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Browsing Archive: February, 2009
Feb 27 2009 10:54 Est Casey Stubbs-- Winners Edge TradingWhether you are a long term trader, a swing trader, or a day trader it is a good idea to look at what the big picture. So I thought I would take a look today at the monthly Eur/Usd charts and see what we find. When you get a different perspective on things if opens up new insights and opportunities. Everyone has been talking about the Dollar strength how we are in a long term bearish move on the Euro. However when you look at a monthly c... Continue reading ...
Feb 27 7:40 AM Est Casey Stubbs-- Winners Edge Trading
The Dollar has been gaining strength in early morning trading breaking below the support of 1.2700 and the current position is showing a bear flag and the pair is approaching the support area of 1.2600 This pair is looking to test the lows made ealier this month and we might possiblly see which direction the pair is going to be headed. If the low support levels don't get broken we could possibly continue the range trading conditions which we... Continue reading ...
Feb,26 2009 1:30 PM Est.
Casey Stubbs --Winners Edge Trading
The Eur/Usd currency pair has been in a range trade from the very significant levels of 1.3000 to 1.2500. The market is unsure of which way to go given all of the bad economic news all over the world. As a result we have just been going back and forth until momentum begins to move one way or another. I cannot say what is going to happen as the economic world is uncertain right now and seems to become more so everyday.
Technical analy... Continue reading ...
Wed February 25, 2009 4:18pm Est. Casey Stubbs-- Winners Edge Trading The Dollar has had an incredible run lately and the strength looks to continue. The resistance level is 100.00 which was last hit in October of 2008. There is also an earlier resistance level at 98.92 which is the current .50 Fibonnacci retracement level.  Click on the Chart to learn about these charts. Continue reading ...
Feb 24, 2009 23:44 Est Casey Stubbs-- Winners Edge Trading
The Euro/Usd Has reached a point where the pair has not had any clear direction in the past few trading sessions. However now we are forming a Descending triangle which usually indicates a further move to the downside. So watch for the pair to break out of the triangle.  Continue reading ...
Feb, 24 2009 10:08 Am est
The Dollar gained strength after the CB Consumer Confidence news announcement came in at 25. The number expected was 35.5 so that was well below the expected estimate which indicates that the confidence of consumers is dropping extremely fast.
The result of this news was that the Dollar immediately gained strength against most currency pairs. The current price on the Eur/Usd is 1.2726 with the price challenging the 1.2700 support level.
We could see this level taken ou... Continue reading ...
Feb, 23 2009 3:04 PM Est.
Casey Stubbs- Winners Edge Trading
The Euro lost value in today's trading as investors bought the Dollar because of profit taking off of Fridays gains for the Euro.
The pair is currently testing the key support level of 1.2700 if the pair bounces of that level we could see further gains. Or if the pair goes through that level. We could see a downside target of 1.2550 again. Watch those levels then look for entries to find good trades.
 Continue reading ...
Feb 20, 2009 8:00 pm Est.
Casey Stubbs- Winners Edge Trading
The week ended with a bang with a huge move with the Euro gaining 250 pips on the day. Is this a bull move for the Euro or just a correction in the current downward trend? What caused such a move and so fast? One report said that as the price begin to move higher the price was hitting stop losses which ignited a buying frenzy in the Euro. I tend to believe that because where else would all that money to move the Euro higher come in al... Continue reading ...
Thursday Feb 19, 2009 3:36 PM Est Casey Stubbs-- Winners Edge Trading Today the Euro gained against the Dollar on a larger than expected unemployement announcement this morning. In the past that would have sent the Dollar higher because of risk aversion. Today, however the dollar lost strength even with the negative news report. I would attribute move today as a pull back from the Dollars earlier gains this week. You can see from the chart below that todays gains hit the. 382 level on a Fibona... Continue reading ...
