Smart and profitable traders are looking for the consistently wrong investor, trader and take the opposite position. This will obviously lead to winning trades for them. Stock and forex traders have read trading books that point out that increasing volume is good for the continuation of the trend. Many new traders will try and fight the trend.
Wednesday, September 24, 2014
EUR/USD Daily 13::40 GMT - Mkt. has broken to a new low and we should see a run down to the 1.2745/55 area next. Initial res. is at recent lows at 1.2810/20.N.I.