Roddy if you want to know why eur/jpy just spiked north after looking southish take a look at the 5 and 15 min for eur/usd,and the U turn on it's 5min.
Cheers
Miner
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Roddy if you want to know why eur/jpy just spiked north after looking southish take a look at the 5 and 15 min for eur/usd,and the U turn on it's 5min.
Cheers
Miner
Well roddy hope you took your short,to much for my brick brain tonight,eur/jpy touched top of today's U's and the roundy top on usd/jpy was the one.
Cheers
Miner
http://img88.imageshack.us/img88/3776/rod4ss3.th.png
The roundy top that a sharper knife would have shorted.
Cheers
Miner
Hi Miner
yes i did take the short but got stopped before the large drop,always another day tomorrow,
have just downloaded ava trader
going to call it a day,
hope you feel better in the morning!
cheers
roddy
Look how many pips on each for that move,more bang for your bucks on eru/jpy as usual but usd/jpy gave the short signal first.
Good you got a bit of it roddy,you will be watching for roundy tops now hehe,ava ok but can lag behind a bit especially when things get moving like tonight,so always have trading station on screen to check,ava is good for my system though (setup) like power charts but they work which is handy.
Waiting for opp so will be a sicko till then hehe.
Cheers
Miner
i've coloured it up a bit in the Heikin-Ashi and the change of colour in the candles also seems to define trend very smoothly.
http://img85.imageshack.us/img85/481...ikinnn1.th.jpg
I'm out for most of the day but just had a quick look and eur/jpy and usd/jpy both did a nice U turn on the 15min chart last night to go back and test the big move low,have a look as it is one of the patterns I look for,for every action there is a reaction,so if you miss the big move there are usually scraps at the end of it.
Ta peat for the chart.
Cheers
Miner
http://img140.imageshack.us/img140/3140/qqqlk8.th.png
http://img132.imageshack.us/img132/3669/qqq1lo4.th.png
Just got home to see this lovely U I missed,as usual eur/jpy gave more bang for your buck,if you look at my other time frames, 1 day,1 hour,and 5min,you can see it no worry's.
Cheers
Miner
Don't know why the chart doesn't show it but usd/jpy has a good tail on the top of the turn candle,also see how they confirm each other.
Cheers
Miner
theres U's everywhere in my charts now miner ;+) esp with the Heiken Ashi - it just seems to make trends and trend changes much more obvious.