Forex Pros : How to avoid tonight's Euro whip??

Discussion in 'Forex' started by Remiraz, Jul 18, 2005.

  1. Remiraz


    Just so we're on the same time frame here, my clock's at EST 11:23 July 18th now.

    Forex trading pros, throw us lesser beings a bone. Look at the chart for Euro tonight, US session. Whipsaw up and down in a tight 15-20 pips range.

    How can we avoid getting killed tonight? The small spikes up look so much like a breakout. The retrace looks like a typical trend reversal.

    I got killed on 2 entries: Entering the long up bar at around 0900hrs thinking it will trend up and shorting the down bar at around 0950hrs thinking its a trend reversal.
    Have been at the sidelines ever since.

    Anyway we can see this coming? :confused: