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Adapt and Thrive or Be Stubborn and Die

Adapt and Thrive or Be Stubborn and Die

6 Years ago | June 25, 2014 00:00:00

For those who follow the way I trade, I look for patterns, many of which you will not find in a trading book. This is why this tweet from ZH caught my eye today: The S&P500 has now gone 47 days without a gain or loss of more than 1% - the longest since 1995. This is occurring in a bull market that has been characterized by low volatility, low volume, and tight day ranges, similar to what has been seen in all global markets, including forex. This got me to thinking of a EURUSD pattern that worked well in the past but is not working now.

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