Again, I don’t understand funny mentals – there is no logic in it for my simple mind to understand. All I need to know is that if price goes from 1.5000 to 1.5050, there are MORE BUYERS than sellers.
I don’t read financial newspapers, magazines or anything remotely connected with finance or business. I don’t watch much TV, only CNN News, ABC World News and BBC News America and walk out when they discuss the markets.
I don’t look at Bloomberg, Reuters online or other online financial sites. (That’s why Blackeagle had to tell me about SNB and EURCHF and why Nicola (elitejets) is our EVENTS CO-ORDINATOR).
I have no respect or time for talking heads and analysts in general.
Remember, all these people are part of the media conspiracy – they are paid to SELL NEWS. If there is no news, they INVENT news. They have to be saying something otherwise they would be out of a job.
When I used to watch financial programs, the analysts made me laugh in the different reasons they used to conjure up as to why a market went up or down. It went up because Crude went up – however, nobody ever challenged them with “WHY” – why did Crude go up?
It quickly became apparent to me the game that was being played and that the obvious was too obvious for them to realise.
It went UP because there were MORE BUYERS than sellers
It went DOWN because there were MORE SELLERS than buyers.
However if you were a financial show host or analyst and said that, how long do you think you would keep your job? The public LOVES to see emotion, blood, carnage, accidents, death, destruction, etc.
I don’t read financial newspapers, magazines or anything remotely connected with finance or business. I don’t watch much TV, only CNN News, ABC World News and BBC News America and walk out when they discuss the markets.
I don’t look at Bloomberg, Reuters online or other online financial sites. (That’s why Blackeagle had to tell me about SNB and EURCHF and why Nicola (elitejets) is our EVENTS CO-ORDINATOR).
I have no respect or time for talking heads and analysts in general.
Remember, all these people are part of the media conspiracy – they are paid to SELL NEWS. If there is no news, they INVENT news. They have to be saying something otherwise they would be out of a job.
When I used to watch financial programs, the analysts made me laugh in the different reasons they used to conjure up as to why a market went up or down. It went up because Crude went up – however, nobody ever challenged them with “WHY” – why did Crude go up?
It quickly became apparent to me the game that was being played and that the obvious was too obvious for them to realise.
It went UP because there were MORE BUYERS than sellers
It went DOWN because there were MORE SELLERS than buyers.
However if you were a financial show host or analyst and said that, how long do you think you would keep your job? The public LOVES to see emotion, blood, carnage, accidents, death, destruction, etc.
15 YEARS OF PASR ON FOREX FACTORY!