Fear vs. Greed: Pyramiding in action (Part 2)

A bit about Macro-psychology

Every trader knows, that it's better to trade with the trend. But the market is changing every second and the trend often looks different in different time frames. And exactly in the dynamics you can find the beauty of the trading.
Actually, there are so many instruments to measure the market's moods, that sometimes I start to doubt which drives whom - the instruments show the market movements, or the market is leaded by the instruments?
Otherwise, how would you explain me the existence of the concept of Support and Resistance?

By the way, if there weren't the things like Support and Resistance, the market would look like this:

(It's the same graph from the Part 1, but reversed in 90 degrees).

Read me soon for Part 3 :)

Fear vs. Greed: Pyramiding in action (Part 1)

To enter the market shorty from the bottom and to exit with a profit 20 minutes before weekly closing (200 pips higher) - is it possible?

Yes, it is.
You might ask how?

Every single moment the market is changing. It in fact is a violent mind battle between bulls and bears. The fat books say, that in the base of trading lay two major psychological factors - fear and greed.

Let me show you what happens in a market, where fear and greed don't exist:

(Somehow, it reminds me of flatline).

The chart shows the correlation between Euro and Bulgarian Lev (the currency of my country). The Bulgarian Lev is in currency board with euro since 1997. The board was taken to secure our currency and economy because of the hyperinflation that year.

Read me tomorrow for Part 2 :)