Quote of the day: In today’s regulatory environment, it’s virtually impossible to violate rules. — Bernard Madoff EURUSD Trading strategy: long at 1.4910, initial stop at 1.4840 (1% risk), objective at 1.5045. Adjust stop to breakeven on +30 pips (at 1.4940) if reached The euro is retreating from yesterday’s top side at 1.5020 which is Read More
- Continue reading: Daily analysis and trading strategies 11-10-09
Quote of the day: I have not failed. I’ve just found 10,000 ways that won’t work. — Thomas Edison EURUSD Trading strategy: long at 1.4905, initial stop at 1.4835 (risk 1%), objective at 1.5040. Adjust stop to breakeven on +30 pips (at 1.4935) if reached. A busy week is over and a new one has Read More
- Continue reading: Daily analysis and trading strategies 11-09-09
Quote of the day: We cannot truly plan, because we do not understand the future – but this is not necessarily a bad news. We could plan while bearing in mind such limitations. It just takes guts. – Nassim Nicholas Taleb EURUSD Trading strategy: short at 1.4990, initial stop at 1.5060, objective at 1.4880. Adjust Read More
- Continue reading: Daily analysis and trading strategies 11-06-09
EURUSD Trading strategy: long at 1.4760, initial stop at 1.4690, objective at 1.4900. Adjust stop to breakeven on +40 pips (at 1.4800) if reached The euro recovered on yesterday ahead of FOMC and the Fed held interest rates for “an extended period” and kept trillion-dollar stimulus measures in place to support the recession recovery. Key Read More
- Continue reading: Daily analysis and trading strategies 11-05-09
EURUSD Trading strategy: stand aside A look at the EURUSD chart over the last few days provides a clear image of how undecided the market is. Yesterday’s sell-off below the 1.4700 support provided the confirmation of recent fears regarding an extended correction towards mid 1.45s, but price reversed around 1.4630 – returning into the 1.4730 Read More
- Continue reading: Daily analysis and trading strategies 11-04-09
EURUSD Trading strategy: stand aside The euro had another chance to extend its recovery above resistance at 1.4850 on yesterday but it found solid offers ahead of it and retreated back into the mid 1.47s, following the decline in equities. Upside remains slightly favored for now but downside pressure is high as long as 1.4850 Read More
- Continue reading: Daily analysis and trading strategies 11-03-09
EURUSD Trading strategy: stand aside The euro is advancing against the dollar after it retreated from 1.4850 on Friday. Same key support on the 1.4700 handle, formed by the 61.8% of the 1.4480-1.5060 up leg, provided a reversal level and the euro is currently pushing on the upside towards interim resistance at 1.4850. Downside risk Read More
- Continue reading: Daily analysis and trading strategies 11-02-09
EURUSD Trading strategy: stand aside The resistance formed by 1.4850 remained stable and the euro failed to advance higher earlier today, therefore downside is under pressure while writing this. Trading has been quiet today and it will probably remain this way until today’s close. Medium term sentiment remains highly bullish and this week’s losses are Read More
EURUSD Trading strategy: long at 1.4855 on break of 1.4845/50 (hourly bar/candle close above 1.4850), initial stop at 1.4815, objective at 1.4935. Adjust stop to breakeven on +30 pips (at 1.4885) if reached Yesterday’s bounce off support on the 1.4700 handle was an early warning signal that uptrend could resume and the decline to 1.4700 Read More
- Continue reading: Daily analysis and trading strategies 10-30-09
EURUSD Trading strategy: long at 1.4765, initial stop at 1.4715, objective at 1.4850. Adjust stop to breakeven on +30 pips (at 1.4795) if reached. Stronger than expected U.S. GDP lifts the euro to session highs against the dollar. The euro is currently pushing on the interim resistance around 1.4800 and hourly studies are positive, favoring Read More
