{quote} back in the days, market was correlated more. Strong US data is risk-on! and rally.. SP500 and aud moved 95% same way. poor data was sell. thus, the market dynamic always changes. And importantly, retail traders are trained technically on historical chart and follow a rigid system tvinced 1.44, and yet 1.48 double bottom we are above resistance after 1.57 , above 1.63 and above daily high into 1.64. Look at the bigger picture and always be open to both sides of the game. Our job as a retail is just to follow trend and make money, not question...
{quote} back in the days, market was correlated more. Strong US data is risk-on! and rally.. SP500 and aud moved 95% same way. poor data was sell. thus, the market dynamic always changes. And importantly, retail traders are trained technically on historical chart and follow a rigid system that's only usable in a technical environment, but not open to fundamental event that anything can happen, price can do anything, and market is moved by big players selling and buying, your position is secondary, what matters is their position. Look everywhere,...
