Dislikedto continue a bit with round numbers. Watch USD/JPY if we reach the 100 level. Right before we got there we had HUGE sell orders come in at 99.70ish. Look at the huge bearish bar that was created even with price exploding higher. You know you had big sellers(I am not talkinga bout you and me), to sell in right ahead of that number. There could be barrier option they were protecting or various other reasons. Now because we know 100 is a very psychological number, next time around we can expect. This area again to be protected, or I can nearly guarantee we have heavy orderflow in the way of stops located above this number. If you watch price on a much smaller scale when it goes through this number...Ignored
If it wasn't for your "ramblings" I would probably quit this bussiness years ago. I call them Gems of info.
Ramble away my friend, as often as you like.
Jim
Indicators show the past. Price Action "Indicates" the future.