Prices move up and prices move down and more often than not, and quite hilariously, many analysts get it wrong often to the detriment of their own readers.
I can remember one day when I was a little child on a summer holiday in Switzerland I was playing in the garden on the slopes of the Alps with a twig trying to poke fun at some busy ants. No matter how hard I tried to interrupt the train they would keep rank and file and march on around my twig and then around some little pebbles as I erected a barricade. On and on relentlessly they marched with single purpose oblivious to the infant threat looming above them. Then I could almost smell moisture in the air and turned my head to see the distant skies blacken and all the bird flying over head all in the same direction as the ants, almost as it nature was at union in purpose before the approaching threat of wind and downpour. We price ourselves on being super intelligent and aware of every single phenomenon on the planet. Yet when the Boxing Day tsunami his Thailand and Sri Lanka how many people actually paid attention to leopards, deers and elephants all rushing together in a single direction? Worse, can you remember people wading into the retreating waters to collect seashells? And then the tourists on the beach actually standing their clicking their cameras as the tsunami came rolling in?
This morning I could not help notice several readers hammering a well known stock analyst for his trade formation alerts that went totally awry. And when pressed for an explanation they usually squeal "contagion" or something equally mysterious to throw off the scent whilst they make a dash for it!
Many bank analysts predicted 20 Dollar oil and USDX 110 based upon their Fibonacci and their Elliot waves and what not when exactly the reverse happened as economic fundamentals of demand and supply hammered out the true mean price after a fluctuation.
Thus what i am trying to say is yes look at your charts as a stargazer looks to the maps of the heavens for directions. But the ancient Greek astronomer Thales in the 6th century B.C. actually missed a step one evening whilst gazing up at the starry firmament and subsequently fell into a ditch and thus ignominiously his illustrious career ended. So always keep your eyes peeled, your nostrils open and your ears finely tuned to market movements and watch fundamental data like a hawk, particularly noting how this week the Dollar reacted negatively to a strew of terrible economic indications.
Watch the following video by Dr Michael J. Duckett on wealth and the secret powers of the mind.
Pieter Bergli - DeLoren Trust Holdings
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Forex market commentaries and media reports for free
Disclaimer - U.S. Government Required Disclaimer - Commodity Futures Trading Commission
Futures and Options trading involves risks of losses. No representation is being made that any reader and account will or is likely to achieve profits or losses similar to those that are being discussed on this blog http://forexeducationperspective.blogspot.com/. The past performance of any trading system or methodology discussed is not necessarily indicative of future results.
CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
All trades, patterns, charts, systems, etc., discussed in this blog http://forexeducationperspective.blogspot.com/ are for educative and illustrative purposes only and not to be construed as specific advisory recommendations for actual trades. Disclaimer - http://forexeducationperspective.blogspot.com/ bears no responsibility for the trading actions of its readers
A non-profit commitment to provide education on the properties of currency markets
Forex market commentaries and media reports for free
Disclaimer - U.S. Government Required Disclaimer - Commodity Futures Trading Commission
Futures and Options trading involves risks of losses. No representation is being made that any reader and account will or is likely to achieve profits or losses similar to those that are being discussed on this blog http://forexeducationperspective.blogspot.com/. The past performance of any trading system or methodology discussed is not necessarily indicative of future results.
CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
All trades, patterns, charts, systems, etc., discussed in this blog http://forexeducationperspective.blogspot.com/ are for educative and illustrative purposes only and not to be construed as specific advisory recommendations for actual trades. Disclaimer - http://forexeducationperspective.blogspot.com/ bears no responsibility for the trading actions of its readers
