Like many other pairs today we've seen a violation of major structure thanks to the reaction of today's FOMC statement. This recent moves leads me to predict that the Euro will continue higher and therefore has me looking for trend continaution opportunitites.
This morning we had a great dscussion about the dangers of being late to a trade and how it causes rookie traders to be treated like yo-yo's being bounced around seeming always to be one step behind the market, so what i'll be looking for is a little relief in this pair and an opportunity to buy the dip over the next few days/weeks
@form7gt, Only the market knows the answer to that question. Our job is to put ourselves in a position, where we have a statistical edge over the market...and then to consistently exploit that edge without sabotaging ourselves.
carletto69
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i dont agree. dont buy to high. dont be hurry
FxStreamer
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@carletto69, I had a 150 pips profit and i closed at top 1.272 fib at 4h . cause there is a support level there at left (structural support demand) but i wont sell either i will be looking for buy again.
@carletto69, I agree, the last thing you want to do is buy late. Waiting for the right time to trade is key and even more important than the prediction
carletto69
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@Akil_Stokes, yes, now is the euromania!!! in the recent past, trader or analis talked about eurusd to 0,90. now buy buy buy
i will buy when detendred touch orizzontale line
Eurusd will fall ?