either way, the one unanswered question is and always has been, "When to take a profit?" If you have an answer to that one let me know, becaue I sure as hell don't. My profit target is just arbitrary.
The first post was January 17th.... There is NO way a currency that goes PARABOLIC will continue to go higher!!!!! errrr...ahhhh...wellll....ahhh... I'm surprised there isn't 100 posts that call for the high in Equity markets.....oh yea, there is... So when AAPL goes down to 500....there is NO way it can go lower... What have we learned??? Follow the BIG MONEY...there are not done in ONE DAY!!! The Fed was not done in ONE YEAR!!! Still massively short the Yen... soooo rich now
There must have been unimaginable level of option interest present at 100. Big banks will do everything in their power to protect level of 100. Must have been a great tussle between hedgies vs banks today and it seems banks won and prevented 100 from being touched. So, yes we are going down to 96 at least now. Shorting around 100 would have given a great risk reward. Too late now. No positions therefore.
No, I don't think they will act in the market. Japan came directly into market for intervention when usdjpy moved towards 82, 80 and 76. Unless yen move to below 85, no chance of intervention at all.
Why do you ask, you think someone in ET actually knows? Let me fast forward to the end of your research conclusion, no. Follow price, it is the only truth.
+1 on that.. trade what is happening.. its hard enough to figure out that.. much less project some narrative out into the future.. ... i notice narratives basically trap your bias in one direction leaving you trapped .. always trying to force price action into your story..