Quote of the day: “Curst greed of gold, what crimes thy tyrant power has caused.” – Virgil EURUSD Trading strategy: standing aside Euro’s rally was capped at 1.3430 yesterday as commodities and equities sold off. The 1.3250-1.3430 range is still valid and its lower limit is back in focus at time of writing. My plan Read More
- Continue reading: dollar recovers as equities and commodities sold off
Quote of the day: “Knowing is not enough; we must apply. Willing is not enough; we must do.” – Johann Wolfgang von Goethe EURUSD Trading strategy: looking to buy at 1.3380, stop at 1.3320 (0.5% risk), 1st objective at 1.3430, 2nd objective at 1.3600 The euro recovered against the dollar after testing bids into the Read More
- Continue reading: Euro Recovers Across the Board as Risk Appetite Returns
Quote of the day: “It is not enough to succeed. Others must fail.” – Gore Vidal EURUSD Trading strategy: standing aside Good morning. I hope you all had a nice holiday season and a good start in 2011. The euro starts slightly lower this year – down 50 pips from Friday’s close. Short-term resistance into Read More
Quote of the day: “An optimist stays up until midnight to see the new year in. A pessimist stays up to make sure the old year leaves.” – Bill Vaughn EURUSD Trading strategy: standing aside The break above 1.3180 was short as the euro was unable to sustain gains and declined to as low as Read More
Quote of the day: “Let Wall Street have a nightmare and the whole country has to help get them back in bed again” – Will Rogers EURUSD Trading strategy: looking to buy a small size on pullback to 1.3180, stop at 1.3120, 1st objective at 1.3240, 2nd objective at 1.3330 Good morning. The dollar is Read More
- Continue reading: Dollar Weaker Across the Board on Low Volume Trading
Quote of the day: “Inflation is when you pay fifteen dollars for the ten-dollar haircut you used to get for five dollars when you had hair.” – Sam Ewing EURUSD Trading strategy: small size short on pullback to 1.3300, stop at 1.3360, 1st objective at 1.3250, 2nd objective at 1.3180 The euro fell sharply against Read More
- Continue reading: Euro under pressure; EU leaders meeting in Brussels
Greetings. This post is a short update to my Sunday article: some trading setups for this new week Silver Silver bounced off support around 28 and recovered to as high as 29.90 earlier today. Although last reversal candle, formed after reaching a fresh record at 30.66, is still valid – uptrend was once again confirmed and Read More
Greetings. Check the economic calendar to see what else, except for the US Interest Rate decision and FOMC statement, should move the markets in the coming days. Here are some charts & setups worth watching this week Silver Silver 1d chart 12-12-2010
Quote of the day: People rarely succeed unless they have fun in what they are doing. – Andrew Carnegie EURUSD Trading strategy: standing aside EUR/USD is little changes since yesterday morning as the shy attempt to recover was capped by 1.3385/00. Pressure is again high on the 1.3300 support as the pair feels heavy and Read More
Quote of the day: The best way to keep loyalty in a man’s heart is to keep money in his purse. – Irish proverb EURUSD Trading strategy: looking to buy at 1.3700, stop at 1.3630, 1st objective at 1.3750, 2nd objective at 1.3850 The euro rose across the board after Ireland, IMF and the EU Read More
Quote of the day: He who is not courageous enough to take risks will accomplish nothing in life. – Muhammad Ali EURUSD Trading strategy: standing aside The euro holds above 1.3600 and is currently facing intraday resistance around 1.3650, after it climbed yesterday on Ireland optimism. Next resistance region comes around 1.3750 which served both Read More
- Continue reading: Euro recovers some losses; 1.3750 resistance in focus
Quote of the day: Folks who don’t know why America is the Land of Promise should be here during an election campaign. – Milton Berle EURUSD Trading strategy: standing aside Tested yesterday – 1.3570 provided intraday resistance but was breached during today’s Asian session, following Gold which bounced off support region around 1330, reaching session Read More
- Continue reading: Euro recovers some ground but remains vulnerable
Quote of the day: Sometimes it is better to lose and do the right thing than to win and do the wrong thing. – Tony Blair EURUSD Trading strategy: standing aside Euro’s sell-off continues amid European debt concerns which are worsening risk appetite in the market. The pair failed to hold recent gains above the $1.400 Read More
- Continue reading: No signs of euro recovery yet; Gold above 1400
Quote of the day: The economic repercussions of a stock market crash depend less on the severity of the crash itself than on the response of economic policymakers, particularly central bankers. – Ben Bernanke EURUSD Trading strategy: standing aside; will consider buying a small size on break above 1.4050/60 with an initial stop around 1.3980, Read More
Smooth seas do not make skillful sailors. – African Proverb Greetings. There’s only one day left until the Fed will (as expected) resume the program of assets purchases, trying to support the economic recovery. Current question is not “Will the Fed announce QE2?” but rather “How much money will the Fed print inject into the Read More
