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.
Steve Miley is the Market Chartist. He was previously a Director of Technical Analysis at Credit Suisse (2009-12) and 15 years at Merrill Lynch. He is the Technical Analyst Magazine 2013 winner for Best Fixed Income Research and 2012 winner for FX
Adrian Raymond is a currency analyst for DailyFX.fr. With an academic background in economics and financial markets, Adrian focuses on major macroeconomic trends in developing trading strategies and uses technical analysis for executing them.
Astrophysics graduate student. Learning everyday and hoping to trade for a living. Keeping it simple:~atleast 2% every week and 6-8% every month. I plan my trades on weekend and trade the plan during the week.
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.