EURUSD—probing lower

Big question right now is whether the Euro will break below 1.2691 since it's testing that level again. I added another short at 1.2742 but I'm going to close it if price starts back up. On the hourly chart below you can see the positive divergence. Also, on the hourly chart one can see an ending diagonal.












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My purpose in writing this blog is to show you how one trader, me, makes trading decisions and survives while trading Forex. One of the biggest problems I had when I first started trading was trying to apply the “rules” to actual trades. Another was the psychology—limiting losses and letting profits run. If you study my blog, you’ll see how I deal with both those issues. So my writings are not trade recommendations but rather educational in purpose. You have to decide on your own approach to trading. Remember that trading is risky.