Having read the forecasts of other blogs like Ashraf Laidi it was clear that if GBP broke 1.6740,we would go to next level of resistance.If it failed we would go to 1.6580.These were clear calls based on support and resistance and S & P breakdowns.Having followed these forecasts I cannot help but think this players and traders bit is bunkum because it is not explained properly.Evertying is circular trades and traders not taking positions and players make false quick moves and trend reversal has started.
I will be posting up Doc's forecasts, addendum from his blog, specific trades I take, and also Doc's strategy. Please feel free to comment and add in any way you feel fit.
Hi Orlando, could you please explain the "green-geen" / "red-red"...? R.
ReplyDeleteDoc's reply to me was a little too quick for me to follow, but he said it had to do with players making circular trades.
ReplyDeleteHaving read the forecasts of other blogs like Ashraf Laidi it was clear that if GBP broke 1.6740,we would go to next level of resistance.If it failed we would go to 1.6580.These were clear calls based on support and resistance and S & P breakdowns.Having followed these forecasts I cannot help but think this players and traders bit is bunkum because it is not explained properly.Evertying is circular trades and traders not taking positions and players make false quick moves and trend reversal has started.
ReplyDelete