Is EUR/USD moving sideways?

The best

double top has not failed yet... on a close over 1.3730 perhaps... but I still fear the bear move.....and the weakening of the euro...(mainly for macro reasons)

I'm doing the same trade, hope lucky to us!

I have this rule of not trading against the main trend but good analysis.

I have seen more examples of traders failing because they use a stop loss that is based on their own desire for risk management instead of making sure their stop is correctly located and using the proper position size to keep the risk at 1% or less of their trading capital. What does that mean? Using a stop that is too close is assuring that you will fail through the death of a thousand cuts. What matters is that you have a positive equation of expectancy which means it is the combination of percentage of winners and the ratio of the average win to the average loss. Van Tharp's books on the topic are excellent. For example, you can win like the insurance companies if you win 1 or lose 100 if you win more than 99% of the time consistently.

Exactly! i couldn't agree more! That's why I don't swear by the common rule of 3:1 risk/reward ratio. If a trader can predict correctly the market 90% of the time, a 1:9 R/R ratio will still make them a profitable trader!

Risking 1% or less is also strongly recommended as you mention. Yet, upon confirming the strategy's profitability in an adequate sample using "flat stakes", traders should implement half-kelly to increase their capital's rate of growth.

You got stopped too Jim?

Unfortunately yes. Moving on...