Monday 18 July 2016

Fear vs. Greed: Pyramiding in action (Part 1)

To enter the market shorty from the bottom and to exit with a profit 20 minutes before weekly closing (200 pips higher) - is it possible?

Yes, it is.
You might ask how?

Every single moment the market is changing. It in fact is a violent mind battle between bulls and bears. The fat books say, that in the base of trading lay two major psychological factors - fear and greed.

Let me show you what happens in a market, where fear and greed don't exist:



(Somehow, it reminds me of flatline).

The chart shows the correlation between Euro and Bulgarian Lev (the currency of my country). The Bulgarian Lev is in currency board with euro since 1997. The board was taken to secure our currency and economy because of the hyperinflation that year.

Read me tomorrow for Part 2 :)



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