Disliked{quote} Not following you in the least. Early read is a pullback in a downtrend. If I see a short opportunity after London opens... I'd take it. {image}Ignored
Price Movement
It's the result of Volume that hits the markets with an imbalance to one side or the other.
Volume is triggered when their is an imbalance in the auction process resulting in a value at premium or discount to price.
Value is triggered by institutions consuming available inventory from all exchange rate perspectives (multiple pair) being attacked in generating free yield.
Free Yield is visible for a bank when they recognize opportunity.
That opportunity is visible in cross border capital flow. Money as it moves around the world constantly in search of yield or settlement.
Yet 99% of traders have been taught to focus on price and price action the lagging structure to price itself. That in itself is abstract on the most efficient market in the world.
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