Peter Bain Forex Trading Commentary for Wednesday July 19th, 2006
Forexmentor.com Forex Trading Price Action
You were listening to me yesterday, right? I told you that, once MACD neutralized on the 15 minute chart for the euro, more price weakness would likely follow. And, it did. Anybody know where the B button is on the elevator - for basement, that is - or, should we say parking level? The Big Dogs are right again. They called this move down in price towards the end of June. A position trader's delight. And, all day traders have had to do is sharpen their STO tool (Stochastics), and sell the rallies, as the EUR/USD pair sank beneath the surface.
See today's chart at: www.forexmentor.com/campaign/jul1906a.gif
See latest sample AM Review at: http://www.forexmentor.com/sampler/
You were listening to me yesterday, right? I told you that, once MACD neutralized on the 15 minute chart for the euro, more price weakness would likely follow. And, it did. Anybody know where the B button is on the elevator - for basement, that is - or, should we say parking level? The Big Dogs are right again. They called this move down in price towards the end of June. A position trader's delight. And, all day traders have had to do is sharpen their STO tool (Stochastics), and sell the rallies, as the EUR/USD pair sank beneath the surface.
See today's chart at: www.forexmentor.com/campaign/jul1906a.gif
See latest sample AM Review at: http://www.forexmentor.com/sampler/
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