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Daily outlook and trading strategies 01-07-10
no responses - Posted 01.07.10
Quote of the day: Your best teacher is your last mistake. -- Ralph Nader EURUSD Trading strategy: stand aside The dollar lost some ground on the FOMC minutes released yesterday, euro reaching session highs few points below the 1.4450 resistance which would encourage uptrend to resume if breached. While below the said barrier, downside ...continue
no responses - Posted 01.07.10
Quote of the day: Your best teacher is your last mistake. -- Ralph Nader EURUSD Trading strategy: stand aside The dollar lost some ground on the FOMC minutes released yesterday, euro reaching session highs few points below the 1.4450 resistance which would encourage uptrend to resume if breached. While below the said barrier, downside ...continue
Daily analysis and trading strategies 01-06-10
no responses - Posted 01.06.10
EURUSD Trading strategy: stand aside Yesterday's gains have been short lived as the intra-day break above the 1.4450 resistance has been a false one, hence not dealing with a notable break out on the daily charts - which was needed to confirm that the consolidation within the 1.43-1.4450 region has come to ...continue
no responses - Posted 01.06.10
EURUSD Trading strategy: stand aside Yesterday's gains have been short lived as the intra-day break above the 1.4450 resistance has been a false one, hence not dealing with a notable break out on the daily charts - which was needed to confirm that the consolidation within the 1.43-1.4450 region has come to ...continue
Daily analysis and trading strategies 01-05-10
no responses - Posted 01.05.10
Happy New Year! I hope you all had a great time during the holidays and I wish you all the best in 2010! EURUSD Trading strategy: long at 1.4370, stop at 1.4320 (1% risk), 1st objective at 1.4420, 2nd objective at 1.4470 The euro started this new year by recovering some losses - ...continue
no responses - Posted 01.05.10
Happy New Year! I hope you all had a great time during the holidays and I wish you all the best in 2010! EURUSD Trading strategy: long at 1.4370, stop at 1.4320 (1% risk), 1st objective at 1.4420, 2nd objective at 1.4470 The euro started this new year by recovering some losses - ...continue
Daily analysis and trading strategies 12-23-09
no responses - Posted 12.23.09
EURUSD Trading strategy: small short at 1.4330, stop at 1.4380 (0.5% risk), 1st objective at 1.4280, 2nd objective at 1.4230 The euro dropped below $1.4260 yesterday, reaching a fresh 3 months low at 1.4220 - now far from the 200 days SMA coming around 1.4195. In case of extended weakness against the ...continue
no responses - Posted 12.23.09
EURUSD Trading strategy: small short at 1.4330, stop at 1.4380 (0.5% risk), 1st objective at 1.4280, 2nd objective at 1.4230 The euro dropped below $1.4260 yesterday, reaching a fresh 3 months low at 1.4220 - now far from the 200 days SMA coming around 1.4195. In case of extended weakness against the ...continue
Daily analysis and trading strategies 12-22-09
no responses - Posted 12.22.09
EURUSD Trading strategy: small short at 1.4365, stop at 1.4415 (0.5% risk), 1st objective at 1.4315, 2nd objective at 1.4265 Yesterday's recovery has been (once again) short-lived and the euro failed to stabilize above 1.4340/50 in order to gain positive momentum and test the notable barrier formed by the downward trend line ...continue
no responses - Posted 12.22.09
EURUSD Trading strategy: small short at 1.4365, stop at 1.4415 (0.5% risk), 1st objective at 1.4315, 2nd objective at 1.4265 Yesterday's recovery has been (once again) short-lived and the euro failed to stabilize above 1.4340/50 in order to gain positive momentum and test the notable barrier formed by the downward trend line ...continue
Daily analysis and trading strategies 12-21-09
3 responses - Posted 12.21.09
EURUSD Trading strategy: small long at 1.4360, stop at 1.4310 (0.5% risk), 1st objective at 1.4400, 2nd objective at 1.4480. Support on the 1.4300 handle has been stable so far but the euro has yet to breach the downward trend line coming from 1.5140 - now around 1.4410, in order to initiate ...continue
3 responses - Posted 12.21.09
EURUSD Trading strategy: small long at 1.4360, stop at 1.4310 (0.5% risk), 1st objective at 1.4400, 2nd objective at 1.4480. Support on the 1.4300 handle has been stable so far but the euro has yet to breach the downward trend line coming from 1.5140 - now around 1.4410, in order to initiate ...continue
Daily analysis and trading strategies 12-18-09
1 response - Posted 12.18.09
Quote of the day: A sly rabbit will have three openings to its den. -- Chinese Proverb EURUSD Trading strategy: short at 1.4470, stop at 1.4520 (1% risk), 1st objective at 1.4420, 2nd objective at 1.4370 Euro's weakness remains high as its decline extended through yesterday's all three trading sessions, reaching a fresh ...continue
1 response - Posted 12.18.09
Quote of the day: A sly rabbit will have three openings to its den. -- Chinese Proverb EURUSD Trading strategy: short at 1.4470, stop at 1.4520 (1% risk), 1st objective at 1.4420, 2nd objective at 1.4370 Euro's weakness remains high as its decline extended through yesterday's all three trading sessions, reaching a fresh ...continue
Daily analysis and trading strategies 12-17-09
no responses - Posted 12.17.09
Quote of the day: The time to buy is when blood is running in the streets. -- Baron Nathan Rothschild EURUSD Trading strategy: short at 1.4530, stop at 1.4570 (1% risk), 1st objective at 1.5590, 2nd objective at 1.4430. Euro's free fall continued through the Asian session, reaching a 3 months low at ...continue
no responses - Posted 12.17.09
Quote of the day: The time to buy is when blood is running in the streets. -- Baron Nathan Rothschild EURUSD Trading strategy: short at 1.4530, stop at 1.4570 (1% risk), 1st objective at 1.5590, 2nd objective at 1.4430. Euro's free fall continued through the Asian session, reaching a 3 months low at ...continue
Daily analysis and trading strategies 12-16-09
1 response - Posted 12.16.09
Quote of the day: The worse a situation becomes, the less it takes to turn it around, the bigger the upside -- George Soros EURUSD Trading strategy: short at 1.4680, stop at 1.4740 (1% risk), 1st objective at 1.4620, 2nd objective at 1.4560 Offers around the 1.4550 level are being tested at the ...continue
1 response - Posted 12.16.09
Quote of the day: The worse a situation becomes, the less it takes to turn it around, the bigger the upside -- George Soros EURUSD Trading strategy: short at 1.4680, stop at 1.4740 (1% risk), 1st objective at 1.4620, 2nd objective at 1.4560 Offers around the 1.4550 level are being tested at the ...continue
Short-term outlook (12/15-12/25)
2 responses - Posted 12.15.09
[polldaddy poll=2390846] EURUSD Euro's correlation to the S&P 500 has been lost since a few days ago when the S&P 500 reversed at 1086 but euro went the opposite way, not following to the upside. The correlation to gold remained higher, though - but since both gold and euro face downside pressure ...continue
2 responses - Posted 12.15.09
[polldaddy poll=2390846] EURUSD Euro's correlation to the S&P 500 has been lost since a few days ago when the S&P 500 reversed at 1086 but euro went the opposite way, not following to the upside. The correlation to gold remained higher, though - but since both gold and euro face downside pressure ...continue