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 at 1.3160, stop Read More
- Continue reading: Daily analysis and trading strategies 8-11-10
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 Yen. Euro’s decline Read More
- Continue reading: Daily analysis and trading strategies 8-10-10
EURUSD Trading strategy: standing aside The euro continues to trade sideways against the dollar as yesterday’s attempt to stabilize into the 1.32 region was short-lived, but the upside remains favored while we don’t see a retreat toward 1.3100. Short-term sentiment is bullish but the 4-hrs studies are showing signs of uptrend weakness after testing 1.3250 Read More
- Continue reading: Daily analysis and trading strategies 8-6-10
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- Continue reading: Daily analysis and trading strategies 8-5-10
Quote of the day: He who moves not forward, goes backward. — Johann Wolfgang von Goethe EURUSD Trading strategy: small long at 1.3100, stop at 1.3030 (0.5% risk), 1st objective at 1.3150, 2nd objective at 1.3250 1.3250 has been reached yesterday as euro’s bullish trajectory remains firm but a pullback is likely ahead of tomorrow’s Read More
- Continue reading: Daily analysis and trading strategies 8-4-10
Quote of the day: If you want to have a better performance than the crowd, you must do things differently from the crowd. — Sir John Templeton EURUSD Trading strategy: standing aside The euro pulled back once again after testing 1.3 but the upside remains favored, although current slide may extend lower towards 1.2770 where Read More
- Continue reading: Daily analysis and trading strategies 7-21-10
EURUSD Trading strategy: small long at 1.2655, stop at 1.2585 (0.5% risk), 1st objective at 1.2705, 2nd objective at 1.2805 The euro rallied to $1.2738, the strongest since May, confirming that the decline to $1.2520/50 was corrective. Short-term sentiment remains bullish even though it was unchanged while the pair tested the lower side below 1.2600. Read More
- Continue reading: Daily analysis and trading strategies 7-14-10
Quote of the day: A good head and a good heart are always a formidable combination. — Nelson Mandela EURUSD Trading strategy: standing aside The World Cup 2010 came to an end – Spain winning the final over Netherlands. There were some great games, even though most of them could have been way better. Frankly, Read More
- Continue reading: Daily analysis and trading strategies 7-12-10
EURUSD Trading strategy: small long at 1.2640, stop at 1.2570 (0.5% risk), 1st objective at 1.2700, 2nd objective at 1.2760 The dollar continued to weaken across the board as equities are recovering – the S&P 500 closed up 1%. ECB President Trichet also helped the euro by saying that the economic activity in the Euro Read More
- Continue reading: Daily analysis and trading strategies 7-9-10
Quote of the day: He who risks and fails can be forgiven. He who never risks and never fails is a failure in his whole being. — Paul Tillich EURUSD Trading strategy: small long at 1.2500, stop at 1.2430 (0.5% risk), 1st objective at 1.2550, 2nd objective at 1.2650 The euro recovered after retracing to Read More
- Continue reading: Daily analysis and trading strategies 7-8-10
EURUSD Trading strategy: small long at 1.2500, stop at 1.2430 (0.5% risk), 1st objective at 1.2550, 2nd objective at 1.2650 The euro continues to challenge the upside – breaking above $1.26 yesterday and it looks comfortable around these levels. No signs of reversal or trend exhaustion are seen yet, therefore pullbacks to the downside could Read More
- Continue reading: Daily analysis and trading strategies 7-7-10
EURUSD Trading strategy: small short at 1.2300, stop at 1.2370 (0.5% risk), objective at 1.2200 Downside pressure is high again as the euro is falling across the board – printing record lows against the CHF (currently at 1.3305); also near recent bottom against the JPY and below .8200 support against the GBP – testing support Read More
- Continue reading: Daily analysis and trading strategies 6-29-10
Quote of the day: Whenever I go down to Washington and meet with the SEC and complain to them that the industry is either over regulated or the burdens are too great they all start to roll their eyes, just like all of our children do when we talk about the good old days. — Read More
- Continue reading: Daily analysis and trading strategies 5-20-10
