EUR/USD Beginner Level trading

Price went all the way up and reversed back to my entry. And this is one of the frustrations I have with EUR/USD, just its lack of volatility and the tendency to reverse direction indiscriminately

No wonder they say its a slow pair, since 6 am it has moved only 10 pips

Price went all the way up and reversed back to my entry. And this is one of the frustrations I have with EUR/USD, just its lack of volatility and the tendency to reverse direction indiscriminately

You traded the first blue bar out of the range in frankfurt.

4 out of 10 times these can form days high lows. It is the correct approach that will make money in the long run.

Price went all the way up and reversed back to my entry. And this is one of the frustrations I have with EUR/USD, just its lack of volatility and the tendency to reverse direction indiscriminately

SL blown, really annoying but I guess I have to accept that. I agree with you

I am shorting EUR/USD with profit targets at 1.1483

I am shorting EUR/USD with profit targets at 1.1483

There is a big option expiry at 500 and I had actually gotten into my short positions during the Pre-Frankfurt session. Then price suddenly started going up and I had to cover some of the shorts to free up more margin. So now price has started going down again lets hope it goes to TP. My TP target is below the option expiry at 1.1500

I am shorting EUR/USD with profit targets at 1.1483

TP reached

Although I made some profit I am not really happy with the way I traded today. At the start of the short trades, I over-leveraged because I was so confident that price was gonna push don to 500 without any drama. But suddenly price started pushing upwards and I had to close the positions with the highest loss to avoid a margin call. I lost 5k on that closure alone. After price exited the upper Asian range and formed the bearish engulfing, I went short again but closed the trades when price started reversing from pre-low (silly of me). The reversal from pre-low failed and another bearish engulfing formed and I went short again and rode that one to profit. The drama was just too much

I am so happy about the news yesterday, giving us a clear direction

Although I made some profit I am not really happy with the way I traded today. At the start of the short trades, I over-leveraged because I was so confident that price was gonna push don to 500 without any drama. But suddenly price started pushing upwards and I had to close the positions with the highest loss to avoid a margin call. I lost 5k on that closure alone. After price exited the upper Asian range and formed the bearish engulfing, I went short again but closed the trades when price started reversing from pre-low (silly of me). The reversal from pre-low failed and another bearish engulfing formed and I went short again and rode that one to profit. The drama was just too much

Market just know how to test your confidence, it happens to everyone, even with that perfect strategy

Yes, and you know when your first trade of the day ends in a loss, it changes your risk mood

Yes, and you know when your first trade of the day ends in a loss, it changes your risk mood

Sure, but the secret is rest for an hour or two, comeback look for a correlative pair of that one you made the lost from and trade it, 90% of the time I trade base on correlation

I've decided to be trading only EUR/USD when it comes to currencies. Most of these currencies are correlated so you can end up wasting your time with them. I would rather trade EUR/USD during London, and Indices/commodities during NY