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Daily analysis and trading strategies 9-3-10
2 responses - Posted 09.03.10
EURUSD Trading strategy: small long at 1.2780, stop at 1.2720(0.5% risk), 1st objective at 1.2830, 2nd objective at 1.2900 The euro is relatively quiet since yesterday, trading in a narrow range of 70 points, but holding gains above 1.2800. Upside is slightly favored and a pullback may provide a buying opportunity if ...continue
2 responses - Posted 09.03.10
EURUSD Trading strategy: small long at 1.2780, stop at 1.2720(0.5% risk), 1st objective at 1.2830, 2nd objective at 1.2900 The euro is relatively quiet since yesterday, trading in a narrow range of 70 points, but holding gains above 1.2800. Upside is slightly favored and a pullback may provide a buying opportunity if ...continue
Daily analysis and trading strategies 9-2-10
10 responses - Posted 09.02.10
Quote of the day: A deception that elevates us is dearer than a host of low truths. -- Marina Tsvetaeva EURUSD Trading strategy: small long at 1.2740, stop at 1.2680 (0.5% risk), objective at 1.2900 The euro recovered some losses, breaking above the 1.2750 resistance region, following the risk pairs which rallied yesterday. ...continue
10 responses - Posted 09.02.10
Quote of the day: A deception that elevates us is dearer than a host of low truths. -- Marina Tsvetaeva EURUSD Trading strategy: small long at 1.2740, stop at 1.2680 (0.5% risk), objective at 1.2900 The euro recovered some losses, breaking above the 1.2750 resistance region, following the risk pairs which rallied yesterday. ...continue
Daily analysis and trading strategies 8-31-10
no responses - Posted 08.31.10
EURUSD Trading strategy: small short at 1.2720, stop at 1.2780(0.5% risk), objective at 1.2620 Support at 1.2650 is again under pressure as the euro failed to maintain its course, erasing most of last week's gains. Next downside barrier comes below 1.2650 at 1.2590/05 which is also the 50% retracement of 1.1875-1.3335. Short-term ...continue
no responses - Posted 08.31.10
EURUSD Trading strategy: small short at 1.2720, stop at 1.2780(0.5% risk), objective at 1.2620 Support at 1.2650 is again under pressure as the euro failed to maintain its course, erasing most of last week's gains. Next downside barrier comes below 1.2650 at 1.2590/05 which is also the 50% retracement of 1.1875-1.3335. Short-term ...continue
Daily analysis and trading strategies 8-30-10
no responses - Posted 08.30.10
EURUSD Trading strategy: standing aside Euro's consolidation above 1.2700 continues but its recovery is still modest, upside being capped by 1.2770 - following the EURJPY which is facing resistance around former support zone, at 109.25. Short-term studies are bearish while the pair is trading below 1.2900 and its recovery being weak. Interim ...continue
no responses - Posted 08.30.10
EURUSD Trading strategy: standing aside Euro's consolidation above 1.2700 continues but its recovery is still modest, upside being capped by 1.2770 - following the EURJPY which is facing resistance around former support zone, at 109.25. Short-term studies are bearish while the pair is trading below 1.2900 and its recovery being weak. Interim ...continue
Daily analysis and trading strategies 8-26-10
no responses - Posted 08.26.10
Quote of the day: Success isn’t permanent, and failure isn’t fatal. -- Mike Ditka EURUSD Trading strategy: small long at 1.2730 on hourly close above 1.2720, stop at 1.2660 (0.5% risk), objective at 1.2850 The euro recovered after another dip towards 1.2600 from 1.2720 which still provides intra-day resistance, for the 4th day. ...continue
no responses - Posted 08.26.10
Quote of the day: Success isn’t permanent, and failure isn’t fatal. -- Mike Ditka EURUSD Trading strategy: small long at 1.2730 on hourly close above 1.2720, stop at 1.2660 (0.5% risk), objective at 1.2850 The euro recovered after another dip towards 1.2600 from 1.2720 which still provides intra-day resistance, for the 4th day. ...continue
Daily analysis and trading strategies 8-24-10
no responses - Posted 08.24.10
Quote of the day: The best minds are not in government. If any were, business would hire them away. -- Ronald Reagan EURUSD Trading strategy: small short at 1.2730, stop at 1.2790(0.5% risk), objective at 1.2610 The euro fell for 4th day against the dollar, approaching the median retracement of last upward swing ...continue
no responses - Posted 08.24.10
Quote of the day: The best minds are not in government. If any were, business would hire them away. -- Ronald Reagan EURUSD Trading strategy: small short at 1.2730, stop at 1.2790(0.5% risk), objective at 1.2610 The euro fell for 4th day against the dollar, approaching the median retracement of last upward swing ...continue
Daily analysis and trading strategies 8-20-10
no responses - Posted 08.20.10
EURUSD Trading strategy: standing aside The euro failed once again to take out the 1.2900 barrier yesterday, so the range bound action continues between 1.2780/00 and 1.2900. As we can see in the chart below, we have a bear flag formation and its lower limit is again under pressure at the time ...continue
no responses - Posted 08.20.10
EURUSD Trading strategy: standing aside The euro failed once again to take out the 1.2900 barrier yesterday, so the range bound action continues between 1.2780/00 and 1.2900. As we can see in the chart below, we have a bear flag formation and its lower limit is again under pressure at the time ...continue
Daily analysis and trading strategies 8-13-10
no responses - Posted 08.13.10
Quote of the day: Money will come when you are doing the right thing. -- Mike Phillips EURUSD Trading strategy: small short at 1.3030, stop at 1.3090 (0.5% risk), objective at 1.2930 The euro found support at 1.2800 after the free fall from 1.3300 but the ongoing recovery is not convincing. Former support ...continue
no responses - Posted 08.13.10
Quote of the day: Money will come when you are doing the right thing. -- Mike Phillips EURUSD Trading strategy: small short at 1.3030, stop at 1.3090 (0.5% risk), objective at 1.2930 The euro found support at 1.2800 after the free fall from 1.3300 but the ongoing recovery is not convincing. Former support ...continue
Daily analysis and trading strategies 8-11-10
6 responses - Posted 08.11.10
Quote of the day: There are 10^11 stars in the galaxy. That used to be a huge number. But it's only a hundred billion. It's less than the national deficit! We used to call them astronomical numbers. Now we should call them economical numbers. -- Richard Feynman EURUSD Trading strategy: small short ...continue
6 responses - Posted 08.11.10
Quote of the day: There are 10^11 stars in the galaxy. That used to be a huge number. But it's only a hundred billion. It's less than the national deficit! We used to call them astronomical numbers. Now we should call them economical numbers. -- Richard Feynman EURUSD Trading strategy: small short ...continue
Daily analysis and trading strategies 8-10-10
no responses - Posted 08.10.10
Quote of the day: Debts and lies are generally mixed together -- Francois Rabelais EURUSD Trading strategy: standing aside The euro is having a break and pulls back from recent top as the dollar strengthened on concern that the global economic recovery is stalling boosted demand for safer assets, such as the ...continue
no responses - Posted 08.10.10
Quote of the day: Debts and lies are generally mixed together -- Francois Rabelais EURUSD Trading strategy: standing aside The euro is having a break and pulls back from recent top as the dollar strengthened on concern that the global economic recovery is stalling boosted demand for safer assets, such as the ...continue