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: We have the best government that money can buy. – Mark Twain EURUSD Trading strategy: short at 1.3870, stop at 1.3920, 1st objective at 1.3820, 2nd objective at 1.3750 Last attempt to breach 1.400 was indeed corrective, as it looked yesterday, before resuming the euro’s sell-off. Well, I guess that after Read More
Quote of the day: In 27 of the 28 cases, sky-high prices eventually returned to earth, frequently making a small crater as they landed. - Jim Grant EURUSD Trading strategy: standing aside The euro is down 300 points from recent top at 1.4160 – this being the largest correction in 5 weeks. Current dollar’s recovery across 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: Economists are pessimists: they’ve predicted 8 of the last 3 depressions. – Barry Asmus EURUSD Trading strategy: standing aside Although it opened higher yesterday, the euro failed to hold gains and pulled back once again from $1.400 – testing support around 1.3850 while writing this. Short-term sentiment is not affected and 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
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: Don’t gain the world and lose your soul, wisdom is better than silver or gold. — Bob Marley EURUSD Trading strategy: long at 1.3510, stop at 1.3440(0.5% risk), 1st objective at 1.3560, 2nd objective at 1.3650 The dollar stays weaker against its counterparts and the euro managed to break above 1.3500, Read More
Quote of the day: An expert is a man who tells you a simple thing in a confused way in such a fashion as to make you think the confusion is your own fault. — William Castle EURUSD Trading strategy: long at 1.3510, stop at 1.3440(0.5% risk), 1st objective at 1.3560, 2nd objective at 1.3630 Read More
Quote of the day: Fall seven times, stand up eight. — Japanese Proverb EURUSD Trading strategy: long at 1.3370, stop at 1.3310 (0.5% risk), 1st objective at 1.3420, 2nd objective at 1.3500 The euro is giving back some gains and reached a session low at 1.3285 in Asian session – downside being limited by former Read More
Quote of the day: A bank is a place that will lend you money if you prove that you don’t need it. — Bob Hope EURUSD Trading strategy: long at 1.3330, stop at 1.3260(0.5% risk), 1st objective at 1.3380, 2nd objective at 1.3460 Dollar’s weakness continues as the euro hits a 5-month top at 1.3440 Read More
Quote of the day: Continuous effort, not strength or intelligence, is the key to unlocking our potential. — Winston Churchill EURUSD Trading strategy: long at 1.3200, stop at 1.3170(0.5% risk), 1st objective at 1.3250, 2nd objective at 1.3330 The greenback fell against its major counterparts after Fed said yesterday that it “will provide additional accommodation Read More
- Continue reading: Euro rallies to 1.330 and Gold approaches 1300
Quote of the day: If a man does his best, what else is there? — General George S. Patton EURUSD Trading strategy: standing aside The euro pulled back from recent top at 1.3160 on Friday but it found support around former resistance at 1.3040. Although it maintains gains, we should keep an eye on the Read More
- Continue reading: Euro consolidating above support at 1.3040
Quote of the day: You don’t get anything clean without getting something else dirty. — Cecil Baxter EURUSD Trading strategy: standing aside Another week is almost over and the euro is up more than 3% against the U.S. dollar and it is currently flirting with 1.3150. The break above 1.2900 few days ago suggested further Read More
Quote of the day: Enjoy your achievements as well as your plans. – Max Ehrmann EURUSD Trading strategy: long at 1.2940, stop at 1.2870 (0.5% risk), 1st objective at 1.32990, 2nd objective at 1.3080 The euro extended its gains and breached above 1.2900 — thus confirming uptrend’s continuation. Now that the short-term studies are bullish Read More
- Continue reading: Daily forex analysis: EURUSD’s short-term bias turning bullish
Quote of the day: In the beginner’s mind there are many possibilities, but in the expert’s mind there are few — Shunryu Suzuki EURUSD Trading strategy: long at 1.2905 on hourly bar closed above 1.2900, stop at 1.2830(0.5% risk), 1st objective at 1.2955, 2nd objective at 1.3005 The 1.2900 interim barrier comes under pressure as Read More
- Continue reading: Daily analysis: Euro ready to break above 1.29
Quote of the day: There is no worse lie than a truth misunderstood by those who hear it. — William James EURUSD Trading strategy: long at 1.2750, stop at 1.2680 (0.5% risk), 1st objective at 1.2800, 2nd objective at 1.2900 Some more upside action is possible now that the consolidation between 1.2660 and 1.2760 is Read More
- Continue reading: Daily forex analysis and strategies 9-13-10
Quote of the day: Good judgment comes from experience and experience comes from bad judgment. — Fred Brooks Are you on Facebook? If so, you can join innerfx there EURUSD Trading strategy: short at 1.2660, stop at 1.2720(0.5% risk), 1st objective at 1.2610, 2nd objective at 1.2560 The upside barrier around 1.2770 was retested yesterday Read More
- Continue reading: Daily forex analysis and strategies 9-10-10
Quote of the day: It has become appallingly obvious that our technology has exceeded our humanity. — Albert Einstein EURUSD Trading strategy: short at 1.2675 on hourly close below 1.2670, stop at 1.2735(0.5% risk), 1st objective at 1.2625, 2nd objective at 1.2550 Former support around 1.2770 was tested and held, as I was expecting in Read More
- Continue reading: Daily forex analysis and strategies 9-9-10
Quote of the day: Leadership is a privilege to better the lives of others. It is not an opportunity to satisfy personal greed. — Mwai Kibaki EURUSD Trading strategy: short at 1.2780, stop at 1.2850(0.5% risk), 1st objective at 1.2730, 2nd objective at 1.2650 The euro is approaching last week’s bottom as intra-day support failed Read More
- Continue reading: Daily forex analysis and strategies 9-8-10
Quote of the day: A deception that elevates us is dearer than a host of low truths. — Marina Tsvetaeva EURUSD Trading strategy: small long at 1.2740, stop at 1.2680 (0.5% risk), objective at 1.2900 The euro recovered some losses, breaking above the 1.2750 resistance region, following the risk pairs which rallied yesterday. Euro’s recovery Read More
- Continue reading: Daily analysis and trading strategies 9-2-10
Quote of the day: What’s the difference between Investment Bankers and London Pigeons? The Pigeons are still capable of making deposits on new BMW’s — Rob, a trader from the U.K. EURUSD Trading strategy: small short at 1.2590, stop at 1.2660 (0.5% risk), objective at 1.2490 Not much is new under the sun since yesterday Read More
- Continue reading: Daily analysis and trading strategies 8-25-10
Quote of the day: The best minds are not in government. If any were, business would hire them away. — Ronald Reagan EURUSD Trading strategy: small short at 1.2730, stop at 1.2790(0.5% risk), objective at 1.2610 The euro fell for 4th day against the dollar, approaching the median retracement of last upward swing from 1.1875 Read More
- Continue reading: Daily analysis and trading strategies 8-24-10
EURUSD Trading strategy: small long at 1.2910 on break on hourly bar closed above 1.2900, stop at 1.2840(0.5% risk), objective at 1.3030 Although yesterday’s attempt to reach 1.2900 was limited by 1.2870, the euro maintains its bid tone hovering near 1.2850 ahead of today’s German ZEW Economic Sentiment which is the most notable event in Read More
- Continue reading: Daily analysis and trading strategies 8-17-10
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