Took partial small scalp, holding from breakeven position, waiting for bull signals in the target area, if it gets there.

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Faded the bull spike to bear trendline, still seeing this a range and bear channel, tight stop.

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EU intraday Meanwhile, added to the short for a scalp to the target area. Stops just up to two pips. >>Took eight pips at double bottoms, expecting bulls to fail here and still allow a lower low.

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EU 5M Waiting for a test to 1.244 to consider a long. Might be a trap before bull follow through into the close of the day. 1.244 area is the minimum measured moved target for the bear breakout from the current range. And would be a breakout test on ...

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EU 5M Reversing to long, as we had a bear trendline break and now a higher low MTR coupled with a double bottom bear flag. UPDATE: Stopped out and re-entered on the bull spike. Likely switching to always-in long, will start looking to buy only.

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EU 4H + Intraday EU testing the 200 EMA, which is an important resistance level. Went short around today's high, managed to catch a position after two small losses. Expecting some congestion at 4H 20 EMA, around 1.242, where I'd be considering ...

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EU Intraday Shorted it as a potential Head and Shoulders on 1H, right shoulder. The rally looked like a strong breakout, but initially it was all overlapping bars on 5M, no strong breakout gap, which means probably a vacuum effect rather than ...

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EU 5M Intraday Trying to catch the fresh HOD as a C point for the selloff. Finally got an entry after a couple small stopouts. Seeing this rally as a breakeven stop test for yesterday's bears, expecting them to defend this level short term if the ...

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EU Big Picture + Intraday Buying pressure is emerging in the bear wedge channel, which is transforming into a sideways trading range where the strength of breakouts and breakout tests becomes important. Bear spike A was the last strong bear spike in ...

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SETUP An interesting price action setup from yesterday. After the first rally and strong close above the moving average, the bears had a spike and channel with three sell climaxes (pushes) with waning momentum, then followed by a failed final flag ...

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EU 5M Some bull strength on the day, but I'm still thinking bearish. Seeing an expanding triangle range, currently in mid range, and favouring a selloff to the 1.2235 (bold red lines) area at least, where I'm looking to reverse to long. Bears have ...

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EU Big Picture Starting to look for longs as the bears approach the clearly established trend channel line on the daily chart. Went long on 5M as a lower low major trend reversal, given the strength of the rally earlier in the day. Still a risky and ...

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EU Big picture for Intraday My two-pence take for next week. The bears proved to be firmly in control last week, we have follow through in the form of an outside bear body. It will be very interesting to see how the market opens tonight. If it's not ...

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Yesterday still finished with a small profit. And today I went long again off 1.248, but this was probably the last time I tried to get into a position before news -- did this three times this week, and each time these small open winners turned into ...

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Got stopped out some repeatedly, but got back in as a fade and took some scalps. Still a bit negative closed P&L on the day, but in open profit, intending to hold for a swing into tomorrow.

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EU 5M ahead of news Going long again. BE position in before the news conference. UPDATE: took a small scalp and leaving with BE stops for the news to play out. Somebody from a bank said on CNBC that EU has potential for a rebound to 1.25. Fingers ...

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EU 5M Positioning for a bull second leg up in the runup to news, hoping to get a position far enough from market in case of good news from Europe. Technically seeing a breakout from a tight trading range, where bear Low 4 has failed and High 1,2,3,4 ...

EURUSD MultiTimeFrame

Review of yesterday plus today. Yesterday I focused on scalping the bull trend until it got to an extreme, which turned out profitable. Then switched to short for a swing, which took three or four attempts to re-establish, but which was successful ...

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What I mean is that this might be his risk capital, but you don't need to put it all in one account (especially a spot fx account). Stories abound of how traders were cheated, through glitches or otherwise, even by seemingly respectable brokers. ...

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I'd say trade fx futures then, open a futures account with a respectable brokerage. And put in the account only as much as you need to trade, not necessarily all the money.

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