Ever so slowly, the EUR-AUD is in the process of building a bottom pattern on its daily chart. After making an all time low at 1.2131, the price formed what appeared to be small rounded bottom, followed by a fast move to 1.2616. With more price history since, now a possible Cup with Handle formation [...]

Contagion, default and risk – three words that most investors have heard a lot of lately with regards to the Euro currency and the Euro zone. With the recent second Long Term Refinancing Operation; the LTRO, now behind us, is it really still all doom and gloom? In a nutshell we are now looking at [...]

One of the most important parts of trading, often overlooked, is taking profits. Everybody focuses on entries, set ups, devoting a lot of time to create “perfect strategy”, yet at the same time rules for taking profits are often left to chance. Frankly, this is very understandable. Trading is an emotional endeavor, like it or [...]