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Daily analysis and trading strategies 5-6-10
no responses - Posted 05.06.10
Quote of the day: Every wave, regardless of how high and forceful it crests, must eventually collapse within itself. -- Stefan Zweig EURUSD Trading strategy: standing aside Another day, another leg down - the euro reached a fresh 15-month low at 1.2763 at time of writing, bringing the long-term support trend line from ...continue
no responses - Posted 05.06.10
Quote of the day: Every wave, regardless of how high and forceful it crests, must eventually collapse within itself. -- Stefan Zweig EURUSD Trading strategy: standing aside Another day, another leg down - the euro reached a fresh 15-month low at 1.2763 at time of writing, bringing the long-term support trend line from ...continue
Daily analysis and trading strategies 5-5-10
no responses - Posted 05.05.10
Quote of the day: If things go wrong, don't go with them. -- Roger Babson EURUSD Trading strategy: looking to sell at 1.3100, stop at 1.3160 (1% risk), objective at 1.3000 The euro continued to collapse on speculation the crisis that began in Greece is spreading - Spain being in focus due to ...continue
no responses - Posted 05.05.10
Quote of the day: If things go wrong, don't go with them. -- Roger Babson EURUSD Trading strategy: looking to sell at 1.3100, stop at 1.3160 (1% risk), objective at 1.3000 The euro continued to collapse on speculation the crisis that began in Greece is spreading - Spain being in focus due to ...continue
Daily analysis and trading strategies 5-4-10
no responses - Posted 05.04.10
EURUSD Trading strategy: standing aside The euro lost more than 1% against the dollar yesterday and the opening gap at 1.3360 was a good opportunity for sellers to initiate their positions again. 1.3200/10 provides intra-day resistance after holding for few hours, as support. In case of a bounce 1.3260/80 might be the ...continue
no responses - Posted 05.04.10
EURUSD Trading strategy: standing aside The euro lost more than 1% against the dollar yesterday and the opening gap at 1.3360 was a good opportunity for sellers to initiate their positions again. 1.3200/10 provides intra-day resistance after holding for few hours, as support. In case of a bounce 1.3260/80 might be the ...continue
Daily analysis and trading strategies 3-9-10
2 responses - Posted 03.09.10
Quote of the day: Good ideas are not adopted automatically. They must be driven into practice with courageous patience. -- Hyman Rickover EURUSD The downward trend line coming from 1.3840, now around 1.3700 - provided an intra-day reversal point again, limiting gains on last euro's attempt to climb higher. Support on the ...continue
2 responses - Posted 03.09.10
Quote of the day: Good ideas are not adopted automatically. They must be driven into practice with courageous patience. -- Hyman Rickover EURUSD The downward trend line coming from 1.3840, now around 1.3700 - provided an intra-day reversal point again, limiting gains on last euro's attempt to climb higher. Support on the ...continue
Daily outlook in fewer words 11-26-09
1 response - Posted 11.26.09
Quote of the day: A clear vision, backed by definite plans, gives you a tremendous feeling of confidence and personal power. -- Brian Tracy EURUSD Trading strategy: stand aside Yesterday's rally above the 1.5000/60 region looks good to me as I've been calling for euro's break higher quite a few times lately. Also, ...continue
1 response - Posted 11.26.09
Quote of the day: A clear vision, backed by definite plans, gives you a tremendous feeling of confidence and personal power. -- Brian Tracy EURUSD Trading strategy: stand aside Yesterday's rally above the 1.5000/60 region looks good to me as I've been calling for euro's break higher quite a few times lately. Also, ...continue
Daily outlook in fewer words 11-25-09
1 response - Posted 11.25.09
Quote of the day: Forgetting your mistakes is a terrible error if you are trying to improve your cognition. -- Charlie Munger EURUSD Trading strategy: stand aside Upside pressure is high as the euro trades near the 1.50 handle. Both short-term and intra-day charts call for higher highs. Watch the 1.5050/60 region for ...continue
1 response - Posted 11.25.09
Quote of the day: Forgetting your mistakes is a terrible error if you are trying to improve your cognition. -- Charlie Munger EURUSD Trading strategy: stand aside Upside pressure is high as the euro trades near the 1.50 handle. Both short-term and intra-day charts call for higher highs. Watch the 1.5050/60 region for ...continue
a week ahead (11/16-11/20)
3 responses - Posted 11.15.09
Short term outlook for EURUSD, NZDUSD, USDCAD and EURCHF [polldaddy poll=2258357] EURUSD Uptrend remains intact as the euro managed to stabilize above 1.4850, recovering some of its losses on Friday, but downside pressure and incertitude are likely to continue if a daily close above 1.4990/00 won't occur within the coming days - such ...continue
3 responses - Posted 11.15.09
Short term outlook for EURUSD, NZDUSD, USDCAD and EURCHF [polldaddy poll=2258357] EURUSD Uptrend remains intact as the euro managed to stabilize above 1.4850, recovering some of its losses on Friday, but downside pressure and incertitude are likely to continue if a daily close above 1.4990/00 won't occur within the coming days - such ...continue
Daily outlook and trading strategies 09-03-09
1 response - Posted 09.03.09
EURUSD Trading strategy: stand aside The euro recovered half of the recent losses on yesterday, being supported by 1.4200. The European fx trading session will probably be quiet ahead of ECB Interest Rate decision and Trichet's speech later today. As stated on my yesterday's report, while 1.4200 holds - short term sentiment ...continue
1 response - Posted 09.03.09
EURUSD Trading strategy: stand aside The euro recovered half of the recent losses on yesterday, being supported by 1.4200. The European fx trading session will probably be quiet ahead of ECB Interest Rate decision and Trichet's speech later today. As stated on my yesterday's report, while 1.4200 holds - short term sentiment ...continue
Daily outlook and trading strategies 09-02-09
2 responses - Posted 09.02.09
EURUSD Trading strategy: stand aside or long at 1.4055 if we get there, stop at 1.4015, objective at 1.4125. Adjust stop to breakeven on +30 pips (at 1.4085) if reached The euro has been dragged to lows into the 1.4180 region on yesterday's pullback but the support on the 1.4200 handle remains ...continue
2 responses - Posted 09.02.09
EURUSD Trading strategy: stand aside or long at 1.4055 if we get there, stop at 1.4015, objective at 1.4125. Adjust stop to breakeven on +30 pips (at 1.4085) if reached The euro has been dragged to lows into the 1.4180 region on yesterday's pullback but the support on the 1.4200 handle remains ...continue
Daily outlook and trading strategies 09-01-09
1 response - Posted 09.01.09
EURUSD Trading strategy: stand aside Support formed by the rising trend line coming from 1.4045 has provided a reversal point on yesterday's downside test and the euro holds steady into the 1.4350 region, 50 points below last week's top side. Above 1.4000, next upside barrier is emerging at 1.4045/50 which is also ...continue
1 response - Posted 09.01.09
EURUSD Trading strategy: stand aside Support formed by the rising trend line coming from 1.4045 has provided a reversal point on yesterday's downside test and the euro holds steady into the 1.4350 region, 50 points below last week's top side. Above 1.4000, next upside barrier is emerging at 1.4045/50 which is also ...continue