Usd/jpy

[okkievg@telkomsa.net]

Hi Neal
Have a look at this pair. At the moment the 4h chart is in a clear down trend and retraced to sk resistance @106.30, but the MACD is still strong bullish and has not yet rolled over. The 30 min chart though, broke an up trendline to the downside at this resistance @ 106.30. The MACD on the 30min did rollover. My question is: Can we sell at this point on the 30min chart or do I wait for the MACD on the 4h chart to rollover, because if I wait for the 4h MACD to rollover, I would be at a possible support allready and the trade would be lost on the 30min chart? Hope I make sense.
Regards

[FibMaster]

Okkie,

Great question! I recorded a mini video-lesson on this for subscribers at http://www.dailyforexcharts.com/subscribe.html

Check your email, it's there.

[FibMaster]

This is really great!

I'm attaching two images, in two messages.

This one is a screen-capture image taken from the video lesson I made for subscribers. Notice where the yellow circle is, the cursor is where I am projecting a possible turning point in the future. I'm placing a blue "X" on the screen in the video, where I am projecting a turning point.

[FibMaster]

Here is the second image. This is how the chart developed after my video lesson was sent to subscribers.

Notice the red arrow that I added to the chart. It points to that blue "X" that was placed in the chart during the video.

What did the chart do? It rallied right up the the "X". After that? It reversed on the "X".

How is that so? How can it be? Hahah! I love it when that happens.