I see GU & EU going up from here. It may trace back to indicate that it’s falling again. It may give the appearance of a bear market, but it will not. Way ahead is up.
We can all wait & see who’s market reading is correct.
Just remember when it happens, JustMy2Pips tried to help you.
I don’t use any indicators or analysis to trade, fundamental or technical. I don’t watch news.
But I read intentions of big traders, as I see, it’s only up for GU & EU (I only follow those 2 pairs) from now on, until they book profit in their longs.
They want you to think that it’s a top, then you execute sell trades, so that they have volume to buy and it will take those pairs further up.
Looks like bearish divergence is about to happen between eur and gpb. Combined with the commercial traders being net short. I’m about to add to my short position. But ill have my SL set to where I’m overall BE.
Also the heavy resistance. At these levels.
This is just some fun lol pulling out my crystal ball. See what happens somebody get popcorn and take bets lol.
Well, I agree that eur may/will rise. But now I don’t understand your initial remark regarding the bear-trap. Weren’t you referring to the major ralley from yesterday?
i dunno about gbp
but im betting eur will break out sometime in the future
my crystal ball tells me to stand aside until the break out then keep clicking buy buy buy with my mouse
im so confident that im willing to dig thru my life savings (pennies & dimes) to buy this opportunity!
Yea, I think there was a retracement on EUR/USD from about 1.3272 to around 1.3248; that must be the sell you talk about.
Now though, EUR is definitely heading back up.
Yea, I think there was a retracement on EUR/USD from about 1.3272 to around 1.3248; that must be the sell you talk about.
Now though, EUR is definitely heading back up.
Don’t too much depend on support & resistance.
If I have billions to invest now, I’ll break through all those supports & resistances.
Market is waiting for volume to pickup. Without enough sellers how can they buy?
If volume didn’t pickup they will cut through resistance to induce traders to sell, then they buy, the big traders.
They will show a new monthly low if needed, or they may change their mind and go down. That’s why I’m using hedging.
I just trade my strategy, it gives me buy signal. But I have to depend on other traders to move the market, don’t I?
Think about that too.
I’m long GU @ 6150 and averaged it at 6050. Still holding both of them, protected by hedging.
I think today is going to be a ‘[B]Super Breakout Friday[/B]’.
