Disliked{quote} Hi, A good readability this morning, even though gbp banks are on holidays. I can't put a number, but it's a classic PA this morning, nothing new. The move down stopped on m5 with this bullish engulfing candle, the resistance is 10 pips higher and the setup is not as i want, so risk/reward is not good enough to make me going long. I'll still wait for now. And about Draghi, it's always a pain in the ass to trade while he speaks. I think we'll have to wait for him to open his mouth, because last time no one knew he could dump the euro like...Ignored
Good deal! I know that Great Britain has that May Day holiday today. I think the USD index wants to go short. However, I always, worry when the daily candle is short for this long when I want to go long. I was doing great last week until Draghi mentioned the negative bank rate holdings thingy. So, only bagged a crumb full of pips last week. Hopefully, this week will be less rhetoric from the Bankers and more liquidity and just pure PA. Well.. wishful thinking at least.
Luck has no place in trading. Leave that for the poker table.