The euro resumes its decline

With the euro in a long-term downtrend, it's safest to trade from the short side, says John C Burford. Here, he uses his trading methods to find a low-risk entry point.

Gazing at my trading screen this morning, I am spoiled for choice as to today's topic. Many of the tramlines I have been working with in many markets were violated yesterday in large sell-offs and I will cover these later this week and next.

But I believe the euro offers some terrific examples of how my methods can help identify excellent trade entries and the exits can wait!

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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.