Archive - Feb 24, 2011

Pivotfarm's picture

Trade Against The Retail Herd 24th Feb

Submitted by Pivotfarm on 02/24/2011 02:37 -0500



Increasing market volatility is leading to more decisive trading action by traders, with the number of pairs now in the neutral zone at a 3 month low. There are a couple of market moving events today that could have a strong influence on the report heading into the weekend. At 08:30 EST we have US Durable Goods Sales followed by New Home Sales at 10:00, both events have the potential to cause shifts in retail trader positioning.

 
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