Eur/Usd Trade Idea Could Add 10% to Your Account Next Week

Thursday the EUR/USD made a massive reversal to the upside, so what does this mean for the EUR/USD?

Well if we take a look at this reversal this actually has several clues as to where this market could be going. The first thing I want you to notice is that the pair bounced off of a very important support level. And for most of 2015 the EUR US dollar was trading sideways as you can see here. So really the strong move was just a bounce in a ranging market. It has been a very big range but it is still a range.

The next thing I want you to notice is that it had a strong powerful bullish break out with momentum of the current trend line. When the market makes that type of breakout is usually a signal for further gains.

eur Usd Trade

In addition to the trend line break it also broke through a critical resistance point. You can see the red line on my chart has this resistance point drawn and now price is just sitting right on that level. So with all of those elements in play my conclusion is that we will see some more bullish momentum on this pair. The way I would play this is to look for support levels and then when you identify those levels then look for entries on those levels trading this particular way will greatly increase your win rate and your trading profits.

Yesterday I took a trade based on the breakout of the EUR/USD I zoomed down to a 15 minute chart and I entered long on a pullback because of the price action that I described above. This particular trade moved really quickly right into my target and I made a nice 10% gain on the trade.

It’s days like that that make trading fun because you only have to enter one trade for short period of time make a few pips and make 10% in as little as an hour. Now those types of trades don’t happen all the time but when they do it’s fantastic.

Please Leave a Comment on What you think of The Eur/Usd?

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Casey Stubbs is the founder of Winners Edge Trading, which is one of the most widely read forex sites on the web. Winners Edge Trading has trained thousands of people to trade the Forex markets.

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  • Ferdinard

    Quitting binary option and pausing your trading with the markets basically because of recent failures? Well I was at the verge of giving up but on the other hand I understood that giving up wasn’t an option. Only then did i meet my breakthrough, I meet this professor of mathematics whom offered me all I needed whom I now consider to be my mentor. Thus giving me directions an focus and today I have device a means which has earned me so much profit beyond my imaginations. Well if you are faced with same challenge, here is your breakthrough. With a very small investment, you could make a great fortune…the secret isn’t far fetched. If you desire this breakthrough feel free to connect with me: inbox or email me [email protected]

  • I appreciate it greatly.

  • win

    Keep it up Casey, you are doing a great job and thanks for sharing your trades, I for one understand your strategy fully.

  • Ferdinard

    Quitting binary option and pausing your trading with the markets basically because of recent failures? Well I was at the verge of giving up but on the other hand I understood that giving up wasn’t an option. Only then did i meet my breakthrough, I meet this professor of mathematics whom offered me all I needed whom I now consider to be my mentor. Thus giving me directions an focus and today I have device a means which has earned me so much profit beyond my imaginations. Well if you are faced with same challenge, here is your breakthrough. With a very small investment, you could make a great fortune…the secret isn’t far fetched. If you desire this breakthrough feel free to connect with me via Skype:ferdinardriley or via mail: [email protected]

  • Thanks Clemont, keep reading the blog and responding to comments, I have lots of good tips for traders all the time.

  • DAMOAH CLEMENT
  • Alex Pomorin

    I am done with this discussion. Thanks Casey

  • Alex,

    This website is designed for friendly trading discussion with the purpose of helping people. I like that you are passionate about your system. But please be willing to allow other people to share their views.

  • Alex Pomorin

    And you are wtong again.
    Every narket maker has consolidated feed where they see all volume.

    And a few years ago the same infirmation become available to so called rerail traders.
    Why you people talking on the subject having no idea about market of fx.

    Why dont you go learn.
    Why dont you look into companies providing institutional level of volume feed.

    For your infirmation without this consolidated flow
    NO MARKET MAKER WOULD BE ABLE to make money.

    They do not trade on stupid batterfly patterns .
    Please stop this stream of incompetense.

    I only raised my voice because people who do not know would learn from wrong traders.
    Even if you have never been inside market maker business you should smart enough to understand that they have to see all orders in fx. And it means all volume.

    They do not trade stupid eliot waves or any other trianlge crab patterns.
    The see and they use all market orders.
    It is not my intention to teach stubborn people . But it is very sad that they do not want to know how market works.

  • Thanks Piphunter your right the forex market is completely different due to that there is not a central location to monitor volume.

  • piphunter

    Volume is only applicable for futures trading, there it is more less realistic. It is useless to analyze volume for currency pairs since FX market it is not centralised source of info.

  • Doug that is an awesome comment. Well said and thank you.

  • JF

    hehehehe – lvl II and III and forex.consolidated book – hahaha – omg – roflmao – yeah ok. good luck friend – long live your penny acct.

  • JF

    Battle of wits of an unarmed opponent…sheez

  • JF

    good luck to you – Iqfeed CQS – lol

  • Alex Pomorin

    oh. God. @JF. Why yoy think that you know everything ? Volume is always taken by professionals from professional feed like Iqfeed or CQS. That shows institutional flow.
    Has nothing to do with your broker AT ALL.

    I rest my case. No reason to argue wirh lncompetent people. Please stop this thread. And go learn the subject before yoy post comments like JF.

    So sad.

  • JF

    well put.

