Trading the EUR/USD? Avoid this Trap! (Warning!) ❗

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Trading the EUR/USD? Avoid this Trap! Why you need to be careful trading the EUR/USD. This is a trap that many traders fall for. EUR/USD is brutal in the sense that it can trap you in a false sense of security thinking that breakouts are going to happen. This is very prevalent with forex compared to some stocks. The last year or so EUR/USD has been particularly brutal with this. How many times the market will stay in a range but will look its going to rip to new highs or hammer to new lows but it rarely does. OK.

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[valicourt]

I started my trading “career” with forex.
Now I’m trading stocks. Coincidentally I started to make gains after I stopped trading forex.
Now I might be a bad trader but if it’s easier to make money in a different market then why not. A Pound is still a Pound.

[faithkapembwa]

Eurusd is overrated, I wonder why a lot of people tell newbies to trade it

[johnmosbrook]

There are two ways to trade EUR/USD: 1: Wide awake and 2. in a coma.

[Jonescan]

If you want to trade the eurusd, use a demo account....the only way to be happy

[Adamtronik]

Agree, range trading strategies only. I found candles at support/resistance works well.

[joesixpack]

Good vid. I forced myself Not to trade eur/USD again. Same WITH crude oil... My trades never worked well there.

[hiwalkalone]

No support/ resistance is truly support/resistance with this damn pair lol

[destyneeprice]

I have been struggling with this. Thank you very much.

[danielogwara]

The problem with Eur/Usd at the moment is lack of momentum. When momentum returns to this pair we will not be in doubt where the pairs wants to go. A nice indicator to gauge momentum is the RSI.

[rosariodipetta]

It's true. Everyone says to trade eurusd, but it's the most dangerous cross because Trump or Draghi can move strong the market in few minutes.

[amer.h.yawari]

Who uses ichimoku for breakouts? It works very well

[mikeg]

Trade breakouts don’t trade biased emotions.

[s.l.]

its summer yo, if you dont expect pairs to range and get surprised when they dont youre a lousy trader and should become an investor instead.. also never trade breakouts in a low vola market, not even role reversals

[vladimirpopovic]

You can earn more on GBP-USD, GBP-AUD, EUR-AUD

[ignacioluisreigmataix]

Thanks for your help and support . Nice cam of your back!

[iliovininino]

3:53 LMAO!!! Great video Mark, usefull data!!!!

[narayanchapagain]

Every currency has its own history...Thanks for content

[lancepheng]

Yea but u usually trend trade that type of structure I know this because I trade traps in the ES. For that structure I need an exprremely large push up that breaks those two high pivots past the base of the flag pole then does a major pull back. Wait for the bears to try one and try twice, fail then push off top side of moving average after stops get run then move up.

[cappster]

You mentioned you know traders who only trade certain pairs. Do they use correlation to help them decide to when to trade that pair or do they go by other technicals regardless what the currency group may be doing as a whole?