Crazy Candlestick Pattern

I just thought I’d point out this rather rare candlestick pattern from last week’s EUR/USD daily charts. This unusual creature emerged on May 29, undoubtedly in response to some piece of news I wasn’t paying attention to at the time:

What you’re seeing here is a 100 pip range, and a closing price just 1 pip above the open. In candlestick parlance it looks like a Doji Star to me, or possibly a

Beware of Sloppiness

Yesterday I made a trade I shouldn’t have, and I made it because I was rushing through my trading routine and not paying enough attention to important little details. In short, I was sloppy. And the result was I lost 21 pips I should never have even risked in the first place. That’s the great thing about forex - you can usually put an exact cost on your mistakes.

In retrospect it’s pretty clear