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The week ahead (05/24-05/28)
no responses - Posted 05.23.10
[polldaddy poll=3244343] EURUSD The euro initiated a recovery cycle after printing a fresh multi-year low at 1.2145 but it still trades far below last month's region. Sentiment remains highly bearish on both short-term and medium-term studies and the 525 points recovery from 1.2145 to 1.2670 is less than half of current month's ...continue
no responses - Posted 05.23.10
[polldaddy poll=3244343] EURUSD The euro initiated a recovery cycle after printing a fresh multi-year low at 1.2145 but it still trades far below last month's region. Sentiment remains highly bearish on both short-term and medium-term studies and the 525 points recovery from 1.2145 to 1.2670 is less than half of current month's ...continue
Daily analysis and trading strategies 5-21-10
no responses - Posted 05.21.10
EURUSD Trading strategy: small long at 1.2465, stop at 1.2395 (0.5% risk), objective at 1.2620 The euro managed to overcome the 1.2430/50 resistance yesterday and rallied to as high as 1.2671 earlier today, but it is pulling back below 1.2620 which is the 50% retracement of last down leg from 1.3095 to ...continue
no responses - Posted 05.21.10
EURUSD Trading strategy: small long at 1.2465, stop at 1.2395 (0.5% risk), objective at 1.2620 The euro managed to overcome the 1.2430/50 resistance yesterday and rallied to as high as 1.2671 earlier today, but it is pulling back below 1.2620 which is the 50% retracement of last down leg from 1.3095 to ...continue
Daily analysis and trading strategies 5-20-10
no responses - Posted 05.20.10
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 ...continue
no responses - Posted 05.20.10
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 ...continue
Daily analysis and trading strategies 5-19-10
no responses - Posted 05.19.10
Quote of the day: It takes as much imagination to create debt as to create income. -- Leonard Orr EURUSD Trading strategy: looking to sell at 1.2350, stop at 1.2420 (1% risk), objective at 1.2200 After a second round of testing the intra-day resistance region between 1.2415-1.2450, the euro failed to hold above ...continue
no responses - Posted 05.19.10
Quote of the day: It takes as much imagination to create debt as to create income. -- Leonard Orr EURUSD Trading strategy: looking to sell at 1.2350, stop at 1.2420 (1% risk), objective at 1.2200 After a second round of testing the intra-day resistance region between 1.2415-1.2450, the euro failed to hold above ...continue
Daily analysis and trading strategies 5-18-10
no responses - Posted 05.18.10
Quote of the day: If we did go into a recession, something that's always possible for the U.S. or Europe, we could lower interest rates and expand the money supply without worrying about the price of gold. -- Jeffrey Sachs EURUSD Trading strategy: looking to sell at 1.2500, stop at 1.2570 (1% ...continue
no responses - Posted 05.18.10
Quote of the day: If we did go into a recession, something that's always possible for the U.S. or Europe, we could lower interest rates and expand the money supply without worrying about the price of gold. -- Jeffrey Sachs EURUSD Trading strategy: looking to sell at 1.2500, stop at 1.2570 (1% ...continue
Daily analysis and trading strategies 5-17-10
no responses - Posted 05.17.10
Quote of the day: Debt is the fatal disease of republics, the first thing and the mightiest to undermine governments and corrupt the people -- Wendell Phillips EURUSD Trading strategy: standing aside The euro trades around levels of 2006 as the decline continues on concern European measures to reduce fiscal deficits will undermine ...continue
no responses - Posted 05.17.10
Quote of the day: Debt is the fatal disease of republics, the first thing and the mightiest to undermine governments and corrupt the people -- Wendell Phillips EURUSD Trading strategy: standing aside The euro trades around levels of 2006 as the decline continues on concern European measures to reduce fiscal deficits will undermine ...continue
Daily analysis and trading strategies 5-14-10
2 responses - Posted 05.14.10
EURUSD Trading strategy: short around 1.2510 on hourly close below 1.2515, stop at 1.2570 (1% risk), objective at 1.2410 Risk still lies to the downside as the euro continues its bearish trajectory, retesting last week's bottom at 1.2520. The said support holds for now and a correction might be underway, but playing ...continue
2 responses - Posted 05.14.10
EURUSD Trading strategy: short around 1.2510 on hourly close below 1.2515, stop at 1.2570 (1% risk), objective at 1.2410 Risk still lies to the downside as the euro continues its bearish trajectory, retesting last week's bottom at 1.2520. The said support holds for now and a correction might be underway, but playing ...continue
Daily analysis and trading strategies 5-13-10
no responses - Posted 05.13.10
Quote of the day: All the gold which is under or upon the earth is not enough to give in exchange for virtue. -- Plato EURUSD Trading strategy: standing aside The mid 1.27 area where the euro was trading in late Friday's session before gapping up over the weekend has been a though ...continue
no responses - Posted 05.13.10
Quote of the day: All the gold which is under or upon the earth is not enough to give in exchange for virtue. -- Plato EURUSD Trading strategy: standing aside The mid 1.27 area where the euro was trading in late Friday's session before gapping up over the weekend has been a though ...continue
Daily analysis and trading strategies 5-12-10
no responses - Posted 05.12.10
[polldaddy poll=3189761] Quote of the day: Doubts are more cruel than the worst of truths. -- Moliere Trading strategy: looking to sell at 1.2800, stop at 1.2870(1% risk), objective at 1.2640 The euro is back near its recent low as Monday's correction was just a new opportunity for sellers to increase their bets ...continue
no responses - Posted 05.12.10
[polldaddy poll=3189761] Quote of the day: Doubts are more cruel than the worst of truths. -- Moliere Trading strategy: looking to sell at 1.2800, stop at 1.2870(1% risk), objective at 1.2640 The euro is back near its recent low as Monday's correction was just a new opportunity for sellers to increase their bets ...continue
Daily analysis and trading strategies 5-11-10
no responses - Posted 05.11.10
EURUSD Trading strategy: short at 1.3000, stop at 1.3070(1% risk), objective at 1.2860 Bulls' optimism fades away as the euro could not sustain gains into the 1.3 region yesterday and dropped to Friday's levels, filling the opening gap. 1.2700 provides a minor support now that earlier established support around 1.2740 formed by ...continue
no responses - Posted 05.11.10
EURUSD Trading strategy: short at 1.3000, stop at 1.3070(1% risk), objective at 1.2860 Bulls' optimism fades away as the euro could not sustain gains into the 1.3 region yesterday and dropped to Friday's levels, filling the opening gap. 1.2700 provides a minor support now that earlier established support around 1.2740 formed by ...continue