Quite a lot of neutral this week as some of the hammers on some pairs are still in play (ie lows not violated) I try and colour as per the swing in play and the controlling candle. For instance a hammer will mean a grey week until it's high is taken out positively meaning a new swing low has been put into place. Some weeks this can be confusing but I try and stick with the major trend in play. Forex trending looks so simple in hindsight - why am I still not short Euro after that great weekly shooting star and lower high?? Psychology - the stuff that separates winners and losers - ignore it at your trading peril!
6 Jun 2010
Weekly Analysis WE 11 Jun 10
Quite a lot of neutral this week as some of the hammers on some pairs are still in play (ie lows not violated) I try and colour as per the swing in play and the controlling candle. For instance a hammer will mean a grey week until it's high is taken out positively meaning a new swing low has been put into place. Some weeks this can be confusing but I try and stick with the major trend in play. Forex trending looks so simple in hindsight - why am I still not short Euro after that great weekly shooting star and lower high?? Psychology - the stuff that separates winners and losers - ignore it at your trading peril!
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