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Anyone see the bearish TDI baseline divergence on AU 5 min? I still think this is not top until 1.0755 but should be a good short trade nonetheless.
1.0750 should be the 1.414. 1.732 already showing (square root of 3), next up square root of 2 (1.414)
Oh my AU got some gogo juice overnight. Got my first short at 1.0716.
lol I gotta head to bed. Leaving a small long order at 1.0530. Thing about UJ is I really think it hit mid 75.50s or so. I mean why intervene now when it just poking around? So either a flash candle or double bottom to stop the downtrend of late I think. Long term tho it's a buy and hold me thinks even from here.
Something about to give on UJ. That's some of the tightest 20 bollies on the 15 min chart I have seen. Since the 4 hour 34 standard deviation is at .6573 and starting to tick over down a little I suspect we are about to have either a flash crash candle battle or some uptick, one or the other.
Lol pennies I agree. Just a matter of not letting it overflow!
Well a rising tide raises all ships so I'm not sure that changes the game at all.
I see a bad trade as a lesson to learn, either something I didn't see or something I should have seen. I usually throw in a teeny tiny one for the ante and then I look and see whether I want to fold or bet as the hand unfolds. I've had my share of losers but lately they've been small and I intend to keep them that way.
Yeah I'm not too much on facebook. Don't have an account cause I got no time to waste on it. Lot's of people like it tho but 100 billion is a little rich I think.
Do believe we about to see some fireworks at 1.0593. It's the .786 of this last little triangle pop and the .786 is the square of .886. pop goes the weasel.
AU breaking out of the 5 min triangle to the upside.
That would seem logical at some point. First I think we have to work our way through these three triangles/technical levels. I don't know that this is the way it will necessarily work out, I just know there are some very important relationships between the angles.
Here is a good read on gartleys if you're interested.
http://harmonictrader.com/price_patterns.htm
ZUP puts the blue triangles in. I don't use them much, just haven't turned them off.
The yellow fibs/trendlines show up by themselves with ZUP. The red circles I drew in.
stargate I'm not sure if anything really stands out on the larger timeframes. There's a lot of noise down here even on the weekly. Alpari was calling for 75.75 this morning.
The 4 hour shows a 1.272 extension which is one of my favorites. It is offset with a .786 which is the inverse of 1.272. Seems to me like run Jenny run should be in order soon tho especially with the high standard deviation and the low Hurst reading.
Great reciprocal trade here at the major .618 on AU. .886/1.128 inverses.
I just went long on it for sheets and giggles. Not much, just couldn't stand it tho 35 pips away from the peg.
I think very good chance of a pop in big fashion here.
Ahh Chinese manufacturing data out later.
http://www.forexlive.com/blog/2012/01/31/aussie-swoons-as-risk-comes-off/
Musta been some crap with Greece is all I can figure.
After studying the 5 min chart, there is a 1.902 embedded within (at the orange line here). That being the square root of 3.618 would think we may see 1.0670 to fulfill that first. Back to the .786 and then down. The big 1.902 on the hourly really I think points the way but probably gotta finish out the smaller timeframe cycle first.
Shorted AU at 1.0628 at the 2.236. On the bottom side we have .382 followed by .854 and .854/.382 = 2.236.
AU roaring again lol. POS.
So did ya know that .854/.236 is 3.618? I see the .854 and .236 on UJ, just wondering about the 3.618.
Probably some but I wouldn't think a lot farther since the TDI market baseline is below 30. Sometimes it'll trend there for extended periods but long term it should make for a nice trade.
I'd like to buy some there too.
May be the flash crash candle in the works now. I'm getting ready to add again. 1.414/.707 inverse on the 1 hour here.
Well normally high metals would mean lower dollar. However, since the PAGE is backed with physical metal I would suspect it might be the butterfly that sparks some pretty weird repatriation-type flows in fiat currencies.
I just add some too. That thing so ready for reversal. Keep going BOJ probably intervene.