My take on this: I believe the first part of the move was engineered by major market participant around London lunch time, to make the market believe, that BOJ is intervening. Then the market got nervous and started to unwind JPY long positions ...

Spike: What happened just now?

Hi Auxesis, not sure about it, because Mr Fujii made the following statements this morning .... Adds more remarks from Fujii.) By Megumi Fujikawa and Tomoyuki Tachikawa Of DOW JONES NEWSWIRES TOKYO (Dow Jones)--Japanese Finance Minister Hirohisa ...

Spike: What happened just now?

Good Morning Friends! Just for info: TOKYO (Dow Jones)--Japanese Finance Minister Hirohisa Fujii reiterated Wednesday that the Japanese government would consider taking steps to counter "abnormal" moves in the dollar/yen exchange rate. But "we are ...

Technical Analysis Fallacy

Good Morning Friends! Just something to read: Intervention is back on the agenda By Nicholas Hastings A DOW JONES NEWSWIRES COLUMN LONDON (Dow Jones)--The Australians have probably been doing it. The Swiss have almost certainly done it. The Japanese ...

Technical Analysis Fallacy

Hi Friends, trading could make so much fun. Trading USDJPY short at the moment Wish you all the best !

Technical Analysis Fallacy

Very well said!

Technical Analysis Fallacy

Mark, I know very well what you are talking about. For me the "deviations" have been some painful experiences ... CU, MaMood

Technical Analysis Fallacy

Hi Auxesis, I completely agree with you: There is absolute nothing new in the thread, that I have mentioned above. And I was tempted several times to give them a hint to some posts in fti's teachings. But I found it interesting to see, how they have ...

Technical Analysis Fallacy

Hi Friends, I'm still watching the thread "Behind price orderflow" that I have mantioned some time ago. At the moemnt there are at least three postings from the member "DayTrading", that are interesting to read. But build your own opinion .... url ...

Technical Analysis Fallacy

Hi Ronald, seems to be an interesting project. Have found some time ago the attached package with MT4 scripts. They are collecting tickdata and you can convert them to the standard mt4 history file format. So it should be no major problem to use the ...

Tick Database

Hi Ray, to have some information in mind is always two sided sword. But you have traded that situation successfully and dur to the info you have not traded recklessly. You have benn cautious and have saved you book. What else do you want to do ...

Technical Analysis Fallacy

Just for info: London, September 24. US name buying is the latest cited but offers into the 1.4770 intraday option expiry level ) look to limit further gains. 1.4769 marks the early highs, with supply tipped to trail towards the 1.48-mark to keep ...

Technical Analysis Fallacy

Hi Friends, some info on the Asian sentiment so far: 0622 GMT [Dow Jones] ASIAN SUMMARY: Regional stock markets broadly lower; FOMC outcome no surprise so investors take cue from Wall Street; Kospi down 1.0%, S&P/ASX down 0.5%, HSI down 2.7%, Taiex ...

Technical Analysis Fallacy

Good to see you back, fti! To be honest, yesterday my balls got nearly broken. Made a lot of stupid failures all over the day, which presented me some losses and a beaten/weak mindset. So I was hestitating a little to long, when the FOMC show has ...

Technical Analysis Fallacy

Wish you all the best, Lusan!

Technical Analysis Fallacy

the Asian sentiment so far: 0612 GMT [Dow Jones] ASIAN SUMMARY: Asian stock markets mixed; resource stocks buoyed by rising commodity prices, help gains in Aussie shares, S&P/ASX 200 +1.4%; New Zealand tad higher on positive offshore cue, ...

Technical Analysis Fallacy

Just for info: * 23 Sep 09: 04:40 GMT (SGA) - FX NOW! USD/JPY, EUR/USD Flows - USD heavy, but off lows; eye Fed FOMC statement 1815GMT Stable markets ahead of Fed FOMC decision at 1815GMT. USD/JPY at 90.75-77, some looking for break of 90.00 options ...

Technical Analysis Fallacy

Good morning Friends! Hope you are trading well :-) Just another snippet from the paper mentioned above: [...] A dealer with a large stop-loss buy order could begin filling the order after the exchange-rate rises to the trigger price. Since the ...

Technical Analysis Fallacy

Some info about StopLoss and TakeProfit order placement from the above mentioned paper by Carol Osler: [...] One might imagine that these orders would tend to offset each other, since rising rates trigger stop-loss buys and take-profit sales and ...

Technical Analysis Fallacy