Re-entering The Trading Table

Good Morning Dynamic Traders!

It is a huge pleasure to return to the trading platform amongst our very special trading community and indeed my fellow contributors!

The last month has not only granted space to attend to important business matters, but has also sanctioned valuable time with family during the Easter break.

Following a period of total trading immersion, the last few weeks have also given rise to significant reflection surrounding the trading arena; thoughts that I am keen to share with you.

During the coming weeks, I have chosen to focus on no more than four major currency pairs, utilising particular 'set strategies' we have been taught.

This approach will permit a greater understanding of the character of each pair, whilst ensuring that choice strategy set ups are consistently utilised at each opportunity, allowing for results to be measured with accuracy.

Most importantly, this trading rule also builds a disciplined approach to time management, deterring the drugged trader from forming the 'square eye syndrome', a phenomenon I am only too familiar with.

Today I will be discussing the most traded pair, the Euro.

The weekly chart reveals that price had been enjoying a long term downtrend since July last year before changing tune.

Having recently broken below the mighty value index, a more permanent downtrend may now be in play.

Below is the daily chart for the EUR USD

Price is seated at a significant spot.

It has very recently broken through another poignant medium, now hovering at the zero cluster with a support.

A number of designed strategies from our mentors' may now be employed; indeed at least one of these may have already be engaged last week by canny Dynamic Traders!

Given my return to the trading table this morning, I have marked a conservative watch for a line- up, together with an aggressive stance on a lesser time frame, awaiting a favoured breather.

Consult your own material for confirmation of a favourable 'text book' pip collecting exercise.

EURUSD daily chart Advanced Get

Fun Trading!

Saba Jackson