EURUSD 6E Euro | Currency Futures


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EURUSD 6E Euro

  #488 (permalink)

Market Wizard
Berlin, Europe
 
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rassi View Post
Or you could just use price!

Price alone will not tell you anything about the underlying tensions. A resumption of a trend or a breakout from a range is typically more explosive than a reversal, unless the market has been extremely overextended.

Whether an explosive move can take place or not, depends where price sits relative to value. If price has already travelled too far with respect to yesterday's value zone, any following move may lack conviction and represent a bad risk profile.


Last edited by Fat Tails; October 12th, 2011 at 09:38 AM.
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