Peter Bain Forex Trading Commentary for Thursday July 20, 2006

Forexmentor.com Forex Trading Price Action

Okay, it's not time to panic just yet. All we're seeing is a news rally that started yesterday. The long dumb money are at it again. We could see 2700 before this run is over. Let's let them have their fun, while we get ready to pull the trigger on the short side, recognizing that this is just another opportunity to sell the rallies in the downtrend because, after all, that's what we're in, right? But, don't tell them. That's our little secret. The Big Dogs are short the euro - extremely so, and that's where we get our marching orders from. Isn't it amazing how the other side can get it so wrong so often? No wonder at age 65 95% of people are either dead broke or dead. That's life. For more on how to read your charts correctly, don't forget that we have a resource library waiting for you in the member's area at www.forexmentor.com.

See today's chart at: www.forexmentor.com/campaign/jul2006a.gif

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