DIRECTION?NO IDEA, BUT from WHERE & WHEN it starts:
-close the position.
- reopen the position:
BUY (far) ABOVE the VALUE
SELL (far) BELOW the injurious VALUE.
The lifetime of the level is up to severall days.
What I do is to determine without emotions major turning points and strong trends of major assets that include global indices, equity sector classes, high liquidity stocks, debts & fixed income, commodities and currencies.
EvilSpeculator is dedicated to identifying trends in the financial markets. To that end, we post market updates several times a week and engage in pertinent discussions. This is an open forum and everyone is invited to participate.
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Risk disclaimer http://tiny.cc/1uvqkx
Gregor Horvat, based in Slovenia, has been in the forex markets since 2003. He is a technical analyst and individual trader who has worked for Capital Forex Group and TheLFB.com. He also is founder of forex services on http://www.ew-forecast.com.