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

no strong up trend ... ???

we are all forgetting reality here and forgetting that a 1200 pip move is massive .. and guess what .. it is up...

we got a little spoilt with 1000 pip range lol

wait for Dow and NAS close. If traders close positions maybe we have some retracement to 195/194

I have been doing close and reverse each time it hits 197 .. lol

I like the rush of going short. ....taking 40 pips a tiem

next time it hits 197 I think it breaks out..... seems to be forming ascending triangle 5 min now. it will be a bull trap to lure a few longs in before the weekend close.

I see it as a bullish continuation trend, would be a gap to the upside (very likely)

sounds a little like last week .... they want you to think that

remember how bullish it was then they gapped it down

still holding my long position .

my 200.60 target on the horizon

Bingo

I second you on that target area bro

hope you guyz are making those pips baby...
looks like this sucker did what i expeceted..
well enjoy ur weekend..i remain in the bearish camp.....

Cable going down, USD. JPY going down slightly...well, sure think geppy will follow

Short again on that last trip to 197, out now, will short again if she makes it back there, tight stop of course.

My bias is also still down, especially since she has done such a poor job of at least getting the gap filled .. if she can't make it there, the upside is weak.
Target 178-ish, at some point in time

have a good weekend guys

out with no possitions over the weekend. coz mafia can come up with something stupid on sunday.

Last week scenario was totally the opposite. The atmosphere at the time was very negative (Lehman's news). This week will close with a brighter sky and remember no short sell on equity

looks to close down...
targets?

when's the last trade... isn't it 5pm eastern?

4pm EST for my broker

ok thanks.. i seem to remember mine sceen trading longer. i use gft.. i guess i could look at their website but i'm married to the screen right now lol..

oh baby

......this beast is looking like its not slowing down and could go all the way to 207....baby

i have closed my hedged short position so a loss of 100 pips. i will be looking to close my long at that level now.

enjoy your weekend

I'm not brave enough to hold my long for over the weekend, but i want to...

a brief analysis on the current situation, before i dive into the weekend.
the bias is bearish long term.
monthly and weekly charts show there is more room to go down, most probably to the supporting trend line on monthly - 176/178 area. i would think even lower... but this is for later.
daily chart shows a huge hidden bearish divergence - i marked it with white lines on price and oscillators = continuation pattern, which means down again after some horsing around at this level. also, 5sma weekly (see label) and 38.2 fibo have been reached, which is another sign that this move up (well, a correction) might be close to an end. because the fall has been so violent, i would think 38.2 fibo has most chances to be the highest point of this retrace (however, it may go as high as 50 fibo - around 200 area).
another thing to consider: since this is a correction, i expect it will be complicated. we'll probably see another move down... then up again... then down... up... 185/197 range, really testing our patience.
if US news continues to get worse, then no reason for horsing around - it will go straight down. but i have a hunch it won't be that simple.
don't keep open trades during the weekend. and if you can't see a direction, stay out - you're already a winner.