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  #43  
Old Jan 11, 2011 4:30am
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As I see it on the chart and as I know the economic situation, the down movement of the euro is due to fundamental forces at play. It was an overwhelming imbalance between the sellers and the buyers and all the sellers made money and all the buyers lost, as there's no significant retracement to be detected.

Even if it possible to explain any failed breakout as some conspiracy of smart money against the retail suckers, the real agenda behind those movements will never be made public. My reply is an advice to Carnegie, most of the time you can't know exactly what is going on and you'll never find a logical explanation for every strange movement.
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  #439  
Old Jan 24, 2011 3:14pm
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Quote:
Originally Posted by scott89 View Post
He also said that it's not by looking at orderbooks that you analyse orderflow.

No chart, no orderbook. Maybe we got something wrong, because, as you stated, the only answer would be round numbers.
Let me guess, DS hides the candlesticks and looks at crosses of moving averages.

Without chart, volume, orderbook we have only time, tape and news. The round numbers have meaning only with a chart in which you can identify the supply and demand zones.
Actually, the only challenge is to decide if the current move represents a change of fundamental value.
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Last edited Jan 24, 2011 3:31pm
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