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Da Signals

It takes a lot of fortitude to use them but I think the signals blog is proving itself useful.For example, right now we seem to have establi...
Posted by | 06.17

Alert: AUDJPY Head And Shoulders?

I've spent most of today scalping the AUDJPY (on the long side).Jumping up to my 3hr and 4hr charts, as I have two platforms running, I ...
Posted by | 19.18

AUDJPY: Short On Failure?

It might be time to think about shorting the AUDJPY.It's coming up to a recent high and might not have a lot of legs left.If we get a de...
Posted by | 13.08

AUDJPY: Look Who's Consolidating

Well, I should be sleeping, but since I'm not I thought I'd take another look at the charts.Guess what -- it's the same chart bu...
Posted by | 00.46

AUDJPY: Decision Point

I'm looking at the 3HR chart at the moment. We seem to be looking at an impending strike on a recent support line.If this resistance hol...
Posted by | 18.20

AUDJPY: Decision Point

After the downward move, see the last post, we are now poised to either bounce off the previous low or sink down.In other words, either resu...
Posted by | 17.23

AUDJPY: Breaking Trend?

Though I'm a bit leery of Sunday price action it looks like a fairly long term support line is being broken.This could be interesting......
Posted by | 18.34

AUDJPY: Collapsing Bollinger

The range of price movements has been shrinking.Or, as generally considered from a technical analysis point of view, the bollinger bands are...
Posted by | 05.47

AUDJPY: Some Upward Movement

Finally, after suggesting all day long that I'm looking for upward movement it's finally here.How long will it last? Who knows. Wi...
Posted by | 16.41

AUDJPY: Slow Decline

I'm sitting here watching the slow, achingly slow, decline in the AUDJPY.Based on RSI and stochastic evidence, not shown on the image be...
Posted by | 10.39

AUDJPY Revisiting Lows

We're down below 63.00 in the AUDJPY market (as I type -- it may bounce).This appears to be a test of the 5+ year low for this pair... g...
Posted by | 20.08

EURAUD Head And Shoulders?

Are you a Forex carry trader?Don't look now but the EURAUD has completed two out of three components of a head and shoulders pattern on ...
Posted by | 16.48

Potential AUD/JPY Double Top

It's hard to say whether it will complete or not, but the 1hr chart is showing the potential to make a nice visible double top by the en...
Posted by | 05.21