Well, the fact that this formation (which I described so badly, above - and which I suspect will look very different on you guys' charts than it does on mine) is on a Daily chart means minimum days, and much more likely weeks. It is MA125, as the ...

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

I'm curious: so many of the graphs that are posted up have a black background. Is there a reason for this? It just seems to make it so hard to read, and hard on the eyes, to me.

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

So sorry, Frank! I was talking on the phone as I typed: the signficant MA's are 170 and 125 - I was being absent-minded. It is the shape of those two which sends the message that I just described.

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

Make a daily chart. Add MAs: 50, 80, 125, 170, 500. (The first three are not really relevant in this example). Look at 170 and 500: it may, or may not, mean anything to you, because I'm so used to looking at these things... but that particular shape ...

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

Nobody seems to take any notice when I say anything(!) - but I use a completely different kind of technical system from you guys... sometimes, it shows things which your systems perhaps make less clear - and visa-versa. According to my system, there ...

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

Fed adds 19 billion to bank system!

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

Ah.. thanks.

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

Karm, my broker is saying there's big support at 236.00... but I can't see it. Can you?

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

I know it sounds crazy... but my weekly charts repeatedly show 195.00 as the target.

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

Well, adding that to GU going to below a.9850 at least, it should be a big drop!

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

That was a kind letter, Vishal - and so horribly true (for all of us at some time or other, I'm sure!). But don't you think you'd better quickly suggest a stop loss - if this is a long? I personally don't see much chance of significant rise from ...

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

I can totally see what you mean about oversold, Aus. I mean, taking 4 hours for example, it looks absolutely inevitable that there will imminently be a massive correction upwards . What I find puzzling, though, is that when I look at longer-term ...

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

Is there any way of expanding the graphs that people post on this thread? I can't figure them out at all!

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

Why, Aus? For my two cents worth, this looks like the beginning of the Big Fall.

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

I don't know if anyone's interested... but if you look at MA 170 on a Daily chart (preferably in combination with MA 125), it really does look at though we're about to go right off a cliff.

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

Thanks, Aus.

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

Aus, what is your thinking on cable?

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

Taking 70% of 460 pips' profit — Although I'm taking 70% of the 470 or whatever pips' profit from yesterday (243.80) now, I personally still see large potential further downside (but it may need one thrust upwards first) to 235.00. Anyway, I'm ...

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

I'm surprised those on this thread discuss only GBPJPY - and seem to have no interest in the two pairs that more or less determine its value - i.e., cable and USDJPY.

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

Brilliant buyback position, Karm! I'm still short from 243.80... looking to buy back 70% of it at 138.90 (though I wish I'd followed your bb!). I still think there's a good chance of going down to 235.00 and beyond, personally.

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