BIG CALL - get rich trade

[radex78]

yeah, still not launched although all sort of resource prices doing fine. However, on micro level, one can see we are on buy side - buy signals nearly all work.

80 is line in the sand. If trade develops as I expect 105 will be first resistance and we may get there surprising quick. See weekly chart.

I see weekly chart on last candlestick figure out bull candle but still not yet reached highest previous weekly, might still possible to triggered, but on daily chart I see audjpy on consolidation time which figure out doji candle

 

[toolazy]

you are right. no start yet. Wait and see. It is still within my prediction parameters.

Chinese market took 1 year to actually start upswing after signal generated. But, i expect to remain above 80.00. Patience

 

[radex78]

Yes be let tryng be patience, I don't know what reason this morning gap occured on japanense yen on pair usdjpy, gbpjpy, eurjpy, audjpy and these gap included in long distance

 

[toolazy]

oil talks failed. however market picking up quick, in direction of my audjpy prediction. looks like these guys know how to bluff.

since mar 3 when my original signal came, audjpy has not moved, however, resources related stocks did well.

gdx up 15%
xop 20%
bhp up 10
rio 7
gold down 1.5%
iron ore duno dont have chart
oil up 10%

So, stocks did better than underlying commodities.

audjpy remains above 80.00. Looking at 86.70 to wake us up as run up may start and tempo will change, possibly dramatically.

I am running system 2 shorter term that I hope to compound by trading buy side only. Till 86.70, have fun and life.

 

[radex78]

I am trying to follow open buy on audusd now and I see pair audjpy which before occur gap down with long distance eventually covered the gap and back move bullish again

 

[doggyfx]

My system triggered massive buy signal in AUDJPY. Price now 83.
System target is 170 !
This system had 7 sygnals so far an all win.
Before you say who cares I am not fx trader, observe AUDJPY again Australian stock index long term. Basically you can see high colleration with any stock index.

Therefore, if this signal is right we are at start of massive bull rally in stocks.

Don't say I didn't warn you.

Signal will be invalidated at 77.

So, I suggest buy whatever, probably resources of some sort, gold maybe, looks like stimuluses are released with massive force to ensure whole system does not collapse again. longs have been wiped out, especially massacre in gold stocks.

ps: it is obvious but i will say it anyway - I am heavy into this trade

So it will rally from 83 to 170?? Come on with such strong movement there must be turmoil on all financial markets, cuz its impossible to see such change without impact on other currencies..

 

[toolazy]

So it will rally from 83 to 170?? Come on with such strong movement there must be turmoil on all financial markets, cuz its impossible to see such change without impact on other currencies..

very good observation. It will be but audjpy will be my canary in the mine.

what is so out of balance to cause this kind of move ?

everyone is convinced now there is no inflation and all in order. Or he/she has been margined out of markets and had to sell on low. However, reality is that anglo economies produce nothing of value. And play financial engenering using all sorts of modelling, by manipulating everything. Say in AUS, stimulus is only spread to 2 big cities not to collapse system. And quality of loans is beyond joke. Bet, west economies are quite similar in that respect. This guarantees printing for decades.

As people start realising in numbers value of money and value of work, real assets will become popular like resources, land, water...

Aus may not have enough fresh water but has many other real assets. Houses/appts are not, of course, but land is.

RESOURCES. Getting that 2k + in gold, etc will finally come true for gold bugs. Unfortunately they had to sell on bottom and will continue to wait below 1k until finally buy in at 2k+

SHORTS - many have fell for large dividends that are paid by many companies. And hold no real assets. They will have to switch when pain big enough.

Assuming that this was bottom in resources, historically recovery is 10x or more from low value. This time as fall was large to kick out all sort of bugs, 20x is possibility.

So, yes, 1.7 makes sense to me.

And of course I got 8th signal. Previous 7 all full hits. See examples earlier posts.

 

[radex78]

Still floating now on audusd, I am hold as swing trading and already modify stop loss in profit let see what happen next week

 

[toolazy]

Still floating now on audusd, I am hold as swing trading and already modify stop loss in profit let see what happen next week

play on buy side of AUD and sometimes forget to take profits, if you can. surprises will be on upside.

 

[radex78]

play on buy side of AUD and sometimes forget to take profits, if you can. surprises will be on upside.

Ogh you right, now hit stop loss already, this pair move vice versa on hourly, but still get small profit because already move stop loss in profit.