Is it just me or....???

[VingTsun]

Hello guys and gals....

As i am still in learning process (as we all are,right?!) i have traded just EUR/USD from 1H chart till today.Today i have started to watch USD/JPY.
The cause of that is that i had hard times last few days with finding a good trade on EUR/USD.I mean there were some ups and downs mainly caused by news.So what i want is just to check out with community;Did you also had hard times last few days with EUR/USD?I dont know,may be it is just me and mine lack of knowledge..
When i have added U/J to mine repertoire it was like holiday for mine eyes
It was really B.I.G. difference..
Now i feel like i have done a mortal sin with breaking the "one pair while learning" rule
So that is all from me...for now.I was just curious to see what do you think about subject...
Best regards!
VTK

[Yarcofin]

I bought EURUSD last night and took a 50 pip profit this morning, but I was pretty lucky to catch it close to the top.

You have to keep in mind that there are two parties involved in a trade, someone has to buy and someone has to sell... so there is always going to be someone having a hard time with one currency while someone else is getting rich.

Overall though yes, I have been getting very mixed signals from EURUSD for the past two weeks or so. Last night was the first time I had pretty clear indicators, now I will probably avoid it for the rest of the week unless things clear up again.

[VulcanClassic]

I don't llike the pair and don't mess with it too much. It seems to just go sideways for a time then jump to the next plateau. Difficult to read.

I don't know, it must be more news driven than technically driven.

Yarcofin, looks like Aud/Usd hit some support eh.

[VingTsun]

Originally Posted by Yarcofin

Overall though yes, I have been getting very mixed signals from EURUSD for the past two weeks or so.

Yep,that was mine point
All i got out of this pair for some time was mixed signals,low odds and low possibilities.Last "clear" U/E trade i made on wednesday.
OK,thanx Yarcofin!It looks like i am gonna to be unfaithful to mine first FX love
U/J looks like one sexy couple so i will try them
Cheers,
VTK

[abner]

no i don't have any problems trading either pair, I trade them each and every day and i make profit on them each and every day.

when you trade a system like mine that knowone else trades then you don't have those problems.

[Simy]

I've been loosing so much on the EUR/USD but basically because I won't wait for clear signals and confirmation, an expensive (-$20 or so) string of mistakes.

Thankfully I've been making it up in other currency pairs, well, not quite making it up, but not letting myself loose all of it at once, my account is -$6 right now (a week or so being live)

[akeakamai]

Personally, I wouldn't give up on a pair because of some volatility. This is just the inherent disadvantage to trading smaller timeframes. Those spikes will never go away, for any pair, but you can learn to adapt to them (by trading other timeframes) or by staying out of the market during potentially significant news releases.

Don't let volatility ruin you, you have a great amount of control over it. A flexible system can incorporate multiple timeframes depending on volatility, using position sizing to compensate for the change in relative price movements.

Having said that, I fully support your decision to expand beyond 1 pair. Markets change, and certain pairs become easier or harder to trade, and if you have the flexibility to recognize this and move to the easier pairs, then you'll be much better off. I look at 8 different pairs, not because I want to trade them all, but because it gives me a good vantage point to assess where the movement is originating from.

ie. if EUR/USD is going up, how do I know if that's because the EUR is strenghtening or because the USD is weakening? Well if I pull up EUR/GBP and notice it's flat, then I have a better clue that the price is coming from weak USD, not strong EUR. This knowledge can then allow you to look for other opportunities where that knowledge might allow you to make a good trade in a different pair, such as shorting USDJPY.

[triphop]

VingTsun,

I'd agree with you - EURUSD has been playing nastily for a couple of weeks.

There have been massive swings due to oil fluctuations, and a couple (2 I think) times of huge downward movement with no news, speeches or any other fundamentals changing.
The mammoth exhaustion spike on the 31/7 will have bust out a lot of stops too.

But she's usually pretty well behaved so I haven't kicked her out just yet

[pablopluto]

Originally Posted by Simy

I've been loosing so much on the EUR/USD but basically because I won't wait for clear signals and confirmation, an expensive (-$20 or so) string of mistakes.

Thankfully I've been making it up in other currency pairs, well, not quite making it up, but not letting myself loose all of it at once, my account is -$6 right now (a week or so being live)

Simy,

Wait for your signals. Thats what you have to do. Stay disciplined. Look at it like Angelina waiting for her AIDS results. Wait until you get the its all clear to move into a trade/her. Your account has suffered because your anticipating the market. Dont do that. Check more than one time frame then make a trade you will increase you pips. I started with 1K now I trade 6 lots. Its about being a sniper, shooting when you got it.

[VingTsun]

It looks like we had peaceful time before major storm on the EUR/USD
Bears have beat the crap out the market