DislikedI am trading now.4.10 am ET Check your charts daily weekly etc.no different then mine.I trade on price only.Not pivot points!Not resistance/sopport etc.I trade on price and price movement only.To understand what I mean please spend time watching this pair in real time and write down price behavior every hr.You do that 3 days you'll understand its patterns.
Modified all my trades to take profit at
127.45
127.55
127.65
Going to bed.We will see later if the targets were hit.Ignored
http://www.forexfactory.com/showthread.php?t=204646
"BOJ sells XJ at Tokyo open, start of business day. Selling XJ is the same as buying Yen, thereby increasing its value, making it stronger.
This is good for importers buying during their business day, getting more oil for their Yen.
BOJ buys XJ at Tokyo close, end of business day. Buying XJ is the same as
selling Yen, thereby decreasing its value, making it weaker.
This is good for exporters being paid during their clients' business day in London and New York e.g., getting more Yen for their Euros and Green backs.
And it doesn't even have to cost the BOJ much as long as the sums expended at the open and close are similar!"
And it ultimately failed as a long term strategy, but may still have benefit over shorter time-frames.
However, like I say, perhaps you are doing something else?
Regards,
