Tuesday July 13, 2004 - 16:20:44 GMT
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I-Knowindices - i-knowindices.com
TREND REVERSAL HAS BECOME VISIBLE - EURO AND GBP ARE EXPECTED TO DROP MORE.....NO BULLISH FEEL...THEY ARE TRADABLE......
Now the market( EURO and GBP correction) has given many a surprise....but the trend reversal moves will always make one pair apprear weaker and the other stronger and the chartist will be induced to give big calls following the linear derivations....unknowly they happen to misguide the traders and facilitate the operators.......this happens during every trend reversals.........
EURO and GBP will swing and slide more and a deep correction will be seen on Friday week end close.....hence try to take short positions in them around the high set for the day and cover near the low in your swing trades......
understand that no market sentiment is not permanent......traders need to quickly understand and use strategic trading to comeout of their unfavorable positions if happen to hold rather than assuming some attributes for the market moves.......
understanding the intentions of the big players is vital in your successful trades...... they know well the weaknesses of the emotional traders,you need to learn their limitations to grab profits from the market.....it is simple and understandable if we stop following the attributes for the market moves....they are used as triggers but the market will move based on operators intentions........
use hedging in the same pair instead of stop ,so that you can recognise their stop hunts moves and trade safely.......the operators wait to grab our money ....it is our responsibility to conserve that and earn from market.....use stop to protect profit, and hedging to protect equity and positions....you will be successful in your trades....
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