Has the market run too far too fast. This is the question that participants of the WTI are asking right now. It was another good week on Wall Street and all the other markets. Liquidity continues to return to the market, and some participants believe the recovery is taking shape. The encouraging signs came from jobless claims with the lowest reading since January but still at 601.000. The currencies drift most of the week and then rallied against the US dollar, ending the week wit the euro pushing past 1.36.  Sentiment towards the dollar is still very bearish, but the dollar has not melted as many could expect. If fundamentals are poor for the dollar they are even poorer for other major currencies.
Mariusz Ganczar from Poland is in the lead trading mainly the Polish zloty against other currencies. Mariusz Ganczar is not sure if he is a cautious trader but knows that leverage makes poor investors rich and rich investors poor, that is why he immediately cuts his losses. Helder da Silva is ranking second in the world and first in the Portuguese League. Helder does not trade forex and keeps trading only CFDs mainly in the portuguese market.
The leader in the bulgarian league is Hristo Grivnev with 16.04% as of last friday. He trades only EURUSD with short term intraday positions. He prefers trading with the trend and has good control of the risk taken with each position. So far his win/loss ratio is 3:1 of his trades. He has more than 8 years experience with trading forex online and he believes the EURUSD to trade in the range between 1.33 and 1.37. He also believes a spike above 1.37 will be a false breakout and a good opportunity to enter short positions for a sharp pullback. Second place in the Bulgarian league is taken by Alexander Nikolov with a gain of 5.96%. He is also a forex trader and his selection of currency pairs includes EURUSD, GBPUSD, EURJPY, GBPJPY and EURGBP. He is heading the department for Trading and Analyses in City Capital in Bulgaria. Unlike Hristo Grivnev, Nikolov expects EURUSD to retrace in the beginning of the week and he feels it is a good opportunity to enter long positions.