G/J will most likely retrace to 225.XX before returning back to 229 so I'm going to be building up my shorts

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

Give it a few mins.... you'll see the reaction

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

I completely agree! I'm expecting the bounce anywhere from 228.00-228.30 and if G/J manages to break that (which I highly doubt for today) then I'll stay bullish Maybe the news will help G/J to spike up to 228 and from there fall

Daily GBP/JPY analysis

I didn't get in either, but I managed to grab some 100pips when the market opened. It was either sleep or stay up waiting for a good time to enter. I should have just longed at 224 since I knew G/J was gonna do this... oh well

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

I'm with you on it BUT like karmo said... although there are signs of a reversal... there's a good chance G/J may even shoot up another 100+ pips or so instead

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

I'm expecting a drop of at least 100 pips before moving upward towards 228-231

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

Actually.. I think 220 (or 119) is very possible today and especially since this last move happened... so I'm building up shorts for now and moving SL into profit

Daily/Intraday Momentum Analysis

well there is also this... as you can see I've been building up shorts ever since the failed break of that resistance line of the bullish wedge... so looks to me like we'll be seeing 220-119 pretty soon before we see 230+

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

Is it just my chart or was there a 30-40 pip spike up in the past 5min with G/J weird...

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

and it looks like the fall might happen right about now...

Daily/Intraday Momentum Analysis

I'm expecting G/J to touch that and fall back to 220 one more time... possibly hitting 119.XX this time around

Daily/Intraday Momentum Analysis

I think we all enjoyed you being a member of this forum Just curious... what company are you a corp. attorney for?

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

Right.. we need a break to confirm G/J going up, but the bounce off the support line was all I needed and there is a major support lines below that so either this could be it or we might see G/J move lower first. So far I've got 4 entries long(only ...

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

I'll be building up a bunch of longs (each 0.1 lots) as long as it goes down Just in case you guys didn't know... a falling wedge is a very bullish sign so we could expect to go back to the 230s next week or so

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

Time to long G/J just failed to break to the downside of the wedge and bounced off the support line....I'm aiming for 223.50-224 first

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

Aren't US markets gonna be closed though... we're not gonna see much movement after london is closed lol and japan is closed too so I'm not expecting much movement within the next 12 hours or so... just a slight downward movement of no more than 50 ...

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

GJ is still following a nice falling wedge formation so this is what could happen next... -G/J will follow the support line of the wedge for some time -or G/J will rebound to the upside towards 226 and we could see a break of the wedge resistance ...

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

well on continuing this off-topic discussion... check this out... The video is playing on the right side of the page...just wait for the ads to finish

Trading Myths

Yeah I noticed the same thing... and it was followed by an enormous 6000-7000 pip climb up... then went back to the range after falling 6000-7000 pips. Then once again there was a huge movement (the 1992 crash) of 10000pips So what's the point... ...

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

Wow that's like going from $1 to $120! In only 10 days.... every trade must've been on the margin line lol

How I Turned 1k To 100k In A Wk!!!