Trading Forex

At this moment EURUSD is a good example.
Are you in and how do you interpret the situation?
For me it's just stoprunning and causing confusion, possibly to accumulate for later PA (FOMC)

 

i am in but i am in demo!
by God i wish i was in live but i am trying to formalise my method

FOMC in 10 hours good we should have some fun

but i made 1000 usd in two days so trying to digest that

the more interested parties there are,the more opportunities to make some cash

 

i think i did say earlier that mondays move down was correction to a bull and i think that bull is slowly showing its horns..
eur is difficult to trade for everyone except the best because it mostly stays in a ranging sort of environment which beginners cannot understand ....it rarely goes one way in a strong trend like most extremely highly liquid instruments.
it is going up but you have to be a hell of good trader to make money out of that information.
i always know where eur is eventually going but i never make money out of that knowledge

 

remember this chart and post....self explanatory

 

i checked my account history and found it is was blank i am shocked.....forgot i was trading on demo

 

So you think it will go up, but...
we don't know if they will run stops on the downside;
it might even have started now, leaving everyone hesitant to join as price continue to rise...

If you don't use a stoploss, you're basically immmune to every trick they pull.
...leaving you with a big risk, if you're wrong.
(would your mental stop be around 1.1200)?

What you seem to be good at is take several small bites out of the move.
In this case would you only take long setups?

 

short eur

 

but remember what i said when all evidence points to up.....

i trade price action....i did not expect eur to take off like just now....i do not trade projections and conjecture....especially my own
do not forget that we were in a trading range ..this move to the upside is not a trend move it is a range move....which means that the low of the range below will be tested...

i expect it-the low of range to break and reverse- a bear trap- so the eur would have trapped both sides and then it will be free to trend up

 

i do not use it because the markets follow technicals......

the market discount every trick theses guys pull

 

closed