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Daily analysis and trading strategies 9-2-10
10 responses - Posted 09.02.10
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. ...continue
10 responses - Posted 09.02.10
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. ...continue
Daily analysis and trading strategies 8-31-10
no responses - Posted 08.31.10
EURUSD Trading strategy: small short at 1.2720, stop at 1.2780(0.5% risk), objective at 1.2620 Support at 1.2650 is again under pressure as the euro failed to maintain its course, erasing most of last week's gains. Next downside barrier comes below 1.2650 at 1.2590/05 which is also the 50% retracement of 1.1875-1.3335. Short-term ...continue
no responses - Posted 08.31.10
EURUSD Trading strategy: small short at 1.2720, stop at 1.2780(0.5% risk), objective at 1.2620 Support at 1.2650 is again under pressure as the euro failed to maintain its course, erasing most of last week's gains. Next downside barrier comes below 1.2650 at 1.2590/05 which is also the 50% retracement of 1.1875-1.3335. Short-term ...continue
Daily analysis and trading strategies 8-30-10
no responses - Posted 08.30.10
EURUSD Trading strategy: standing aside Euro's consolidation above 1.2700 continues but its recovery is still modest, upside being capped by 1.2770 - following the EURJPY which is facing resistance around former support zone, at 109.25. Short-term studies are bearish while the pair is trading below 1.2900 and its recovery being weak. Interim ...continue
no responses - Posted 08.30.10
EURUSD Trading strategy: standing aside Euro's consolidation above 1.2700 continues but its recovery is still modest, upside being capped by 1.2770 - following the EURJPY which is facing resistance around former support zone, at 109.25. Short-term studies are bearish while the pair is trading below 1.2900 and its recovery being weak. Interim ...continue
Daily analysis and trading strategies 8-25-10
2 responses - Posted 08.25.10
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 ...continue
2 responses - Posted 08.25.10
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 ...continue
Daily analysis and trading strategies 8-23-10
no responses - Posted 08.23.10
Quote of the day: Patience and perseverance have a magical effect before which difficulties disappear and obstacles vanish. -- John Quincy Adams EURUSD Trading strategy: small short at 1.2770, stop at 1.2840(0.5% risk), objective at 1.2650 The euro weakened across the board and breached below the bear flag formation against the dollar - ...continue
no responses - Posted 08.23.10
Quote of the day: Patience and perseverance have a magical effect before which difficulties disappear and obstacles vanish. -- John Quincy Adams EURUSD Trading strategy: small short at 1.2770, stop at 1.2840(0.5% risk), objective at 1.2650 The euro weakened across the board and breached below the bear flag formation against the dollar - ...continue
Daily analysis and trading strategies 8-20-10
no responses - Posted 08.20.10
EURUSD Trading strategy: standing aside The euro failed once again to take out the 1.2900 barrier yesterday, so the range bound action continues between 1.2780/00 and 1.2900. As we can see in the chart below, we have a bear flag formation and its lower limit is again under pressure at the time ...continue
no responses - Posted 08.20.10
EURUSD Trading strategy: standing aside The euro failed once again to take out the 1.2900 barrier yesterday, so the range bound action continues between 1.2780/00 and 1.2900. As we can see in the chart below, we have a bear flag formation and its lower limit is again under pressure at the time ...continue
Daily analysis and trading strategies 8-19-10
no responses - Posted 08.19.10
EURUSD Trading strategy: standing aside Another failed attempt to break above 1.2900 occurred yesterday although the euro rallied to as high as 1.2920 before weakening throughout the US trading session. The appreciation to 1.2920 was a result of following the Pound which rallied coming behind the BoE minutes. As I said yesterday ...continue
no responses - Posted 08.19.10
EURUSD Trading strategy: standing aside Another failed attempt to break above 1.2900 occurred yesterday although the euro rallied to as high as 1.2920 before weakening throughout the US trading session. The appreciation to 1.2920 was a result of following the Pound which rallied coming behind the BoE minutes. As I said yesterday ...continue
Daily analysis and trading strategies 8-18-10
no responses - Posted 08.18.10
Quote of the day: Information is the currency of democracy. -- Thomas Jefferson EURUSD Trading strategy: standing aside 1.2900 provided resistance once again yesterday and the euro failed to climb higher, despite several attempts. Intra-day sentiment is currently bearish although the pair trades around same levels as yesterday's morning, but downside pressure seems ...continue
no responses - Posted 08.18.10
Quote of the day: Information is the currency of democracy. -- Thomas Jefferson EURUSD Trading strategy: standing aside 1.2900 provided resistance once again yesterday and the euro failed to climb higher, despite several attempts. Intra-day sentiment is currently bearish although the pair trades around same levels as yesterday's morning, but downside pressure seems ...continue
Daily analysis and trading strategies 8-17-10
no responses - Posted 08.17.10
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 ...continue
no responses - Posted 08.17.10
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 ...continue
Daily analysis and trading strategies 8-16-10
no responses - Posted 08.16.10
Quote of the day: Earth provides enough to satisfy every man's need, but not every man's greed -- Mahatma Gandhi EURUSD Trading strategy: small short at 1.2880, stop at 1.2960(0.5% risk), objective at 1.2730 Euro's recovery on Friday was again limited by 1.2900 and the 3 weeks gains were cut in a ...continue
no responses - Posted 08.16.10
Quote of the day: Earth provides enough to satisfy every man's need, but not every man's greed -- Mahatma Gandhi EURUSD Trading strategy: small short at 1.2880, stop at 1.2960(0.5% risk), objective at 1.2730 Euro's recovery on Friday was again limited by 1.2900 and the 3 weeks gains were cut in a ...continue