I see 100 pips have become a big bear now lol. Why the change? Your audjpy position is doing well. Plus the fiscal cliff thing is overrated imo after some initial jitters I have the utmost faith in congress to kick the can down the road just like ...

AUD/USD

I would be looking to get long on this on Monday as well if it forms a doji on the daily. The reason being the bond redemption is over, sp is oversold, and its close to December for that Christmas rally....

AUD/USD

Phew good thing I took profits before the bond redemption today. =D

AUD/USD

Gosh I hope so but its looking increasingly unlikely since the sellers failed to take out the 1.04 support and the aussie have made a new higher low and higher high. If it comes down to 1.04 it will at least have to bounce again before sellers have ...

AUD/USD

I'm out from my small long from 1.04 a few days ago. +20 pips. Hope to reenter again somewhere around 1.036 - 1.037 later.

AUD/USD

BTW the more I think about it the more I think gold will go up this month. If no QE announcements doesn't send it down + indian gold buying in November. That's pretty bullish.

All Majors and Gold

Ya, sometimes false breaks occur and patterns don't line up 100%. But as long as that right shoulder isn't higher it is ok, as thats the most important thing. If it does break lower I rather have less profits rather than chance of been wrong imo. ...

All Majors and Gold

But of course, the smaller time frame is set against the bigger one so I'm not sure which one will win out.

All Majors and Gold

I'm been abit conservative here as I think the right neckline was abit of a false breakout. But if you count it as valid here's an even more bearish view:

All Majors and Gold

Actually no, the right shoulder is exactly the same height as the left. The rules of the pattern states as long as the right shoulder isn't higher than the head, its technically valid. Here's some lines I drew + example from stockcharts. See?

All Majors and Gold

Smaller time frame h&s:

All Majors and Gold

Actually I was referring to this: EDIT: the pic you posted doesn't look like a h&s imo (if you're referring to the blue box)

All Majors and Gold

1550 is critical support, that is very bearish!

All Majors and Gold

It seems like there's big inverse h&s pattern building on gold at the higher timeframes, but theres a smaller h&s also on the lower one. Anyone got views on which will win out?

All Majors and Gold

Stuff like that is going to take decades, and it should be fine as long as a) China OR Japan don't liquidate their treasuries on the open market b) People think the fed will continue printing money to service their debt and c) People still use the ...

AUD/USD

WD, I wouldn't of been ballsy enough to continue pyramiding with that head and shoulders pattern developing.

AUD/USD

Ok back in long with vastly reduced size. The nzd numbers still freaking me out.

AUD/USD