KNOW WHAT OTHERS DON'T
Welcome to my Market Directions ramblings.
I mainly focus on Major Forex pairs.
The idea is to grasp Intermediate to Longer term market moves.
I use different aspects of Technical Analysis and I take into consideration economic news data, but just in conjunction with my technical analysis.
Comments and criticism are welcome as long as they are constructive and will help both readers and me to improve our understanding of markets moves.
Thursday, February 23, 2006
Wednesday Update
Joseph you make the Bear cringe when you ask him for advice, it’s tough enough for him to trade his own honey let alone someone else.
To comment on the long term trade you have set forth, I need more time to study, but I would say that now’s not the time to enter a long term long. Jmho…..
Here’s some thoughts on overhead resistance………
Very busy here today and will be out tomorrow, apologies for the absence, will get caught up Friday and this weekend.
As a side note, Euro again tested that sliding parallel from my earlier post again and responded with some north action, however price has gone stagnant we need to see some more upwards movement during the Asian session or price will be challenging the line again. My trade picture is teetering atm. Longs are still in play but any thing below 1865 and I’ll have to rethink my position.
Bear
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