We are traders and masters of risk. When you become pro you stop over analysing and all you do is sit there, and wait, and wait, and wait some more until you find the perfect trade. What I am saying is that the market makes all the decisions. Our only decision is to listen, feel, and respond to the market’s siren. Always and without exception. Remember, the market never lies. It is only we who lie to ourselves.
Wednesday, April 4, 2012
Stay away from markets!
Markets have been over bullish for some time and looks to be consolidation. This is a time to sit on your hands and wait for a market direction. Euro/usd has been water falling from 1.33034 ever since and looking to find a bottom. It is continuing to form a low base while heading down. We are looking for a double bottom variation at the bottom for a long setup, however signs show we maybe be bearish after all.
Market Focus for April 4, 2012 Wednesday
ADP and ISM will both offer widely watched indications for Friday's big jobs report.
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