Today in algforex.com we did have EUR/USD reversion Long since 1.2051. After 20 - 30 pips of Profit Stops near Entry.

We still do not Sell EUR/USD.Reversion long from 1.2067.

New people doing O.K.. They did Sell 1.2077. Moved Stops near Entry after some Profit 30-40 pips.

Many times when price is running like a mad train on steroids, it is very unsettling because all of your emotions are screaming for you to jump aboard. The problem with that is many time that same train that seduced you aboard will often abandon you at the station leaving you wondering what happened??????

One of the most difficult temptation to resist in trading is the urge and beckoning to follow running price. Running price will often leave you stuck at the top or abandoned at the bottom. When your eyes see price running, all of your emotions are screaming for you to jump aboard. DON'T DO IT! Many times it is a trap that will leave you licking your wounds. When you get off of the ground all scraped up, you still aren't sure what happened because you were in harmony with your trend. Many times price will speed up just before the critical end of that run.



Now if you are aboard a trend and price starts on super steroids x 20 then you might want to begin looking for the nearest exit point. It doesn't always happen like that, but I have seen it often enough that I never jump into running price, even though my emotions are still screaming for me to.

While I am looking at price accelerate, I am thinking "look at all of that money you missed, and you knew it was going to keep going" or thoughts like "crap you should have gotten in, you missed your chance." My Friend the market will give you another chance!

I would rather miss out on an iffy trade for a sure one any day. When things settle and I can see a clear advantage then I can enter the market with logic instead of emotions....

Study Your charts and learn the price rhythm of your currency pair or pairs


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Yesterday in algforex.com our prediction was that we'll see reversion from 1.1967 until 1.2077.I'll Sell 1.2077 smaller amount. For new people Stops 25 pips. If you are new, later take some 30-40 pips of Profit and move Stops near Entry.But never close Trade 100% if it is in Profit.Old Traders we trade EUR/USD Short long time we do not scare about reversions to much.We at support levels taking