Welcome to Thursday !

With the Yen and its’ new best friend, the Dollar, continuing down Risk Aversion Avenue…our Hourly Retracements in these strong Downtrends did, indeed, come through.

We have some working Channels here to observe with our Intraday Support and Resistance Areas functioning nicely.

First Thing First….some thoughts that came to mind with my Update yesterday.

About one minute after the Intraday Update yesterday, we saw a surge of Yen strength in the Crosses.

Of course…this struck me as a bit “ironic”,  in that my commentary on the Captures were referencing the retracements and possible upside sentiments.

While they did finally arrive…the “ironic timing” of the Post became another fine example of one of my Key Views in Trading:

Never Expect Anything and Never Predict Anything.

I try to give you some “probabilities” each day based on my own personal analysis and as always…it is your responsibility to due your own due diligence dependent on your own personal views.

This, again, becomes one of those situations of asking the “Wrong Question”.

There is no “Right or Wrong” in Trading, and all we have is our own personal view.

As long as you Adapt to the Price action you are Seeing…then in my opinion…you are on the right Path.

“Hey CVJ!…Is the Lecture over?…Are you going to take our Recess away or give us Detention?…hee hee…”,

say the CVJ Fan Club Guys.

OK OK …my Diatribe is over!…..  

Let’s use the Pound Yen Hourly we have been working with, and also “The Queen”, Cable, to see how the Dollar has handled all of this Action of late…

Commentary and Analysis on the Captures, so give them a Click!

(Post-Time is 3:10 GMT)

As mentioned in the previous Post…we do have probabilities of the Risk-Averse Dollar and Yen motivation continuing in the Markets.

This…due to being a bit “counter-intuitive…does provide opportunity for both Trend Following and Contrarian views, as we do see large swing reversals in Price on more of an Intraday Basis.

Irregardless of which “Side of the Fence” you are on…just maintain your diligence and be selective.

It will suit you well in the end.