Peter Bain Forex Trading Commentary for Tuesday April 18, 2006
Forexmentor.com Forex Trading Price Action
All higher-level charts continue to point to further price weakness for the Swissy (USD/CHF pair). The dumb money is selling the pair in droves - a move set up by the Big Dogs, when they were at extreme odds with that group, as evidenced by the recent COT (Commitments Of Traders) data. Downward momentum is now underway in full force, with the ever-present possibility of retracements along the way. Sell the rallies in a downtrend. Where have I heard that before? This business doesn't have to be all that difficult, if you would just follow a few basic precepts of good trading technique. Today, we're going to explore the much mis-understood concept of MACD neutralization, later on in the AM Review.
See today's chart at: http://www.forexmentor.com/campaign/apr1806a.gif
See latest sample AM Review at: http://www.forexmentor.com/sampler/
All higher-level charts continue to point to further price weakness for the Swissy (USD/CHF pair). The dumb money is selling the pair in droves - a move set up by the Big Dogs, when they were at extreme odds with that group, as evidenced by the recent COT (Commitments Of Traders) data. Downward momentum is now underway in full force, with the ever-present possibility of retracements along the way. Sell the rallies in a downtrend. Where have I heard that before? This business doesn't have to be all that difficult, if you would just follow a few basic precepts of good trading technique. Today, we're going to explore the much mis-understood concept of MACD neutralization, later on in the AM Review.
See today's chart at: http://www.forexmentor.com/campaign/apr1806a.gif
See latest sample AM Review at: http://www.forexmentor.com/sampler/
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