Sep 24, 2010

EURJPY Long Trade on September 24, 2010 This is one of the clearest trades I’ve ever entered in my life.  Here’s a few reasons why.  I’ve been taught and teaching myself over and over that if price moves very near these special areas of support and resistance AND we are far enough away from the day’s high/low, then its a good risk to...

Jun 18, 2010

EUR/USD stayed in tight range above 1.2143 last week as consolidations continued. More sideway trading cannot be ruled out. But in case of another rise, we’d expect upside to be limited by 38.2% retracement of 1.3691 to 1.2143 at 1.2734 and bring fall resumption. On the downside, decisive break of 1.2143 will confirm down trend resumption and should ...