A Trading Post Blog
Commentary on Trading Post and the Online Trading Industry

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.
  • Advertisement

    Trackbacks


    No Trackbacks

    Comments

    Display comments as (Linear | Threaded)

    No comments

    Add Comment

    (Required)
    (Your email will not be published)

    Legend
    *word* = word
    _word_ = word
    Smilies like :-) and ;-) are converted to emoticons.
    BBCode format allowed
     
     

    Quick Search

    Recent comments

    Peter Morrison about Forex Broker Rebates Unleashed
    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 [...]


    Samuel about Forex Broker Rebates Unleashed
    11/21/2008 01:46 AM
    *Peter ... It's a great questio n. It's anything that helps tr aders ... charts, chatrooms, s ystems ... whatever a tr [...]


    Peter Morrison about Forex Broker Rebates Unleashed
    11/20/2008 11:35 PM
    *I forgot to mention this also in the last post: Have any of you got thoughts on the EUR /USD at the moment. I am [...]


    Peter Morrison about Forex Broker Rebates Unleashed
    11/20/2008 11:33 PM
    *Samuel, What other tools wo uld you propose as in your pos t above?


    Samuel about Forex Broker Rebates Unleashed
    11/20/2008 11:04 PM
    *The dialogue that takes place is extremely important to me a nd healthy for the industry. D ustin's post is very luc [...]


    Sam's Book List

    MyBlogLog

    Calendar

    Back November '08 Forward
    Sun Mon Tue Wed Thu Fri Sat
                1
    2 3 8
    9 10 11 12 13
    16 18 19 21 22
    23 24 25 26 27 28 29
    30            

    Services We Use

    iContact

    Basecamp

    Firefox 3

    Get the same treatment a Fortune 500 company gets, professional logo design for only $299