Euro update

They say trading is alot like surfing...with the waves of the market being compared to the waves of the ocean.. sometimes, the waves are very easy to see, and if you follow my last Euro updates, you will see what i mean... The correction down from 1.4350, and the rebound from 1.4150 were textbook plays.. of course, the market isnt always so generous, and 'clear', and usually we can only be 100% sure of a wave count only after it is completed..All we can do therefore, is find the best set up, be patient, disciplined and true to ourselves to follow the plan till the end....That means waiting for your targets, and cutting your losses short.. The hardest part about the markets in my opinion is the 'waiting' part.. many men can be right about a direction of an asset, but very few will be able to sit it out.. More on this later..

Bounce at the 1.4150 line and i believe we head up from here.. Most retail traders will be shaken out from the volatility, sitting on the edge of your seat, watching each tick up and down makes it a difficult task, but the trick is in putting your stop in, and accepting that you will (1) get your stop hit. or  (2) get your target.

Of course, taking some profit halfway helps cool the nerves and keep the account healthy and growing..Unless of course, you're sure, lol, and in that case its ok to be greedy : )