Quote:
Originally Posted by Lythro
Hi SIMBA are you still trading using the candlesticks or have you moved onto something new?
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lightbulbsticks
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I try to avoid trading in confusing times,tomorrow ECB and BOE will inform about interest rates and about their view on current economical developments..in a few days we will know what the Fed thinks about these issues too,so,the market is basically directionless and random until then.
This affects all markets,not just EURUSD,the lever is appetite for risk,if it decreases due to perception of harder times ahead,then indexes and carry trade currenncies will probably trend down(which I suspect)..if it increases,the opposite will probably happen.
Basically,I believe that some weeks you just have to keep your fingers away from the trigger.
Regards
Simba