FOREX DAWN| EUR/GBP Setup

This should have gone up yesterday but I ran out of time, anyway as I always point out this blog is about learning not signals. As time moves on we are building up a proven history of how this breakout strategy keeps on working, and the reason it keeps working is because we are following the big money. They decide, we follow.

A pretty straightforward breakdown of support from a ranging condition, the attempts at a move higher in price not hooking us in, as the overall trend is most obviously down. On a 5min chart you could have gotten in a little earlier trading a breakout of a smaller range within the

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June 3rd, 2010 | Category: Guest Analyst, Technical Analysis | Leave a comment

FOREX DAWN| Euro Zone Imports and Exports

Europe, if it didn’t already exist you’d be hard pressed to come up with such a unique creation of civilization. It’s history is ageless but one of the major themes that has been present through practically all of that tale, is trade. The buying and selling of things is a very strong foundation in our evolutionary lives, and has immediate and long term ramifications for all societies. For those of us who have chosen to buy and sell currencies the ‘immediate’ is where our objectives are focused, but nevertheless it is sometimes interesting to look at the bigger buying and selling picture to understand potential new general economic trends that may

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June 2nd, 2010 | Category: Guest Analyst | Leave a comment

Using Daily Pivots

I go over not only daily pivots, but also how to use them together with support/resistance and fib. lines to find trade setups. Here’s how

June 1st, 2010 | Category: My Trades, Technical Analysis, Using Pivots | Leave a comment

EUR/USD Wrap Up for June 2

After a very uneventful day yesterday the market exploded back to life today during both the European and NY sessions. The trading day began with serious market jitters over a multitude of problems: European stocks went down sharply (FTSE and DAX around 2%), oil off around 2 bucks, worries over health of euro zone banks, worries over France’s AAA rating, worries over China’s growth, worries over BP oil spill. Risk aversion remains very high.

With regards to the health of the euro banks I just mentioned, the European Central Bank sent announced last night that banks in the eurozone nations faced having to write off another €195 billion in bad loans

Continue reading–>EUR/USD Wrap Up for June 1

June 1st, 2010 | Category: Fundamental Analysis, Technical Analysis | 2 comments
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