Goldtent TA Paradise

USDJPY – Daily

1. Fullgoldcrown says:

   March 28, 2018 - 8:33 pm at 8:33 pm

   You are A Bear amongst Bulls Sir Foxy

   I am a Waffle amongst Pancakes

   :

   PS…that’s a nice chart….quite the fractal

   sheesh

2. silver fox says:

   March 28, 2018 - 10:32 pm at 10:32 pm

   Have been following this closely since reversal point one. Thought the stock might break out after reversal point 3 (double bottom) When that failed I drew in a trend line from point 1 to 3, and cloned it to point 2. Sure enough points 4 and 5 hit right on the money. At point 5 there was a BB break. A topside break was almost guaranteed. However, didn’t want to post the chart – everyone is so bullish, I felt like a villain. Still do.
   I confess I did dip my toes in, just the toes (account the general bullish bias) but they got burned and I got out again. So its back to the Matrix Principle. Remember that?

   “The worst investment decisions you will ever make are based on your own or someone else’s OPINION.”

   One more thing. It is doubtful the EURO or the USD could reverse all that momentum at the drop of a hat. It should take a reversal pattern of some sort to consolidate and built a base, don’t you think?. A DT is one possibility, but a larger pattern, a 5 point reversal say, could put some wind into the sails. Granted, the reversal pattern is not complete. A clue is the behavior of the miners – and possibly silver. They seem to be looking for a reason to break down. That’s my expectation for now.
   When GOLD carries on down and the miners refuse to follow you can bet your boots I’ll be jumping up and down screaming “buy, buy.”
   The truth is I’m just a plain old tired country boy (old being the key word) trying to learn some of the ropes in the PM market. Think of all the high speed computers, the deep pockets, and the schools of wonder boy traders around the world trying to best each other in this game. Its a tough go for a lone trader – what chance could he have? I’ll tell you what though – didn’t the ‘Tent nail the bottom back in Dec. 2017? Yes it did. That’s our chance. Right here – goldtaparadise. For sure.

   This turned into a rant. Well, I said my piece.

   • Music Man says:

     March 29, 2018 - 3:38 am at 3:38 am

     Jolly good!