[poll id="3"] EURUSD Trading strategy: long at 1.4850 on break of 1.4845/50 (hourly bar close above 1.4845), initial stop at 1.4790, objective at 1.4940. Adjust stop to breakeven on +30 pips (at 1.4880) if reached. Euro’s sell-off continued on yesterday as a result of equities pulling back from recent top sides. Support has been found Read More
- Continue reading: Daily analysis and trading strategies 10-28-09
Please vote in the following poll regarding the upcoming trading webinar. If you would like to participate on a different date/time, let me know. [poll id="3"] EURUSD Trading strategy: stand aside Yesterday’s losses in equities caused the euro’s decline into the key support zone into the 1.4820/50 region. Former resistance around 1.4830 which is the Read More
- Continue reading: Daily analysis and trading strategies 10-27-09
EURUSD Trading strategy: long at 1.5050 on break of 1.5045 (hourly close above 1.5045), initial stop at 1.4990, objective at 1.5130. Adjust stop to breakeven on +30 pips (at 1.5080) if reached Resistance into the 1.5045/50 region is intact and couldn’t be broken yet although it’s been tested several times. Upside remains favored as long Read More
- Continue reading: Daily analysis and trading strategies 10-26-09
EURUSD Trading strategy: long at 1.5050 on break of 1.5045 (hourly close above 1.5045), initial stop at 1.4990, objective at 1.5130. Adjust stop to breakeven on +30 pips (at 1.5080) if reached The euro remains bid and upside pressure is quite high as the pair has reached a fresh high at 1.5060. Yesterday’s recovery in Read More
- Continue reading: Daily analysis and trading strategies 10-23-09
EURUSD Trading strategy: long at 1.4930, initial stop at 1.4870, objective at 1.5010. Adjust stop to breakeven on +30 pips (at 1.4960) if reached Yesterday’s rally to 1.5045 opens the 1.5 territory and current pullback seem corrective, most likely caused by the session’s end losses in the equity markets. If the current pullback continues, intra-day Read More
- Continue reading: Daily analysis and trading strategies 10-22-09
In case you have missed the announcement of the upcoming Q&A Webinar which I am going to host next week, please refer to this article. Do not hesitate to send your questions and topic suggestions. EURUSD Trading strategy: short at 1.5060, initial stop at 1.5120, objective at 1.4960. Adjust stop to breakeven on +30 pips Read More
- Continue reading: Daily analysis and trading strategies 10-21-09
EURUSD Trading strategy: short at 1.5020, initial stop at 1.5070, objective at 1.4920. Adjust stop to breakeven on +30 pips (at 1.4990) if reached The support zone around 1.4840 has provided a stable reversal point so far and the upward channel formed on the 4-hrs chart, as seen below, is intact – the lower band Read More
- Continue reading: Daily analysis and trading strategies 10-19-09
EURUSD Trading strategy: stand aside Intra-day sentiment is slightly bearish after the 2nd failed attempt to reach 1.5000. Yesterday’s relatively fast recovery from 1.4840, which is also the 61.8% retracement ratio of 1.4760-1.4965, suggests that uptrend is very strong and pullbacks are grabbing bids from below 1.4900, for a potential break out above 1.5000 on Read More
- Continue reading: Daily analysis and trading strategies 10-16-09
EURUSD Trading strategy: short at 1.5010, initial stop at 1.5065, objective at 1.4910. Adjust stop to breakeven on +30 pips (at 1.4980) if reached The rise continued and the euro currently trades into a fresh multi-month high territory – near the psychological barrier 1.5, also right on the upper band of the upward trend channel Read More
- Continue reading: Daily analysis and trading strategies 10-15-09
I am glad to announce you that the chat room is up and running! EURUSD Trading strategy: stand aside After reaching a fresh high at 1.4875 on yesterday, the euro pulled back but has found buyers on the dip to 1.4805/10. Therefore, upside is under pressure now as the euro trades comfortably into the higher Read More
- Continue reading: Daily analysis and trading strategies 10-14-09
