Some of you are forgetting the most basic and fundamental rules of the markets.
- Markets don't need a reason to move
- Markets are driven by supply and demand
More buyers than sellers price go up
More sellers than buyers price go down
Don't waste valid neurons trying to explain the reasons behind the moves, this will lead you nowhere imho
...unless you seek a job of market analyst
They have logic and fundamental facts behind their actions.
Yes you are right, Euro may go to upto 1.4700 but after breaking 1.4446 resistance.
On short term (hours,days, maybe even weeks) your are right. On long term, those buyers and sellers of your need reasons to do what they do. Commercials and investment players dont just buy and sell out of the blue
...and if these fundamentals don't go with their trade, they change fundamentals ( and/or create new ones) and communicate to public through print and broadcast media...
Some of you are forgetting the most basic and fundamental rules of the markets.
- Markets don't need a reason to move
- Markets are driven by supply and demand
More buyers than sellers price go up
More sellers than buyers price go down
Don't waste valid neurons trying to explain the reasons behind the moves, this will lead you nowhere imho
...unless you seek a job of market analyst
I think, if it decides to go up, will pass through this resistance like knife through butter. So many hungry sharks for so many days waiting for it to get even near to that level.
Some of you are forgetting the most basic and fundamental rules of the markets.
- Markets don't need a reason to move
- Markets are driven by supply and demand
More buyers than sellers price go up
More sellers than buyers price go down
Don't waste valid neurons trying to explain the reasons behind the moves, this will lead you nowhere imho
...unless you seek a job of market analyst
that actually crossed my mind. i was thinking, "is the movement of the charts really created by the media (news, or source) or is the media just making news out of the movements?"
i'd like to think sometimes its the first one, and sometimes its the latter... but more often the latter. because if its the first one, i should've started making money long ago.
Sure, it is the rule of movement but if we follow this rule then we have to think that from 3 days traders are on holidays.
