This Trading Habit Is Killing Your Profits

Why You’re Probably Overtrading Without Realizing It

Honest question, how many trades did you take yesterday? Three? Five? More?

Now, how many of those were actual high-probability setups, not boredom trades, FOMO chases, or “I just want to make something happen” sounds familiar?

Overtrading sneaks up on you. It starts with one extra trade, then another, and before you know it, you’re forcing setups just to feel productive. But trading more doesn’t mean making more, it usually means losing more.

The best traders? They know when not to trade. They sit on their hands when the market isn’t showing them what they need.

And today’s market might just be one of those days. Let’s break down what’s moving and when it’s actually worth stepping in.

Today’s Key Economic Events

Big moves could be brewing today, the ECB’s rate decision and press conference might shake up EUR pairs, while US Advance GDP and jobless claims could stir things up for the dollar. If you're trading these, expect some volatility and keep your risk tight!

Today's Top 3 Charts: Key Levels You Need to Watch

XAUUSD
Gold is currently consolidating near the 2,762 - 2,770 resistance zone after testing the 2,790 - 2,800 level. If bulls break through, we could see another leg higher. However, rejection here may send price back toward 2,730 or even lower toward the rising trendline support. Watch for a breakout or a breakdown from this range for the next major move.

EURUSD
EUR/USD attempted to break above the 1.0523 resistance but failed at the descending trendline, leading to a rejection (circled area). If the pair remains below this level, we could see further downside toward 1.0342 or lower. A breakout above the trendline, however, could open the door for a push toward 1.0675. Watch for confirmation before taking a position!

EURJPY
EUR/JPY is at a make-or-break level, testing the lower boundary of a symmetrical triangle around 161.00. If buyers step in, we could see another push toward 163.77 resistance. But if this level fails, expect further downside toward 159.72 or lower. Watch for confirmation before committing to a trade!

Chart of the Day: EUR/USD vs. US Treasury Yields (10yr) & GOLD

EUR/USD is struggling as rising US 10-year yields put pressure on the pair. Higher yields make the dollar more attractive, leading to a weaker euro. This inverse correlation has been playing out consistently, with EUR/USD dropping as US yields climb.

Meanwhile, gold is defying expectations, rallying alongside yields. Normally, higher yields hurt gold, but its strength suggests safe-haven demand or inflation hedging. If US yields keep rising, EUR/USD may stay weak, but if gold continues pushing higher, it could signal deeper market uncertainty ahead.

Market Sentiment Spotlight

EUR/USD

The EUR/USD sentiment average shows 54.65% of traders are long (buying), while 45.35% are short (selling), indicating a slight bullish bias but nothing too extreme. However, when a majority leans too heavily in one direction, the market often moves against them, triggering stop hunts and shakeouts. If buying sentiment continues to rise, there’s a chance we could see a contrarian move to the downside as liquidity gets targeted. Stay aware of potential traps before committing to a trade.

Daily Dose of Trading Motivation

One of the biggest mindset shifts in trading is separating process from outcome. Just because a trade made money doesn’t mean it was a good trade, maybe it was pure luck, or you ignored your risk management and got away with it. On the flip side, a well-planned trade that follows your strategy but ends in a loss? That’s still a good trade.

Great traders don’t judge themselves by wins and losses alone, they judge by execution, discipline, and consistency. Focus on making good decisions, and over time, the profits will follow.

🔥 Trader Poll: How Do You Manage a Losing Streak? 🔥

Every trader faces losing streaks, it’s part of the game. But what separates the pros from the rest is how they handle it.

When you hit a rough patch in forex trading, what’s your go-to move?

A) Take a break – Step away, clear your head, and come back fresh.
B) Reduce position size – Trade smaller until confidence returns.
C) Stick to the plan – Losses happen, just trust the strategy.
D) Review & adjust – Go back, analyze mistakes, and tweak the approach.

Drop your answer below! 👇 How do you handle losing streaks? Let’s hear it! 🚀

FX Meme of the Day

Upcoming Events to Watch

EUR: German Prelim CPI (Inflation Data) – A key indicator for ECB policy. A higher reading may support the euro, while a weaker print could add pressure.

CAD: GDP (Growth Data) – Markets will watch for signs of economic strength or weakness. A slowdown may weigh on CAD.

USD: Core PCE Price Index & Employment Cost Index – Both are crucial for Fed rate decisions. Higher readings could fuel rate hike speculation, boosting USD, while weaker data may keep the Fed dovish.

Expect potential volatility, especially for EUR, CAD, and USD pairs, as these events could shape market sentiment!

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