Eurusd is pictured above on the H1 right on the edge of the exisiting uptrend burst, be sure that smart money does not change its mind about the direction of the two economys overnight, the area favors the downside.
If your looking to trade this stress free then size down.
If it breaks out to the upside you know your wrong cut the trade and move on
The longer term idea is shown here with a thesis ansd counter thesis for your consideration
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Update 26-3-15
Adding a second position to the trade another 1/2 sized position right at the top of the range, this will either breakout here and run on or fall away. #EDGE trading
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Updated 27-3-15
7k profit see video lesson here to see why i cut the trades http://www.fatbeetrader.com/trades/trade-thoughts-eurusd-sell-position-results-buy-idea
Hi @turay7 thank you for your comments. check out my blog at www.fatbeetrader.com the blog has hour upon hours of free videos and blog post that show you what I'm looking at when i trade (and my thought process.) I have run a very high end 90 day bootcamp online in the past and am considering running other training for traders who want to become profitable in forex without all of the bullshit hype. sign up for the email list at my site youl be the first to know about any training being run. chee
#FOREX $eurusd trades are past break even
I have to check this out as well!
i like it well done
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