1 minute with ForexSurvivor

 

 

 

A.        (29 September US) Latest Impact: Black Mondays

 

Are we going to wake up every Monday and see the market copying previous ‘Black Mondays?’

Instability, fear, & no confidence dominate the markets as the $700bl bill is still under debate and voting goes to Wednesday.

 

Starting with very high moves today, I would wonder what Friday will be left with when NFP is going to be released, and in between, let us not forget that fundamental data is of no use nowadays as long as the crisis has not find its pillars to stop plunging further.

The market is a real mess right now, fundamentals do not count, and fear and greed rules.

 

 

B.        Signal

GBPUSD: Long 18050; TP 10pips

Limit Order Valid till 30 September

 

 

 

C.        Mission Accomplished:

n/a

Position(s) Closed

 

 

D.        The Potential Flows of Trading Information constitute my (Anthony Samaha) judgment and are not trading recommendations. ****