Eximir I think your getting a little worked up in defence of your stance I never asked you to defend it, I merely added an opinion on why I believe this pair is going for a correction, isnt that why this forum exists.
I dont care whether you are bullish or bearish, as for chart patterns, I dont make the rules the mkt does and as such plenty of ppl trade what they see in the charts, so you can argue and deny all you want but ultimately if the herd says sell cause that's what the analysis is telling them I gonna sell for the same reason if the charts were saying buy I would be buying.
Economic data for the most part dosent lie and like it or not its been piss poor lately and Bank governors and economists or anyone else for that matter can jawbone all they like the money follows the strength.
The USD is coming back for a rally at least in Q1 2011 is what I see, QE completely priced in already, its clear in Aussie, Euro and GBP
Simon
I dont care whether you are bullish or bearish, as for chart patterns, I dont make the rules the mkt does and as such plenty of ppl trade what they see in the charts, so you can argue and deny all you want but ultimately if the herd says sell cause that's what the analysis is telling them I gonna sell for the same reason if the charts were saying buy I would be buying.
Economic data for the most part dosent lie and like it or not its been piss poor lately and Bank governors and economists or anyone else for that matter can jawbone all they like the money follows the strength.
The USD is coming back for a rally at least in Q1 2011 is what I see, QE completely priced in already, its clear in Aussie, Euro and GBP
Simon
99% of Traders fail, so don't follow the herd