Where are the buyers above 1.305?
They vanish.
- #587,261
- Jan 23, 2012 1:04pm Jan 23, 2012 1:04pm
- Joined Apr 2009 | Status: Non-Member | 4,719 Posts
- #587,263
- Jan 23, 2012 1:10pm Jan 23, 2012 1:10pm
- Joined Jan 2011 | Status: Trader | 2,680 Posts
AVT INVENIAM VIAM AVT FACIAM
- #587,264
- Jan 23, 2012 1:24pm Jan 23, 2012 1:24pm
- | Joined Dec 2011 | Status: Trader | 1,121 Posts
Are you trading with $500 billion capital? How do you know there are no buyers? This is exactly why there are buyers, aslong as you are a seller
Daily Close for 1/04/2012 = 1.30718
and the day before that and before that.
My point is, the buyers who might be willing to buy above this level are not convinced yet.
- #587,266
- Jan 23, 2012 1:32pm Jan 23, 2012 1:32pm
This is a great example of why so-called technical "patterns," like indicators, are of little to no use.
Only a major FUNDAMENTAL trigger is going to end this correction and send the price back on its downward trend.
I'll be waiting for THAT, whatever and whenever it may be, instead of trying to predict market direction based on chart movements.
The traders who claim that it isn't necessary to bother yourself with the fundamentals are going to have a hard time trying to argue that in THIS environment. Simply put, they're just lazy and don't want to take the time and effort to monitor and keep track of and try to comprehend how the news is affecting the markets.
So instead, they put all of their eggs into the technical "patterns" basket, which is the REAL "smoke and mirrors."
Only a major FUNDAMENTAL trigger is going to end this correction and send the price back on its downward trend.
I'll be waiting for THAT, whatever and whenever it may be, instead of trying to predict market direction based on chart movements.
The traders who claim that it isn't necessary to bother yourself with the fundamentals are going to have a hard time trying to argue that in THIS environment. Simply put, they're just lazy and don't want to take the time and effort to monitor and keep track of and try to comprehend how the news is affecting the markets.
So instead, they put all of their eggs into the technical "patterns" basket, which is the REAL "smoke and mirrors."
- #587,267
- Jan 23, 2012 1:53pm Jan 23, 2012 1:53pm
- | Joined Apr 2011 | Status: Trader | 1,152 Posts
MMMYYYKKK
- #587,268
- Jan 23, 2012 1:53pm Jan 23, 2012 1:53pm
This is a great example of why so-called technical "patterns," like indicators, are of little to no use.
Only a major FUNDAMENTAL trigger is going to end this correction and send the price back on its downward trend.
I'll be waiting for THAT, whatever and whenever it may be, instead of trying to predict market direction based on chart movements.
The traders who claim that it isn't necessary to bother yourself with the fundamentals are going to have a hard time trying to argue that in THIS environment. Simply put, they're just...
- #587,269
- Jan 23, 2012 1:58pm Jan 23, 2012 1:58pm
- Joined Jan 2011 | Status: Trader | 2,680 Posts
AVT INVENIAM VIAM AVT FACIAM
- #587,270
- Jan 23, 2012 1:59pm Jan 23, 2012 1:59pm
- Joined Aug 2008 | Status: Fear makes us see who we really are | 4,822 Posts
They think they are smarter than I am.
This is a great example of why so-called technical "patterns," like indicators, are of little to no use.
Only a major FUNDAMENTAL trigger is going to end this correction and send the price back on its downward trend.
I'll be waiting for THAT, whatever and whenever it may be, instead of trying to predict market direction based on chart movements.
The traders who claim that it isn't necessary to bother yourself with the fundamentals are going to have a hard time trying to argue that in THIS environment. Simply put, they're just...
Also Volumes (especially Volume Spread Analysis) Show You where the Smart Money go before/after a News/Roumour.
Trade well my Friend,
Doctortyby
- #587,274
- Jan 23, 2012 2:03pm Jan 23, 2012 2:03pm
- Joined Jan 2011 | Status: Trader | 2,680 Posts
AVT INVENIAM VIAM AVT FACIAM
- #587,275
- Jan 23, 2012 2:05pm Jan 23, 2012 2:05pm
- | Joined Dec 2011 | Status: Trader | 1,121 Posts
People lie, companies lie, governments lie, especially governments lie to meet their own designs.
None are to be trusted.
The tape tells the COLLECTIVE TRUTH of all known market knowledge at a given moment.
That said;
Your inability to accept the value in other peoples views I would suggest is more to your detriment than anyone else's
Just a thought.
If your mind is made up why bother perusing the broad range of ideas presented on this board.
Seems a waste of time.
I find value in both technical and fundamental perspectives.
None are to be trusted.
The tape tells the COLLECTIVE TRUTH of all known market knowledge at a given moment.
That said;
Your inability to accept the value in other peoples views I would suggest is more to your detriment than anyone else's
Just a thought.
If your mind is made up why bother perusing the broad range of ideas presented on this board.
Seems a waste of time.
I find value in both technical and fundamental perspectives.
This is a great example of why so-called technical "patterns," like indicators, are of little to no use.
Only a major FUNDAMENTAL trigger is going to end this correction and send the price back on its downward trend.
I'll be waiting for THAT, whatever and whenever it may be, instead of trying to predict market direction based on chart movements.
The traders who claim that it isn't necessary to bother yourself with the fundamentals are going to have a hard time trying to argue that in THIS environment. Simply put, they're...
- #587,276
- Jan 23, 2012 2:05pm Jan 23, 2012 2:05pm
- | Joined Apr 2011 | Status: Trader | 1,152 Posts
MMMYYYKKK
- #587,280
- Jan 23, 2012 2:09pm Jan 23, 2012 2:09pm
- | Membership Revoked | Joined Aug 2011 | 1,123 Posts