DislikedI take it TAH you believe markets are going to drop lol
Me to just added shorts to eurchf, eurusd, and eurjpy, plus short dax, its getting so extreme on the daily charts that my elastic band is going to snap back within the coming days
The SM are not buying these markets to go up, but distributing to go DOWN !!!!Ignored
Andy, that is exactly what I am saying! Take EU for example. For months now BM has been pumping it. Why? The Euro sucks, and now with President Obama re-elected there is improved opportunity for USD ressurection that the Euro can only envy. So, why does EU get pumped, continuously? And, gee, isn't it quite the coincidence this series of pumps began with Obama's re-election! Big Money. BM is systematically taking out Weak Hand shorts. By the time the Big Price Fall comes, who do you suppose are going to be the biggest holders of EU shorts? Geez!
But, when it comes to trading, the PA each day on the M15 chart entering into, and thru the LS is what counts. Nothing else counts. Why? Simple. BM might decide to move price up or down, no matter what their overall strategy is. After all, no strategy works if it does not offer incentive for "wrong side" traders to flock to the bait. And those moves for "wrong side" traders are perfectly good Sonic R. setups and trades. Just don't get greedy and overstay the welcome.
And Andy, I wish you'd post more frequently here. Your attitude is refreshing!