I would like to use USD Index chart to paint a picture of how behaviour of market participants can ebb and flow. Most common feature is the herd behaviour (increasingly due to greater role of the retail traders) to overestimate news impact by following a base case scenario, tempering news to the contrary. Example: USD index rallied on anticipation of FED raising interest rate mid 2015 (also ECB QE) without much regard to how weakening data could affect that outlook. Also US yields rallied…See More
EUR JPY 15 Min:I called this in the forum with entry and profit points.Price fell from the open to the weekly central pivot point. It rose and fell in 3 waves High1 Low1 High2 Low2 to a double bottom and measured move (short bold blue lines). It then produced an…See More
2. Do not come to fish traffic to your site; Do not come to get clients
3. Discussing is welcome; Lack of respect is unwelcome
4. Use English at All Times
Any trade recommendations/ideas placed in this site are not endorsed by FXstreet.com. Readers must make their own analysis and trade as per their own analysis, risk tolerance and money management principles.