One more note for the day. It is about becoming cannon fodder.
Sitting here at lunchtime there was a sharp selloff in the USD. Suprise, suprise it was after 12 noon est and before 1 pm est
There are computer driven short term funds that whack the market to flush out your stops. After they drive you out and then run into the real market they quickly close out the move and head to the bank.
When the markets are thin such as off trading hours these predatory programs will strike. They cannot hurt the real market but they will hurt you the small trader.
Use them to enter positions as they will invariably be countertrend initiated and will bring the market to what should become solid reistance or support whichever the move may be.
From me personaly, screw them the originators of these things.
Sitting here at lunchtime there was a sharp selloff in the USD. Suprise, suprise it was after 12 noon est and before 1 pm est
There are computer driven short term funds that whack the market to flush out your stops. After they drive you out and then run into the real market they quickly close out the move and head to the bank.
When the markets are thin such as off trading hours these predatory programs will strike. They cannot hurt the real market but they will hurt you the small trader.
Use them to enter positions as they will invariably be countertrend initiated and will bring the market to what should become solid reistance or support whichever the move may be.
From me personaly, screw them the originators of these things.