Bad news brushoff

[#1]

Eurozone crisis, chinese contraction, US unemployment climbing ... All the classic negative indicators being dusted off like flies! This can only equal one thing - bulls are in charge! (which I could say the same for the rugby)

[#2]

if you take a longer term view then the Bulls are in charge...(rugby I am talking about)

[richardw]

News is good, not bad. We just had the central-bank currency swap deal surprise so most banks are better off, and now there's expectation that the ECB is likely to get more involved. China has reversed their policy towards a focus on growth rather than inflation.

[SimonPB]

news is just noise .. what matters is the price, that the only truth that matters .. an right now price going up and you can either; sell, buy or ignore it ..

[richardw]

Agree to disagree. My approach works with background context. Yours doesn't, but accept that others might consider the ECB a touch more important than yesterday's closing price.

[ndabs]

Simon would you consider the 13:00 clock candle as engulfing on the 15min since the there's only 1 point difference

[#7]

Remember trading engulfing candles only in direction of trend

[ndabs]

I understand that, at the moment we're sort of going side ways, although i picked up 164pts earlier

[SimonPB]

hmmm .. whatever rocks your bank account ..