Recent content by JahDave

All of these bubbles will bursts ... hold on to your hats everyone........... Even Barry cannot escape history....................LMAO............And any one that believes otherwise is an idiot.................

Well the Euro finally turned down a few months ago and now it is getting a bounce. I will be shorting it again soon. My opinion is that the world debt crisis will have to be dealt with at some point and that will be ugly. I think that Europe will be hit the hardest, but I'm not sure exactly...

My favorite is the RSI...

Here is an Aussie chart that I got from the Saint Louis Fed from 1971 until now.......Please give me some opinions here................

I have been stopped out a few times in the last several weeks trying the short and have made a few pips on the longs as well, so I am almost even right now. Here is the real deal though.............On the daily charts the Aussie is very close to the .7160...

If you are a position trader then i say go short now. If you are a scalper then I say go short now.......If you trade the fluctuations of the markets on the hourly charts then I would say that the Aussie is going up a bit more before going down long term....... Questions???

Or just higher,,,,that is even better for trading...........After this last move finishes then I am a seller long term, and I mean very long term,,,,,,,,,,,,,,Maybe for several years on a core position with trading the shorter term with smaller positions............

This pair is blazing to the upside....... When it is done then this will be avery good short. BTW, The USD index has one more move up...

I am posting a 5 minute Ichimoku chart and i don't like it for a long term down move at all.......It has fallen through the cloud multiple times , but from an Elliott Wave perspective then it is going into a lower "C" wave and then higher

Well here ya go. My feeling about it not making the 61.8 fibo retracement on the daily was well founded. Sometimes currency pairs don't turn on Fibonacci levels, but most of the time they do. I did a little chart relabeling because of the last 2 days moves. It is obvious now that this pair...

The 1 Minute chart is having a very strong move up and this seems more normal now before a reversal.

Here is the Aussie daily and hourly chart. On the daily chart I don't like the fact that the correction fell short of the Fibo 61.8 retracement, but that could mean a very strong down move as well. On the hourly chart, There is a very nominal high here and this pair just can't seem to get any...

Here is the Aussie hourly chart as well. There is divergence on the RSI and a sell signal on the trix and fractal.

Here is the Aussie daily chart. I will be looking for a daily close over the 8 moving average to confirm wave 2 is going higher. If it closes below the 1.0097 then that will be pretty good confirmation that wave 2 is over and it is in a third wave down. I already sold it several hours ago and...

As usual I was a bit early but I am posting a 1 hour chart . It appears that on this pair has indeed started a wave 3 down on a minor scale. The thrust is there and that is why I am posting this chart tonight. Wave 3 is usually the longest and strongest wave so I accept that and think this...