Thank you Markus, hope you are fine & all the best in 2013..
In-order to avoid being an cannon fodder I have no choice but follow the paths of the Elephants (non-commercials, or Large speculators) for they are in it for the money only & have the ammo to move the market as a group.. Whereas the Commercial hedgehogs have no choice but to buy the underlying asset at market in-order to protect themselves against future price movements..
Anyways, the truth is reflected in our charts..
http://www.forexfactory.com/attachme...1&d=1357620450
http://www.forexfactory.com/attachme...1&d=1357634656
"Anticipation is the mother of all FX Evil..
He who keep anticipating bottoms, gets piece on Earth..
He who keep anticipating tops, gets peace in Heaven.." Fx_ConfusCius
In-order to avoid being an cannon fodder I have no choice but follow the paths of the Elephants (non-commercials, or Large speculators) for they are in it for the money only & have the ammo to move the market as a group.. Whereas the Commercial hedgehogs have no choice but to buy the underlying asset at market in-order to protect themselves against future price movements..
Anyways, the truth is reflected in our charts..
http://www.forexfactory.com/attachme...1&d=1357620450
http://www.forexfactory.com/attachme...1&d=1357634656
DislikedHi CDN,
hope you had a good start into 2013 as well :-)
Regarding the smart-money:
the non-commercials are not the "right" smart money, because they are speculators like you and me (only with more many in their bags - unfortunately :-) )
The real smart money are the Commercials and they are now net-short
Ignored
"Anticipation is the mother of all FX Evil..
He who keep anticipating bottoms, gets piece on Earth..
He who keep anticipating tops, gets peace in Heaven.." Fx_ConfusCius