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

Hi Clouds
weekend price gaps from the XE source are usually false.
there are also three different kinds of gaps ,breakaway , normal and exhaustion gaps, i am still researching these. ( if i remember correctly , some will fill but not always do)

bless

MmmKay

just a quick comment.
daily chart looks bullish at the moment, and from what i see, there's more room up. it already shows 3 waves (A, B, C).
http://img95.imageshack.us/img95/3754/gjdrw8.th.gif
h4 and lower charts show that a correction is imminent. h4 also shows 3 waves. so basically, IF h4 starts to fall, then it's also probably the end of the third one on daily.
i wouldn't expect a correction unless i see that trendline broken on h4.
http://img95.imageshack.us/img95/8250/gjh4tq6.th.gif

Let that be a lesson

usually SL with 100pips will clear the picture whether you are right or wrong with your idea for next move

according to my analysis, a corrective move down will be available from Wednesday; Monday and Tuesday shall extend push ups IMHO

Bear food....

History 1... 2...


Present 1... 2...

Perhaps that order will be sells instead, history always repeats itself in the cosmos anyways, action and reactions are somewhat predictable wouldnt you say.

who cares what one of your friends "wants" to do
how about you give us some info that we can look for to see if it plays out like he thinks than at least you'll be constructive instead of this I'm better then you cause your all only retail traders BS.

Bulls are about to get slaughtered

http://tbn0.google.com/images?q=tbn:...Red-EPIC05.jpg

hey lilmoe hows u bro
well we r on a nice bearish formation for the next week
check ur zl stocs @ 4 h chart

hi all

is that hanging man candlestick on the Daily chart ??
is that candle strong or it will be weak ?
can i keep my shorts or close them and go long ?

thanx every one for the nice Thread ..

Regards

you should decide yourself; GJ shall go up further AFTER very modest correction to 208.8 level IMHO

With candlestick pattern you must wait for confirmation, how far are you willing to let it go against you. What was your signal that made you go short...has it been violated...It is kind of tricky as the day closed above 209...but IMHO if you dont close you are gambling.

think about the reason why they were connected. long story short, during US session, big dogs were trading usd from stocks/etc against jpy... so when they sold stocks for dollars (dow going down, right?), these dollars went into usd/jpy buying yens (which made usd/jpy fall) = the end result was dji down, u-j down. g-j was usually following u-j...
so now, big dogs are doing something else with the dollars from stocks. oil would be an option, although i don't know for how long.
soon we'll probably see u-j and g-j going into different directions. look at how dollar strengthens against all currencies, and then look what's going on with the pound.

thats mean i have to close all my positions and try agian in the new week
i have more to learn about "violat and charts"
i have to be more careful about when i go in and when i go out ...

thanx guys for the advice ..

hello guys, i had good sleep yesterday (13 hours) damn!!! that's alot

lol

anyway, since i woke up, i've been "carefully" studying what was going on in the past period and a chart (charts) that i posted earlier in the past 3-6 weeks i will post again, proving lots of things, and worries me in other things. i did also mention that i have TOO many charts and patterns (theories) that i really get lost with all of them (proves that i'm not a pro). but today, this one popped out in my head. i need to stick to my own analysis ALL the time, and read others' analysis and charts just to prove my own. lesson learned.

forget about divergences, gann, qqe's, rsi's, trendlines, cci's, and all the other GOOD stuff and analysis the rest have been posting lately. lets just talk about Fibonacci; a "good" scientist and also patterns to make this as simple as possible. i DO use fibonacci retracements just like all of u, and like karmo. HOWEVER, i have been preferring FE's (fibo expansions) more in the past few months.

i present to u 1 daily chart that i DID post earlier, proving that each fall had the SAME EXACT PATTERN; 3 attempts to make highs, then a one "one way ticket" to board my crapper on a DUMP journey. i did also mention and say so many times that GJ tends to set itself for LONG before a major dump. now that the patter is sooooo damn clear, it has to fool us to think the pattern will at last be broken. BULL SHIT



i started "scaling" shorts getting ready for the dump since we were close to 204 since may 14th. but i was too careful (meaning using SL) because i knew this might get higher and higher, and try to fool around with us before it really FALLs.

here are 4 more charts describing an in depth view of the 1-2-3 pattern (not the 1-2-3 pattern u read about in books, i just call it that) before the fall










again, i wrote down (on the charts) what really worries me. and i still do think we have a chance. BUT FE 100 MIGHT be reached at this point since FE 78.6 was breached for the FIRST time since the 1-2-3 pattern started in the first chart in august of 2007. the only think im counting on are FE 88.6 (209.10) and FE 100 (210.53) for now. if the latter is breached with a daily candle, then FE 127.2 (213.93) MIGHT be the target. BUT THAT DOES not cancel out the fall, because i have seen quite often that 127.2 was the final destination of a FE setup.

so be careful those who don't have a large account, and DO NOT over leverage your accounts. what's losing 200-300 pips in a 2000+ pip fall just to say u shorted the top??? (although i did it, loooool)
the BEST thing to do right now, is sticking to AUS's 4h/1h strategy. DO NOT GO AGAINST THEM if your account cannot handle a 400 pip draw down.

good luck and happy trading all.

this one here was also breached, and price still managed to go down.