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MoForce replied Oct 18, 2007Here's a pattern I've noticed over the past few weeks... a nice little funnel which has been holding true for quite some time
It's a good way to see where USD/CAD is going but I'm still waiting for a break of either of those lines ...USDCAD trend reversal?
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MoForce replied Oct 18, 2007Just a tip.....NEVER EVER think there will be a change in the long term trend based off of a break in a level only a few hundred pips away... This downtrend has been there for a looong time now and your red line is at a mere 50-100 pips away... ...
USDCAD trend reversal?
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MoForce replied Oct 18, 2007well it's time for G/J to retrace a lot during the asian session...especially if we're all gonna see massive falls G/J is currently oversold to the max so expect it to go as far as 237...we may even see a ranging day today where G/J might just hang ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
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MoForce replied Oct 18, 2007The possibility is getting higher and higher....but we may not see a down "for good" we may get up to 210 and have another rebound
Auslanco - GBP/JPY and GBP/USD (newstrade)
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MoForce replied Oct 18, 2007Yeah something about G/J these last couple days have been quite odd but still predictable...like I may expect to see it go to 220 then possibly lower
Auslanco - GBP/JPY and GBP/USD (newstrade)
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MoForce replied Oct 17, 2007lol wow I just realized I was looking at something else before....lol nvm I knew something was wierd... THIS is what I'm really seeing...
Auslanco - GBP/JPY and GBP/USD (newstrade)
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MoForce replied Oct 17, 2007Right...it's there but I don't see it as anything major at this time
Auslanco - GBP/JPY and GBP/USD (newstrade)
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MoForce replied Oct 17, 2007It probably will but in the daily run there is no major support along the way
Auslanco - GBP/JPY and GBP/USD (newstrade)
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MoForce replied Oct 17, 2007theres no support from now until 236.41 and I expect it to go there but if it breaks its open it'll head straight to 238.60 (resistance from yesterday)
Auslanco - GBP/JPY and GBP/USD (newstrade)
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MoForce replied Oct 17, 2007WOAH! A change in what trend? I hope you don't mean the overall trend
USDCAD trend reversal?
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MoForce replied Oct 17, 2007Thats an interesting site...do they actually pay?
Auslanco - GBP/JPY and GBP/USD (newstrade)
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MoForce replied Oct 17, 2007Yep I second that...but I'm guessing it's like a 1-10 dollar trading account
Auslanco - GBP/JPY and GBP/USD (newstrade)
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MoForce replied Oct 17, 2007wow I'm just getting back to see quite a bit of G/J movement
I'm keeping my shorts for a whileAuslanco - GBP/JPY and GBP/USD (newstrade)
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MoForce replied Oct 17, 2007Dow failed to break 14k again and is now falling and G/J along with it
Auslanco - GBP/JPY and GBP/USD (newstrade)
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MoForce replied Oct 17, 2007I jumped in now...238.60 proved to be tough resistance... I'm expecting 237.40 first then if/once that breaks we'll be going to 236.20
Auslanco - GBP/JPY and GBP/USD (newstrade)
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MoForce replied Oct 17, 2007Just as I expected and stated before....there was a bounce off the upper yellow line

USDCAD trend reversal?
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MoForce replied Oct 17, 2007Hmmmm...not too much of an effect... I guess I'll wait for the markets to open in the US I'm thinking markets will start heading down and end the day up and likewise with G/J during the US trading time
Auslanco - GBP/JPY and GBP/USD (newstrade)
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MoForce replied Oct 17, 2007I closed at 238.50 my patience indicator told me to...I'll wait for the news
Auslanco - GBP/JPY and GBP/USD (newstrade)