Classic with momentum. I suspect there were many long stop orders at the whole number. Once bulls became convinced of the bear move they covered their longs. This combined with new bears entering the market helped push the market lower to the next whole number. Bulls fear about how low the market will go and bears greed not wanting to miss the move gave momentum to this trade. BYW, I still don't trust the CHF pairs.
- Post #79,842
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- Mar 14, 2015 2:00am Mar 14, 2015 2:00am
"Bulls make money, Bears make money, but hogs get slaughtered"
- Post #79,843
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- Mar 14, 2015 12:32pm Mar 14, 2015 12:32pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,247 Posts
- Post #79,844
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- Edited 1:41pm Mar 14, 2015 1:16pm | Edited 1:41pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,247 Posts
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- Edited 3:39pm Mar 14, 2015 3:28pm | Edited 3:39pm
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- Edited 1:03pm Mar 15, 2015 12:17pm | Edited 1:03pm
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- Mar 15, 2015 5:54pm Mar 15, 2015 5:54pm
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"What would you attempt to do, if you knew your success was a certainty?"
- Post #79,850
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- Edited 9:19pm Mar 15, 2015 8:52pm | Edited 9:19pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,247 Posts
- Post #79,851
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- Edited 10:23pm Mar 15, 2015 10:08pm | Edited 10:23pm
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- Mar 16, 2015 2:07am Mar 16, 2015 2:07am
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- Post #79,856
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- Edited 11:49am Mar 16, 2015 9:09am | Edited 11:49am
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