In my experience in the short term price will move in the direction of the greatest number of stops.
Quote from riskfreetrading:
After milking this pair in early hours today (I will post chart activity), I am shorting this pair at 1.3717, time is 10:45PM, date Dec. 15, 2008. So this is a live trading call. Target 1.3660.
In this morning's scalping, I made around 40 trades all of them winners! Not a single loser! I posted the charts on RFt's financialtraders blog, but I will get them to you once I have the URL to the charts.
Quote from GCSICLRBC:
The worst time to trade it is when you're low on self-confidence.
You shall pass on attractive trades and be drawn to marginal ones for want of action.
Trade when you feel great. I love trading after a nice cup of coffee in the early morn.!