Pierre's Thoughts on the Market

Aug 10 2008

Pierre's Thoughts on the Market

Pierre Charlebois, Trading Coach with Trading Post and advisor with the GTC Group just sent the following short thoughts out to his group members preceding their live session tonight.

I love bullet points and thought Pierre's points might be of interest to you as well.

USD is highly overbought

Most pairs should top or bottom this week

Most if not all pairs will develop a range over the next few weeks

Adjust your trading style from "Continuation" to "Range or Reversal"

TAKE A REVERSAL TRADE ON GOOD CANDLESTICK PATTERNS ONLY

Until we have a range established we should still expect a little more USD strength.

Technorati Tags: gtc group,pierre charlebois,forex trading

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11/21/2008 02:07 AM

Samuel, I do appreciate tha t, thank you, and I would like to take that offer up to inte ract with a trading coac [...]

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