The euro question has been answered

John C Burford explains how trading against the crowd can be very profitable, as illustrated by his contrarian trade in the euro.

Today, I want to stress an important rule about trading.

First, I don't know whether you saw it, but there was a dramatic move in the EUR/USD yesterday. We'll look at the charts in a moment.

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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.