Hi Hussin,
Hi Peaches,
i watched the monthly U/J this morning, so your conversation about G/J brought up the idea to compare G/U, U/J, G/J on a broader view.
U/J, what i found interesting was this triangle starting back in 1989, there is also a major resistance around 101, which was only broken once, but U/J snaped back imediately (well, it took a half year
). And you can see very good, that the $ weakend more and more on every Top it was making on the UTL, it also took longer to recover. Today, again we are near the resistance, not only that, it also broke through it and nearly reached 95 and closed below it end of march.
but is the financial crisis really over and the $ on his way to rally up?
G/J,
no offense peaches, but as i read your forecast, i rememberd what jupiter told to me once: "try not to predict where the market is going, if we could we would be zillionares" or smth. like that
so i got sceptical and i tried to figure out, how this could be possible.
what first come to mind was that Cable was very strong since 2001, while the yen didnt gain this much in the same time, again and again it bounced of this magic 101, never went through the 100.
So on a very high timeframe Cable is stronger than Yen the last years.
So how could G/J reach its target (i hope you see this post not as an offense, its rather a possibility for me to analyze and learn, you just gave me the impulse
)
So there are a few requirements for that to happen: G/J @ 187.50
G/U falls & U/J falls
this would be perfect, since this way G/J would go down the fastest.
Cable would lose against the $ and the Yen, Yen gains over the $ and the pound.
on monthly there Cable still didnt touched the LTL, if its ever going to, so here we have a little space to let the Cable move down. As i look on U/J its just moving up from the bounce, though the yen gained more and more strenght against $, so again this would be possible, as we see a move down on U/J.
but for me it would rather be that Cable is moving sideways and U/J down, therefor not such a big move down for G/J to break the LTL.
what could be a problem is, if lately the $ is weakening against all currencies (see the US$Index), why should the G/U not break to the upper side? so this thought weakens the expectation a little.
the other thing is, why should the yen gain against $ and pound, or why should the pound lose against $ and Yen, are there any fundamentals pointing in this direction, that the yen is strengthening overall, or that the pound is weakineng overall?
My guess ! then would be that Cable moves stronger against the $, Yen moves stronger against the $, and G/J slowly moves down to the LTL, from there i would reasses all my thoughts and maybe we finally will get to 187.50
PS: Sorry if i disturbed anyone, i know this has nothing to do with daily candlesticks, please excuse.
Hi Peaches,
i watched the monthly U/J this morning, so your conversation about G/J brought up the idea to compare G/U, U/J, G/J on a broader view.
U/J, what i found interesting was this triangle starting back in 1989, there is also a major resistance around 101, which was only broken once, but U/J snaped back imediately (well, it took a half year
). And you can see very good, that the $ weakend more and more on every Top it was making on the UTL, it also took longer to recover. Today, again we are near the resistance, not only that, it also broke through it and nearly reached 95 and closed below it end of march.but is the financial crisis really over and the $ on his way to rally up?
G/J,
no offense peaches, but as i read your forecast, i rememberd what jupiter told to me once: "try not to predict where the market is going, if we could we would be zillionares" or smth. like that
so i got sceptical and i tried to figure out, how this could be possible.what first come to mind was that Cable was very strong since 2001, while the yen didnt gain this much in the same time, again and again it bounced of this magic 101, never went through the 100.
So on a very high timeframe Cable is stronger than Yen the last years.
So how could G/J reach its target (i hope you see this post not as an offense, its rather a possibility for me to analyze and learn, you just gave me the impulse
)So there are a few requirements for that to happen: G/J @ 187.50
G/U falls & U/J falls
this would be perfect, since this way G/J would go down the fastest.
Cable would lose against the $ and the Yen, Yen gains over the $ and the pound.
on monthly there Cable still didnt touched the LTL, if its ever going to, so here we have a little space to let the Cable move down. As i look on U/J its just moving up from the bounce, though the yen gained more and more strenght against $, so again this would be possible, as we see a move down on U/J.
but for me it would rather be that Cable is moving sideways and U/J down, therefor not such a big move down for G/J to break the LTL.
what could be a problem is, if lately the $ is weakening against all currencies (see the US$Index), why should the G/U not break to the upper side? so this thought weakens the expectation a little.
the other thing is, why should the yen gain against $ and pound, or why should the pound lose against $ and Yen, are there any fundamentals pointing in this direction, that the yen is strengthening overall, or that the pound is weakineng overall?
My guess ! then would be that Cable moves stronger against the $, Yen moves stronger against the $, and G/J slowly moves down to the LTL, from there i would reasses all my thoughts and maybe we finally will get to 187.50
PS: Sorry if i disturbed anyone, i know this has nothing to do with daily candlesticks, please excuse.
Invincibility lies in the defence, the possibility of victory in the attack
