Dislikedkarthik,
Looks at eurusd PA in H1 price had broke thru -1/8 at 1.31226 and reversed up and stop at 0/8 at 1.31865. Do u think eurusd will continue up from here to at least 2/8 at 1.33057
regards,
bcIgnored
as EU has broken thru important resistance points, it does look good for more...but as i said, i dont try to predict price movements too much into the future...no one can...and the market makers make it a point to make a fool of us by pointing us in one direction and taking the market into the other direction. I have got tired and sick of trying to outguess the market. Dont try to do that. I can challenge anyone anywhere (apart from the market makers, of course) that they cannot consistently predict what the market is going to do.
I can see that a lot of traders in here try to outguess the market and make some wild predictions (155 here we come, 128 here we come etc.) only to change their stance to the direct opposite in 2 days time...all this really makes me laugh...seriously...i could easily point out each of their mistakes on how they kept changing their prediction every 2 days but its a waste of time actually.
so, dont try to assume or predict....just trade what u see...as said before, decide whether u r a scalper or swing trader and trade what u see...i am a scalper and so i really dont care where the market goes...