EUR/USD evaluation

hello

Well I have been trading the EUR/USD for a few weeks now and I have not been impressed with the smoothness of this pair. let me explain.

first thing is it is an attractive pair in the fact that for the broker I have been using the spread is only 2 pips. and that is a good thing always, because the less you give your broker the more you will put in, or keep in your pocket.

But here is the rub, and when you look at the flow, for the most part it is like most pairs and can be traded using the one hour trade plan

The problem is in the fact that when the news, during the day is happening on capitol hill, the fluctuation of the pair can be misleading and quit choppy. For instance I have been watching a four hour candle and it has had a 58 pip swing, I know that that does not sound bad ,but most of that went up and down 4 times in about 2 hours.

This presents a problem when trading, and trying to find the flow of the chart. this kind of movement on the 4 hour chart represents fast moving choppy candles on the smaller charts and if you have a tight stop loss this could very well put you behind the 8 ball, no matter what trade plan or system you are using.

I have found that the EUR/USD does this often during the day, other pairs have this situation happen as well. It is prudent to keep this in mind when analyzing your charts for set up on the one hour trade plan or any system you are using.

I welcome your comment and look forward to seeing them