This chart should make it more clear (blue oval).

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

Stupid day? Can't you see that it jumped off a support trendline?

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

I'm not too sure about that. Sep has 30 days and Aug has 31, so I wouldn't say they are short. Now, Feb is a short month!

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

Market announcements and news (as written in papers) are two different things. Be alert during announcements but read the news for entertainment! The subprime news is old now.

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

Don't worry about the news so much. It's a lagging indicator. Remember, it's all in the charts!

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

It has been indecisive for the past few days - thin market so I haven't been trading. Today should see a return to normality with some liquidity injection. Also, I believe there is a Gann timepoint reversal either today or tomorrow. Something to ...

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

I'm still favouring an upward break but I'll wait for confirmation. I suppose we'll have to wait until US open or even until after the news.

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

Are you in a trade at the moment aus?

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

I'm still waiting for direction - something has to give soon. I'm still favouring an upward break but I'll be ready for a down move also. So will the channel or the descending trendline be first?

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

OK, but remember that the charts I post are more for the pattern. I cannot be precise on price (and time) so it is a general indication of direction (and reversal areas). Price is sometimes accurate but other times not. To me, that generally works ...

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

Yeah, I saw that projection but I think resistance in the high 238 region will be too strong. There is still a chance it could go to the 242 region but I'm not betting on it. In the end, either scenario should be profitable (assuming good money ...

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

Patience.... is the key Off to bed.... I'll answer lilmoe's response tomorrow.....

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

Show me one chart that's blown up. From memory, every chart (on this thread) has worked out OK - from my trading perspective.

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

Just in case anyone wanted some finer detail. Last chart before bed. The first part of the down move could get a little bumpy (unless we have some panic selling)

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

Surely more people can contribute to this thread? My plan is to enter long on the breakout of the descending trendline (shaded oval). Reverse in the 228 region (228.78 to be exact) but I always give it a little slack. Target will be a bumpy road to ...

This weeks GBP/JPY Analysis & Predictions

As they say, a picture's worth a thousand words.

Daily GBP/JPY analysis

This chart should explain it a little better

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

I'm watching this line at the moment. Waiting for a break (Early London session - shaded oval) to go long up to the 238 region and then reversing for up to 1700 pips (221 region). Also a reverse head and shoulders in the picture - will it work ...

Daily GBP/JPY analysis

I'm watching this line at the moment. Waiting for a break (Early London session - shaded oval) to go long up to the 238 region and then reversing for up to 1700 pips (221 region). Also a reverse head and shoulders in the picture - will it work ...

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

Nah, that was just some Londoner showing off to his friends.

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