One Comment on “23rd May Morning market talk update”

1. AdminMartinCole
   May 23rd, 2008 at 7:47 am

   Ok so news out and market pushed up a little on this.
   What I am looking at now.
   If weakness continues to be played out, before any significant down move an ideal stop take out move would be just above 1.9815. If this happened and I saw the market come back off sharply I would be looking for a sell position.

   For the market to give a convincing turn north then I would look for it to head down towards yesterday high volume at 1.9736 find support here and then move up. At this point I would be looking for a long entry.

   I have posted this to give you an idea of how I think about trading. If you look that the charts and read this text you will grasp that I am looking for “signs” “road maps” of what the market makers are up to. I like to see the “dummy” move to “confirm” my thinking.

   The LAST thing I want to do is influence your trading in a way that will prevent you from acting.

   Keep an open mind at all times.

   Hope this helps.

   PS My online course is ALMOST ready for release, in fact it may be released today. Depends on how I get on today.

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