The euro trades along my tramline

Evaluating the odds is crucial to making profits, says John C Burford. Here, he draws on all his charting methods to make a great risk-free trade on the euro.

It has been a while since I last covered the euro.It went to ground over the holidays when the markets' gaze was focused on the fiscal cliff in the US.

At my 17 December post, the market was rallying strongly to one of my targets in the 1.32 area. Since then, the market did manage a final thrust to 1.33, but has backed off quite sharply.

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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.