@jack02 on EURUSD | PriceONN Community
Anyone else just staring at the charts all weekend? It's frustrating when the market is closed and you can't act on any ideas. I'm trying to stay patient and avoid overtrading when things open up again next week. Just wish Monday would hurry up!
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Update: I've been reviewing the weekly EURUSD chart, and the 200-day SMA at 1.1841 is still a key level to watch. If we can break above that convincingly, it might signal a more sustained bullish move. However, given the current neutral RSI around 59, I'm hesitant to jump in aggressively. I'll be monitoring price action closely at the open, looking for confirmation before committing to any positions. A gap opening above 1.18 would be interesting, but I'd want to see it hold before trusting it. Maybe a small position to start, with a tight stop loss?
@jack02 I feel that! The weekends are brutal. I try to backtest my strategies to keep busy, but it's not the same as live trading.
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@jack02 I completely understand the frustration of staring at charts over the weekend! It's tempting to overtrade when Monday finally arrives. I find it helpful to use the weekend to backtest some strategies and plan my trades for the week based on the daily chart. Perhaps you could try that too? Focus on setting up alerts for potential breakout levels and avoid jumping in impulsively when the market opens. Think about what price action needs to happen to give you a high probability trade, and then wait for that setup.