The euro is heading towards my targets

A combination of three chart trading methods revealed highly accurate targets in the euro charts, says John C Burford.

Last Wednesday, I covered the zigs and zags of the EUR/USD market in its very tricky wave 4 phase. I explained how fourth waves require extra special care and if you are not very careful, these waves can be a drag on your trading performance. In fact, I would say that they are the greatest traders' graveyards of all waves.

In comparison, third waves are a doddle if you can jump aboard early enough. These are like riding a tiger by its tail. You wake up and almost every day, you see another gain when you switch on. These are dream waves and if you concentrated on finding only these potential third waves, you will have a very robust trading plan, provided you also have a solid money management regime.

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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.