To Chat Or Trade
I was reading a statement by a trader the other day and I found it quite amusing. This is what he says “Lately it just seemed that some folks where hanging out to catch a trade call and make some money.” I am not sure what a trade call is but I was thinking that most people trade the currency market to make some money.
This person goes on :
“Which we know that later on down the line it will all backfire and then someone will get upset because the account just had a margin call”.
Now that you have started this thread I feel that I can go somewhere to get market views and discussion on what is going on in the world without someone coming in and asking that classic question….”Which way do you think the pound is going today””
Market Guessing Game
I found this amusing. I was asked to go to this chat forum and see what they were saying about the market. Here are four of the comments I saw.
Hi, I join the tread started by ……. and ask you guys the same question about GBPUSD the coming week, any views on where we are going?
My strategy when the market opens above 1.8950 i will set long because the market opens above the resistance
It’s very risky now.
It might have bottomed near term at 1.8834/36 and managing to rally beyond 1.90 again. And if someone expects this, he may not be wrong because stochastic made a positive cross, a doji plus a bullish candle but that’s not too enough.
Someone else might come.. and say no, It’s going down. and he also has good reasons. Why? GBPUSD almost touch the 1.8967-65 resistance, and it might be a place to find plenty of sellers. Also the bullish candle didn’t close above 1.8953 bearish candle open. rather closed at 1.8946