WIG20 gapped more than 40 pips upwards, yet the trigger there is down. The bullish atmosphere will change upon a visit below 2330 which is the low of RAR and especially so below 2303. There is a bundle of targets near there , namely 2307, 2307 and 2304 (UPO). There is some strangeness in the chart below and the recent rises. However, one should never wonder why and how come. Better not discuss with chaos. The market is bound to return to 2359 some time in the future and the gap will b e filled then. There are more UPOs to be revisited on the lower side.
Having doner more than 5.8664 we can calculate that 9,1299 of that trigger visible on the same chart gives 2514.
Friday ended with a bullish note.
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FTSE100
FTSE100 not quite at 4.669=5771.8 last week, yet it will get there. The tone is bullish. The index gapped on the 27th of October but the trigger there is down.
This tone will change with closes below 5489.8.
This tone will change with closes below 5489.8.
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- ftse10030.10.gif (39.46 KiB) Viewed 1757 times
What did I tell you about USDJPY on October 23?
What did I tell you about USDJPY on October 23?
Please refer to my post from that date to see where and when the BOJ intervention took place.
Japan intervenes in currency markets and yen weakens 5% writes BBC. This is one of the most spectacular actions in the history of currency markets. More on this story to follow.
Please refer to my post from that date to see where and when the BOJ intervention took place.
Japan intervenes in currency markets and yen weakens 5% writes BBC. This is one of the most spectacular actions in the history of currency markets. More on this story to follow.
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- usdjpy31.10.gif (26.12 KiB) Viewed 1750 times
USDJPY - the intervention of October 31
We cannot compare USDJPY's events of today to anything else of a similar magnitude on the currency market.
The yen dropped from a post-World War II record against the dollar after Japan intervened in currency markets.
Before that the vector field orientation was pointing upwards.
As I wrote in my previous post from October 23, I expected the intervention to be conducted from a natural 14.208 level of a trigger down. At that time USDJPY seemed to be rising from 9.1299 of the same trigger.
So the postulate was to wait till 75.62=14.208.
Indeed USDJPY dropped to 75.55 and on the same candle BOJ launched a massive attack against the yen.
If you remember the events on NIKKEI225 in the aftermath of a terrible earthquake, the tsunami and the vast destruction of the Fukushima atomic power plant, that pattern of market behaviour was similar to today's behaviour and today's behaviour was similar to those dramatic events.
In both the cases the chaotic systems soared from their 14.208 lows.
NIKKEI225 is a stocks index, whereas USDJPY is a pair of currencies. We dealt with two different financial instruments. Yet the principles were the same and universal.
I wasn't able to guess when USDJPY was going to reach 75.62 and I suppose that nobody at the BOJ could determine it either. Yet they patiently waited for that level and had prepared enough ammunition to launch the attack.
This gives ground to stating that BOJ acted diligently at the right moment, the best possible moment in the circumstances above. The intervention was very successful from many angles which I will not discuss here. BOJ managed to weaken the yen much beyond the borders of chaos set by the expansion of three independent triggers up. Their levels are marked on the chart below.
BOJ succeeded in triggering an avalanche of stops. Once the battle was over,
the scenery of wounded and dead alike appeared amid rising smokes.
You knew it 8 days that the inevitable would happen. It happened exactly where I had told you.
What more do you need to make money? Do you know a better way? Do you know anybody else who can tell you precisely when a bank is about to intervene, to the extent that you can prepare yourself and wait and hugely profit on closed trades without any DD whatsoever?
The bullishness of the picture will be in jeopardy only on closes below 77.08/76.96.
The yen dropped from a post-World War II record against the dollar after Japan intervened in currency markets.
Before that the vector field orientation was pointing upwards.
As I wrote in my previous post from October 23, I expected the intervention to be conducted from a natural 14.208 level of a trigger down. At that time USDJPY seemed to be rising from 9.1299 of the same trigger.
So the postulate was to wait till 75.62=14.208.
Indeed USDJPY dropped to 75.55 and on the same candle BOJ launched a massive attack against the yen.
If you remember the events on NIKKEI225 in the aftermath of a terrible earthquake, the tsunami and the vast destruction of the Fukushima atomic power plant, that pattern of market behaviour was similar to today's behaviour and today's behaviour was similar to those dramatic events.
