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

Quoting malcolmb14
The way the market has been going anyone would have thought recession is over.

I think this is a game that the market makers play and that the next leg down of the markets is going to be extreme.
Thank you Malcomb.
Like i said before you are a very good observer.
I just got back and saw the WFC "profits". i guess with the change in rules (mark to market) the can hide any write downs.
Anyway thanks again.
Rule No.1: Never lose money. Rule No.2: Market is always right !
Quoting Petefaders
I agree Malcolmb. Here is an old post of mine from Feb. 8th when GJ was at 136.23. It explains this move up, and why we may see new lows. This is based on symetry of price% vs fibb%....

My Feb. 8th post:
Notice that the 2nd large move down is double the percentage of the first move down in overall price % change.
Notice 1st major retrace is 12%, .382 fib

GET THIS: If 2nd large move down is double the percentage of the first..
what...

nice pete
Blogging daily now at www.volume.zone
I'm seeing classic bearish divergence and hidden bearish divergence on the daily and weekly charts of the pound, dollar yen, geppy, the Dow, and euro yen. This whole bull move reeks. It's gotta only be a matter of time before the bears strike back. But at the same time, I'd be careful going short the fraudexes at this present time. Should be interesting moves either way. Trade safe.
"Don't trade to trade . . . trade to win." - James16
Quoting malcolmb14
with most of the world on vacation there can be many games played in the low liquidity times. If one is a day trader better wait till US comes back online Monday . US stock markets are open Monday , although liekly volume will be low

Tuesday markets should be back to normal
Thanks a lot malcolmb14...i belive in ur analysis for short and long term
Really u r a great analysist
Quoting bashir
Thanks a lot malcolmb14...i belive in ur analysis for short and long term
Really u r a great analysist

thanks .. mainly a bunch of guess work...
Blogging daily now at www.volume.zone
GBP JPY opne price is 146.85
for now its 146.65..because GBP going down...1.4626
the blood gonna spill over today
"Millionaires don't use astrology, billionaires do"
Quoting malcolmb14
thanks .. mainly a bunch of guess work...
Malcomb, does the 200 MA getting closer on GY price around 153 carry any significance for you?
Regards,
Quoting bashir
for now its 146.65..because GBP going down...1.4626
Wondering where did u get that quote? Thanks bro.
Quoting mktjong
Wondering where did u get that quote? Thanks bro.
From FxPro MetaTrader
the high 146.91
the low 146.5
Quoting Estero
Malcomb, does the 200 MA getting closer on GY price around 153 carry any significance for you?
Regards,

200 is a strong one ....
Blogging daily now at www.volume.zone
Quoting mktjong
Wondering where did u get that quote? Thanks bro.

I think any gaps are anything are insignificant ...so far gj has jumped 147.30 to 146.50 before real volume gets going

the liquidity is so thin right now that these prices do not really count. nzd and aussie on vacation today. I would not expect any serious movements till tokyo and hang seng come on line in 3 hours and 4 hours
Blogging daily now at www.volume.zone
Quoting malcolmb14
I think any gaps are anything are insignificant ...so far gj has jumped 147.30 to 146.50 before real volume gets going

the liquidity is so thin right now that these prices do not really count. nzd and aussie on vacation today. I would not expect any serious movements till tokyo and hang seng come on line in 3 hours and 4 hours
Cool .. http://www.forexfactory.com/images/icons/icon14.gif
Quoting malcolmb14
I think any gaps are anything are insignificant ...so far gj has jumped 147.30 to 146.50 before real volume gets going

the liquidity is so thin right now that these prices do not really count. nzd and aussie on vacation today. I would not expect any serious movements till tokyo and hang seng come on line in 3 hours and 4 hours
It passing through resistance like through cheese...with such low volume
The Market pays you to be disciplined
8h demand seems evident, but it will fail for a quick moment
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"Millionaires don't use astrology, billionaires do"
Quoting OrionsWay
8h demand seems evident, but it will fail for a quick moment
It opened below daily pivot and 1H 50 ema. Heard the news today saying the stocks is set to open lower next week.. let's see
Quoting mktjong
It opened below daily pivot and 1H 50 ema. Heard the news today saying the stocks is set to open lower next week.. let's see

where did you hear that then ?
Blogging daily now at www.volume.zone
Quoting malcolmb14
where did you hear that then ?
I believe it's bloomberg.com
Quoting mktjong
It opened below daily pivot and 1H 50 ema. Heard the news today saying the stocks is set to open lower next week.. let's see

I suspect we will be testing taht lower black ascending angle in the chart as i have stated for about 1 week or so now
Or she will have to find some serious legs moving north to overcome above supply area's

i favour the decline first to find some new demand, and kill off the late longs
"Millionaires don't use astrology, billionaires do"
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