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Jav,
I set us SG's super tunnel and have been studying it, if you do not want to scalp might I suggest go to the 4 hr and look at what happens on every cross of the 441 especially on EU and GU.
Thanks.
So much for that theory. I jinxed it by going short, sorry.
AJ TDI breakout on the 4 hr chart.
AJ is now bumping its head on the next upper trend line resistance. Maybe the Japan news can bump it through.
The way these pairs are now days who knows anymore.
Its pushing up through the 1 hr quad tunnel now.
Waiting for the turn before I dive in.
Looks like its still testing that trend line break.
You are very smart by not shorting the yen pairs. I think they all have one more run back to at least test the high before the big drop happens. Hence my building of a long position on AJ.
AJ looks about ready to move north.
Did not last long. Quad tunnel knocked it down.
I noticed that.
A little reading for everyone.
http://www.forexlive.com/blog/2013/05/29/audusd-looking-over-the-cliffs-edge/
Sounds good to me, I could make a lot more money that way.
I guess you and I seem to bomb together. I bombed big on AJ last week.
Not looking real good.
As of right now that trend line test that we broke through is holding, trying a long position.
My chart has us sitting on the upper trend line we moved up through now. Lets see if this retest holds and we bounce.
We on the same page I think.
I am thinking low 80's based on the fibs.
What concerns me is based on my daily fibs, we have dropped down into next level. So if we do move back up it want be much of a move.
Its been riding that 88.6 fib for a few days now.
I think that's what I need to do also, I seem to keep winding up on the wrong side of every trade.
What, looking at the one hour does this appear to be wave 5 to you.
Thanks. What's so bad is I can make money with trading forex, but I pull bone head moves and down she goes. And what I mean by bone head is I keep reverting back to my old ways of trading when I was trading penny stocks. Just plain stupid on my part. Got to get myself out of that crap and trade the charts. Just an example, last year in January when I started with forex, I started with 1,500.00, by may I was up 44,000k, but the old demons appeared and I managed to loose most of it in about 2 months. Just plain stupid moves on my part, I guess when I learn to beat the demons I might do pretty well at this.
Boca, take a look at the monthly chart, it sure looks to me like the 120 area could be our next target there.
My take, all this is bullshit. I quit trading stocks and moved to forex due to the craziness and manipulation that was happening in them, now we have to deal with that shit here. With that being said good luck to everyone I am done for a while. With a new responsibility that I have been given at work, I do not have time to keep any eye on my trades everyday. I have to basically sit and hold and check my trades at night, but because of the craziness of the currency markets at this time that does not seem to be an option unless you have a lot of money of which I do not. So again, good luck to everyone.
I wish they would help AJ.
I think Big Ben killed the Aussie today.
Oh Big Ben pulled a fast one today, but I can not see him letting the dollar go zoom zoom after they have spent months trying to knock it down.
I see big Benn knocked the shit out of everything.
So much for my theory!
They will come around, holding AJ and GU.
No thanks, I am going to have a feast when it heads north!!!!!
Long GU off the drop.
I think gu needs to drop back to the low one more time before it takes off.
Anyone watching Cable, cause it sure looks to be ready to head back north.
Japan has switched, the time to short might be upon us.
http://www.forexlive.com/blog/2013/05/19/japans-economy-minister-amari-excessive-strength-has-been-largely-corrected/