I think you may find your TPs are too high, Karm, unless they're just interims.

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

I love the Oscar quotation!

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

Something on my platform's news a few minutes ago: 'Financial companies are dropping heavily due to credit crisis and Hedge Fund losses. Goldman et al fallen about 5%.'

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

]] Thanks, beadtrader. I must say that I am terrified to think that anyone is influenced by anything I say - I just post these things for people's interest.

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

GU ultimate possible destination - just for the record — Just for the record... again - of course, don't trade anything I say - and this is a weekly chart! It's just a long-term prediction, as my two cents' worth only. Moreover, this is not ...

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

Thanks. I fear it may be very costly for you, if you hold it. But it also puzzles me, when you are simultaneously so bearish on GJ. Anyway.. good luck!

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

Sorry - I meant, are you staying long?

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

Karmo, you never answered my query as to why you chose to buy GU - are you staying short? If so, could you tell me why? (just curious).

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

Just for the record - see if I'm right! — The formation that I've pointed to with the red line is one that I've found a very good indicator of eventual targets in Daily - but I've never used it in Weekly. Obviously, in Weekly, it's much less ...

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

I've got a potential temporary support at 233.97 on daily charts

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

Lowering GU 1st TP — I'm lowering my 1st GU TP (spot, from 2.0380) from 1.9860 to 1.9765. However, increasingly, to me, it does look that GU will go a lot, lot lower than that.

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

No, what I meant was - what % of your current total short are you intending to retain after you have met both of those TP's? I assume you will retain some short?

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

Mmmm.... I personally find it very difficult to set the TP levels in a situation like this, when it is so obvious that there is SO MUCH further down to go, overall - in fact, we're only just starting now, in my view. What percentage of your short ...

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

(The post I just put up was in response to your question).

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

I had just had a quick glance back over my past posts ...am in a bit of a rush now, cos I've got to rush to the consulate (I'm in Colombia right now)... but this one, for example. (I actually posted earlier, during the 2nd peak above green, ...

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

I was puzzled to see you went long in GU, Karmo. As I said a couple of weeks ago, that's going to 1.9860 for starters (though I admit a retracement first is possible).

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

Yes... as I said about 10 days ago, three of my charts are all saying 195.00 is (a bit below, in fact) is the ultimate destination.

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

Thanks, Markam! I just think that if people are interested in something someone posts up - I mean anyone's, obviously not particular mine at all - then say should say so! I don't at all mine people saying they think that my approaches, for example, ...

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

In my way of seeing things - which doubtless seems weird or perhaps stupid to you guys, but which serves me pretty well - MA730, which is being slowly forced to turn the corner and bend downwards (representing a major strategic event, which will ...

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

On the 6 hr and longer charts, I completely agree with you, re GJ not rising a hell of a lot from here.... But on some of the shorter-term charts - particularly 4 hr and 1 hr on my system.... well, it does look pretty scary in the short term, in ...

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