The most obvious set up of the day......tomorrow is NFP though. I shorted the 4 hour bar though.....so I am in it.
DislikedNice one chris.....
Just a thought and kinder observation that has been on my mind for sometime....Ignored
DislikedYes, I think that's a fair statement to be honest, and it's something I have seen as well. If you think about it, it does make sense. If the people are already leaning in one direction - it takes less force to push them into continuation, to eventually fall over.Ignored
DislikedHave I missed something longing the daily pin on eurjpy of 4 days ago (waited for the pin to be broken)?Ignored
DislikedI had my own thoughts about NFP today, which is one of the reasons I brought it up, and they may be a result of my inexperience, but I'll let you decide.
People who have been investing and trading for decades lost money when the bubble burst in 2007. People who knew bear markets and bull markets, people who should've seen it coming, and one of the reasons I believe, is because in 2007 the US economy more or less completely decoupled form it's fundamental underpinnings. Sales, earnings, PE ratios, whatever people had been relying for most of their...Ignored
DislikedI don't think it cleared that pin by enough personally.....not at such an important point. BUT....this is one of those that could have gone either way really.....
Sometimes, it just happens.Ignored
DislikedI see, the fact is that the order was triggered as a buy stop, probably if I were going to enter the trade manually I would have passed
edit: I'm asking this mainly because I'm at the beginning of a learning process, so I'm insicure, always think that I've done something wrongIgnored
You are correct in my opinion. The fundamentals have completely been left behind. There will be a time when they come back in my humble opinion. When that happens, there will be hell to pay.Ignored