Quote:
Originally Posted by adam6655nyc
Cody,
good to talk to you agian, do not forget we are in july, real traders are not there to move the market...but the few out there with deep pockets can benefit from unexpected moves that they can create....today there was no reason for that reverse (not questioning the market...) specially the last 15 minutes....when DOW jump 40 points in one bar...Friday is key....until then,...no logic behind the moves...just like last friday when longs (believers) got smacked across the face with the NFP number.
it is a range trading till then...tonight Asian session is shaping up to be another run to next resistance 1.4040...then re-evaluate
of course you are more experienced than me...but the asian session is only 1 and half hour to go...will see
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to be honest it has been extremely hard to say where we are headed for the most part, some days there is clear indication like last weeks fall from 1.41 area when it failed again and again to rally but since then with such low liquidity in the markets... and it will get worse as summer progresses...., its all from the 4hr charts....even daily charts right now don't help much.
all day I have been up then down on tonights action from the past 24 hr moves so am looking for a break of 3920 short or 4040 long and will scalp whatever it gives me between. targets not more than 20 to 50 pips away reasons in previous post
