Hi Kevin, good to see you, takes a while to get used to this new environment.
Fernon, the notion of ‘them’ is not mine, a certain R Wyckoff talked about ‘composite man’ a few years back - better term I suppose than ‘them’.
Anyways, sometimes the market can be as simple as a pool for either risk on (get a quick reward for putting money down) or risk off (put existing reward in a safe place).
The ‘them’ can be those risk guys, figuring their mindset can give a clue to an upcoming corner in price.
The above hr1 chart was Eur/Usd, the move was Asian - so think about Yen - then think risk.
Here is those same 3 guys as reflected on the 15 min US10yr - remember sell US bonds if you want some risk/return. Likewise sell Gold if feeling same.
Now to Yen (this is becoming a long story) buy Yen if the world is coming to an end, otherwise sell it along with Gold and bonds.
Usd/Jpy - selling the Yen means buying Usd - the move on Friday on the above Eur/Usd chart was about the Yen - the third push up was ‘composite man’ or them trying it on.
The Eur/Usd momentum line was based on USDX - so was picking up the USD/JPY moves.
(btw check out Gold as above)
Above chart Usd/Jpy Hr1 Friday.
Edit: the 3 arrows represent the 3 upper wicks in time on the chart of Eur/Usd - just a different broker time.