EUR/USD - Are We Due For a Tumble to $1.20?

Im short on Eur/Usd since yesterday.......initial price 1.26621

Now the price is at 1.26255

I am up 36.6 pips :D

Still short see what happens tomorrow, if it is up tomorrow or day after tomorrow big then I think I will change the position to long.
 
The trend is so obvious really. Anybody who believes there
is a trend has been getting whipsawed over and over
and over again in the last 2 months.


Quote from jerry11901:

The trend is so obvious; I hope everyone is on the right track…
More...
 
trend is not so obvious but it could be in this channel

21awc4w.gif
 
Is that charting service expensive?
Is it good?

Quote from nkhoi:

34 ma it change the color to to show whether it is up or down, sierra chart
More...
 
The banks and big boys play mindgames with you guys.

The trend is obvious once you know how to detect it, these simple methods are imho not cutting it.

Similarly a Higher High and Higher Low not necessarily mean a reversal of a downtrend, nor do they necessarily mean an uptrend.

You'll have to know at the very first pivot if it is the beginning of chop or the beginning of a trend. And yes it can be done.


Old Chinese proverb:
Those who say it cannot be done ought not to interrupt those who are doing it.


all the best trying to figure it out, I am out of ET, am going on a year long world tour and am taking a rest for a while.

vital statistics
 
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