Daytrader21's Blog

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EUR/USD Bull Trap (Part 2)

If you have been following my blog yesterday I've made a prediction on EUR/USD saying that we're heading lower and the spike up that happened during the yesterday's London session is just a bull trap, you can check out my blog post here: EUR/USD Bull Traps
Now we can look back and see how price action developed after I've made that prediction. In Figure 1 you can see the chart that I was posting it yesterday. At that point I said the fact that we couldn't close above the resistance level and …
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EUR/AUD - Trading With the Trend

Yesterday I've got in a long EUR/AUD position which I had to mange according to current market conditions. If you have been reading my blog you should know by now the importance of trading in the direction of the trend. I want to emphasize this: that no market is to high to be bought or to low to be sold. When trading with the trend you have the momentum going with you, and even though the market starts moving against you by having the momentum on your side you'll find that more often than not t…
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