I have a feeling that the news is going to punk the short sellers before dropping. Will wait a bit longer, but after that I'm pulling out before the FX market patrol shows up

EURUSD

How did they survive the night before? And the night before that? And the night before that? And.... Anyway, EU hasn't moved off quickly and the euro session is ending soon with news coming up shortly after. I might just take a ...

EURUSD

*ahem* 1.183 looks like a good landing pad, .... *but*... we'll have to see what price does nearby. There is a bear trap down here somewhere after all.....

EURUSD

IMHO, that opportunity left the station an hour ago

EURUSD

That will only happen if they see me shortin, they hatin stop huntin, they're trying to catch me tradin dirty 8)

EURUSD

Might take a while to spin back into play bearishly, but the move up is showing signs of being a lock. Any new high will probably hit huge resistance.

EURUSD

Well done, now take it the other way

EURUSD

Yep, that is certainly risky. Trouble with trades like that is that they're not always going to payout, and I prefer trades that I know are going to profit. I'm looking for a snatch at 1.19, but we'll see what happens soon.

EURUSD

Yep, so yesterdays involved the end of the market cycle (evidenced by all the whipsaw and stop hitting), and the market wasn't sticking around for too long and wanted to kick off the next one when I was AFK. So now we are going short into a bear ...

EURUSD

We could well be at the end of the market cycle. Ranging markets live here. I expect price to go up, but that's a 50/50 chance at the moment, and hence not worth trading.

EURUSD

As long as the losses are small, they are miniscule compared to the huge winning trades. A bad day in forex is when you don't use stops and get it REALLY wrong. A small loss is disappointing but not a bad day.

EURUSD

Exactly. The Euro session is almost over, so it's kinda pointless going long now anyways. Better off waiting to see what the next session brings with it's news and all.... but for me, I'm done today. Some wisdom from the Rolling Stones: video

EURUSD

15M or sometimes 30M

EURUSD

There we go. Market was just hungry for stops.

EURUSD

Some action now at this price point, but let's see how it will play out.

EURUSD

My long entry isn't even a good one and comes with that risk of dropping to 1.1960 I mentioned. Ideally I would have liked price to have gone down there already to make a nice long trade. Still not seeing any reason to go long again...

EURUSD

I'm also keenly aware the price could drop down to 1.1960 if there's no movement this session.

EURUSD

Somebody's paying attention

EURUSD

Give the man a cookie. It depends what this session wants to produce. If there's no fast movement out of here, the big boss will eventually wake up and see my stops and go for them.

EURUSD

What the market giveth, the market taketh away. Pulling my longs off in profit, until I get another good long entry

EURUSD