EURUSD has been like watching paint dry

Last week I was short EURUSD until I wasn’t. I flipped my position, taking a slight profit, and made some good money (on paper) being long. I decided to hold through the weekend. But it’s been a pretty lame start to the week.

Don’t get me wrong, the overall trend right now on the daily and 4-hour charts is bearish. But the 15-minute and 1-hour charts are both currently bullish with their SMA’s purely aligned to the top side:

Until that changes, I’m staying long. It will be interesting to see what happens as we approach the down trend line resistance currently sitting a bit above 1.1700. Here’s another look from the 4-hour chart:

This recent bottom we’ve put in was pretty obvious. I wish I’d caught it earlier. Take a look at the bullish divergence on the daily chart I’ve marked in orange:

So yeah, I could have gotten out earlier with more of a profit on my shorts, but at least I made some money and got out before getting crushed. I’ve been largely focused on EURUSD the past few months, trading mostly futures via Think or Swim, although I am trading a smaller Oanda account too. I’m also considering blogging more, but focusing on shorter, off-the-cuff posts like this one. Curious what you all would think of that.

Geppy Forex

I began trading forex in 2005. It took me seven years to figure out how to be consistently profitable. I blog in an effort to hopefully help other aspiring traders become successful much sooner than I did.

4 thoughts on “EURUSD has been like watching paint dry

    1. Hi Tundeapt, glad to be back! The family is doing great. Baby Geppy is now toddler Geppy at almost 1.5 years old. We’re settling into our new home and Pippa (our puppy) is loving the nearby park and all her new friends. I take her to play with them all twice a day! We have another baby Geppy on the way!

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