http://cloud.forexfactory.com/attach...1&d=1250021417
Indeed, but let's try to spin it in our favor.
At this point (in the middle of your 3 and 4) either long or short is a Gamble.
From your chart above there is a chance of a reasonable bounce from 1) where your 4 is, and 2) where your 5 is, and if not, 3) from where your 2 is. At these points, it will be Calculated Gamble.
DislikedI have been Euro bull. this is roulette ............, so could the currency markets.Ignored
At this point (in the middle of your 3 and 4) either long or short is a Gamble.
From your chart above there is a chance of a reasonable bounce from 1) where your 4 is, and 2) where your 5 is, and if not, 3) from where your 2 is. At these points, it will be Calculated Gamble.
The Thief of Wall Street