Why so much guys here is always trying to pick the top and selling to the clear uptrend and maybe the best sentiment that we had in a long time?
Equities rallied a lot, PIIGs bonds doing very good, greek deal to come today/tomorrow/weekend. ECB LTRO is doing perfect job, another one will be in the end of february and it’s likely that positive market sentiment will continue in coming weeks, though as the European problem has not been resolved yet, the headline risks still remain, but we could see EUR/$ at 1.34/35 after greek PSI deal agreed, also i expect a lot SLs above 1.3250 from longer term shorters - also the last swing low on daily was there and role reversal is in play so if failed we can see nice rally
Its much easier to play the trend, watch the sentiment and reverse ur bias when needed....but dont try to be the smartass and go against the flow - u can lose 10 times until u catch the top
Equities rallied a lot, PIIGs bonds doing very good, greek deal to come today/tomorrow/weekend. ECB LTRO is doing perfect job, another one will be in the end of february and it’s likely that positive market sentiment will continue in coming weeks, though as the European problem has not been resolved yet, the headline risks still remain, but we could see EUR/$ at 1.34/35 after greek PSI deal agreed, also i expect a lot SLs above 1.3250 from longer term shorters - also the last swing low on daily was there and role reversal is in play so if failed we can see nice rally
Its much easier to play the trend, watch the sentiment and reverse ur bias when needed....but dont try to be the smartass and go against the flow - u can lose 10 times until u catch the top
was too chicken to stay short so i guess i will be reloading short again since the long was just a spike.
