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

1. Holy Crack....gap
2. went up and hit R1 neatly

covered for 20 euro
covered for 70 geppy gnight folks

geese we see totally different. esignal-initial 13 pip gap or so was closed within first 15 min of trade today

we failed to close below 4h Gann, which indicates that we should go to9 retest the hights first, to meet sellers !!

....and on OANDA there is no gap at all....

Just added to shorts at 139.05

Ok, firstly, let me apologize in advance for the length of this post as I feel it may get long. I know I don't have any of those voucher things and not that many posts, but I generally do know what I'm talking about and feel I have some good input here...

Saturday morning I woke early and was bored so decided to pour over some charts. I found an extremely sexy looking bearish Wolfe Wave on the GBP/JPY four hour charts that I don't think anyone else has mentioned yet. Take a look at her:

Now, if you're familiar with the WW you know that the point #5 often times overshoots the trend line of points 1 and 3 showing a false breakout. This is just the case here in GBP/JPY. It seems to be an ideal setup. You would also know that the trend line intersecting points 1 and 4 indicates the final target profit, which means if we dropped straight down from here, we could expect the mid 121.00 range... so we're most likely looking at even lower than that.

Of course, we all know the heavy resistance in the 135.00 zone so I'll be looking at that as my first profit target. Then, I may either ride a bit of a long for some quick retrace and then build the short positions again for a break of that support zone and target in the 120s.

This seems like a great plan for this week, especially if the UK lowers interest rates. We could see this thing really run!

i am glad someone saw the sarcasm of that post...lol

if you say "price gap" then it relates to forex and is understandable, but ..... oh well

yeah it was a great post even with the hidden sarcasm

all this talk of a gap, im going to find the woman

I am not a big fan of Wolfe Wave but you have a well explain setup..

WW has contradicting targets on each TF.

per your advise I have shorted at 139.10, tp 135.2, sl at 140.10
will it achieve??

oanda never has any gap.

i know oanda never has a gap, it was supposed to be a joke...

oh, sorry a PRICE gap...i dont want forexlion to get all flustered again...

lol

any thoughts on geppy?

i HAVE some thoughts on geppy....but FF would ban me fore life if i posted them here....lol