Eur-usd is one of few most popular trading pairs. I am currently practicing my trading with small account. A big portion of my trades consists of eur-usd. But nowadays I am in confusion about the future behaviour of this pair. Eur is already on very low. But if we look at current euro-zone situation, it looks like it will continue its downward trend.
I lost a few trades by selling eur-usd. So how do u guys see its future?
The good or ill of a man lies within his own will. – Epictetus
I do not know where the EUR is heading and it does not matter to me, since I trade at 5 min Chart level. I am just saying Hi!
Originally posted by benturkI do not know where the EUR is heading and it does not matter to me, since I trade at 5 min Chart level. I am just saying Hi!
![[grin]](/themes/default/images/smiles/grin.png)
.. True.. scalpers or low time frame traders do not care much about fundamental part..
Trading is a discipline.
Even though I have lost a few trades, but I still think that eur will fall.
The good or ill of a man lies within his own will. – Epictetus
Originally posted by ironicalEven though I have lost a few trades, but I still think that eur will fall.
Its interesting that u lost by selling in a bearish market. Maybe u were trying to scalp or used very high leverage. There was a bit of upward trend on thursday and friday... maybe you were caught in it by selling at very low position.
It is straightish so far. I thought this week would bring some more interesting thing about this pair. Start is sluggish. Lets see how it performs during the week.
The road to success is always under construction.
Originally posted by JogiIt is straightish so far. I thought this week would bring some more interesting thing about this pair. Start is sluggish. Lets see how it performs during the week.
This week is ending with a little bearish trend.
short-selling with every upward correction is my current strategy. As far as the current situation is concerned, I had put a comment a couple of hours back on NASDAQ site at the thread: http://community.nasdaq.com/News/2011-12/forex-eurusd-ends-2011-weakened-below-130.aspx?storyid=111770 and that is my current view.
Eur/Usd movement is tricky at the moment. It went to 1.3075. I wasnt expecting. But then it took much less time to go down from where it went up. It is currently moving around 1.2910.
The road to success is always under construction.
I would say that overall it moved quite predicatbly and has been making profits for the trades consistantly as I have been positing in ForexAbode forum under the Real Trades.
Originally posted by ForexAbodeI would say that overall it moved quite predicatbly and has been making profits for the trades consistantly as I have been positing in ForexAbode forum under the Real Trades.
Yea overall trend is downwards. Maybe jogi is talking about a few pip gain and loss.
The good or ill of a man lies within his own will. – Epictetus
