ChaoticTrader
Long

EURUSD Fun Daytrader Analysis

FX:EURUSD   Euro / US-Dollar
We don't normally daytrade, but we were asked to look at a EURUSD from a quick active-trade perspective. We've marked the counter-trend entry in-case missed counter-entry on Friday. Fundamental analysis is out the window due to being such a short timeframe and news effects on short-term currency movements. If we had limited capital, we'd use a target, but otherwise, trend-following into a new trend involves letting the trade "breathe" and trailing a stop. We use the middle line in our cloud.
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