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I cant count how many times ive seen these bear traps, springs,...

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Kaeho

7,014 Posts.

1637

17/10/18

17:48

Post #: 36161239
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Originally posted by ProCapitalism ↑

I traded FX for years & you see it all the time in currency markets.

A head-fake movement.

Like when a footy player will fake left then move right, the markets will sometimes violently swing down before being pushed higher than it was previously trading. It helps catch all the stop loss limits & the loose hands/scared money, then the insiders & traders who know better move in & have the chance to pick up shares on the cheap.

Nothing but good news coming from GXY over the coming months IMO.

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I cant count how many times ive seen these bear traps, springs, shakeouts and stoploss triggers. Its pure evil....like a final stomp on someones head after they've fallen to the ground and about get up.

GXY Price at posting: $2.33 Sentiment: Buy Disclosure: Held
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0 Great analysis

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