I was an investor for a few years and all I would do is read the news to make sure the sentiment was going in the right direction. I would take it out when I thought there was trouble ahead. That tended to work well as price generally fell ...

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

When they start losing jobs because production has decreased due to failing western economies, demand should fall considerably I think (crude back to $50) - but you are correct, not in the short term. That's just my opinion.

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

I posted my DOW key-reversal point yesterday - around 13,689. I'm not sure of the timing but it may be soon. Time analysis is not a strong point of mine.

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

I'm not sure. I'd say the current energy requirements are due to booming economies. China is highly dependent on the west for their production. If the whole thing blows up, I can see stocks/DOW and crude all taking a big tumble. There will be no ...

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

Yes, crude has exceeded the previous (all-time) high. Chart attached. Where will it end?

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

Yes, I'd say sidelines are a good place unless short scalping. We are at a fairly large resistance level now so it will be interesting to see what happens. Here is an excercise for the newbies. Look at the chart below. You can see that price has ...

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

What prediction is that? My latest one is that by the end of the year, 80% of active FF members will be in the 1kt club unless they change the rules.

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

I can see lots of $$$ there but those £££ look a bit thin! I'm trying to come to grips with this 50ema on my Guppy chart. What timeframes have you found it works best with?

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

You'll have to check my previous posts. I have a few charts posted about 2 or 3 weeks ago that are still in play. Anyway, bed time here. It's late.

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

I'll leave that option open. If the reversal points fail then I'll be in with the bulls.

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

Phew, didn't want to post on that last page. The number looked a bit spookey! Anyway, I am confident both will drop, just be patient. The DOW high should not go much higher than 13,700 and the most natural turning point is 13689. Now let me check ...

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

Wow, now that is a nice thought! My wife nags me to get off this blo*dy thing!

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

It doesn't have to go there. These are just my levels. It could break 227 and then head to 221 instead I have previously said that my target is 238 as long as 227 holds. I'll just play the smaller moves until the larger move is decided. This is ...

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

Yes, I closed my long as we approached that upper trendline. Now it can be tested again. If it breaks, then we are up to retest the 235 area (and then finally 238)

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

Well said! That is the idea although when at that level, you will be confident that more often than not, the result will be favourable.

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

Oh yeah, trade what you see. Hope does not improve your vision. In fact, it will probably distort it so it's an emotion best left out.

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

I have to admit that I didn't get it at first, but I do now. We trade what's given to us and we take what we can. There is no hope involved whatsoever - unless of course you don't know what you are doing. Although, he did mention three things we ...

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

I had it drummed into my head fairly early never to trade on hope.

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

Just got home and I can see a nice up move. I like it when it moves like that (without bounces and taking out stops).

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

DOW is 13,185

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