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

Its getting awefully close! lol! this is fun dudes! DOW in the RED

you jinxed it vinesh, now pay us 100 green pips each

Ok so we got a close over 207.30 so what now Q. Does it speak volumes??:

Rallies like this are impulse rallies in a bear market. This one is news driven.

Here is a longer term picture of dj-30 for everyones info.

As long as that second downward trend line is not broken the price should drop down to test 11551 by Marhc 15th ( just a projection of both intersecting lines). I am an Engineer .. A geek so love geometry.

So the TA should work as long as we do not get something that drives the market higher and higher .. even the rate cut will only be a temporary crutch.

The other nice thing about the daily is that the intersection of the blue line and LR channel occurs right at the 61.8% of that FE plotted on a 1-2-3 sell formation.

Oh and by the way the second blue line is a mirror image of the 1st . I am using the history of the previous drop from 13500 to 11500 to forecast this one.

Well I got a close bid at 207.38. That's not really convincing. It's always a good idea to lock in profits. It is Friday as well so this beast could turn really wild. I'm moving sl to 206.90. I'm out. Bye everyone.

new 8hr and 4hr candles and momentoms

Retracement to 206.50 and then BULL continues

I'll see you guys next week, leaving my long positions open.

Good weekend to ya'll

new momentoms explanation:
in next 8hr we may have some retrace least to 8hr 5sma close or more to 4hr 5sma close..then...after that price continue to go up.

it's my 2 cents

A chart speaks volumes....

Nah, 206.41
Hmm I have another fibo line at 206.5 too but 206.41 is better, lol. Fibs all over the place!

agreed

malcom do you see a short on gj, if so how much


my best bet is 206.25

Everyone turned very bullish today

I just want to play devil advocate. Here could be an arguement for those bears out there.

The 1-2-3 sell trigger is still in play on the 2 hour as long as we do not close above 208.

The bear flag on the chart is being tested on this impulsive news driven bear rally.

The 50 sma (pink line) is also being tested but not broken yet.

There is a double top sell triggersn on my rsi.

What i really like about the 2 hour chart is the way that the gap between the price and the 50 sma has been closed. 50sma on all time frames acts as a magnet. Price has to pull back to it at some point .. this is just basic math.

The bear flag was broken yesterday , today looks like the restest.

My 2 min trigger was 207.9. I have been short since as knew dj was retracing off 12100

I am thinking 206.,4

for whom were bearish today
http://uk.youtube.com/watch?v=BIkpLX...eature=related

here it is

I hope he took his profits !

Wow....twins can keep you up at night.
Unfortunetly, I missed my 4am alarm clock to start at the US/EU overlap.
Sometimes, PST is tough.

missed out on a few pips.

But, I'm short from 207.55
TP is at 206.17 for the moment.

Just getting back in the groove. Gotta see what comes out over the next hour or two, then some good analyzing time over the weekend.

glad to be back though.

I am going to reverse the tables

If you can trade weekly or daily charts you can trade 5 min lol

Just have to think alot faster

we have moved 500 pips today. GJ did not even do this in a week some days during last summer lol