I'm hoping it will continue to drop for a while ..... ![](https://resources.faireconomy.media/images/emojis/64/1f617.png?v=15.1)
![](https://resources.faireconomy.media/images/emojis/64/1f617.png?v=15.1)
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USD/JPY Discussion 7 replies
NZD/JPY Discussion 12 replies
long eur/jpy, gbp/jpy, usd/jpy 11 replies
EUR/USD Bollinger Band Discussion 3 replies
Suidster's GBP/JPY Discussion 19 replies
DislikedDove,
What's going on - it sounded to me like you were implying this was going to go up. Since then the EURJPY has fallen 55 PIPs and the USDJPY has fallen 25 PIPsIgnored
Dislikedhahah - I bet!
I'm just trying to figure out the retracement vs. reversals and how to pick them out. That is definitely a weakness of mineIgnored
DislikedSuggestion:
IF in doubt about the Trend....zoom out your charts.
Its like stepping outside the box...sort of ...heres a chart
15 minute TFIgnored
DislikedSuch a simple but effective way!
I didn't think about that - especially because I'm a short term trader on the 5,15,30 charts. zooming out really does help!! ThanksIgnored
DislikedSuch a simple but effective way!
I didn't think about that - especially because I'm a short term trader on the 5,15,30 charts. zooming out really does help!! ThanksIgnored
DislikedThe daily chart candle stick suggests some downward pressure.
How much remains to be seen. My guestimate is 50-100 pips down from current price level.Ignored
DislikedOne thing you should focus on is anything lower than a 20 minute chart is for scalping of 6 - 10 pips ..... if you are looking at 20 or more pips then the upper time frames is where you need to be.Ignored
DislikedFrom WWW.JSMINESET.COM
Snippet:
Posted On: Wednesday, June 11, 2008, 6:46:00 PM EST
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A New Level Of Financial Incredulous
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Author: Jim Sinclair
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Dear CIGAs,
Yesterday was the equivalent of a Mt. Everest summiting when it comes to financial incredulous.
- The Chairman of the Federal Reserve checkmated himself in a rather self-destructive manner. If he raises the discount rate by ¼ point, the impact on the credit market problems will be to tear back the curtain of silence, exposing the reality of a continuous debacle. If he fails to raise rates the dollar will tank. If he raises rates and that event is factored into the dollar it will be meaningless. Knowing no further increases are possible, the dollar will rally and reverse downward, turning in a negative day immediately or in overnight US trading.
- The market in gold and silver yesterday was completely a product of the "24 Points" of how the metals dealers (COT) work. Today the INCREDULOUS was seen as the Dow peeled off 200 plus points, sending a message past the Fed directly to the White House. There may be a trip to the shed for the entire Federal Reserve Board.
- Rather than a reduction of risk to the economy as outlined in four major addresses yesterday, the fall off in consumer demand will challenge the 1930s. You can bank on that. That is quite bearish for the US dollar and bullish for gold if the nitwits that comment publicly would take one minute and review the Formula.
- The gold price was a fishing line yesterday and will shortly take the form of a Rhino Horn.
- The price of gold will reach $1200 in 2008.
- Gold will rise to at least $1650 by January 14th, 2011
Ignored
DislikedJust curous.....How does a forex trader make money from that information. Merely somebodies opinion about where gold is going?
I understand that the US economy is in bad shape. BUT it CAN get better. OR maybe its not AS BAD as people write.
Just because somebody can talk about where the economy is heading doesn't mean they can make money in the markets.Ignored
DislikedThis is what's happening right now...... it is riding between two pivots..... The daily pivot (PP) at 107.08 and the mid (M2) at 106.75...... You also have your two BB's - one on the daily and the other on the mid......Witch way it breaks is the movement for the night..... This is on the 30 minute chart.Ignored