A tricky trade in the euro market

The euro has been following its own path lately and has proven a very difficult market to trade. John C Burford looks at what's been going on, and examines a few cautious trades in a difficult market.

As promised, I am today covering the EUR/USD, which I last wrote about on 12 September: The powerful waves washing over the euro market. Since then, the market has not collapsed in a third Elliott wave, as I suggested it might do then.

If you have not seen my video tutorial on how I use Elliott waves, watch it here: An introduction to Elliott wave theory.

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John is is a British-born lapsed PhD physicist, who previously worked for Nasa on the Mars exploration team. He is a former commodity trading advisor with the US Commodities Futures Trading Commission, and worked in a boutique futures house in California in the 1980s.

 

He was a partner in one of the first futures newsletter advisory services, based in Washington DC, specialising in pork bellies and currencies. John is primarily a chart-reading trader, having cut his trading teeth in the days before PCs.

 

As well as his work in the financial world, he has launched, run and sold several 'real' businesses producing 'real' products.