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Day trader
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I do agree with the statements, but one needs to have an edge in the market. And that edge would definitely be a system. The problem is: will a trader be able to stick to the system and its' rules or give in to his ever changing feelings.
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Eurgbp Market Geometry
Day trader replied to tradingwizzard's topic in Swing Trading and Position Trading
Ya, if British continue the talk about exiting European Union Pound may continue falling like never before. Last time Cameron did the talk about that Pound collapsed around 1000 pips against gbp/usd. I mean the fall that happened January-March 2013. -
In my opinion, before gold move any higher it will go back to its' most recent support of 1180 dollar per ounce and after some consolidation break the support for final support of 1000. I guess that would be the final bottom. By looking at charts I see that buyers keep coming in, but sellers still outweigh them. Resistance is now at 1270. I think it will hold for the time being. By the end of summer we should see more significant rise.