Speaking of Herd Traders, i often ask this question..
As an example,
we have a Resistance Level , the bar moves up to it THEN WHAT??
The Breakout Traders will Long, and the Retrace Traders will Short.
only one group are right BUT they both can be right if they take a pre determined small profit.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
Starting the new week short AUD&NZD, which are cash long in trade explorers. Same with GBP. USDCAD is cash short, so I've gone long. USDJPY remains unchanged even though it's a our biggest open loser along with the winning (so far) EUR and GBPJPY cross. I may adjust daily if the balance changes intra-week.
