Tag Archives: Euro
A.M. Look 1/24/11
Spu,Gold,& Silver have all probed both sides of the market last night. The Euro is in a near term support zone. It seems way too early to pick a side without further price action. Be patient and let the day … Continue reading
A.M. Look 1/21/11
Euro…We got stopped out of the Euro with a push to a small loss depending on your execution. Long Euro/short everything will continue to be the feature for the rest of the day. Close attention should be paid to these … Continue reading
Euro
This currency, as previously stated, is just the wrong way on every cross. It is my firm belief that this currency has major fleas,however It seems prudent to lower the stop to around break-even with a 135 cash stop.
A.M. Look 1/20/11
Bonds..They act like whale duty floating at the bottom of the Ocean. Until they close higher on the year stay the course. We’ve had enough positive scalps here that we’ll close our eyes and let the market take us out. … Continue reading
Euro
Having tortured myself once this a.m. shorting the Euro, I want to try it small with a broader stop over today’s high. Bigger risk= smaller position
A.M. Look 1/19/11
Good Morning and welcome to this months episode of Full Moon Trading. Today I have four levels of interest. 1) Euro @ 135…this is a potential double top level on a monthly chart. This is a low risk level to … Continue reading
A.M. Look 1/18/11
The Euro areas are well defined, 132.50 below and 134.40 ish on top. Price action above 134.40 will lead to further gains. The Sterling has exceeded it’s 1st upside tgt of 160. Only a couple of closes over 161.70 will … Continue reading
EUR/JPY
110.30 is the closing level this week for an outside reversal close to the upside. It’s also 50% in the middle of nowhere for the past 6 months range, however this cross should be monitored for straight Euro traders. A … Continue reading
A.M. Look 1/13/11
EUR/CHF has been the feature last night as it has been running the Euro for the past week. How big of a correction will this turn into? There could be 2 more figures in this cross or 10 depending upon … Continue reading
A.M. Look 1/12/11
The Aussie,Aud/Cad,Euro have all reached their first set of downside tgt’s yesterday or last night. Currency traders should be patient and wait for good re-tracement levels to try the short side again. The market needs a little time to see if the … Continue reading