You know what amazes me? How damn well price/volume analysis works in Forex... All I needed to see was that one candle and I was like sh*t... Looks like I'm wrong about the uptrend... Candles three and four there should also have had new highs... A decisive solid uptrend shouldn't have volume spikes except when pushing into new highs... Crazy Europeans sure know how to gamble!
I don't really care what the news is. I just don't like holding position during a release unless there is a strong trend.
Are we having fun yet? LoL... Missed that long setup. Was sitting there waiting for a lows retest to buy... No dip... No dip... Still going! *Scratches head.* If you ask me that news was front run. After a pullback like that you expect the lows to be retested or at least a two candle dip before running it.
Arrr, dang... Picked the wrong bottom. Excited on 50% retrace bounce for three pips profit... Rotflmao! Gawd, just not my night... I'm a bit too bullish the euro for this market... At least price strength was strong enough to let me out of that position for sure.
Enjoy the hourly sell cycle bears. I hope it's a big one... That was one of the most dizzying hourly rally cycles I have yet seen on the EUR/USD... Those Europeans play a very solid game. Gotta be on your toes! If only I had went short at the moments I excited my two longs tonight I would have gotten a boatload more pips... I was only watching for long setups though... Meh!