DislikedHey there..knock knock... it's time to get up !!! Too much late partying for you !!!Ignored
Tiki, didn't you know?? I'm a psychic! That's how I knew in advance that pin bar would form!
I dream, therefore I become.
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DislikedHey there..knock knock... it's time to get up !!! Too much late partying for you !!!Ignored
DislikedI think your right on that Tiki hahaha Anyways, the gbp/jpy is closing today as a pin bar off of the resistance. I doubt we will see much more movement until the days close and so, after a small retracement upwards, I plan to add to my short positions.
Tiki, didn't you know?? I'm a psychic! That's how I knew in advance that pin bar would form!Ignored
DislikedInteresting prespective Tiki. If Gold does come down, it should have a negative effect on AUD pairs. However a pin bar by itself does not indicate that the trend is going to reverse. We should wait for a confirmation bar to conclude that pin bar is indeed a reversal signal. On the daily chart, Gold seems to be range bound approaching resistance level at 850. If Gold does breakdown, and AUD/JPY also fails to break above the neckline, then it could be a downward journey.
Mike..Thoughts?? Should one wait for Gold to confirm its direction before taking a position in AUD/JPY or should one take a position in the pair if it breaks above the neckline?Ignored
DislikedOK... but I also am not thinking of a change in trend... that is a pretty big PB there... just coming down the length of its nose would be a big den in price... and PB like that seems to me has a pretty good chance of working out...
I don't see it as a change in trend... but perhaps the top of a swing high... and also remember that the truth is... I know very little... it was just something that occured to me in a flash as I was passing by the gold chart...
Oh... Hiiiiiii Mike !!! We were just in here talkin...Ignored
DislikedWhere is Mike anyway ??? He's never around when you need him... all that partying last night... starting the weekend way too early when he should be studying to get ready for the January start of school... I hope he didn't break his knee cap out playing hockey....Ignored
DislikedHey Tiki! I'm here! haha As for the gold tied in with the Aussie. Your absolutely right on that. If tomorrow ends bearish, that would put a bearish turn on price for the weekly chart as well. That would, indeed, coincide with the gold coming down. I may have to close out the Aussie trade if and once tomorrow would end bearishly. Thanks for the heads up!Ignored
DislikedDon't close out any trades on account of me... I'm just yappin !!!!!!!!!!!Ignored
DislikedYes sir, they are both turning out great so far! The usd/jpy, like I said before, could go all the way to and beyond previous lows. Long term target of 105. I'll be selling on rallies all the way down.Ignored
DislikedWhy do you say that USD/JPY might go all the way low. Is this just a hunch or there is some thought process behind it?
BTW..All JPY pairs have broken down...seems like anyone long on JPY pairs would have had their SL hit. Mine was with GBP/JPY.
Any thoughts on how the drop could have been capitalized on?Ignored