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.
Monday, August 1, 2016
Just as it looked as though we may see a correction in Brent crude as it ran into support around a key zone, it’s taken another dip lower breaking through the lower bound of the support zone and the 200-day simple moving average in the process.