EUR/USD: Down Leg (May 3, 2009) 9:13PM

Quote from killthesunshine:

problem is your always underwater for awhile with every trade. no matter where you get in it's gotta jerk you around awhile. the moves aren't clean. forex is ERRATIC intraday.
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Did you follow what I did on this thread?
 
EUR/USD still falling. I am still holding my 1.3434 entry. Did some other trades. sian session is about to start. What do you think asian session traders will do. Those guys are real trend followers.
 
Here's a screen shot from my 1 hour chart:

25k0xhc.jpg
 
Whenever it sticks its head above 1.3400, I check it, time when to sell it, and sell it. Have been doing well with it. Most likely path is down, after the down and up lines are close to each other.
 
8:58AM (Friday May 08): I am shorting it at 1.3500. This is against the current within day trend. I am scaling, and do not have time to watch it. Better trading would have been to wait for it to reverse, and then go in.
 
Quote from riskfreetrading:

8:58AM (Friday May 08): I am shorting it at 1.3500. This is against the current within day trend. I am scaling, and do not have time to watch it. Better trading would have been to wait for it to reverse, and then go in.
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covered at 1.3465
 
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