Quote from ljmlmvlhk:
Smart money have the ability to play the media like an orchestra play the violin and the trumpet etc and itâs human nature for those in the audience to be entranced or mesmerized by music.
The markets are played back and forward to the tune of the smart money while the dumb money are captivated by these calls.
The media who carry the tune to the public are largely vehicles of manipulation and or are manipulators themselves.
The dollar will do what it will do and Smart money are just noise, to listen to the likes of Smart money is folly for the trader, itâs like putting your trust in a snake oil salesperson or the mafia.
Strange how too often smart money arrive late at the party.
I suggest trade what you see, not what you believe or are led to believe.
For many this will be difficult as it means one needs to think for themselves.