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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (36766)	7/23/2005 9:16:54 PM
From: futures speculator	Respond to of 110194

charts.dacharts.com in the chart above you'll see that EUR/USD rise was quelled, before it reached the previous swing highs and HighestHigh of [x] days (x=10,20,30 etc) -see red line- (where usually stops reside, both to exit shorts and enter longs per channel breakout method) and if price managed to go there, the rise would feed on itself) by just 4 ticks (1.2283 vs prior high 1.2287 10 days ago). My hypothesis (from years of observation of intraday price action in different markets and the art of "distribution" e.g. in SP500) is that a "normal" big seller of EUR/USD would in fact wait a few more ticks for those stops to get triggered, or even try to trigger them himself, to sell Euros easier into stops. Rather than do a big selling just a few ticks before the stops, as triggering them would probably feed the upmove.