Posts Tagged ‘strategy

06
Aug
08

Eurusd daily analysis

No news today.  It will be a technical-analysis only day.  Beware : Crude Oil inventories are due today @ 10:35amET.

EURUSD Daily Supports and Resistances

S1= 1.5404

R1= 1.5534

CCI is oversold on the daily chart but 50 moving average have finally turned negative.  It might mean that there will finally be a breakout from the 1.53-1.60 box we’ve been in since February.  Given that no bottom was formed, wait for an CCI overbougth area on the 5 min chart to short the cross.

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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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