EURUSD - Trends, Forecasts and Implications (Part 2) - page 128
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Price falls.... and who wonders who buys all this at a loss should wait....- profit Price goes up .... same thing.... The answer is who sells - that's who buys. And a little more thought and the truth will be spelled out - TA and FA don't work.
They do work, but the price moves in such a tricky way that it is often impossible to make a profit)
they work, but the price moves in such a tricky way that it is often impossible to profit)
It's not moving for you... it's moving against you... And you remember the reversal of the EUR from 1.19 - on the news, Sarkozy was babbling about optimism, Merkel kept on about a ban on short positions... - they were out of the loop, they don't own the eu (practically), it was reported in the back of negative news (de-rating Greece) that big hedge funds are buying the eu - where is the Fundamental analysis?
Where is the Fundamental Analysis? Maybe today just started the rise of Dollar Index which was going down all last week on the back of Canadian and Aussie growth, Euro Index is going down, franc pulled it down quite nicely
http://imglink.ru/pictures/12-07-10/367ba35cfb0b1ed0a4f9f7e600a1327a.gif
In the chart, red is the dollar index, blue is the euro index, blue is the franc index - the indices have no common axis - only the moment of trend change for the indices is of interest
Individual market situations work...
Individual market situations work...
They don't work, but they add up and match your orders profitably (a special case), I already wrote that there are at least 2 other regularities....
It moves not for you... but against you...
Well said.
Today is the start of the 2Q reporting season for US companies!
Do you think they will report well???
they work, but the price moves in such a tricky way that it is often impossible to make a profit)
Stuck in the in-between.
It is not moving for you... but against you... Do you remember the EUR reversal from 1,19 - on the news, Sarkozy started mumbling about optimism, Merkel kept on about a ban on short positions... - they were out of the loop, they don't own the eu (practically), it was reported in the back of negative news (de-rating Greece) that big hedge funds are buying the eu - where is the Fundamental analysis?
the real trick is this: even a baby sees where the price is going and you need to know the most important thing to make a profit: where it will go and in what time frame