Auslanco - GBP/JPY and GBP/USD (newstrade)

We all really love Karmo's crystal ball, but we get in trouble when we ask questions like "where's it going?" We don't want Karmo to get sick of us. Know what I mean? Just wait and read. You'll know soon enough.

Could also be, we will see in the next 24 hours.

By the way: Do you know this clip from Seinfeld ?
I think she took too many patience pills. lol

http://seinfeldtv.livedigital.com/#:...o=20:c=1601951

I think we'll see it back at the 4hr pivot before close. . .
4hr pivot comes in @ 237.48 - then Asia can decide what direction they want to take it - JMHO!

I'm really anxious to know where this is headed after NY closes. Someone needs to beat some common sense into them.

Looks like the Asian Session will be in the red.

Ok, I'm long and 1st target is 239.30 , if 4h QQE crosses upwards then I'm going to leave the rest of my longs for 241-244 area new 4h momentum is still bullish

are the price will hit the retrace and bounce to up again??????

Can you point me to the premarket live chart you are looking at?

IMO yes, but many here are still bearish and I could be wrong. I'm gonna rest for a couple of hours, later all n good luck.

Possibly a H&S forming on 30 min/1 hr ?

have a nice dreams karmo and thnx for your support my friend, you are great with your analysis

thank you very much karmo

and goodnight

After working damn hard on each pip I get and now 40 pips away from 50% profit, the last trade I took just ate all of my profits away. I trade 1 minilot per pip which is normally almost 1$ but on my last limit trade that I left I didnt notice it was set to 1 standard lot. Since I'm in this position now and I'm short anyway I'm going to trade it since im over -50 anyway. I see a possible H&S on the 1h and I have my stop set. Win or Lose, ill be back trading again with the normal risk. Also to those who will say that I should just close it, Im already -50 and Im also trading what im seeing right now with just an accidental additional 9 pips. Oh well. We'll see what happens.

No chart, logic dictates that the dow is down + $ is down. $ fuels the Japanese economy. A weak $ is bad for Japanese exports. When Japanese exports get hurt, the yen strengthens and Japanese stocks take a hit. Hope that answers your questions.

Also,

The UK economy is a service based economy. Higher Cable, less services are sold. Fundamentals dictate we should see GU coming down next week.

You will find me taking sides with Markam all the time. I look @ fundamentals. I don't follow anyone's signals. I trade what I see. I utilize fib's an pivot points to give me an idea where a currency is at. What the trend is and trade with it but always keeping in mind what the findamentals are. Had it not been been for GU, GY would be trading around 232-233 right now.

P.S.

I would highly recommend that you do some research into the US and GB economy, if this the currency that you want to trade. I have found that most (not all) individuals trade currencies but they have no idea as to what drives currencies up or down. When you have a better understanding along with technicals, an individual can become a better trader and lessen his or her losses.

GU headed for a major correction here and will pull GJ down with it imo

I'm targeting 241.5 if G/J turns bullish

I believe we wont see 240 or even 239 any time soon imo, based on the fact that GU is crazy overbought and its at the top of its channel. Personally, I'm expecting GU to go down to 2.04 in the next 2 weeks or so. So if a fall like that happens on GU, UJ would have to go waaay high to keep GJ from falling.

just got off the plane and it looks like it was perfect timing

Both!

I'm expecting G/J to reach 238.00-238.50 and a confirmed break of that level will have me targeting 240 again otherwise... I'm now short