People say EUR/USD is too slow

Not just too slow, it hardly sustains movement in the same direction, it is always flip flopping

I stopped trading it a long time ago because of its unpredictable nature

EUR/USD is a utilitarian pair, investors use both currencies in the pair for hedging exchange rate risk in other investments they hold. I believe that because of this, the movement of the pair depends on the amount of hedging it is being used for and so it hardly respects support/resistance lines. It can just reverse in the middle of nowhere because some investor somewhere is using it to hedge a big risk on an investment he took. Think of it like a puppet with no mind of its own

Yeah that's why you need to know when there is a risk on and risk off so you know how to approach the market, know how investors are feeling, what they are thinking, what is their next phase of action, and too correlating the pair will be very good with the dxy because they move in opposite direction, it can really help but that's when the fundamentals have been met and you know if there fear or not , that's just what I can say

Being a major currency it's supposed to be stable hence not volatile. But we do get prolonged trends that last months in EURUSD every few months based on macro factors. You can spot them when you see breaks on monthly chart.

EURUSD on intraday basis moves in sessions. Each sessions either continues or reverses the previous session. The primary session is london that sets the tone for the day. Where the frankfurt open at london 7am fakesout near the nearest hourly high low then london does the rest. The breakout in london is known as london breakout.

There is some level of predicatability in EURUSD on session basis. But i agree the trends in EURUSD in intraday are choppy and hair pulling.

Those that prefer a more volatile experience can choose gold or btc or even US30. They are good candidates for trend lovers.

@yokoyi took this trade today (i saw the screenshot on his thread) and see how price just went up and reversed back down immediately. This is the kind of thing that people dont like about EU pair. the inability to maintain a direction

Hmm, I have not checked the trade again oh, the price just went all the way up and came back down

Hello,
I can understand your frustration with the nature of EURUSD, and i had understood initially what people meant when they say EURUSD doesn't trend.

But you must understand that EURUSD like any other instrument can have trending days and sideways days. Mostly there are sideways days. there was a time before 2016 when it would move over 80 pips in a single day and even 150 pips was normal but that was a different time.

More uncertain macro periods lead to more volatile currency pairs and that happens in EU from time to time but till then you must device strategies that trade the market for what they are and not what you want them to be.

Most good traders have a playbook for every market condition and regime and they shuffle through the strategies with ease because of their experience.

Even more so you are talking about frustration from collapsing trends, beware that trading is just like that if you run your trades everyday and move your stop loss to breakeven when the market has moved in your favor your still bound to get a runner eventually but the disappointing days where you would get BE will be far more then your mind can handle. It is a trade off between 1 big 100 pips day vs passing on 10 BE days or 5 Stop loss days.

Most EU trades take the trade at the start of the session and hold till the end of the session not a full day. You must accept the nature of the instruments you are trading and that only comes with time.

Even in the old days when EU did trend the ranges existed and you would just take profit at nearest high low. A classic 10 pip profit strategy ensures you get a guaranteed winner rather then having to deal with frustration. You could open a trade and close half of it at nearest range high or low run the rest for BE to maximize your chances of big winner.

If you are outright pissed with EU's rangy nature then you could switch to indices but even then you would get only 2 trending days a week that is the nature of the game.

See my chart marking range and my entry.Yoks bought i sold. You can also see the yesterday that was clearly a good trending day proving its not all depressing every day. BTW i closed at range lows i don't like hardships in my trading. Nothing beats easy money where it comes fast.

Hope this helps.

Thanks this is really what I needed to hear