DislikedYep, I don't disagree with any of that, but such is the nature of us human beings!!
Great discussion here today. I have to leave now....back at London openIgnored
there are, imho, subtle signs (intentional) of accumulation on my charts....Ignored
Disliked"Intervention is futile" as some 'borgs would say
In my opinion, we should respect the economic cycles. Currently we are not, banks and governments are "intervening" too much helping those who needed to go bankrupt. That's attempting against a natural economic cycle. Prosperity, Recession, Depression, Improvement. Each time "they" intervene, is even costlier and are only delaying the inevitable.Ignored
Hope everyone is doing well.
Err thought I would post my analysis. I am thick skinned so criticism is welcome
As you can see in the chart attached, price has clearly failed to close at the median line. Assuming things remain that way, my minimum target is represented by arrow pointed at the horizontal line. Should price close at the median line, I would expect a bounce targeting 88.
I am in from yesterday at 83.75.
Wish me luck!
PS: sorry for the poor color selectionIgnored
DislikedJapan not ruling out fx intervention as policy option – Govt sourcesIgnored
DislikedLooks reasonable to me. At the stage we are at right now, it's very difficult to arrive at a conclusion that is highly probable. As you will have read on this thread, there are various reasons to support an up move and there are the same amount of reasons to support a down move!!
My bias is for buying the dips, with a tight stop loss, others are selling the rallys with a tight stop loss. The jury is still out as to which way this will go....and when!Ignored
DislikedVerbal intervention at its best = tell the world financial media that Japanese investors are selling the yen, thus making it look like the Japanese investors have some sort of 'inside knowledge'. The story might sound compelling to some, but for me it sounds like BS. If Japanese investors 'know' of an upcoming intervention, then British & American investors also have to 'know' about further QE plans and so forth.
The Japanese might be somewhat better at interpreting the BOJ's statements, but they BOJ has been sounding the alarm for quite...Ignored
DislikedWell that's your opinion.
What you should remember that SSI does not take into account the size of peoples trade or the size of their accounts let alone the method of trading they use or the time frame.
If a large account trader puts a long trade on here, not expecting an immediate return, that trader could do well in the long term on which he trades.
I have no position here at the moment, but it's wrong to group all retail traders as one and say that everyone who is long is stupid. You don't know anything about that group, so don't be judging...Ignored
DislikedYes I'm sure you're correct. My comment was a bit sarcastic because it would be sooooo illegal to give inside info to investors. Yes it's more of the same.....verbal intervention, but it's a bit dis-ingenious. I was hoping they could do better than that!!Ignored