We talk a lot about sentiment, and we also talk a lot about the fact that FX is probably the most complex asset class to analyze and trade. In this article, we're going to bring forth a possible explanation of why this may be, and propose a time-tested routine on how to stay focused and find your way around FX.
What is “the crowd”?
“The law of an organized, or psychological, crowd is mental unity. The individuals composing the crowd lose their conscious personality under the influence of emotion and are ready to act as one, directed by the low, crowd intelligence.” - T.T. Hoyne
Joined Apr 2013
Status: Super Member
Talks about accumulation in progress right now on the eur.
Yes, big funds and banks are selling slowly, avoiding to bring price down in the process.
They will bring down after their selling-accumulation-process is finished.