Hi.

First of all I must inform you this isn't any type of thread, this is just a curiosity I have, to know whether anybody is paying attention to a low visibility technical level that I've been watching in a couple of pairs.

I would like to thank ahead of those ones who awnser to my question in the end.

Recently I found out the price drops at particular amounts that on the very first view we can not find any obvious support/resistance to describe. Most of us automatically view it as a new level but in fact that amount was completly based on previews elements.

They often have moderate term attributes and look mostly after large movements, so I began to wonder why do so amounts react with so much perfection if I dont see anybody talking about it, so I don't see any site teaching it.

So I'm guessing, this maybe the large wall between the large money and us normal investors. I once read in this forum that in Currency Market the much talked smart money are the central banks. They're the ones who form long-term trends depending on the needs to a currency to fall or increase but at a way, gradually not after day manner like when they chose. They know what to do until they reach their objectives.

So till they change their minds, even when we see collapses in between, there is one certain level that won't alter...

They might increase rates but they sell their currency to keep a certain rising rate that won't change whatever it occurs. And where Forex Options Traders base all their analysis to know at which will be a certain currency from now.

I can not disclose this potential finding at this time, because I incur at the risk of talking about a thing that everybody knows or who doesn't work many times.


I'm just at a testing fase and I would like to ask a very simple question to know how many ppl are realizing this way of loing moderate term supports and resistances. Until now I discovered it but I believe that its just a matter of time to find it in pairs.



So for example... Can anybody tell me why did UJ ceased at 112.58 yesterday?

(Don't confuse with 111.58 that the 08/16/07 daily low! It's 100 pips under.)

Exactly what does that 112.58 support means? Mindless profit taking there? Mindless buying there? Or something really accurate?



PS: If I understand that lots of ppl know what I'm referring to, I am just going to give some other examples that I discovered, and perhaps shut the thread since it was just a curiosity.

Due