1.0500 — I agree but also think that 1.0500 is a big psychological number as well. I have entry limit at 1.0505 SL at 1.0463 and TP at 1.0595 (just under another "100" level.

USDCAD trend reversal?

61.8 ?? — Are you seeing this based on a 61.8

USDCAD trend reversal?

I still see 242.70 — I see retrace to 30 min 5sma at around 241.65 then on to 242.70. That is the decision point for me... what after 242.70 it will either be bounced off of or blown through.

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

opps — opps... meant 61.8 fib. It is at 188.60

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

UJ — Interesting... I have the UJ sitting on a 81.8 fib from the drop in March 07 to recent. If that resistance becomes support, you may be on to something. Thanks and I will watch...

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

Exam — Hope you studied for your exam and did not watch the ranging market last night (US time)! Also, hope the exam went well.

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

August 2006 — I am confused by this statement. In August 2006 the GY went UP over 1000 pips for the month. Granted in 2005, August was only worth 300 pips, but both years were up in the GY.

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

AUS is busy as well — Looking at "that other site", seems AUS is having his own fight with the BEAST! That might be what is keeping him from this site? url

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

Stock Market Rally — I suppose that the stock market rally at the close pushed us up.

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

Overlapping FIB — I also see an overlapping FIB. If you do the above and also run another one from high 251 to low of 237.58 you will see that the 23.6 fib is at 240.75 and the 61.8 from the above fib set is at 240.85. I have been told and ...

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

Calling AUS!!! — Calling AUS... come in AUS..... You around tonight (US time). Just wondering what your take is on the thread and events of the last few hours.

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

Now what — Now that the chart above has hit the bottom channel wall, what are your thoughts on the next move? Do we need to open and close below the bottom line for another leg down?

Daily GBP/JPY analysis

File — AUS, I sent you a PM yesterday. Can you reply with the file please?

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

243.20 — I have seen several mentions of 243.20 "and beyond".. Numbers in the 245 range have been posted if memory serves. AUS, do you have any indicators targeting 244.70 range as a 50% retrace on the fall from 20 July or are you thinking a ...

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

Fib — Good catch. I had it as the 23.6 Fib from the fall from 7/24. I can see it hitting the 23.6 and then tracking back to the 38.2 at 2.0361 area.

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

SL — Curious where to... I moved mine as well, but I took on a very light position on this one.

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

Whipsaw — Would you say that this is typical news "Whipsaw" action to take out the weak longs? I have seen many times after news, the price come down quick to grab all the tight SL's only to resume it's trend (UP in this case). Thoughts...

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

Long at 241.62 — Long at 241.62 looking for 243 with a SL a good 15 below the 23.6 at 241.12

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

Short ?? — Thanks much Glenn. Do you mean 214.40? I do know that AUS was looking for 242.5 - 244.. area to short in an earlier post.

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

Anyone want to short B4 the Japan open? — Looks like 241.25 area is the 23.6 retrace on the 4 hr. Anyone ready to short if we get there before the Japan open? Would it be better to wait for the open or more direct signals on the shorter time ...

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