Disliked{quote} I agree with you, we must think like a big boy. Big boy can hold their positions. That's why i suspect that fed won't hike that soon. Rate hike was one of the main factor pulling down the pair (the other two being qe and EU debt crisis). If this is a short covering it's because they think that is too risky keeping position open in term of risk/reward. But if fed was about to hike, dollar would go insanely up. So, why covering?Ignored
Mmm...let me try to explain.
When I say "think like a big boy" I mean, study the chart on weekly, daily and the economy situation.
Now you don't have their money. So when you trade, study the chart 1h or less with a good money management, but never, never, never forget what you saw on the weekly and daily.
So, I mean, the movement of today, and the next two weeks, for you seem great long, for the big boys mean retracement.
I don't know if you understand what I mean.
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