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FibbinArchie replied Oct 7, 2010Looking at today - POSSIBLE accumulation ahead of intervention.. My opinion only..
USD/JPY Discussion
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FibbinArchie replied Oct 7, 2010Something weird going on with Yen, it appears to be the only major not selling off against USD, no correlation at all, price is just static.
EURUSD
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FibbinArchie replied Oct 7, 2010I don't think it's SNB, I thought that initially... Looks like Yen is attempting to follow it...
EURUSD
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FibbinArchie replied Oct 7, 2010Dollar Yen just been well bid from 8210 area, no sign of the Bank...
EURUSD
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FibbinArchie replied Oct 6, 2010BoJ, will they? Won't they? Whilst I appreciate the fact that in order to stand any chance of being effective, central bank intervention requires the element of surprise, it's bloody well doing my head in...
EURUSD
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FibbinArchie replied Oct 6, 2010DPP has confluence with 38.2% ret of this afternoon's rally. R1 @ 3832 is looking strong, confluence with a couple of fibos..
EURUSD
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FibbinArchie replied Oct 6, 2010I'm in Buckinghamshire UK about 20 miles west of London. Irregular hours, one of the joys of FX trading...
EU creeping down 3905..EURUSD
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FibbinArchie replied Oct 6, 2010Also, ECB rate decision later... Typical, the last time BoJ intervened I'd built a nice little long position buying on dips in anticipation, then that night I closed due to perceived down side risk and went to bed. So tonight I stay up and it ...
EURUSD
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FibbinArchie replied Oct 6, 2010Selling the spike high, even though it's just been marked up right into the record high for that pair. To "fade" a movement in price is to trade against it...
EURUSD
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FibbinArchie replied Oct 6, 2010I don't fancy fading that, usd breaking records left, right & center...
EURUSD
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FibbinArchie replied Oct 6, 2010stick to the long side in a strong bull... That said, I reckon this run is now over-extended... Mind you, I said that last night as well, LOL Either that or it's going into blow-off mode...
EURUSD
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FibbinArchie replied Oct 6, 2010Nice confluence.. My main reservation would be that price has not noticeably bounced. I've got the 50% at approx. 3987 and the 200 sma at approx. 3909.
EURUSD