Peter Bain Forex Trading Commentary for Wednesday July 12, 2006
Forexmentor.com Forex Trading Price Action
Can you spell DOWN? Well, that's where the euro is going. And, who could have guessed? The Big Dogs have been warning us about this for quite some time now. Some of you have listened, and some have not. Oh well. That's life. Some people just want to fight the obvious, never to be heard from again. They certainly make a big roar about it, trying to prove their point, but eventually give up - when all their money is gone - and it's on to some other dream or scheme. Enough already, you say. Today, coming into the London open, we witnessed negative divergence on MACD to price, facilitating a gynormous swoon in price. Was anybody surprised? I'll bet the long dumb money were. Ka-ching for the smart money.
See today's chart at: www.forexmentor.com/campaign/jul206a.gif
See latest sample AM Review at: http://www.forexmentor.com/sampler/
Can you spell DOWN? Well, that's where the euro is going. And, who could have guessed? The Big Dogs have been warning us about this for quite some time now. Some of you have listened, and some have not. Oh well. That's life. Some people just want to fight the obvious, never to be heard from again. They certainly make a big roar about it, trying to prove their point, but eventually give up - when all their money is gone - and it's on to some other dream or scheme. Enough already, you say. Today, coming into the London open, we witnessed negative divergence on MACD to price, facilitating a gynormous swoon in price. Was anybody surprised? I'll bet the long dumb money were. Ka-ching for the smart money.
See today's chart at: www.forexmentor.com/campaign/jul206a.gif
See latest sample AM Review at: http://www.forexmentor.com/sampler/
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