Feb 18, 2009 1:00 PM Est
Casey Stubbs- Winners Edge Trading
Today we saw slight weakness in the Euro today after a strong downward move yesterday. The pair has slowly moved down and now is moving in a small range with not much movement. One of the possible reasons for the lack of direction in the pair is confusion for traders as to where to invest thier money. The economic news is terrible, the Euro news is bad and the Dollar news is bad. Traders right now have no way based on fundamentals to d... Continue reading ...
February 17, 2009 10:35 PM Est
Casey Stubbs- Winners Edge Trading
The Euro weakend verses the dollar and broke key support levels. The next support level is1.2550 at which point the next target level is 1.2331 this is a key support level which the market hit back in October. The key resistance levels to watch are 1.2722. If the price moves past the 1.2722 the targets will be 1.2825 and 1.2937. Due to the break of the key support level I am anticipating a move to test the 1.2550 and a drop belo... Continue reading ...
Feb 17 2009 12:10 Am Est. Casey Stubbs-- Winners Edge TradingEarly in the Asian Session The Eur/Usd broke the key support of 1.2700 other pairs such as the Usd/Chf also broke key resistance levels. So now look for a trend to develop with these pairs. Look for the Euro to continue to lose ground to the 1.2500 level in the European Session. Watch how the market reacts to the German ZEW Economic Sentiment which is to be released at 5 am est time.  To learn about how you can be a better trader cli... Continue reading ...
Monday- Feb, 16 2009 3:00 pm Est Light activity in todays trading because of the U.S. holiday resulted on little movement in the pair in todays trading. We can see the wedge that has formed which usually indicates that the pair will break lower. Right now as I right this the pair is at 1.2767 moving downward to the support level of 1.2700. Watch this level, this has been a strong support and a break of this level could lead the pair to the 1.2500 support level. Also watch for abounce off of ... Continue reading ...
Feb 16, 2:30 Am Est Casey Stubbs-- Winners Edge TradingEarly Monday Morning Trading has seen the Usd/Chf advance moving upward to the previous resistance level of 1.1783 if the pair breaks through that level look to go long with a target of 1.1927 l  Click on the Chart to learn about the chart system. Continue reading ...
Feb 13, 2009- 2:00 PM Est.
Casey Stubbs--Winners Edge Trading
The Euro is still trading in the range it was in last week. This has been two full weeks of consolidation trading for the Eur/Usd. The resistance level is at 1.3091 while the support for this pair is 1.2705. How long will this range continue to hold. Because of the stability of this price range over the past couple of weeks traders that have a range trading strategy have been seeing some good profits. Moving average strategies do not... Continue reading ...
February 13, 2009-- 3:20 Am Est.
Casey Stubbs--Winners Edge Trading
The Asian Session had a large run for the Euro Vs. the Dollar. The start of the Asian trading session had the Euro testing the 1.2700 support but when the price got near that level the Euro turned quickly gaining strength and about 150 pips to challenge the 1.2950 resistance level.
The pair has not been trending but trading in a range for 9 days. The large amount of economic data has not been able to move this pair out of the ra... Continue reading ...
Feb 11, 2009- 5:40 Pm Est. Casey Stubbs-- Winners Edge TradingTomorrow is a big day for news on the dollar as there will be 3 reports coming out. Those news reports will be an indicator of which way the U.S economy is heading into deeper recession. The pair has been moving in a price range for more than a week. The support level is 1.2700 and the resistance level is at 1.3093. We will see how the euro will react when the news comes out and if the news will be strong enough to push the pair out... Continue reading ...
Tuesday February 10, 2009 11:49pm Est. Casey Stubbs-- Winners Edge TradingThis pair has been trading in a range for 9 days. Now this is called a sideways channel trade setup. In the image below we have a range that is between 1.3091 and 1.2704 that is a 300 pip range that while the support and resistances are holding you can range trade this to make good profits. Also, the is the big trade to watch, when the price breaks through the support or resistance than we could have some good momentum t... Continue reading ...
Tuesday Feb 10, 2009 4:17 pm Est.
