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

Thought you may have been looking at something like this.

And yes, take note of your comments... it's a difficult market to make longer-term expectations upon.

its only a simple inverted crown/H&S --- im not gonna jump in before we meet 1.3050 -it might fail - lol --1.3050 looks ok with a reasonable stop and nice R/R -even for only 13860 if 1.4 is to far--

in this chart ---look there is a smaller crown -where the right tip and left tip is right where it is now-so we can easily break out 2morrow or so-but i wait for 13050 -

weekly bulls engulf add alot of weight for bulls here

this one is better - if bulls is in play--- i dont have a bear view yet - will work on that if i get stopped out - but for now ,im 100% bull upto where ever 138 to 144

i am with you for 3050 area... however for higher prices we may have to see what happens there it could continue to drop like a stone through 2860 and get to mid 1.23 in no time.

yes,, i keep this TL on -- as soon as we break it - im gonna go for shorts - and also @ 14350/14450 --- i see parity from way back --

this top that looks like a flag --i dont think it is one- my own name= (zigzag top) -- when we have a bullflag ,then momentum is clesrly bullish and its visbible in the bull candles, but this is not the case - the momentum is def in the bear candles - i guess one more up to 143/144 if that high - then bang str8 down below 1.2 --parity

this view that tells me -- GJ upto 139 then drop like stones below 125--but it a long road - no point to talk of that yet -

lets see how we develop this monthly top

GJ stuck between 131.70 ~ 131.00 area. However daily candlestick show bearish. We might see real move during London Open or NY open.

CPI data this evening will clear this beast direction.If this data above 3% i think gbp will raise interest rate to cope inflation.Probably in march or april.Then gbp will go bullish....

http://cdn.forexfactory.com/attachme...1&d=1295172291

now the bears journey start or another bulls try to 133.15
I did scalp my HL awesome

updated blog for today but to be honest analysis for last week still valid..

Happy Pippin baby

Daily

Where will it close today ??? above or below ???

Close above then shorts be careful of the long term trend .

It has a been a while since it has closed above.

Same chart with different zoom.

am looking to that area too..to add in my longggs

Hey guys,

I have been a little less active on the trading side because of my fund starting up. But I'm going to post a strategy, opensource for MT4, you could also manually trade the idea. It's all on our site.

the GBP/JPY strategy in particular will be up next week, I got the idea for it off this forum actually, and I had somebody code it up for me, so now it's time to share.

www.opensourcewallstreet.com

Let me know what you think,

eur/usd ---the longer we stay at these current levels -the higher the chance we will drop like stones -- my bullish view is slowly starting to fade away -- i know where to buy for a rally,but got no idea where to sell "if " we drop below 1.29 --

back in ranging ?

i pull this ausie chart to add in the short list -and watch if this pattern will play out

GJ he got me --- i mention to condar about the H&S on GU -- wht if he play's out and drop below 1.5 ? where is the GJ going ? def not only to 129 ? --ye much lower --bladdy huge H&S on daily ( clear as daylight ) normally i would go for shorts right now on GU -but i just cant do it (looks promising)

a week where i will miss all of them- but its ok,not really in the mood either to trade this week - i only hold eur/aud long,but he just go nowwhere --

oh and pending gbp/chf @ 1.5502 -but thats about it --

lots of USD pairs is busy with daily reversal patterns--- USD-->strenghen aud/usd,usd/chf and GU --

dont these 2 charts add up with each other ?

GU = H&S
GJ decsending wedge

im in think tank

it took me only 5 min --im short right now with only GJ -stop 133.15 -- see if we can break 125 --my charts say that-have to go with it

If eu break 1.3499 resistance then 1.3585(FE 61.8) is next target...as long 1.3243 support hold.

http://screencast.com/t/khmhhlizoT4l

Gj reach upper triangle im waiting daliy close to decide...break or bounce?

http://screencast.com/t/IMsKWqmk

if 1.3465 holds.. we can go to 1.3208... 1.3188..I like this scenario better..

There is also a chance to 1.3517..but it all depends on break of the last high....

If below 1.3394 then definately 1.3188..

hey!..if we start stallling now ,and 133 hold from prev high- then 129 wont stop it --yes a bounce def expected, but then down we go even more.

i mention a million times about 123.80 --- say we have a bounce @ 129 ,then we prob have a AB from the high of right now--look where sit the 261.8 FE of current move-- A high @ 132.50 -B low @ 129 -- C wave put us right @ 261.8 FE @ 123.80 --- interresting--

in REVERSALS -- we need def a weekly bullish candle that ouplay the prev weeks by far -- ATM it was only a steady 3 week bullish move just like all the prev candles-nothing exotic that show's a real bottom--

thats only my opinion

i went with shorts with stops just above the high of 132.50 -- if i get stopped out--then YES 129.30 SHOULD BE THE BEST PLACE OF BULLS

im short out of boredness,but here is alot of pips in the downside - to 126.50 is 500 and to 124 is 750 - why not ?

BTW looks like i miss gbp/chf ,but aint not gonna jump in--i still wait for 1.5502 --- its 1.5502 or miss - if 1.5502 is test-bladdy nice shorts for atleast 400 pips - (conservative)

and this is wht i also see ATM -- from the first move ABC -- C was @ 127.2 FE---- the 2nd ABC ---C was at 161.8 - and now we are busy with the 3rd ABC move ---with possible C @ 261.8 FE

chart explain it

( its only voodoo speculation)