EURUSD Trading strategy: long at 1.4805 on break of 1.4800 (hourly bar/candle close above 1.4800), initial stop at 1.4745, objective at 1.4895. Friday’s losses have been recovered on yesterday and the upside is under pressure once again, first intra-day barrier being formed by the 1.4800 handle. Today’s ZEW Economic Sentiment report released in Germany may Read More
- Continue reading: Daily analysis and trading strategies 10-13-09
EURUSD Trading strategy: stand aside Short term sentiment remains positive despite Friday’s minor pullback to 1.4675 but the intra-day charts show signs of weakness since falling below 1.4750 support. Therefore, a break above 1.4750/70 is needed to re-initiate the intra-day uptrend. On a potential resume of the uptrend, objectives may be set around 1.4800 and Read More
- Continue reading: Daily analysis and trading strategies 10-12-09
EURUSD Trading strategy: stand aside Yesterday’s gains against the dollar have been limited into the 1.4800/20 region and Bernanke’s speech has sent the euro a bit lower, testing support on the 1.4700 handle. Short term sentiment remains positive while the intra-day charts are slightly bearish, a breach above 1.4750 being needed to signal a change Read More
- Continue reading: Daily analysis and trading strategies 10-09-09
EURUSD Trading strategy: long at 1.4710, initial stop at 1.4660, objective at 1.4810. Adjust stop to breakeven on +30 pips (at 1.4740) if reached Upside is on focus as the euro recovered on yesterday after it found support at 1.4650. Intra-day uptrend is under development and price may stabilize above 1.4700 which is an important Read More
- Continue reading: Daily analysis and trading strategies 10-08-09
EURUSD Trading strategy: stand aside The euro continues to achieve higher highs on the current recovery process, aiming towards the recent top side at 1.4845. Short-term sentiment is slightly bullish but the intra-day studies show minor signs of weakness. In case of an extended pullback below overnight’s low at 1.4683, look for support into the Read More
- Continue reading: Daily analysis and trading strategies 10-07-09
EURUSD Trading strategy: long at 1.4670, initial stop at 1.4620, objective at 1.4750. Adjust stop to breakeven on +30 pips (at 1.4700) if reached The euro recovered on yesterday and continued to climb higher during today’s Asian trading session. Upside remains favored and a daily close above 1.4700 would confirm the end of the corrective Read More
- Continue reading: Daily analysis and trading strategies 10-06-09
EURUSD Trading strategy: short at 1.4720, initial stop at 1.4770, objective at 1.4640. Adjust stop to breakeven on +30 pips (at 1.4690) if reached Not much has changed across the board while I’ve been on my annual vacation during the last two weeks. Current euro’s pullback from 1.4845 seem corrective and the euro has found Read More
- Continue reading: Daily analysis and trading strategies 10-05-09
EURUSD Trading strategy: stand aside A fresh ytd high has been reached on yesterday at 1.4765 and the euro holds steady above the 1.4700 handle, being well supported by the rising trend line seen on the 4-hrs chart attached below. While above the said support, intra-day sentiment will remain positive, favoring further upside action towards Read More
- Continue reading: Daily analysis and trading strategies 09-18-09
EURUSD Trading strategy: short at 1.4845, initial stop at 1.4905, objective 1.4760. Adjust stop to breakeven on +30 pips (at 1.4815) if reached Support has been found at 1.4650 on yesterday’s minor pullback and upside is under renewed pressure, the euro trading around 1.4730 while writing this report. Uptrend is very strong and the daily Read More
- Continue reading: Daily analysis and trading strategies 09-17-09
EURUSD Trading strategy: stand aside The euro maintains its bid tone against the dollar, orbiting around the recent multi-month high reached on yesterday at 1.4685. First resistance is emerging at 1.4720 – the top of December 2008, and a break above that level will open 1.5. Both short-term and intra-day studies are positive and the Read More
- Continue reading: Daily analysis and trading strategies 09-16-09
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