Inside the Currency Market: EUR/USD

Last evening trades, EUR/USD Long 1.1402, target 1.1467, dead stopped 1.1459, + 57 pips, then reverse to 1.1419 saw dead stop 1.1420, + 39, total + 96 pips. Short USD/CAD 1.3199, dropped from 1.3176, broke reported bottom 1.3133, dead stopped 1.3012 for 164 pip gain. Beautiful CAD call and move but didn’t report what if scenarios on bottom break. Total 206 pips, my credit whatever, most. All readers are earning consistent pips multiple times per day, that’s all that counts. Nearly 300 trades posted in last what 50 days since inception, all winners everyday. Vast majority were perfect to near perfect targets achieved. But all trades have multiple targets and those targets hit as well for greater gains. Next week, I should be running automatic so many multiples pairs with perfect targets will be posted. Current trades are calculated by pen and paper. Automatic allows speed in calculations and posts.

EUR/USD. Bottom. 1.1361. Range break above 1.1457, 1.1533, Below 1.1379, 1.1304, 1.1246. Overbought sell point 1.1484, Failure point 1.1455. Strategy. Longs above 1.1419, target 1.1484 then reverse short to 1.1451 and 1.1437. Points on the way up, 1.1426, 1.1433, 1.1440, 1.1447, 1.1455, 1.1462, 1.1469, 1.1477, 1.1484.

Shorts below 1.1418, Target 1.1389. Watch here for reversal to 1.1418 and higher. Points on the way down, 1.1415, 1.1411, 1.1408, 1.1404, 1.1400, 1.1397, 1.1393, 1.1377, 1.1361 Bottom. Point 1.1389 must cross to go higher to target 1.1418.

Brian Twomey Inside the Currency Market, btwomey.com