Why Can't Forex Trading Be More Like Wheel of Fortune?


Good morning traders.  The markets feel a bit like you do when you can see, taste and feel something so close, yet cannot quite get your hands on it.  Technically speaking there are some pretty darn attractive technical set-ups we simply are not seeing follow-through of any sort.  Rather, we get these annoying knee-jerk reactions - typically on economic reports - that do nothing more than elicit a few moans and woo-hoo's depending on the direction of the move.

That said, I like the GBP/USD long we currently have on, but do realize it could take some time for it to play out.  I feel the same way about USD/CAD, meaning if you are patient, in a several days/weeks, lower prices are likely to be the outcome.

http://my.aspentrading.com/Nov_1/2_24_14/3_6_14/3_17_14/3_28_14/4_6_14/4_14_14/4_22_14/4.24.14dxcTARGET.png

 

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