x_2_4

EU this week... Strength and Powers

Long
FX:EURUSD   Euro / U.S. Dollar
Updating my charts for the week so far, I've missed three trading opportunities. One I stayed out of and two I slept through.
Alerts help but sleep is important. I wish I had set alerts. I'm happy to miss a couple trades if it helps keep my health up.

ps. I'm paying (by not profiting) for sleeping in though, that was a beautiful trade and my system would have gotten me a 10:1. No stress, keeping an eye out for more opportunities.

Practicing my charting, it really helps to follow my own journey and maintain consistency.
Details on chart. Hindsight is great isn't it...

Feedback welcome.

~Blessed Trading~

Comments

Wouldn't we be looking to short this market?
Reply
x_2_4 HysonFx
@HysonFx, why are you thinking of shorts? For me, until I see some strength to the downside, I will trade with what I know. Currently the bulls are in control, recently breaking through recent highs and continuing the uptrend.
Reply
HysonFx x_2_4
@x_2_4, Ah ok I see I'm currently new to trading and im seeing an overbought market so I assume that it will come down
Reply
x_2_4 HysonFx
@HysonFx, be careful with the terms or ideas of being overbought or oversold. Stocks and currencies are different. Currencies can't be overbought. What you may consider is the market is extended and there will be a correction to come. However it can be pretty difficult to predict in a vacuum. I personally prefer bet with some confidence.
Reply
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