Plans are only good intentions unless they immediately degenerate into hard work. ~ Peter Drucker Good morning. It’s that day of the month again, when everyone is waiting for the release of NFP report, which is expected by analysts to post a figure around 150k. Most currency pairs are trading quietly since yesterday, ahead of today’s Read More
More Downside for Euro?
Quote of the day:“The beginning of knowledge is the discovery of something we do not understand.” ~ Frank Herbert Good morning. The euro backed away from a fresh multi-week top zone above $1.45 and has slipped back to support region formed by the rising trendline connecting recent higher lows – best seen in the 4-hrs chart Read More
A Few Setups to Watch 6/28/11
Hello again. Here’s a couple of interesting setups brewing these days EURGBP EURGBP daily chart 6-28-2011 EURGBP 4hrs chart 6-28-2011 GBPUSD GBPUSD daily chart 6-28-2011 NZDUSD NZDUSD daily chart 6-28-2011 Will add more soon. Cheers!
Setups to Watch This Week 6/13/11
Greetings. There are some setups worth watching in the coming days, such as the following: GBPUSD: recent sell-offs are suggesting that more pressure on the trendline around 1.6150 is likely, and current lower-highs formation is intact – therefore keep an eye on the highlighted resistance zone if current recovery continues. I think it’s worth looking Read More
Daily Charts to Watch 5/12/11
Greetings. Here’s a quick update on yesterday’s charts and some new charts worth a look: GBPUSD: the declined has continued continued for 100 points today, as yesterday’s close confirmed a pinbar. However, support at 62% fib retrace value of the move from 1.5930 to 1.6740 is intact, as dollar lost ground across the board. I Read More
Daily Charts to Watch 5/11/11
Some interesting daily charts & potential setups: GBPUSD GBPUSD daily chart 5-11-2011 NZDUSD NZDUSD daily chart 5-11-2011 GBPJPY GBPJPY daily chart 5-11-2011 EURGBP EURGBP daily chart 5-11-2011 USDNOK USDNOK daily chart 5-11-2011 What other setups are you watching?
Charts To Watch In The Coming Days 5/03/11
Here are some interesting charts to watch in the coming days. Less words, more charts! EURJPY EURJPY daily chart 5-3-2011 EURGBP EURGBP daily chart 5-3-2011 EURCHF EURCHF daily chart 5-3-2011
- Continue reading: Charts To Watch In The Coming Days 5/03/11
Short-term Charts Update and Interesting Setups
Hello. Here is a quick update to some of the short-term charts & setups I’ve posted 9 days ago but some new ones, too. EURJPY EURJPY daily chart 2-15-2011 EURJPY weekly chart 2-15-2011
- Continue reading: Short-term Charts Update and Interesting Setups
Weekend Thoughts and Some Setups
“I’m always thinking about losing money as opposed to making money. Don’t focus on making money, focus on protecting what you have” - Paul Tudor Jones Hello. I hope you are having a great weekend. It’s been an interesting week in the Forex market, with some large movements on both sides across the board. Let’s look Read More
Evening thoughts, setups and links
“For a trader, winning is extremely dangerous if you haven’t learned how to monitor and control yourself.” – Mark Douglas Good evening. As promised yesterday, I’m back on my good old desktop PC to share some thoughts on charts and setups – including the ones I posted on Monday. Let’s start with EURUSD. As I Read More
Some Setups and Evening Links
Good evening. As promised earlier today – I’m back, posting some interesting setups I’m watching lately. GBPUSD GBPUSD daily chart 1-31-2011 Silver Silver daily chart 1-31-2011
Evening thoughts and short-term update
“I think that gravity sets into everything, including careers, but pendulums do swing and mountains do become valleys after a while… if you keep on walking.” – Sylvester Stallone Good evening. I hope everyone is fine today. It’s been an interesting day, so far, as the dollar continued to depreciate across the board and some Read More
Some Quick Charts and Setups
Hello. As promised in my morning post, I’m back – posting some short-term charts, most of them being updates to those posted on Monday afternoon (and GBPUSD from Monday morning article) GBPUSD GBPUSD daily chart 1-13-2011
euro resuming its decline
Quote of the day: History, in general, only informs us of what bad government is. – Thomas Jefferson EURUSD Trading strategy: looking to sell at 1.3260, stop at 1.3320, 1st objective at 1.3210, 2nd objective at 1.3110 1.3400 capped the upside yesterday and the euro is back below 1.33 and Monday’s bottom. The Irish government Read More
Ireland’s parliament voting on its budget
Quote of the day: We will bankrupt ourselves in the vain search for absolute security. – Dwight D. Eisenhower EURUSD Trading strategy: standing aside Support was found yesterday around 1.3250 and the euro recovered, trading back into the 1.33 region but still below Friday’s top side. Ireland’s Parliament will vote today on its budget and Read More
- Continue reading: Ireland’s parliament voting on its budget
Time to look below 1.3?
