well, it would be a 700 pip drop. a bit much, but not impossible. and it would form a bearish engulfing daily candle :-) if we go below pivot-point i have pivot targets down: 1: 210.463 2: 208,080 3: 206.518 Okay. up: 214.359 215.966 218.377 but ...

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

bounce from daily pivot. where do we go from here ? To the pivot resistance 3: 206.500

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

I wait for confirmation of a daily candle - pattern. There was a pin (?) on 14.07. but in the middle of the trend, so i think it´s not counting.

james16 Chart Thread

my daily pivot is 212,028. This will be reached easy. But a like to see a bearish engulfing candle at fridays end. and a gap down on monday...

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

I haven´t taken this. It would have been a nice trade, BUT it was against the major trend ! So i step aside.

james16 Chart Thread

we are in a bull market, until we go through the ichimoku cloud, which is 206.50 at the moment. gold has a weekly stochastic crossing upward ! In my opinion very good sign to go down geppy. I´ll re-think situation, if 213,925 would has been broken. ...

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

Just IMHO My SL is 1.5760.

EURUSD

oh, pin from 14.07.08 ! I haven´t notized him/it, because its in the middle of a trend. I put my SL 1.9930, your´s 2,016 ? My target is above 2,046 a home run for the cable at the moment.

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

daily pivot-point: here I come !!

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

and please notice stochachstic crossing upward on weekly, too and massive divergence on daily chart (blue lines). USD is in bad bad condition next days.

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

sorry, I can´t see a daily pin for gbp/usd on my chart, today is a doji. The price break up through a former resistance zone. I draw a fibo-line from 1,9639 to 2.0156, the retracement today was stopped at a fibo level. This is now a profen ...

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

time will tell, let´s both make PIPS

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

not trading gbp/usd at the moment, but here is my ... hm... thinking ..."trading plan" next days, maybe next week. If 1.9950 breaks downside, setup is invalid. just IMHO But I`ll wait for confirmation of this "plan".

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

please read mr. nisons book "Nison , Steve - Japanese Candlestick Charting Techniques" It´s realy worth it. I learn in a few week, most common patterns. (I`am a slow student) Its has been 17XX when candlesticks where born:

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

I go to the monthly, zoomed out maximum and have to admit this might be a bullish gbpjpy tendency over all. But we have to touch the trendline on the downside before :-)

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

this depends on the timeframe you are looking :-) I see 4 bullish month, but you can´t deny the 5 bearish month before :-)

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

please please let this happen 2 or 3 times every week. I´am a bear, and price pushed to my bear-limit, if we break 213,941 my setup is invalid. But i trust in candlesticks, they work for hundreds of years.

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

i´am not sure. gbp/usd bounced as expected 1.9950 and gold is lurking around at 955-resistance. If gold goes up, geppy will go down. eur/usd also bounced 1,5780. lets wait. ohh gbp/usd is under attack again....

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

candlestick-pattern versus gann congratulations for your wins !

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