The reason that I need to skip trades that are counter to the predominant trend is that I have the desirable habit of trying to let a trade run to get a big gain. Typically, the trades against the daily trend do not have legs (sometimes do of course) and I end up overstaying. I am much more likely to get a good run if I am patient and wait for the right signal.
Attached is a 30 minute chart of the euro fx with upside flagging action. The 240 is basing out as well. I may be passing up a gold mine on the long side, but I am on the sidelines looking for short signals. If the daily trend turns up, then I'll look for longs. This is the correct way to trade--at least for my style which includes staying in trades.
Until this line is broken or a bullish reversal signal, I would favor selling any renewed weakness. This is a 30 minute chart showing the 30 minute trend to be down. Fresh shorts could be initiated on good short signals on the 10 or the 30. Both should be watched.
There is very clear bear flag action on the weekly EC chart. The only question is when. I would imagine there could be some upward movement prior to a break of the bear flag. It is my view that the Euro FX will head down in a trend reversal fairly soon. I will be paying close attention to the daily charts for ths initial signs.
The Yen remains weak on the weekly chart. It should be played from the short side until trend reverses.