DailyFX Forex Forum | FX Forum - Winners Edge Trading Daily insights

Trading This Week

Posted 08-09-2009 at 06:25 PM by Casey Stubbs (Winners Edge Trading Daily insights)

Casey Stubbs-- Winners Edge Trading

Getting ready for trading this week we see the Eur/Usd had a large pull back from the highs but was that just consolidating. One way to find out is to watch the .618 Fibonacci which is where the downward price moved to on Friday. That was at about 1.4166.

So keep your eye at the current support level and that will be an indicator as to which way the pair will move. We could see a bounce off of the fibo level or we could go through that to see more downward movement on the Euro. This could be a bear flag setting up and that would indicate more Euro losses.

I personally...

Casey Stubbs

Special Guest Trader

Posted in Uncategorized

Views 230 Comments 0 Casey Stubbs is offline

Why the Dollar Will Get Weaker

Posted 08-08-2009 at 05:30 PM by Casey Stubbs (Winners Edge Trading Daily insights)

This article is in response to Mark Carlon's great Article titled Why the Dollar Will Get Stronger. While Mark had some excellent points I am not going to dispute his points I just want to add some additional points to point out why I think we will see continued Dollar weakness.

1. We The People Watch the Video

The problem with the Dollar is the people of the United States of America. Which I am one and while I am not smarter or better than anyone else I understand that our behavior has consequences.
As long as we have a corrupt government that thinks it is wise to stack up huge amounts of debt all the while...

Casey Stubbs

Special Guest Trader

Posted in Uncategorized

Views 327 Comments 0 Casey Stubbs is offline

Euro is Riding High

Posted 08-04-2009 at 12:43 AM by Casey Stubbs (Winners Edge Trading Daily insights)

Tuesday should be another good day for trading the Eur/Usd, What am I talking about every day is a good day for trading

We have seen some great upward price action for the Euro and the best traders always ride the trend until it stops. So we had some big gains yesterday and I look for them to continue. It appears that we have a bull flag forming which indicates more future gains.

The pending homes sales number should be a big news event today and I would think if there is good number there we could see more gains, but if the number is a surprise to the downside I think the Euro may stall a little.
...

Tags: dollar, eur, euro, forex, usd

Casey Stubbs

Special Guest Trader

Posted in Eur/Usd Trade opportunities

Views 248 Comments 0 Casey Stubbs is offline

Euro/ Usd

Posted 08-01-2009 at 09:30 PM by Casey Stubbs (Winners Edge Trading Daily insights)

Eur/ Usd

Friday ended with some bullish price action for the Euro. The previous high was 1.4302 so we should watch that level very closely. We could see some consolidation at this level or the pair could go through the last high off of the momentum on Friday and there could be an upward trend forming.

Either way watch the 1.4302 level because that is the key resistance level to watch on Monday. If the pair goes through the 1.4302 area the target is 1.4386. If the pair pulls back watch the previous support level 1.4153.

Forex TV Blog stated that improved U.S. GDP should have a large impact on market sentiment so that is something to keep in mind while planning your trades this week. Keep watching...

Tags: dollar, eur, forex, usd

Casey Stubbs

Special Guest Trader

Posted in Eur/Usd Trade opportunities

Views 374 Comments 0 Casey Stubbs is offline

Page 25 of 37

« First

Last »

Daily trade recommendations on the Eur/Usd Currency Pair by trader Casey Stubbs of Winners Edge Trading.

Casey is a Forex Trader and a contributer to Daily Fx Blogs and Forex Factory.com

Casey is featured at Winners Edge Trading a premier Forex Website with trade Recommendations, articles, trading tutorials, and a free iteractive Forex trading School.