Wednesday, August 17, 2005

EUR/USD 8/17/05

6:30 pm- No Trades

Once again the market was very rangy today. I haven't traded for 2 days and it's killing me! It's really one of my weaknesses as a trader. I always want to trade. However, I am very happy that I didn't enter any trades these past 2 days. The market has just been horrible. During the whole US session, the Euro just bounced from the EU session low to high and then to the low again. There was a break past the low, but it happened after 12 noon EDT. I only like to take signals between 8am-12noon. So I guess I can't complain too much. I didn't lose any more money which means I live another day! Hope you all haven't gotten killed in all of this craziness.

8:45 am- Analysis

Sorry for the late post everyone. My internet was down at home so I'm updating from work. Anyways, like OKL said, there was a fairly narrow range during the EU session so there's a good chance we'll see some good movement today; or at least enough of a move to get in on a trade. PPI was also up today but it doesn't look like it really did anything to the Euro. We'll see what happens. Happy trading everyone!


GFTtrader said...

When you say you take the hi/lo of the euro session, are you taking the hi/lo from 2am to 4am or 2am to 8am? Thanks

Verdizzy said...

By Euro Session I mean 2am to 8am EDT.

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