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Replies to #6142 on FOREX TRADERS
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ElderWolf

01/14/07 7:00 PM

#6165 RE: Ataglance2 #6142

Excellent article Dr. Glance. THANK YOU.
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ultimatepick

01/14/07 8:10 PM

#6166 RE: Ataglance2 #6142

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.