Hi boytoy,boytoy wrote: Sat Oct 22, 2022 3:54 am Umm ok. Why do they do this intervening crap? What gives them the right to just manipulate the fx market unannounced like that?
They can intervene because it's their national currency and YES the market is manipulated. But, do you honestly think this "action" was unplanned?
However, DO NOT try and fight the system, or form an opinion of where you wish or want the market to move. Let the Market Makers show their hands (because eventually, they have to) and then you go with them rather than fight against them!
The Remora fish NEVER fights the shark but travels along with it and benefits
Every pair will pay you handsomely if you embrace the Holy Grail of...PATIENCE!
Warmest regards,
BeatlemaniaSA
RINSE AND REPEAT...