Monthly Archives: May 2016

Market Commentary 31/05/16

EUR/USD – Retracement Continues The retracement which began yesterday has continued today after a small drop took place early this morning. The bearish candles we are seeing now are a signal that the retracement may be coming to an end,…

Market Commentary 30/05/16

EUR/USD – Retracement Taking Place Towards the end of last week we saw the price of EUR/USD drop considerably, now we are seeing a retracement take place which is possibly caused by the banks taking profits off sell trades placed…

Market Commentary 27/05/16

EUR/USD – Dropping Back Down To The Lows   I my last post I talked about how we had a good chance of seeing EUR/USD climb higher today and break the previous high in the market. We didn’t get a…

6 Important Quotes From Bruce Kovner

Bruce Kovner is a hugely successful trader who has been active in the markets since the late 70s. On his first trade he made $25,000 using $3000 he borrowed against his MasterCard. Initially after he placed the trade, his profits…

Market Commentary 26/05/16

EUR/USD Climbing Higher After Stop Run When my last post was published EUR/USD had just fell into a collection of sell stops which had accumulated just below the previous recent low. We can see the candle which struck the stops…

Market Commentary 25/05/16

EUR/USD – Stop Run On The 1 Hour Chart This past hour we have seen the market drop into a concentration of sell stops which had accumulated below the current low in the market. The breakout zone which I marked…

Market Commentary 24/05/16

EUR/USD – Sell Stops Hit, Price Continuing Lower The sell stops which I marked on the image in yesterday’s post were hit a couple of hours ago, unfortunately they failed to provide us with a reversal and instead were used…