I am not a genius like CJ.....dydynamic » Fri Sep 15, 2017 10:33 am wrote: Good thing you had a tight stoploss....
NEVER CATCH A FALLING KNIFE OR A RISING ROCKET....
CAD is being prepared for a massive fall just like they prepared GBP for a massive rally and I am afraid a lot of accounts will be busted especially on GBPCAD and other CAD pairs.......
CAD needs to take the fall for USD to rise.....
dydynamic » Fri Sep 15, 2017 5:33 am wrote:Good thing you had a tight stoploss....kola8701 » Fri Sep 15, 2017 8:37 am wrote:G/A and G/Cad ... With tight SL.
NEVER CATCH A FALLING KNIFE OR A RISING ROCKET....
CAD is being prepared for a massive fall just like they prepared GBP for a massive rally and I am afraid a lot of accounts will be busted especially on GBPCAD and other CAD pairs.......
CAD needs to take the fall for USD to rise.....
Please don't depend on it unless your analysis is in line with it..... :hi:
On my Gbpjpy H1 chart, the yearly pivot was at 145.735 where there was a pullback before the massive breakout, it is a bit lower than yours, is the difference ok because it is a yearly pivot?Wavegarrick » Fri Sep 15, 2017 2:49 pm wrote:Hi guys,
Gbpjpy has crossed my yearly pivot at 148.566 held since June 2016. Much will depend on a weekly close above 148.566. Going into next week, like Gbpusd I see a pullback towards 148.566 as a buying opportunity.
Tight lines.
Cheers
Leon
Yes, absolutely the difference is Ok. Different strokes and different brokers. As long as the general idea is there. Yearly pivots will always be different, but they are powerful. My target at least will be set at Mr1 160.825 and Gu has reached or getting close to Mr1 in a matter of a few days which speaks volumes of the pound strength. Gbpjpy should retrace before there is another push up but we have to have a weekly close above the general level to show bull intentions. Next week will be interesting.On my Gbpjpy H1 chart, the yearly pivot was at 145.735 where there was a pullback before the massive breakout, it is a bit lower than yours, is the difference ok because it is a yearly pivot?
Thanks, will check it out....Wavegarrick » Fri Sep 15, 2017 4:52 pm wrote:Hi Dydynamic,
I've noticed that there was a bigger difference from my set to yours than I saw, so here's the one I use and I know this is a naked trading forum and don't wish to detract from the general rules, if this could be of use to anyone please feel free to use it. I've been using this for a number of years.
Cheers
Leon