Thanks, my2buoys - nice to get some response other than the normal stony silence! Separately... notwithstanding my embarrassment ast Friday when my supposedly strong resistance from that pattern I described was instantly disproved by late Friday's ...

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

This is the reason we keep on bouncing back up again... we need MA730 (yellow) to curve down... which it will do quite soon.

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

Sorry - the graph's miles too small on this web page. Anyway, the curvature down of MA50 is really unusual, and (to me) says that price simply has to go down, pretty fast, to at least that MA's level (which is currently 233.69).

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

I don't usually put too much faith in weeklies.. but this one appears to virtually guarantee a fast descent to 233.50-ish - but to me also strongly suggests a coming 'free fall' down beneath there.

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

My two cents' worth: down to 235.10 support

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

UJ looks very bearish to me

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

In case you guys are still not getting rates - current are (20>16) GJ: 239.20 GU: 2.0222 (saxobank) (By the way, I believe you can get live prices, in case you still need them, from www. saxobank.com)

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

Thanks, Karmo. So presumably in fib terms, our retracement in GJ so far is a relatively small retracement, is that right?

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

Silly question, I guess - but I'm assuming that the two dotted lines represent the two period(s) of time which form the basis for the two different fib levels, right?

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

A slightly interesting article on carry trades' current situation: url

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

Karmo, thanks for the fibonnacci video link. I'm trying to learn the very basics of fibonacci...one question: when you quote on this thread that we have / will reach X fibonacci level at Y price (and everyone else seems to see that same information ...

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

Yes, you were certainly right about the retracement, Aus - with a vengeance! Anyway, I don't care - I had regretted not having a bigger short in preparation for the coming (as I believe) Big Drop, so shorted at the top of the spike. I shouldn't ...

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

It's just a spike - it will drop all the way back down, and continue down.

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

I feel very embarrassed - so much for my formation. I wish I'd kept my mouth shut! I should have explained that I don't use stop losses, because (as I explain it to myself) I trade on what I think of as the 'forces' fundamentally pushing prices up, ...

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

By the way... I know absolutely zero about how anybody else in the world trades, or the alternative platforms, or the methods you guys discuss - so forgive me if this a stupid question: but why is the right-hand side of your chart empty?

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

Mmmm! To tell the truth, I can't even recognize that as being in any way related to my chart!! If someone tells me how to post a chart, I'll stick it up, and you'll understand. (I don't use candlesticks, by the way).

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

No. I very seldom use, or even look at, the particular set of MA's that I've listed: it's a set that just once in a long while produces a 'significant' shape. If you imagine (or put them on a chart, and look at them) June of last year being the ...

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

No, I'm not. I use Saxobank's platform. By the way, does anyone have any opinion about Saxobank? I've always used them - too lazy to look elsewhere, I guess.

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

Please don't trade on anything I say. I'm just giving an opinion - nothing more.

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

Well, if you tell me how to post a chart, I'll do it. But I really think they need some way that the charts can be expanded, to see them clearly.

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