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

i just need to come out my grave to emphasize that

duh. forgot about that one. good point moe. thanks.

i just manage to close 4 lot with 80 pips just not...and now want to long tp 141..its ok

lil...karmo....pls advice..

Thats why karmo is not inviting us to his private island yet

duno if any of you guys follow USDCAD but that graph looks juuuust beatiful in almost all time frames )

UJ forming a long bottom-of-trend hammer on the 4h, of course my candle has nearly 2 hours to close so anything could happen.

140.70 acting as a good resistance.

I have 140.90 as the .50 of the retracement

so far, YM's plunge protection team lifted it up 250 points from the lows. if we don't close below 7881 and STAY below that, i'm sticking with my analysis on YM.

if however i see that area acting as resistance then we should head lower.

i still believe if oil bounces big from here, we might see things rally again, cable and euro particularly... this is most probably dollar strength, cuz OPEC don't like the current prices... i will also stick to my long on oil and take partial profit when i get the chance for 150 or 200 points.


btw, i went for another short at 140.65 (5m 50ema), and about to take some more partial profit and set the rest at b/e.... if we go down but not near today's low then bounce back up and take out 5m 50ema, then this thing will go back up to 141.30, and if that's taken out we'll see 142.60 again.

but so far, the only TF that seems to be building a bearish HD is 5m, but 15m and higher are already past building one, and their 50emas might not hold. this will lead for a big rally OR a consolidation period/pattern.

remember, 50ema (according to the system i use) has a better chance to hold when there's a hidden divergence. if none is present, then the way is open for price to go straight through. so for bears' sake and for this to go straight down, 5m 50ema has to hold in this particular instance.

having that said, price does what it wants

london boys must be packing.

close enough.

the 139 party didn't last long.

took a small scalp from 140.57. sl@ 141

So did I - where do you expect it to go to?

usdjpy is consolidating on 5min chart now so unless something weird happens and it will break out to the upward side its should go down ( especially given the trend) entered relatively small short and looking to add on the way up or just cash in on the way down :

If it starts going up, we will have triple bottom on 4h.

so , what next , it's crezy,

added sell at 140.50 and a sell limit waiting at 141 if it gets there..

the bear party is not over as long as we stay below 1h gann, put that in mind..

thanks karmo.