The euro follows my script

The euro has rallied back up to test John C Burford's lower chart tramline. Will it breakthrough, and if so, how high could it go?

Today, I'll follow up on the euro. It shows that to trade effectively, you need to have an idea of where the market is likely to go within the time frame you are working with, so that surprises can be recognised and dealt with.

In myposts, I describe swing trading, where the typical length of time for a trade is measured in hours and days never seconds and minutes, as day traders do. This is important to recognise.

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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.