2015-10-21_23-47-25eurusd

The market may trend or not.

When it trends the moves are easier to understand but when not then the trader should be careful.

He or she should not expect moves of 100 pips if the price action is erratic.

It also means that traders are concentrating on another currency that is probably trending hence the lack of energy, impetus or momentum in the price moves.

Once I saw that price had a sideways moving 200 moving average I started to be cautious.

I placed the symetrical triangle and waited for an outbreak of price. That is the only trade I took today being infront of my screen at that time that made sense to me on this currency pair for today.

But you need to avoid to have big losses when the market moves sideways. Concentrate on trends and try to go for the easier pips.

BEST OF PIPS

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