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Forex Weekly Thread 2nd July, page-39

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specgoldbug

13,113 Posts.

392

02/07/17

21:26

Post #: 25618599
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Originally posted by Martin Gifford ↑

"My biggest lesson is and was....structures are everything"

Maybe that's the difference between forex vs indices and commodities. Indices and commodities tend to either trend or range, and that's it. That's because they have clear FA behind them. For example:

Index: Look at rise of Nasdaq 100. It was caused by tech stocks' global growth. Ran from 1,060 to 5,860 since 2009!

Commodity: Look at the collapse of oil. It was due to US shale oil causing glut. Fell from $107 to $28!

Those are gigantic moves. Epic moves! Meanwhile, forex bumbles all over the place, so people might rely on subtler TA. But when big FA does get behind forex, it can have a fairly big move, e.g. EUR/USD in 2014/15 fell from 1.39 to 1.05. It's much more rare and not as big as indices/commodities, but when forex does get strong FA, then the TA subtleties are meaningless - just follow the trend!

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USDCHF.......man, If I only I kept this short

Lots to learn from that thread too @Trae is a genius mind

Post #: 24041745
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