Quote of the day: There are no facts, only interpretations. – Friedrich Nietzsche EURUSD Trading strategy: standing aside Another week is almost over and the euro remains into the 4-week range, near same levels where it was trading last Friday. Yesterday’s recovery was capped by 1.3950 and current pullback from 1.3950 to 1.3880 (at the Read More
Quote of the day: Recession is when a neighbor loses his job. Depression is when you lose yours. – Ronald Reagan EURUSD Trading strategy: short at 1.3910, stop at 1.3960(0.5% risk), 1st objective at 1.3860, 2nd objective at 1.3780 The euro recovered some ground in Asian session as the support zone formed by the last Read More
Quote of the day: It’s a zero sum game, somebody wins, somebody loses. Money itself isn’t lost or made, it’s simply transferred from one perception to another. – Gordon Gekko (Michael Douglas) EURUSD Trading strategy: standing aside The dollar recovered some ground yesterday as the euro failed to hold into the 1.40-1.41 region. Upside remains Read More
Quote of the day: Courage is the discovery that you may not win, and trying when you know you can lose. – Tom Krause EURUSD Trading strategy: long on pullback to 1.400, stop at 1.3930(0.5% risk), 1st objective at 1.4050, 2nd objective at 1.4160 The euro is flirting with 1.4050 after few hours since the Read More
- Continue reading: dollar under pressure after G-20 meeting
Quote of the day: The first panacea for a mismanaged nation is inflation of the currency. The second is war. Both bring a temporary prosperity. Both bring a permanent ruin. – Ernest Hemingway EURUSD Trading strategy: standing aside Support around 1.3900 held and the euro holds recent gains near the 1.400 handle, maintaining a bid Read More
Quote of the day: If you put the federal government in charge of the Sahara Desert, in 5 years there’d be a shortage of sand. – Milton Friedman EURUSD Trading strategy: long at 1.3960, stop at 1.3880(0.5% risk), 1st objective at 1.4010, 2nd objective at 1.4100 We are one day closer to the G20 summit Read More
Quote of the day: Never solve a problem from its original perspective. – Charles Thompson EURUSD Trading strategy: standing aside The dollar recovered some ground after the euro reached a fresh multi-month top at $1.4120. Support is provided by 1.400 and if the pair holds into this region today, a weekly close above 1.400 will Read More
- Continue reading: EURUSD consolidating gains near multi-month top
Quote of the day: I’ve learned that everyone wants to live on top of the mountain, but all the happiness and growth occurs while you’re climbing it. – Andy Rooney EURUSD Trading strategy: long at 1.4025, stop at 1.3955(0.5% risk), 1st objective at 1.4075, 2nd objective at 1.4165 The euro found support near 1.3900 and Read More
Quote of the day: Fiat money has no place to go but gold. – Alan Greenspan EURUSD Trading strategy: long at 1.3910, stop at 1.3840 (0.5% risk), 1st objective at 1.3960, 2nd objective at 1.4050 The euro resumed uptrend, ending the correction after it found support at 1.3800. The $1.400 barrier is back in focus Read More
Quote of the day: Speculation is only a word covering the making of money out of the manipulation of prices, instead of supplying goods and services. – Henry Ford EURUSD Trading strategy: long at 1.3960, stop at 1.3890(0.5% risk), 1st objective at 1.4010, 2nd objective at 1.4100 Although it managed to rally above the 1.4000 Read More
Quote of the day: Sometimes a man can meet his destiny on the road he took to avoid it. – Louis Salinger in The International EURUSD Trading strategy: long on pullback to 1.3950, stop at 1.3880(0.5% risk), 1st objective at 1.4000, 2nd objective at 1.4100 The euro holds gains above $1.39 against the dollar after Read More
Quote of the day: In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. – Alan Greenspan EURUSD Trading strategy: long at 1.3800, stop at 1.3730 (0.5% risk), 1st objective at 1.3850, 2nd objective at 1.3950 Euro’s correction is completed Read More
- Continue reading: U.S. dollar resumes slide – gold unstoppable
Quote of the day: Fortune favors the prepared mind. – Louis Pasteur EURUSD Trading strategy: standing aside The dollar recovered some losses and former resistance region at 1.3680 is still under pressure as the pair continues to orbit on a 80 pips range – around it. Current pullback is most likely corrective, but it is Read More
- Continue reading: RBA surprises by leaving rates unchanged – dollar recovers
I am currently on a short holiday in Italy, until next week, therefore I might not be able to write my articles on a daily basis. Quote of the day: It does not matter how slowly you go as long as you do not stop. – Confucius EURUSD Trading strategy: standing aside The euro advanced Read More
Quote of the day: The trees that are slow to grow bear the best fruit. – Moliere EURUSD Trading strategy: long at 1.3680, stop at 1.3620 (0.5% risk), 1st objective at 1.3730, 2nd objective at 1.3800. Other plan would be to look for buying opportunities on pullback to 1.3550, stop at 1.3480 (0.5% risk), 1st Read More
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