Dislikedeverybody start shorting, please. Its gonna fall from now. The stars have spoken, its gonna bge blood shed.
Damn, guys, cant believe it. This is a serious disease around this thread. I think I will take a break from it.Ignored
As for shorting against a trend and bullish news reaction, it is stupid indeed. I was preaching sweet short price levels and I went long on the dragon after the news, 70 pips in no time, out again, shorted upon resistance signs (243.80 )because of my belief in overbought conditions. It may seem a little strange, and it is indeed against the major trend upwards, but look at the charts now (down 50 pips from the high)... can you not see the beauty of astrology? Anyway, SL set at the high of 244.31. And this "disease" you are talking about got me 1341 pips since last week, including a bad GBPUSD trade...so you are right, follow the price, wait for it to move in your direction, but don't ignore the heavenly signs!!
Virtue finds and chooses the mean.
Aristotle, Ethica Nichomachea