Seriously... What got everyone's emotions in the Forex market so high strung? The herd was running in circles like ridiculous...
My initial thought was that everyone was getting emotional about the even number 1.3 because all of the 0.X000 numbers are so physiologically important in Forex. Much more important than the 0.0X00 numbers. Might have been some large players having a billion dollar battle over that strike price into OPEX or something... Crazy night!
Caught a big runner in that up move early in the night then proceeded to eat it multiple times in the mid EU session downtrend... Still had a decent up day though because of the initial runner.
I need to write this down... "Even after a 90 pip runup breakout... The market can go straight down for hours without a single 5m candle bounce..." LoL!
The reaction to 1.3 on the nineteenth was more normal...
Seriously... These emotional reactions by speculators to large even numbers are ridiculous. After looking over charts I'm pretty sure that is all that was causing the large momentum curves. Normally you can't get a fitted curve on the 20m without a big news catalyst driving the emotional cycles.
My initial thought was that everyone was getting emotional about the even number 1.3 because all of the 0.X000 numbers are so physiologically important in Forex. Much more important than the 0.0X00 numbers. Might have been some large players having a billion dollar battle over that strike price into OPEX or something... Crazy night!
Caught a big runner in that up move early in the night then proceeded to eat it multiple times in the mid EU session downtrend... Still had a decent up day though because of the initial runner.
I need to write this down... "Even after a 90 pip runup breakout... The market can go straight down for hours without a single 5m candle bounce..." LoL!
The reaction to 1.3 on the nineteenth was more normal...
Seriously... These emotional reactions by speculators to large even numbers are ridiculous. After looking over charts I'm pretty sure that is all that was causing the large momentum curves. Normally you can't get a fitted curve on the 20m without a big news catalyst driving the emotional cycles.