There's nothing random about the market...the big boys that print the candles are math freaks. They always go to the math, (you just have to know the math the big boys use)...sure a missed number here and there will cause some short-term shakes, but the agenda of the big boys remains the same. Central banks can change a 5-year trend with just a few words, and we all know, (or at least should know), to be very cautious at those times. Now, I typically don't trade the E/U due to all the robots in it...why are they in it you ask? Because all the dumb money trades E/U due to the low spread and the big boys along with the algo guys know it's easy money for them. With that said, the math gave me a great opportunity this week and I took advantage of it, and still am at the current moment. The next major decision point is at 1.0516...a convincing break below that will take the trade to 1.0444, (not because it's a previous bottom, because the math tells me so). At the point, I'll take my 400 pips or so and call it done for the EU/USD for a while until another opportunity presents itself.
Don't trade the noise