You guys ever watch "Deal or No Deal" on NBC? So much fun to watch people who have no idea of the odds, giving up several hundred thousand dollars for the 20-30% chance of making a million. Duh! Take the deal! Sad when some folks go from $200,000 to $20K in a few minutes. Eek. Reminds me so much of trading, whereas hope overrides logic until the trader is left with little gain and most often a loss.
-S
Seriously, I thought I was the only one that ever saw the parallel...my husband didin't agree, but then again, he gets tired of me comparing EVERYTHING in life to trading....
I am looking at a potential upmove in this pair next week, I realize this is against what most people seem to be saying but I can see bullish divergence on 30 & 60 Min Charts (see attachments)
Just to update, i'm still short cable but wondering if it's still such a good idea. Just checkin' charts getting ready for tomorrow or should i say later today and i'm seeing bullish divergence on the 1 hr chart (see attached) and the trend is very up........... and i'm looking at swissy and there's some pretty hidden divergence on the 30 min chart which looks bearish........!
Hmm. I still see nothing but bearish divergence on just about every time frame except the weekly. But 'm usually looking for a nice peak-to-peak divergence. Happily short still over here. Happy trading to all. Today could be a boring day. :-(
There is also the fact that cable failed to break through resistance around 1.9070 earlier this morning which would indicate it's running outta strength !
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