Posts Tagged ‘analysis

07
Aug
08

EURUSD daily analysis

News :

* 12:00 – German industrial production (medium)

* 13:45 – minimum bid rate (High)

* 14:30 – ECB Conference Press (High)

* 14:30 – Unemployment Claims (medium)

* 16:00 – Pending Home Sales m/m (High)

EURUSD Daily Supports and Resistances

R1= 1.5510

S1= 1.5395

There seems to be a reversal underway.  Look for long entry points during the London Session ; New York session might be unstable or trading in a range : look for reversals.  If the London Session ends quietly then we might have a trend during the American Session.  Beware : insider trading is necessary for the creation of trends and it takes place before the annoucements (exemple : London last week, Germany’s GDP this week, Turkey’s court decision last week).

02
Aug
08

A new approach to trading

A picture of Humility

A picture of Humility

It’s the second year since I started trading options “thanks to” Kiyosaki’s game, Cashflow 202.  Given that some aspects of my life gave me lots of pride I thought I could easilly master the markets : that is called death by ego.  As of today I am still dead but I am slowly realising that markets are not about money but about mastering yourself and understanding the beasts that are shown on your graphs.  You have to listen to them, to emphatize and maybe, one day, to win them over.  This is a rough path and I am lauching this blog to help me monitor my progress, structure my trading, share my experience and benefit from my readers’ opinion.

I will be focusing on:

Personal Life (the vade mecum part of this blog) ;

Trades – good and bad ones.

News analysis ;

Reviews (books, websites, blogs, software, etc) ;

Forex market overview.

I do have some ambitions for this blog : It is a main element of my strategy on the path to the humble trader.




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