In both the cases the chaotic systems soared from their 14.208 lows.
NIKKEI225 is a stocks index, whereas USDJPY is a pair of currencies. We dealt with two different financial instruments. Yet the principles were the same and universal.
I wasn't able to guess when USDJPY was going to reach 75.62 and I suppose that nobody at the BOJ could determine it either. Yet they patiently waited for that level and had prepared enough ammunition to launch the attack.
This gives ground to stating that BOJ acted diligently at the right moment, the best possible moment in the circumstances above. The intervention was very successful from many angles which I will not discuss here. BOJ managed to weaken the yen much beyond the borders of chaos set by the expansion of three independent triggers up. Their levels are marked on the chart below.
BOJ succeeded in triggering an avalanche of stops. Once the battle was over,
the scenery of wounded and dead alike appeared amid rising smokes.
You knew it 8 days that the inevitable would happen. It happened exactly where I had told you.
What more do you need to make money? Do you know a better way? Do you know anybody else who can tell you precisely when a bank is about to intervene, to the extent that you can prepare yourself and wait and hugely profit on closed trades without any DD whatsoever?
The bullishness of the picture will be in jeopardy only on closes below 77.08/76.96.
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- usdjpy31.10x.gif (34.82 KiB) Viewed 1745 times
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EURCAD updated
EURCAD updated.
There is no trigger up around the semafor3 yet.
There is no trigger up around the semafor3 yet.
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- eurcad31.10.gif (39.74 KiB) Viewed 1740 times
FTSE100 update
FTSE100 update.
Glance at the chart and see that fears of breaking 5489. 8 while the index was much higher than now persist and are at their highest.
The level 5489.8 cannot be any coincidence. Tapes from chaos reveal that it is linked to a "strange" bullishness above the gap from October 26. The gap is filled now and we have two new gaps in the downswing together with a sequence of several UPOs repellers. FTSE is running away from the top and 5706.
Where FTSE is resting today is some kind of symbolic. It is not resting anywhere. It is resting there, where chaos drew a border. Is this message striking at wealth and privilige?
No sign of respite as yet in spiralling sell off. This index failed to regain the confidence of financial markets. The "strangeness" of recent rises has its
chaotic detailed approach. As chaos is universal in the assessment of market developments, we may see a lot of people concerned about contagion and similarities with other bourses.
Clearly this does not look like a strong voice of confidence.
Glance at the chart and see that fears of breaking 5489. 8 while the index was much higher than now persist and are at their highest.
The level 5489.8 cannot be any coincidence. Tapes from chaos reveal that it is linked to a "strange" bullishness above the gap from October 26. The gap is filled now and we have two new gaps in the downswing together with a sequence of several UPOs repellers. FTSE is running away from the top and 5706.
Where FTSE is resting today is some kind of symbolic. It is not resting anywhere. It is resting there, where chaos drew a border. Is this message striking at wealth and privilige?
No sign of respite as yet in spiralling sell off. This index failed to regain the confidence of financial markets. The "strangeness" of recent rises has its
chaotic detailed approach. As chaos is universal in the assessment of market developments, we may see a lot of people concerned about contagion and similarities with other bourses.
Clearly this does not look like a strong voice of confidence.
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- ftse31.10.gif (46.02 KiB) Viewed 1729 times
EURUSD update
EURUSD update.
The slump below 14.208 of the trigger down, b elow the 1.3912, is a best measure of instability of the market in this (south) direction. EURUSD is back near a congested area of a number of chaotic borders around big figure 1.3800.
EURUSD lost its post-summit exuberance.
There was a lot of high -frequency trading at 9.1299=1.4019 and thereabout but farther slumps followed in a decisive manner.
The slump below 14.208 of the trigger down, b elow the 1.3912, is a best measure of instability of the market in this (south) direction. EURUSD is back near a congested area of a number of chaotic borders around big figure 1.3800.
EURUSD lost its post-summit exuberance.
There was a lot of high -frequency trading at 9.1299=1.4019 and thereabout but farther slumps followed in a decisive manner.
- Attachments
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- eurusd1.11.gif (55.28 KiB) Viewed 1728 times
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- eurusd1.11x.gif (41.73 KiB) Viewed 1728 times
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