EUR/USD Trend

Will it ever stop? When will the eur/usd start a downtrend? I have just started with oanda around the first of the week and started buying eur/usd at around 1.3988, kept making money buying into it. What I’m afraid of is my luck will run out one of these days while I am riding the gravy train, and the bottom will fall out on me. Now I am using stop loss, and I’m trying to keep up with some pros and one of them says hold on to the EUR/USD that it will rise to 1.49567!! Another vows that we need to be bearish of this pair…I’m confused and am losing a lot of money because I am afraid to risk a big number because of the possible downtrend. What do you guys think? Will the pair continue to rise? And if so, what are you’re predictions? Let me know!!

Definitely no predictions for trading. Just search for eurusd monthly thread There we discuss some outcomes. I guess you have a system, do you? Trade your system and then it needs no predictions. :slight_smile:

per the daily chart, it looks like it may be close to the resistance in a downwards channel (barring any reversal)??? maybe with a bit of steam left to go… i’m also a newbie though so i may be way off…

I really don’t have a system, I’m new at this, just looking at the trends. I’m thinking that what goes up must come down right? I will check out the monthly thread…where is that btw?

what trend are you looking at?

Here is that other thread:

http://forums.babypips.com/newbie-island/36959-eurusd-monthly-27.html#post269844

Well, regarding coming down: The question is not if it will come down, but when. I’ve seen a lot and if people start predicting turning points that is often a matter of losses. :wink:

The other poster here is right what I can see. High probability it will at least retrace. But there is no warranty. Never. For nothing. A 99% probability includes the 1% risk of being wrong. So, a system with sort of tests over the long run will give better insight of an edge and risk and sort of that. That’s why I almost merely trade with systems.

I see it like that: You must also learn how to drive a car. You must have a start and destination point in your trips later. Without, you would just drive around, but never arrive at any destination. A little similar is it in trading. It is way better to learn some basic stuff regarding trading and then gain experience and have a system to follow.

I mean, you obviously don’t know whom to believe and that is completely understandable, because everybody has something else in mind. Only a complete system with entry, setups, exits, risk control, mm etc. can give you objectives regarding your trading. Have you gone through the bp school yet?