Casey Stubbs-- Winners Edge Trading
The Eur/Usd Pair repeated yesterdays activity almost exactly by running up to the resistance level of 1.3050 forming a double top in the two days trading. In the past two days the trading of this pair has been range trading as the range has been from 1.2700 to 1.3050. This range makes for good range trading strategies such as an RSI strategy or a Stochasitics strategy. The market can't seem to make up it's mind about which ... Continue reading ...
Monday- Feb, 9 2009 7:30 Est
The Euro had strong gains verses the dollar in todays trading and closed above key resistance levels. The pair is forming a bull flag pattern and could be ready to break out to the upside. The key support level is 1.2871 if the price bounces off of that level that could be an excellent opportunity to go long. The key resistance level is 1.2994 and 1.3094 .618 fib level. The 1.3094 is an important resistance if the price pushes through that we could see higher gain... Continue reading ...
The Euro has past the downward trend wall and the key resistance level of 1.3072. This break out could be a signal for more gains verses the dollar if the pair can hold that level the next target price for the pair is 1.3181.
Casey Stubbs-- Winners Edge Trading
Continue reading ...
Saturday February, 7 2009 2:37 PM EST.
The Euro ended the week up for the first time in 5 weeks. Will that continue for the week ahead? It depends on several factors. The first factor to consider is the support and resistance levels that have been previously maintained. Last week the price bottomed out at 1.2700 which is going to be a key level of support next week. In Fridays Trading the pair attempted to close above 1.3000 but as soon as the price hit the 1.3000 resistance level the pair b... Continue reading ...
The market has been moving sideways as mixed economic data has been released this week. Todays trading moved the euro lower versus the dollar as key support levels were surpassed. The price still has yet breakout which would give us a clear indicator which way the price will be moving. The first level to watch will be the 1.2726 level if the price drops below that we have a target of 1.2672 If that is broken we could see 1.2500. So in your trading be watching these levels as they are good si... Continue reading ...
The Euro lost strength against the dollar to today and tested the 1.2800 level during today's New York Trading Session. The positive news that was announced took many traders by surprise as they were expecting the positive news to push the dollar lower because of risk aversion. However, the positive news sent the dollar stronger today.
Trading Levels
If the price of the pair drops below support of 1.2800 we have a target of 1.2700. If 1.2800 is tested and fails to drop and moves past... Continue reading ...
The Dollar today weakened today for the 3rd straight day as a positive housing report pushed prices of the dollar lower against the Euro. This could be the start of a upward move that if the price of the euro pushes past 1.3325 that could elevate the Euro to the 1.3900 level Or if the price hits resistance and moves lower that could signal gains for the dollar to 1.2500 and beyond. We will be watching the news tomorrow. If the Non Farms Employment change is better than expected that could pus... Continue reading ...
Eur/Usd Stalling Waiting for News
The price on the Eur/Usd In early morning trading has been in a tight trading range. A possiblity for this is that traders are waiting for the pending homes sales news announcement at 10:00 am Eastern time. The expected result is 0.0% change which with all the contraction as of late that number would actually be good news. Traders should watch the news announcement and if that number comes out at no change or better. I would excpect to see the euro gain s... Continue reading ...
By Casey Stubbs-- Winners Edge Trading
Today's Trading Results: Eur/Usd
I opened 3 lots long after the price hand been going up from the bottom on a 4hr chart. I entered on the moving average crossover of a 10 ema and a 25 ema on the 1 hr chart.
open at 1.2796
1st lot sold at +55 pips
2nd lot sold at +100 pips
3rd lot still open
Today's total +155 pips with one lot still open.
Tomorrow's Trading Opportunity
The PMI news that came out in the US was negative again. That was no surprise, this up move wa... Continue reading ...
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Casey Stubbs
I am married to a wonderful woman Deanna we have 5 children. I am a christian serving, The Lord Jesus with all my heart. I am involved in my church and take mission trips every year.
I have been trading since I was 18 when my dad taught me. I have traded stocks, options and forex. When I found forex I knew that I would never want to trade any of the others again.
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