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Thread: Trader Sentiment and Positioning

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#425 (permalink)

11-21-2008, 06:31 PM

bertmaple

Member

Join Date: Jan 2007

Posts: 71

Turnaround or trap?

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okay- a few things ive learned through the years of fxing -

go with the trend & dont try and guess when the trend is over

BUT.......

did anyone else see the USD turnaround signs? Not really a strong one with GBP - but a perfect trendline touch on EUR, almost a double top reaction spike on CHF.

All pairs showed serious rection spikes today - without surpassing former lows/highs

Kind of like slamming the brakes on your car.

Wonder if Mon Asian market will dump lots of cash in - or wait because of light US trade week?

Will the slow trade week basically reset all the indicators and make this one giant bull/bear trap?

Set yr stops close ~

Thoughts?

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