The most important thing a market analyst needs to do is to ensure that they do not stand out from the crowd. The sheep will read thousands of articles written by analysts and will often only remember the ones whose analyses were correct. If you write in a way that stands out from the crowd the sheep will remember you even when you’re wrong. The more they remember your failed analysis the quicker your sheep numbers will diminish along with your herding…Continue
Here are some random thoughts from your's truly.
As trader's were told we must always continue to learn. However, if we're happy with our trading performance why should we continue to learn about more tools or methods? Wouldn't more info just over complicate things?
People always say that the small time-frame charts are random. This one rustles my jimmies the most. On the daily and above charts, you're dealing with Central bank actions, Wars, Terrorist…Continue
Finally we have some life in EU. On the daily it was stopped near 1.40 which was near the top of a wedgie pattern. Its also broken below an uptrend line which had been running since June of 2013 and has broken back below a broken downtrend line which became support from April 30th to May8th.
On the weekly Eu is still trading above a broken wedgie pattern with the broken downtrend line and the still intact uptrend line likely to become support. Candlestick wise It looks very toppy.…Continue