I had mixed results today. I won some pips on the long side, then lost more on the short side, the switched again and won 12 pips on a short. It's hard to trade this market. When prices fall, they go down by 50 pips....then they rally by 40 pips before going down some more.

The proper way to trade this would be to short and just HOLD. But at current prices of 1.0550 this doesn't seem a good idea. Although to be fair I thought the Euro was oversold at 1.09. Keep your stops tight and good luck! It's tough out there on the short-term charts.
Translate to English Show original