Trade Ideas

Weekly Watch: February 13 to 17, 2012

After watching Jeremy Lin lead the Knicks to 5 straight wins, I’m Lin-spired to aim for a winning streak of my own! Let’s see if we can score a Lin… err, I mean a WIN this week with these must-watch levels on EUR/JPY, GBP/JPY, and EUR/GBP!

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Weekly Watch: February 6 to 10, 2012

Now that the Super Bowl is done (congrats Giants fans!), it’s time for us to hit the field running and rack up some rushing and passing pips! Here are some key levels to keep an eye on this week for my favorite cross-currency pairs, EUR/JPY, GBP/JPY, and EUR/GBP!

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Recognizing Trend Transitions

I see the EUR/USD in a state of transition and not to be left out…I see the U.S. Dollar Index in the same transition. While the EUR/USD is moving sideways at the BOTTOM of its range, the greenback is doing it at the TOP of its uptrend.

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EUR/USD: Breakout Looming?

Being down 3 trades ain’t fun! However, I’m not gonna be rash and just jump in on the first trade setup I see. I believe patience is key to getting pips. So I’m gonna wait for EUR/USD to break out first before I pull the trigger. Check out my trade idea.

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The EUR/USD Enters a Zone of Major Resistance

The EUR/USD has a number of hurdles to overcome before a ceiling it established. I am looking for a ceiling – for now – since the market trend has transitioned into a sideways range. IT IS early in the transition but a “V” bottom is unlikely here with the underlying fundamental picture and the 1.3050 to 1.3200 area is a thick layer of resistance.

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If you are not willing to risk the usual you will have to settle for the ordinary.Jim Rohn