EUR/USD

There were some nice bounces on the euro on Friday from 1.4480 up to 1.4529 before it moved lower. The key is to manage the trade if in profit. If you get stopped out you’ll get another chance to get long at a better price. The key is to be nimble in the beginning stages and step up to the plate every time there is a setup. Losing traders will not take the next trade after a couple losses. That is exactly when you must to take a stand. When the uptrend resumes, you will want to be positioned because this is where you can make all of your money.

Look to get long the eur/usd between 1.4350-1.4300. This is a trend trade. The goal is to build up a position and let the trade work. That is how you can generate some nice gains. There are bigger moves in the works and that's why I'm getting positioned on the long side.