FOREX TRADERS

[ultimatepick]

Another scenario to consider: the market has pulled back hard three times in a row after hitting a downtrend line, and is now setting up to do it for a fourth time, really slowly, allowing everybody plenty of time to get short. Should you believe that you are staring at a guaranteed move lower? Certainly not! These are the moments to be most skeptical. This is when our mischievous opponent is sure to break the heretofore reliable pattern and trap a whole bunch of inexperienced traders who thought they had a sure thing.

My favorite paragraph. Thanks man.