There are a bunch of 1H Buy Pins that have formed on all the JPY pairs. Most are off a trendline. I don't know why that sudden drop happened (almost looked like profit taking/ stop hunting)
Watch yourselves.
Tom
Example
- #7,343
- Nov 1, 2007 10:56am Nov 1, 2007 10:56am
There are a bunch of 1H Buy Pins that have formed on all the JPY pairs. Most are off a trendline. I don't know why that sudden drop happened (almost looked like profit taking/ stop hunting
Watch yourselves.
Tom
Example
Not only on yen pairs. Dow - Gold - Silver - Usd/Zar - Eur/Usd - Aud/Usd - Eur/Aud - Usd/Try - Eur/Try all have 1H pins.
Gold, Zar, and Try also have 3 hour pins forming via Oanda.
I think that if the dow breaks up, then the rest will follow.
Does this sound correct?
-Paul
- #7,345
- Nov 1, 2007 1:46pm Nov 1, 2007 1:46pm
- | Commercial User | Joined Aug 2006 | 12,004 Posts
I find this market symmetry amazing so I thought I would share it with you.
Same pattern over two bars at a double bottom.
Even more interesting is that the DOWN day that precedes the UP day on BOTH measures almost EXACTLY the same as each other.
There is a 1 pip difference at the high and a 2 pip difference at the low.
Incredible stuff.
Who says history doesn't repeat itself??
A couple of thoughts...firstly, this is a DBLHC (4 pip difference) and secondly, look what happened last time!
that is some nice stuff, I got a long signal mouteki style as well the question is can we hold it for that long
- #7,347
- Nov 1, 2007 2:48pm Nov 1, 2007 2:48pm
- | Commercial User | Joined Oct 2005 | 2,899 Posts
can we close 1.5points lower tomorrow....
it would make our chart look nice...
it would make our chart look nice...
- #7,348
- Nov 1, 2007 3:33pm Nov 1, 2007 3:33pm
- | Joined Mar 2007 | Status: Zoom out | 1,425 Posts
Never say never.
- #7,349
- Nov 1, 2007 3:45pm Nov 1, 2007 3:45pm
- | Commercial User | Joined Oct 2005 | 2,899 Posts
Hi guys,
Anyone looking at eur? If it closes lower it could be a 2 day pin, from a swing high, trendline and FE 61....In any case it would be a countertrend trade, a big no no for me, but still this could signal a correction...thoughts? heres a chart, take care all, and Im still around just very busy, in case anyone is wondering (sniff) Raz
You know my opinion about pathway for $$ in the coming days (won't say here, I wouldn't want to get Tiki upset again....lol)
Have a look at weekly bar forming.... It looks like early Christmas approaching...
R
- #7,350
- Nov 1, 2007 3:53pm Nov 1, 2007 3:53pm
- | Joined Mar 2007 | Status: Zoom out | 1,425 Posts
Hi Raz,
You know my opinion about pathway for $$ in the coming days (won't say here, I wouldn't want to get Tiki upset again....lol)
Have a look at weekly bar forming.... It looks like early Christmas approaching...
R
, take care Raz
Never say never.
- #7,351
- Nov 1, 2007 4:25pm Nov 1, 2007 4:25pm
- | Joined May 2006 | Status: Trade Towards the 5 ema | 2,881 Posts
Hey comon !!! What is your opinon on pathway for $$ ???
You don't think I was really upset did you ???
You don't think I was really upset did you ???
Hi Raz,
You know my opinion about pathway for $$ in the coming days (won't say here, I wouldn't want to get Tiki upset again....lol)
Have a look at weekly bar forming.... It looks like early Christmas approaching...
R
- #7,352
- Nov 1, 2007 4:29pm Nov 1, 2007 4:29pm
- | Joined May 2006 | Status: Trade Towards the 5 ema | 2,881 Posts
- #7,354
- Nov 1, 2007 5:43pm Nov 1, 2007 5:43pm
- | Joined May 2006 | Status: Trade Towards the 5 ema | 2,881 Posts
- #7,359
- Nov 1, 2007 9:28pm Nov 1, 2007 9:28pm
- | Joined May 2006 | Status: Trade Towards the 5 ema | 2,881 Posts
ooooooooooooooh... don't scare me already !!! I already have my order placed there !!!
I am also concerned that price really wants to get to 2.1000.... but lets not do that tonight eh !!!
I am also concerned that price really wants to get to 2.1000.... but lets not do that tonight eh !!!
I'm surprised no one mentioned the GBPUSD Daily Sell Pin.
BUT, it's against a very strong uptrend not to mention NFP coming out tomorrow.
It'll be interesting to see what happens.
Tom
- #7,360
- Nov 1, 2007 11:16pm Nov 1, 2007 11:16pm
I'm surprised no one mentioned the GBPUSD Daily Sell Pin.
BUT, it's against a very strong uptrend not to mention NFP coming out tomorrow.
It'll be interesting to see what happens.
Tom
Comes at the end off a good run. So it is in a prime place to signal a reversal of direction which in essence is all a pin is.
Some of the other factors that lend support to being a good as place ans any is that it is nearing the top of the weekly uptrend channel. Currently the top of the channel is sitting about 100 pips above the high of the bar, the channel is about 1000pips wide.
NFP. This is going to make or break this PB in my mind. I don't have an opion on what the number will be, or how the market will react. I can view it two ways traders pulling their money out before the NFP, or the smart money taking up a position before the NFP.
The other Pairs. I am sure most people would be aware of how many pairs showed reversal signals today. A lot of pairs had DBHLC and 2 Day PB's are visible on most charts.
Whats this all mean?? not sure but it is making me sit up and take notice. I am looking forward to watching all this unfold. I have made my choices of what i will trade and what i will leave. now its time to sit back and enjoy the roller coaster that can be the NFP.
Enjoy
Ademac
