Certainly the 4 hr chart looks horribly similar to when you predicted the retracement on Friday.

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

But Aus - re your retracement - GU looks like it's about to break strongly downwards, don't you think?

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

Oh, no! I'm learning to take notice when you predict a retracement! Are you really sure of that, Aus? No more info re where / when?

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

Sorry.. I don't understand the question. Could you explain? (Welcome back, Aus!)

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

Everyone was praising AUS to the skies when he made them hundreds and hundreds of pips profits with his trades... and when he makes one mistake, suddenly they turn on him. Ungrateful bastards, in my view!

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

I agree - totally!

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

MA730 support (yellow) softening... but still not pulling down and expanding away from MA550 (blue)

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

So what does that Elliot wave graph mean - in conclusion - about your view of future price action?

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

Thanks for that graph - really good! - even I could understand it!

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

I'm predicting 233.98 as a minimum drop for this week - just for the record.

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

Once we break through 236.29, we should accellerate downwards, in my view. The RICS announcement may be enough to trigger that.

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

GU announcement due GMT 23.01 RICS house price balance

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

Here's another.

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

Karmo... yes, for once, I'm going to try to get my take partial profits on the way down at the proper levels. I find it tricky to place these TP levels, because it seems to me that there are quite a lot of different possible TP levels in the 235.00 ...

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

Yes - for shorts, of course! Thanks very much - I've been really impressed by your take profit targets since I joined this thread! Taking profits is almost my weakest point in FX.

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

Karmo, could I ask you - where is your first take profit target?

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

Anyone who thinks GJ is a buy might consider this chart - which in my view, suggests very strongly that it's down, down down - once the yellow MA I showed in a previous chart expands from its neighbour.

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

I just read that someone said on this thread, while I was off-line, that they did not think that AUS had made any correct trades. I find this statement incredible! Although I've only been on this thread for a short while, I have witnessed AUS making ...

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

Here it is. Unfortunately, in order to show it clearly on this site, I can only show a detail of the graph, which doesn't give the overall 'feel' so well. Also, I can see that Paint is distorting angles (and particularly, relative angles of MA's), ...

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

Perhaps only of interest to you, M2B... The strong downward curvature of MA430 (blue), and its expansion away from MA240 (brown), indicates very strong downward pressure on GU - notwithstanding the scary distance of MA120 far above, indicating the ...

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