DislikedWould've liked to have been around for this one..Ignored
Forex Ideas & Comments 18 replies
Fibonacci thoughts & ideas.... 13 replies
DislikedMonthly GBP/JPY has a chance to turn into a huge diamond (most likely a reversal one):Ignored
Disliked1. For the lower right diamond boundary it only has 1 touch point I can see. I tried to use the 07/2005 monthly bar, but my diamond doesn't have the same shape as yours. Is that line in your chart an estimate or has a 2nd touch point?
2. I assume you are thinking this month has already reached its top based on your chart. Is that true? If yes, why?Ignored
DislikedThis guy at jsminset dot com says : This is it because the US dollar has completed a major head and shoulders bear formation, pulled back to the underside of the neckline and thereafter declining below the major support line drawn from the beginning of the big dollar bull under Chairman Paul Volcker. Volcker made the dollar and Greenspan gave it all back to Asia.
The dollar break below the recent and most important major, major support line drawn from 1980 to now is the fundamental basis which will push Gold to $1650. The US dollar is without any doubt in my mind is going to .7200, followed by .6200.
The US dollar has now made a clear indication of the final head and shoulders; the massive formation from the absolute top is breaking down.
Whats your thoughts on dollar dropping Igrok - You have been trading since its rise from 1994 all the way to a now lower in 2007. you must have a comment on that.Ignored
DislikedJust wondering how someone would think this is a diamond pattern - Igrok doenst there have to be a point at the top that meets the peak and at the bottom. i think this is a case that this guy is seeing something he wants to seeIgnored
DislikedSeems like there is another relatively small diamond developing on AUD/USD dailies also seen on some intraday charts. Single-diagonaled one. If later confirmed and broken, the break should target .9800 area initially.Ignored
DislikedHow did you determine the .9800 projection?
That is a big target. This makes me curious about how you would move your stop as it goes up. Like a certain type of technical level, etc.Ignored
DislikedWas wondering if i should look at this for a future Descending (2 Red Lines) or do you prefer to look at triangles like the grey slope/red line bottom.Ignored
DislikedJust wondered if you had some template you would have chosen for the JPY move of yesterday. I am looking at the charts and various time frames and I cant or am not 100% on any particular pattern. ThanksIgnored
DislikedSo the swissy has broken support..Ignored
DislikedSeems like the USD/JPY is not going to miss an opportunty to run for a monthly divergence target pointing below 109.00.Ignored
Well I sure wouldn't mind that...but it would move past that lower TL / triangle bottom...wouldn't that spell disaster, death and doom?
Simplified estimates hinted at around 106.85 here(other projections say 105.40 initially), but I cant believe it could go below the trendline. Or rather that people would LET it go there.Ignored
DislikedI would rather place the target at 108.25-30. It's not exactly the triangle's lower border line, but have a feeling that this level might provide some good support.Ignored