Tag Archives: EUR

5MADT – Another Win – June 7

Trading in EUR/USD overnight was perfect for the Five Minutes a Day Trading strategy. The buy order was triggered by the barest of margins, 0.3 of a pip!. The  market then marched steadily to the take profit level (and beyond). … Continue reading

Rate this:

Posted in Forex, Market, Trading | Tagged , , , , , , , | Leave a comment

5MADT – Miss, but Still in the Black – June 6

A stone cold stop out last night. One from three wins so far – the strategy must average one from four to make a profit. In the February campaign, there were nine losses in a row before a late month … Continue reading

Rate this:

Posted in Forex, Market, Trading | Tagged , , , | 6 Comments

Five Minute Trading – Just Missed – June 5

The 5MADT trading strategy just missed last night. The market traded lower from our reference point, but missed triggering the buy order by 1.5 points, then rallied hard, triggering the sell order and then the stop loss in quick succession. … Continue reading

Rate this:

Posted in Forex, Market, Trading | Tagged , , , , , | 5 Comments

Aussie Dollar; New Zealand Dollar and Eurodollar – Cypher Patterns.

Guest Post by DV 34 Something a little different… for those interested in pattern trading  It is called the Cypher Pattern and sometimes referred to as a Royal Canadian. Unfortunately I do not know who discovered this pattern so cannot … Continue reading

Rate this:

Posted in Forex, Trading | Tagged , , , , , , , | 4 Comments

Buy EUR/USD on Incompetence

Just when it seemed safe to re-enter the Mediterranean waters, European finance ministers have found another way to de-stabilise the global financial markets. However, the immediate response to plans to dip into depositers savings to cover a funding gap appeared … Continue reading

Rate this:

Posted in Forex, Market, Trading | Tagged , , , , | 1 Comment

Sell EUR/USD on Jobs

Fundamental strength in the USD, a clear trend break, and a “trigger” in the form of US non-farm payrolls (NFP) numbers tonight ticks a lot of trading boxes.

Rate this:

Posted in Forex, Trading | Tagged , , , , , , , | 2 Comments

Die AUD Die

An interest rate cut didn’t do it. Weak economic data didn’t do it. What will it take for the AUD to fall? Traders at investment banks are largely expecting a fall in AUD, based mainly on the drop in Australia’s terms of trade … Continue reading

Rate this:

Posted in Forex, Market, Trading | Tagged , , , , , | 3 Comments

Pairs Trade – EUR/USD and GOLD

Pairs analysis sometimes throws up surprising results. Today’s trade is a case in point. Current market consensus suggests neither of the individual legs has appeal – but analysis points to a potential profit in a shift in relative value between … Continue reading

Rate this:

Posted in Forex, Gold, Market, Trading | Tagged , , , , , , | 2 Comments

Big Picture Buy on Euro

While the following may not be the plainest setups you will ever see they are powerful in any case. The big advantage with them is the help they will give you an understnding of key support and resistance levels that … Continue reading

Rate this:

Posted in Forex, Uncategorized | Tagged , , , , ,

Sell EUR/AUD on Position Break

The EUR/AUD traded a solid up trend from 1.1600 to 1.2550 – an impressive nine big figure climb a colleague described as “the gift that keeps on giving”. However, there’s a clear trend break on the charts, and combined with … Continue reading

Rate this:

Posted in Forex, Market, Trading | Tagged , , , ,