facebook  Twitter youtube  blogger

Systematic Trader, Educator for Forex, Futures and Systematic Trading. Check out my full bio here.

EUR/USD moving towards support area

This is a quick follow-up to my last post about the strong move we've seen post-ECB last week. As expected the Euro is now pulling back, coming close towards a possible strong support area. So you might want to keep an eye on this market around 1.0975-1.1050 for a short- to medium term bounce. PS: As a systematic trader I won't take a trade based on my opinion and a few lines in a chart. But ...
Continue reading
1014 Hits
0 Comments

Draghi Day - EUR/USD To trade or not to trade?

Today we had the long awaited ECB press conference and Draghi did his thing by surprising traders with their decisions. This is what happened so far (13:00 NY Time) and as you can see the volatility hasn't been that high for weeks with EUR/USD moving 400 pips intraday.  So what to do on such a day where you can expect higher volatility than usual? Take trades or not? For me it's a no-brainer....
Continue reading
912 Hits
0 Comments

Derivative transactions, including futures, are complex and carry a high degree of risk. They are intended for sophisticated investors and are not suitable for everyone. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results, and all of which can adversely affect actual trading results. For more information, see the Risk Disclosure Statement for Futures and Options.