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FibbinArchie replied Oct 8, 2010It's not a "holy grail" but it's indicating that professional money or "smart money" is stepping in to absorb the supply, confirmed with the spike bottom candles. This is a good starting point if you're really interested: url Ps. tick volume in ...
EURUSD
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FibbinArchie replied Oct 8, 2010Yeah, I was looking at the m15 (ignoring the blatant H&S).. Volume kicked in on the spike down...
EURUSD
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FibbinArchie replied Oct 8, 2010levels further down are the psych double 0s, then all time record low, can't see Noda & Co. allowing it to tank a further 300 pips... Too much uncertainty, I exited my long on the spike up to 255.

EURUSD
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FibbinArchie replied Oct 8, 2010BoJ would be severely getting backed into a corner in your scenario...
EURUSD
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FibbinArchie replied Oct 8, 2010Chart looks bullish, strong demand around 850... Possible retest...
EURUSD
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FibbinArchie replied Oct 8, 2010Just dumped my long position, too much event risk... Looking like the right decision based on that spike top reversal, managed to scrape a few pips out of it, will take a break now till NFPs...
USD/JPY Discussion
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FibbinArchie replied Oct 7, 2010Intraday technical support sits at 82 psych level... "Avoid return to sustained, large-scale intervention" does not rule out a short-term fix. Doomberg do like to put spin on their stories.
USD/JPY Discussion
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FibbinArchie replied Oct 7, 2010Could be testing for supply.. take out some stops, lock in a few breakout shorts to fuel an up move? Nothing is certain, any major player with the resources to move a market can come in at any time and do anything, case in point, George Soros & the ...
USD/JPY Discussion
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FibbinArchie replied Oct 7, 2010George Soros, BoE & Quantum Fund springs to mind... UJ has broken channel to the downside...
USD/JPY Discussion
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FibbinArchie replied Oct 7, 2010I think they'll step in, long before it goes a further 300 pips...
USD/JPY Discussion
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FibbinArchie replied Oct 7, 2010Agree, what I thought particularly strange was that after the US Employment figures came out yesterday, every major cross against the dollar sold off fairly hard except usdjpy, which didn't move..
USD/JPY Discussion
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FibbinArchie replied Oct 7, 2010If and when they do go in, slippage is likely to be extreme...
USD/JPY Discussion
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FibbinArchie replied Oct 7, 2010Thanks for the links guys... url Agree, cultural aspect has some bearing... Incidentally, he's repeating the same statement he made just after the Sept 15th event, so reading between the lines, they were quite aware from the outset that the ...
USD/JPY Discussion
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FibbinArchie replied Oct 7, 2010I don't quite think that we're ready for One World Gov't just yet... What's the latest on the Amero? Just Googled it and nothing from any regular main stream news sources...
USD/JPY Discussion
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FibbinArchie replied Oct 7, 2010Since when does Uncle Sam rule the world? These are the same people who have made threats and led to intense media speculation about a potential currency war in the making. If there is "no intervention, read my lips" as you put it, why then the need ...
USD/JPY Discussion