Euro had some wind in its sails…
Okay, there was clear evidence on the daily, 4 hour and 1 hour charts last night that the euro had some wind in its sails. So, it was no big surprise today to see price rise up to the M3 level - the expected high for the day. Then, the news embargo lifted at 8:30 am, and the euro reacted negatively. Then, what to do? Well, by now, most of our members know we have a number of systems to trade the aftermath of news.
There’s the KTTN system that talks about using buy/sell stops to bracket price action after the news comes out. And then, of course, there’s my favorite - Teresa Burnett’s rendition on how to be a trading sleuth using technical indicators. All of this stuff is available to our members in the members area at
Learn to trade foreign currencies with Peter Bain Video ForEx CourseÂ