They may have more information than me but doesn't mean they can make better decisions than someone else that could have done a better job given the opportunity. When I say they're stupid, all I'm saying is I disagree with their decision and someone else could have done better. Much like when I watch basketball and say that was a dumb move. I'm sure NBA players can outplay me with both hands tied to their back
This trade is subjective, as I sold yesterday due to the spike after good US data and strong selling, and shorted due to it breaking short term suppport, signalling good chances of a short term retracement. My target is not set yet, though my stop will be a strong move above 1.2620.
Lol, It seems as if I've been deeply poisoned by fundamental analysis. Now whenever I think long EUR/USD, a picture of Trichet saying rates neutral pops up in my head. Anyways, long and bullish, this will probably be a long run play...
Double tops would imply that the market is following some sort of ruleset, logic or past behavioral pattern. This market is looney. A double top means jack to it!