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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 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 8-18-10
no responses - Posted 08.18.10
Quote of the day: Information is the currency of democracy. -- Thomas Jefferson EURUSD Trading strategy: standing aside 1.2900 provided resistance once again yesterday and the euro failed to climb higher, despite several attempts. Intra-day sentiment is currently bearish although the pair trades around same levels as yesterday's morning, but downside pressure seems ...continue
no responses - Posted 08.18.10
Quote of the day: Information is the currency of democracy. -- Thomas Jefferson EURUSD Trading strategy: standing aside 1.2900 provided resistance once again yesterday and the euro failed to climb higher, despite several attempts. Intra-day sentiment is currently bearish although the pair trades around same levels as yesterday's morning, but downside pressure seems ...continue
Daily analysis and trading strategies 8-12-10
6 responses - Posted 08.12.10
EURUSD Trading strategy: small short at 1.3030, stop at 1.3090 (0.5% risk), objective at 1.2930 Euro's decline accelerated after breaking below 1.3100 and 1.3000 yesterday, printing a session low at 1.2830 - which was 350 points down from the daily open. Dollar's appreciation across the board comes after the Fed said that ...continue
6 responses - Posted 08.12.10
EURUSD Trading strategy: small short at 1.3030, stop at 1.3090 (0.5% risk), objective at 1.2930 Euro's decline accelerated after breaking below 1.3100 and 1.3000 yesterday, printing a session low at 1.2830 - which was 350 points down from the daily open. Dollar's appreciation across the board comes after the Fed said that ...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 7-30-10
no responses - Posted 07.30.10
EURUSD Trading strategy: standing aside The euro holds steady above former intra-day resistance at 1.3050 after reaching a fresh multi-week high at 1.3105 yesterday. Current recovery is likely to continue and next upside objective is seen at 1.3250/90. Today's most important event in the economic calendar is the US GDP data release ...continue
no responses - Posted 07.30.10
EURUSD Trading strategy: standing aside The euro holds steady above former intra-day resistance at 1.3050 after reaching a fresh multi-week high at 1.3105 yesterday. Current recovery is likely to continue and next upside objective is seen at 1.3250/90. Today's most important event in the economic calendar is the US GDP data release ...continue
Daily analysis and trading strategies 7-23-10
no responses - Posted 07.23.10
EURUSD Trading strategy: standing aside The euro switched course after flirting with 1.2750 and was back around Friday's closing level at 1.2915 30 minutes ago. The break above interim resistance region between 1.2860 and 1.2900 confirms that uptrend resumes but we have to keep an eye on the 1.2850/60 region as it ...continue
no responses - Posted 07.23.10
EURUSD Trading strategy: standing aside The euro switched course after flirting with 1.2750 and was back around Friday's closing level at 1.2915 30 minutes ago. The break above interim resistance region between 1.2860 and 1.2900 confirms that uptrend resumes but we have to keep an eye on the 1.2850/60 region as it ...continue
Daily analysis and trading strategies 7-21-10
no responses - Posted 07.21.10
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 ...continue
no responses - Posted 07.21.10
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 ...continue
Daily analysis and trading strategies 7-2-10
no responses - Posted 07.02.10
Quote of the day: No man can think clearly when his fists are clenched. -- George Jean Nathan EURUSD Trading strategy: small long at 1.2400, stop at 1.2330 (0.5% risk), 1st objective at 1.2450, 2nd objective at 1.2500 Yesterday's large recovery confirmed that the move to 1.2150 was corrective and short-term sentiment remains ...continue
no responses - Posted 07.02.10
Quote of the day: No man can think clearly when his fists are clenched. -- George Jean Nathan EURUSD Trading strategy: small long at 1.2400, stop at 1.2330 (0.5% risk), 1st objective at 1.2450, 2nd objective at 1.2500 Yesterday's large recovery confirmed that the move to 1.2150 was corrective and short-term sentiment remains ...continue
Daily analysis and trading strategies 6-23-10
no responses - Posted 06.23.10
EURUSD Trading strategy: small short at 1.2235, stop at 1.2305 (0.5% risk), 1st objective at 1.2155, 2nd objective at 1.2035 Intra-day support has been found around 1.2250, protecting the more notable downside barrier at 1.2150 which served as stable support for 3 weeks before breaking lower to 1.1875. Short-term sentiment will remain ...continue
no responses - Posted 06.23.10
EURUSD Trading strategy: small short at 1.2235, stop at 1.2305 (0.5% risk), 1st objective at 1.2155, 2nd objective at 1.2035 Intra-day support has been found around 1.2250, protecting the more notable downside barrier at 1.2150 which served as stable support for 3 weeks before breaking lower to 1.1875. Short-term sentiment will remain ...continue