  • JF

    Alex, you cannot rely on volume when trading FOREX – simple fact of the matter – your broker doesn’t use the same liquidity providers as my broker does – hence the volume you see on your chart is your brokers and its clients volume only – Besides you are dealing in an auction market when trading forex – IT’S NOT LIKE TRADING STOCKS.

  • JF

    One cannot rely on volume when trading FOREX – simple fact of the matter – your broker doesn’t use the same liquidity providers as my broker does or anyone else for that matter – hence the volume you see on your chart is your brokers and its clients volume only – and excludes mine and all the others. Besides you are dealing in an auction market when trading forex – IT’S NOT LIKE TRADING STOCKS.

  • Doug D

    In response to a few of the posts here let me say that if you lose everything in 5 minutes you aren’t trading properly. Trading isn’t about losing or winning big in 5 minutes. It is about trading with a good plan and making profit over time with consistency. Volume can be a leading indicator
    to detect activity in the market but in Forex which is a decentralized market volume is hard to track and is usually recognizable after it happens, not while it is happening. Finally, trading will never be about “being right”. No one can predict the future with 100% certainty or accuracy. Trading is about proper execution using probabilities on your side.

  • Wow!!!!! I hope you come out during our next contest. I will send you a personal in invitation.

  • Robert I was watching the news when it came out and I traded it. But to be honest I have a hard time understanding fundamentals.

    I have never been good at that type of trading so I don’t do it. I just trade the price action that the news creates. I don’t follow fundamentals.

  • tompinva

    Been trading many many years my friend…..made my first trades way before personal computers, when you had to call your broker for prices. Don’t talk to me judgmentally, you don’t know me. Volume can have it’s place, but is no silver bullet, and to sit here and say it’s the only way to trade, is most misleading. If it works for you, great, keep doing it. But don’t sit there and judge me or any trader, for not using your methods.

  • You mention nothing of the fundamentals involved regarding this trade. I would think as an educator you would. The Market Sentiment may be bullish, however, the present fundamentals are bearish for this pair.

  • Alex Pomorin

    Your decision to go long without understanding what institutional traders are doing – only vilume gives this – was WRONG.
    It does not matter that you won. At all.

    If you look up your own past trades you will find loosing trades made the same way. Because breaking through resistance or holding support means NOTHiNG without volume from institutional traders. Resistance levels are broken all the time. Support levels are broken all the time. See at least some educational videos from gail mercer or from ann coulin or from hawkeye traders. Please do not lead people with wrong trades. There is no honor in it.

  • Alex Pomorin

    Sorry to state this. But tompinva.- you have no idea about trading. Please start learning. You can see ann couling. You can see Gail Mercer. You can see Hawkeye traders. All of them are bringing a real education about real trading. And they are current traders. Living. Teaching. Trading. I will stop argue with incompetence here. No reason. Like teaching trigonometry to a mouse.

    For your own good look up volume based traders I mentioned . It is a help hand extended to uncompenent matures. It is your own choice to ignore it . But fighting against real knowledge will only make you loose your money. You dont need to prove to the world that you are right. Learn And prove to yourself you can trade. Use volume. And learn from professionals using it. Also learn why. Help yourself.

  • Doreen Van Den Heever

    Not bad Casey……but I think I may be able to do better in your next contest. Get Nathan to show you the three screenshots I sent him of about seven weeks of trading starting with a $5000 balance and taking it to $28,000 with 86 trades and not a single loser after the 11th trade. As for that guy talking about “volume”…I say….volume shmolume….neva hoid of de bum..!!!

  • tompinva

    Maybe you are confused about “Margin requirements” and true leverage (position size). What I love about FX trading, I can make a lot of profit without tying up a lot of front money (margin requirement).

  • tompinva

    I agree with Casey, you CAN’T rely on volume alone….talk about dangerous trading! For me “structure” is the foundation of the most successful trades. Is it automatic? Of course not, but tells you when to be alert and look for other clues. In some cases it MAY be volume if that’s your liking, it may be a candle(s) , pattern, or what ever is comfortable for you.
    I say “shame on you” Alex, your babble will make people lose money big time.
    I know people who use 0 indicators on up to several. I like only a couple and only use them as a guide for perspective. Put a chart in front of 1,000 traders and you’ll get 1,000 ideas on what and why is going to happen. Some will say BEAR and some BULL, and BOTH could be right in time. (Just my 2cents)

  • Alex,

    I have never used volume in my trading and have done very well. Perhaps volume would make me a better trader. But to say that volume trading is the only way is wrong. There are many ways to trade successfully.

    Saying volume trading is the only way is like saying that elliot wave is the only way.

    It just doesn’t make sense. I will check out Richard ney and see what he teaches when I have time.

    Thanks for the comment.

  • Alex Pomorin

    It is very sad to see teaching that has nothing to do with good trading at all.
    Same trade should be done ONLY ON VOLUME BASED NUMBERS.

    Volume is the only leading indicator of market movements.
    Every professional trader knows who was Richard Ney and why volume is the key.

    Shame on you Casey for spreading this so called example without volume spread analysis involved.
    This will make people loose their money big time.

  • What type of system do you like? Please share.

  • Marco Della Valle

    I don’t like too much this type of trading. Everyone is a genius after the fact.
    The problem is a trading system that can provide profit for years. Due to large leverage you could loose everything in 5 minute..