Quote of the day: No sense makes sense. – Charles Manson EURUSD Trading strategy: looking to sell on pullback to 1.3200, stop at 1.3260, 1st objective at 1.3150, 2nd objective at 1.3050 The euro continues to drop towards $1.300 while all upside pullbacks are sold. Yesterday’s test against 1.3300 was yet another opportunity to join Read More
The dollar continues to fall
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
Daily forex analysis: the consolidation continues
Quote of the day: The pure and simple truth is rarely pure and never simple. — Oscar Wilde EURUSD Trading strategy: long at 1.2930, stop at 1.2860 (0.5% risk), 1st objective at 1.2970, 2nd objective at 1.3080 The euro is consolidating into a tight range around 1.2990 – upside being capped by 1.3030. Upside is Read More
- Continue reading: Daily forex analysis: the consolidation continues
Daily analysis and trading strategies 9-6-10
Quote of the day: If all economists were laid end to end, they would not reach a conclusion. – George Bernard EURUSD Trading strategy: standing aside The euro managed to reach 1.2900 on Friday’s NFP release which came at -54k. Although 1.2900 currently caps the upside, the euro is set to strengthen – breaking above Read More
- Continue reading: Daily analysis and trading strategies 9-6-10
Daily analysis and trading strategies 9-3-10
EURUSD Trading strategy: small long at 1.2780, stop at 1.2720(0.5% risk), 1st objective at 1.2830, 2nd objective at 1.2900 The euro is relatively quiet since yesterday, trading in a narrow range of 70 points, but holding gains above 1.2800. Upside is slightly favored and a pullback may provide a buying opportunity if former resistance at Read More
- Continue reading: Daily analysis and trading strategies 9-3-10
Daily analysis and trading strategies 9-1-10
EURUSD Trading strategy: standing aside Range-bound trading continues as the upside was capped by 1.2740 yesterday but support around 1.2650 was also stable. Recent euro’s losses against the Swiss franc and the yen are contributing to its weakness against the dollar, too – and current EURCHF and EURJPY studies don’t look too good to those Read More
- Continue reading: Daily analysis and trading strategies 9-1-10
Daily analysis and trading strategies 8-25-10
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
Daily analysis and trading strategies 8-2-10
Quote of the day: The only sure thing about luck is that it will change. — Wilson Mizner EURUSD Trading strategy: standing aside Friday’s pullback towards the 1.2970 support zone was short-lived – once again confirming current uptrend’s strength on a short-term basis. More range-bound action is likely while 1.3100 caps the upside and potential Read More
- Continue reading: Daily analysis and trading strategies 8-2-10
Daily analysis and trading strategies 7-29-10
EURUSD Trading strategy: small long at 1.3050 on hourly close above 1.3045, stop at 1.2980 (0.5% risk), 1st objective at 1.3100, 2nd objective at 1.3200 The euro continues to consolidate into a narrow range around the 1.300 level, therefore the upside remains favored for now but a bullish close above 1.3050 has yet to be Read More
- Continue reading: Daily analysis and trading strategies 7-29-10
Daily analysis and trading strategies 7-28-10
EURUSD Trading strategy: small long at 1.3050 on hourly close above 1.3045, stop at 1.2980 (0.5% risk), 1st objective at 1.3100, 2nd objective at 1.3200 The euro continues to orbit around 1.3000 and yesterday’s dip to 1.2950 was short-lived, therefore the upside remains in focus for now as most signs are pointing North. Potential pullbacks Read More
- Continue reading: Daily analysis and trading strategies 7-28-10
Daily analysis and trading strategies 7-27-10
EURUSD Trading strategy: small long at 1.2960, stop at 1.2880(0.5% risk), 1st objective at 1.3010, 2nd objective at 1.3100 Fresh upside targets are in focus as the euro climbed higher yesterday and managed to stabilize around the $1.3 handle in overnight trading session. The full break above 1.3000 is in the cards and in case Read More
- Continue reading: Daily analysis and trading strategies 7-27-10
Daily analysis and trading strategies 6-30-10
Quote of the day: If I owe you a pound, I have a problem; but if I owe you a million, the problem is yours. — John Maynard Keynes EURUSD Trading strategy: small short at 1.2290, stop at 1.2360 (0.5% risk), 1st objective at 1.2230, 2nd objective at 1.2100 Support at 1.2150 came under pressure Read More
- Continue reading: Daily analysis and trading strategies 6-30-10
Daily analysis and trading strategies 6-29-10
EURUSD Trading strategy: small short at 1.2300, stop at 1.2370 (0.5% risk), objective at 1.2200 Downside pressure is high again as the euro is falling across the board – printing record lows against the CHF (currently at 1.3305); also near recent bottom against the JPY and below .8200 support against the GBP – testing support Read More
- Continue reading: Daily analysis and trading strategies 6-29-10
Daily analysis and trading strategies 6-25-10
EURUSD Trading strategy: small short at 1.2425, stop at 1.2485 (0.5% risk), objective at 1.2325 The euro is little changed against the dollar since yesterday’s morning – holding gains above minor intra-day support at 1.2300 for now. Yesterday’s rally to 1.2390 was short-lived but on short-term basis, the upside remains slightly favored – important upside Read More
- Continue reading: Daily analysis and trading strategies 6-25-10
Daily analysis and trading strategies 6-22-10
EURUSD Trading strategy: standing aside The euro lost ground yesterday, pulling back from 1.2460 to as low as 1.2285, following EUR/JPY as the yen strengthened on speculation European banks will struggle to raise money amid the debt region’s crisis. Despite the 190 points pullback, the euro is still in a bullish configuration against the dollar Read More
- Continue reading: Daily analysis and trading strategies 6-22-10
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