Post Tagged with: "range trading"
Trade Responsibly Chapter 2: Trade With the Trend
You’ve probably heard the expression: “Make the trend your friend”. For many, this basic idea has already been forgotten and regarded as yet another cliché. Nevertheless, it is still very relevant. If your system involves looking at 1 hour charts, check out the 4 hours charts and the daily charts to get the bigger picture.
Trading in Range or Catching Breakouts?
Do you prefer to range with the pair or await a breakout and ride on it? The answer to the question depends on quite a few factors, with the most important one being the trader’s own experience. Some pairs trade in a flat range for quite a long time. The trader can wait for the
EUR/USD – Bullish Hints Inside the Range?
EUR/USD is trading in a range for over a month. While the long term trend is bearish, some bullish hints can be found within this range. Since February 4th, EUR/USD plunged into a range between 1.3423 to 1.3850. At the beginning the trend in the hourly charts was negative. On February 19th, the bottom line
EUR/USD – New Week, New Lower Range
EUR/USD dipped below another important support line and is getting used to a new range. Will it settle in a lower range next week? Not so fast. Here’s an updated technical look at EUR/USD. The reasons for the fall start in Greece and end at Washington or Beijing – the EUR/USD bears are everywhere. But
EUR/USD Badly Positioned for the NFP
Close to the release of the all-important Non-Farm Payrolls, the Euro got some bad news and is now closer to the bottom of the range. Here’s an update. The European Unemployment Rate disappointed with a rise to 10%. This rise was worse than early expectations for a rise to 9.9%. We also found out that
EUR/USD enjoys good figures. Where next?
Contrary to last week’s behavior, the Euro rides higher on good figures, and says goodbye to the range once again. Is this another temporary swing? Or is the next target, of 1.5283 already marked? Also the rising Pending Home Sales in the US help the Euro, as the feeling of world recovery makes the “safe
Euro gets good figures but fails to break – Is a fall coming?
Good figures sent the Euro higher today, but failed to take it out of the range. How long will this last? Are the dollar bulls ready to rage? Preliminary GDP proved correct in Germany. The 0.7% growth that was reported for Q3 was confirmed today with the final GDP release. German Ifo Business Climate exceeded
Forex Daily Outlook – November 24th 2009
After some dollar weakness but continuing range trading, at least for EUR/USD, an extremely busy day expects traders: revised GDP in the US, and Germany are only a few of the upcoming events in this long day. Here’s the (long) daily outlook: Japan’s BOJ Monthly Report starts the day, with an insight into the economy.
Dollar fights back – weekly roundup
The dollar isn’t giving up so easily. This sent some currencies down, while others are stuck in a range. Bernanke’s speech at the beginning of the week was quite confusing, but his mention of the currency markets moved the them. Only the Yen gained against the greenback. Let’s see which currencies did better than others.
Forex Daily Outlook – November 20th 2009
The last day of this week is rather quiet, but with a rate decision in Japan. Will the markets continue to be trade in the same ranges? The BOJ gets together once again to make a rate decision. Japan’s Overnight Call Rate isn’t expected to budge from 0.1% – rock bottom. Yen traders will focus