The fx side isn’t the busiest sector in there by any means, but it still throws up interesting & informative stats, information & flow data. I’ve been dialling into 3 bankers since the start of this year based on that + your input on here.
eurcad, audjpy & cadchf haven’t violated a previous weekly low or high at all in 2018, thus maintaining their cyclical step legs. Those pairings have generated the most attention in there since late last year, particularly eurcad when it retook 150 in early january. Their comments have interweaved perfectly with one of your key criteria of watching for, & observing the behaviour of the prior session high & low levels to confirm whether or not to become active in, or remain engaged in a regional currency & its appropriate pairings.
The round number/big figure levels & range percentages are referred to constantly by the dealers too, which cross reference & confirm the weighting & relevance you guys give to their importance over other options.
Repeating my previous comment regards your advises to acknowledge the daily & weekly range numbers, they’re a perfect nod when deciding if & when to add or encash part of the stakes, especially when a stock or currency pair is established into a cycle leg.
The hardest bit is getting aboard, because often the price action is chaotic until one set of orders overwhelms the other whilst attempting to establish a leg, but once it begins breaching prior day & week session levels, your key criteria come to the fore.
Having a confirmatory view of events from other professionals who also work this business on a daily basis from the sharp end is why i’ve found your material so informative, & clearly why you’re referenced so often. It’s all simple stuff but very effective.