Registered: Mar 2012
09-24-12 10:56 PM
Oh god Friday... That was a real humdinger... Caught the runup then got ripped apart a little by the snapback. Ended the day heavily positive though.
I have no idea... I have NEVER seen anything like that that I can remember... Massive 80 pip moves with ZERO news catalysts...
I just chalked it up to some multi billion dollar funds battle over the 1.3 EUR/USD strike driving the momentum cycles... If you noticed there was always a sudden SURGE as the market crossed 1.3.
You don't see that normally... I mean, you normally see decent reactions to the 1.X numbers... But that was ridiculous!
Quote from KingJedi:
Nice post, I tend to like the cycle days better myself as I use trailing stops.. what do you think was up with friday? quad witching effect? I havent looked back and any priors yet to see