Hi guys I am a London trader been trading for last 6 months any one got any good opinions for where the market will go in next few days with fiscal cliff. Any other questions feel free to ask.
“You don’t need to know what will happen next in order to profit from whatever happens next.” - Michael Covel, the author of Trend Commandments
What is a trend? You don’t spot trends, you don’t find trends. You react to market movements, and hopefully at the end of a big move, a big trend, you will have made great money from that big trend.
All trends are historical. None are in the present. There is no way to predict or determine a current trend, or even define what current trend might mean. You can only determine historical trends.
So, Londonboy, just be patient and react to whatever the prevailing market movements! Forget about trying to predict were price will go " Those with knowledge don’t predict, those without knowledge predict" Tsu Lau 18th BC