Quote of the day: Every wave, regardless of how high and forceful it crests, must eventually collapse within itself. — Stefan Zweig EURUSD Trading strategy: standing aside Another day, another leg down – the euro reached a fresh 15-month low at 1.2763 at time of writing, bringing the long-term support trend line from 1.1640 in Read More
- Continue reading: Daily analysis and trading strategies 5-6-10
Quote of the day: If things go wrong, don’t go with them. — Roger Babson EURUSD Trading strategy: looking to sell at 1.3100, stop at 1.3160 (1% risk), objective at 1.3000 The euro continued to collapse on speculation the crisis that began in Greece is spreading – Spain being in focus due to rumours which Read More
- Continue reading: Daily analysis and trading strategies 5-5-10
Quote of the day: It is impossible for a man to learn what he thinks he already knows. — Epictetus EURUSD Trading strategy: holding yesterday’s long @1.3655; will close at breakeven if downtrend resumes 1.3700 provides intra-day resistance on current recovery from 1.3640 – 61.8% of last week’s up leg, intra-day sentiment being slightly bullish Read More
- Continue reading: Daily analysis and trading strategies 3-16-10
Quote of the day: Failure is the condiment that gives success its flavor — Truman Capote EURUSD Trading strategy: small long at 1.3675, stop at 1.3615 (0.5% risk), objective at 1.3785 A break above 1.3680/90 – the trend line resistance extended from 1.3840 – shows up. Some resistance layers are seen above current trading zone Read More
- Continue reading: Daily analysis and trading strategies 3-12-10
EURUSD Trading strategy: waiting for potential break above 1.3700 to consider a long position The euro is approaching the trend line resistance extended from 1.3840, now around 1.3690. Yesterday’s gains were limited ahead of the said resistance level but the euro is conserving recent gains above 1.3600 so a new test is likely. To the Read More
- Continue reading: Daily analysis and trading strategies 3-11-10
Quote of the day: Insanity is doing the same thing over and over again and expecting a different result. — Albert Einstein EURUSD Trading strategy: waiting for a break above 1.3700 to consider a long position Support on the 61.8% of 1.3435-1.3735 at 1.3550 remains intact after the 2nd test but the euro’s recovery is Read More
- Continue reading: Daily analysis and trading strategies 3-10-10
Quote of the day: We must believe in luck. For how else can we explain the success of those we don’t like? — Jean Cocteau EURUSD Another week passed and the euro remains into the 1.3450-1.3730 range, upside being capped around the falling trend line coming from 1.3840. However, as I wrote in my last Read More
- Continue reading: Daily analysis and trading strategies 3-8-10
Quote of the day: A positive attitude may not solve all your problems, but it will annoy enough people to make it worth the effort. — Herm Albright EURUSD Trading strategy: stand aside The euro reached a fresh low against the dollar last week – 50 points below earlier established multi-month low at 1.3585 on Read More
- Continue reading: Daily analysis and trading strategies 2-15-10
Quote of the day: A second reason why science cannot replace judgement is the behavior of financial markets. – Martin Feldstein EURUSD Trading strategy: small short at 1.3770, stop at 1.3820(0.5% risk), objective at 1.3710 The euro missed its chance to breach above the $1.38 handle and collapsed, re-testing the 1.3585/00 support region. Although it Read More
- Continue reading: Daily analysis and trading strategies 2-12-10
EURUSD Trading strategy: long at 1.4265, initial stop at 1.4215, objective at 1.4345. Adjust stop to breakeven on +30 pips (at 1.4295) if reached The trend line barrier into the 1.4230 region has been breached on Friday and the dollar fell to 1.4375 per euro, confirming that the correction from 1.4445 is finished and uptrend Read More
- Continue reading: Daily outlook and trading strategies 08-24-09
EURUSD Strong bearish structure on the medium term studies points towards further downside below the recent dip of 1.5360. Support is currently clustered between 1.5340 and 1.5360 and a potential break there would extend the decline towards 1.5280 where strong support is seen then 1.5230 which is the 50% retracement of the entire 1.4440-1.6019 move. Read More
- Continue reading: EURUSD, EURCHF, AUDJPY, USDJPY medium term outlook
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