Quote:
Originally Posted by ForexGirl
Agree that this is a plausible reason. But as we all read currency changing hands worldwide daily is more than 1 or 2 trillion and majority of that is the majors for biz purposes.So i would think compared with 1 trillion , 300 Mil is short change , not big anough to cause a blip.
I would like to see this still as a flow or a wave (not the Elliot one, too complex and good for making money to its sellers) and the trick to learn is learning something like swimming , cycling, driving etc .
Also if we introduce too many variables(like news, sma 300, MACD crosspver etc etc all together ) then it will become someting like a multibody problem in physics and we cannot really predict the correct outsome.
|
Yesterday's advertised .0475 strike was described as 'large' by Thomson Financial and as such one would expect that price level to be both attacked and defended at some point before cut off and indeed, this is what appears to have occurred with Cable but then again it may have been a mirage ...
News and web sites such as DailyFX (particularly DailyFX - the real gem amongst paste) I find invaluable, sma 300 I've never tried and almost all other chart strudies, bar divergence, I find somewhat altogether confusing so I agree that more is not necessarily better when it comes to trading off a chart.
Anyhow, if 300 Mil is short change to you then I'd like to see your lingerie collection!
