Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
It seems like it could be worthwhile to hunt for an intervention trade on usd/jpy. My guess is less then 7 days before they take action if usd/jpy isn't trading higher than now but I can hardly call it an educated guess. It is so typical pre-intervention environment we see right now as nobody believes they will ever intervene.
Some of the biggest manufacturers in Japan have already started to look for another country to move their industry into because of the strengthening Yen. This simply cannot continue.
"We may not be able to control the wind, but we can always adjust our sails"
Great analysis, aediaz1, thanks for pointing this out. Too bad I only took
a small pos
Please post asa you have another "hardly call it an educated guess"
What type of thing is that giantic bar on this EURCHF chart please ? I see it only on fxcm and alpari.
Is that an anomaly ? I am wondering who could do something like that. Is that some force breaking of levels, to enable the stop loss/take profits / stop or limit orders ?
You don't know the price or time scale, but from what you do show, looks like a bad tick. Sometimes weaker brokers are accused of purposely injecting "bad ticks" to run stops. If you were in a trade during this, I would definitely be on the phone with your broker giving them a piece of my mind.