Just another fake rally thanks to the BOJ intervention to make the USD go down for a few hours. A lot like last week's GBP comeback. I wonder if the Aussies & Canadians will do the same soon.
The last BOJ intervention lasted 2-3 days. Probably by Tuesday USDJPY will be back above 150.
I posted this before -- this is my "dumb-it-down" indicator whether to be in/out of the market. @Overnight hates stuff like this because it implies people might actually have an edge.
I posted this before -- this is my "dumb-it-down" indicator whether to be in/out of the market. @Overnight hates stuff like this because it implies people might actually have an edge.
It is real data -- It's a custom indicator I had someone code for me on TradeStation. It is part of my secret sauce. Here is how it looked in early 2020. It's not perfect, but helps give me conviction.