AUDJPY: Price Alert

Tuesday, November 10, 2009

Since I'm awake I thought I'd point out a price alert.The AUDJPY currency pair is testing a support line.A long tail break (closing on or above the support line) would still be a bullish sign.Anywhere, here's a recent 1hr chart snip.This is a good place to look for a trade. Good luck.NOTE: See the previous post... it shows the support line valid since November 1st.UPDATE: Upon waking this

Signals Blog Online

Wednesday, October 28, 2009

Just a short note to let you know that my new signals blog is online. Obviously this is a use at your own risk situation.Robot Price AlertsAnyway, when my robots notice various conditions they will post a message concerning the event in question.The only notice type currently active may identify a situation that will either have a short term AUDJPY price rise offering a scalping opportunity or a

Possible AUDJPY Reversal Point

Monday, October 19, 2009

I obviously have no guarantees but, according to my own proprietary reversal indicator, this is a potential reversal point.Again, do your own homework, but this is the "signal" I'll be posting to my alerts blog...UPDATE: It's about 9:49pm and the AUDJPY 1hr chart is showing a potential twin tail.UPDATE: It's 10:03pm and here's the 1hr chart right now...And here's the chart from my last post

Skeptical About The AUDJPY?

Friday, October 9, 2009

I'm sorry you feel that way. Perhaps after looking at the following chart snip you'll think that you may have missed the boat.See how the daily chart shows solid support since March? March! Hello, it's a little too late to be skeptical. The question you have to ask yourself is why has the AUDJPY been performing so well and how long will it continue to do so.On another note, I'm going to start

Forex Panic Attack

Monday, September 15, 2008

Well, if it looked like there was some panic last week, it should be very interesting to see what happens during trading this week.I hope you've kept your powder dry! There should be some Forex fire sales happening before long. The tough part is figuring out when the currency markets are finally starting to turn around again.Good luck out there...

AUDJPY Stop Losses Hit

Tuesday, January 8, 2008

Well, positions entered overnight and this morning have now been stopped out. We are approaching the SMA-50 (simple moving average over fifty measurements) at approximately 96.37 and we are likely to enter a buying zone soon.Obviously, the risk is that it won't bounce, or worse, that it will bounce, give us false confidence, and then fall like a rock.In any case, I'll be taking small chunks with