Wednesday, December 10, 2008
Market Sideways
From technical analysis, what can i see so far.... market currently indecision mode. EUR strenghten and EURxxx start to make big timeframe correction. JPY weakened and xxxJPY almost start to follow the same pattern as EURxxx.
USD weakened and EURUSD might up in mid term. ???
Summary : Market currently unpredictable and not suitable for trade. In my opinion USD weakness factor is not sufficient enough to convince the world market to go strong BULLISH.
Suggestion : In big timeframe sideways market, most of system which use several indicators to confirm BUY or SELL signal, normally became inefficient. And also in my opinion.... the effective way to trade is SELL on high and BUY on low until the event of breakout.
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