Get out of your longs!
Author: Varun Kanotra
Website: http://www.expertfuturestrading.com
Posted: August 28th, 2009 at 11:57 am EST
If you are long anything (i.e. bullish), you need to get out of those positions now!. The market has had 9 straight days of up moves. There is too much complacency and too many players in the bullish court.
On technical terms, take a look at the VIX chart below. The Bollinger Bands are so tightly squeezed that we could see a breakout any day now.
Varun
A +700 pip potential Euro trade?
Author: Varun Kanotra
Website: http://www.expertfuturestrading.com
Posted: August 26th, 2009 at 11:36 am EST
Some interesting things have been developing in the Euro lately. As per my technical analysis, the recent re-test of the highs at 1.4378 should be the last time the Euro sees that number. This number got re-tested two days later and as I am looking at the market right now, the Euro made new lows today.
I entered short around 1.4308 and the momentum and certainly been strong in the US session today to the downside pushing the Euro to new lows on the daily chart. Here’s what the chart looks like:
The Euro should continue lower from here with the next set of targets being 1.4163 and eventually 1.3735 (as shown on the chart). For this swing trade, your stop should be placed a tick above the previous high i.e. 1.4450.
Varun
A Muse Over the Move
Author: ForexInfoNews Analyst
Website: http://forexinfonews.com
Posted: June 18th, 2009 at 10:07 am EST
A quick blog from Raul Lopez on the EUR/US.
Read it here: EURUSD: Short or Long?
Ever Wonder When?
Author: ForexInfoNews Analyst
Website: http://forexinfonews.com
Posted: June 15th, 2009 at 12:59 pm EST
Check out John Mosholi’s article Forex Trading Hours – When to Trade? to find out his recommendations on the best times to trade.
Getting Mixed Signals?
Author: ForexInfoNews Analyst
Website: http://forexinfonews.com
Posted: May 29th, 2009 at 2:19 pm EST
Confused about signals? Understand them better by reading Bart Icle’s article Things to Consider About Forex Signals.
US dollar/dong Outlook
Author: ForexInfoNews Analyst
Website: http://forexinfonews.com
Posted: May 26th, 2009 at 12:31 pm EST
Read Bidv’s predictions for the dong/US dollar at intellasia.net: Bidv predicts forex rate at 18,200-18,300 dong/US dollar by year end
Bad for the Dollar
Author: ForexInfoNews Analyst
Website: http://forexinfonews.com
Posted: May 17th, 2009 at 5:00 am EST
According to Sean Hyman at forextradingblog.com, two major car dealership closings are not going to help the dollar. Read how the euro benefits in Sean’s article GM & Chrysler Dealership Closings won’t bode well for the Dollar!
The Personal Side of Business
Author: ForexInfoNews Analyst
Website: http://forexinfonews.com
Posted: May 16th, 2009 at 8:00 am EST
I found Travis McBride’s blog to be an interesting mix of Forex news and personal challenge. Watch as he tracks and trades the EUR/USD in his blog at http://www.bbtforexblog.blogspot.com/
Euro Outlook
Author: ForexInfoNews Analyst
Website: http://forexinfonews.com
Posted: May 15th, 2009 at 1:16 pm EST
Read Juan P. Bejarano’s take on the Euro in the Forex District’s article Euro Zone Q1 GDP Shrinks 2.5%
Brewer Predicts a Winner
Author: ForexInfoNews Analyst
Website: http://forexinfonews.com
Posted: May 12th, 2009 at 3:52 pm EST
BrewerFX discusses the reasons behind the movement in the U.S. Dollar. Read the article now at Forex Trading: The U.S. Dollar Looks Like It Is Going To Be A Winner This Week
FREE 58-page Forex ebook, 