very nice bro. . . However, I think yr 4 is to high and your 5 is too short (B wave) for EW structure but that's just my on opinion. . . PK is the EW guru!

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

I learned from you . . . .

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

pip god?

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

Congrats to all shorts it was a nice ride dn. . . Here is what I see next. . . We have retraced 61.8% almost to the pip from 163. . . If this is to go lower we could retrace/consolidate some before heading much lower. Don't think we will go down in ...

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

We had that discussion earlier. . .

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

Could be a nice entry if we make it back up there which looks doubtful. . .

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

Congrats to all shorts - that's why we sell rallies instead of trying longs at these levels. . . Hope all are enjoying these pips!

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

A solid daily close below monthly S1 @ 139.10 opens the door for a decline to the next monthly support S2 @ 134.60. . . Of course there will be a few pit-sops between 136.50, 135.70 and and next 134.60. . . Happy piping. . .

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

Here is a naked daily chart and a 1hr chart that speaks for itself. Now ask yourself why am I going long at these levels. . . A good 4hr close above 139.60 with a reversal candle heading north would at least be a less risker ...

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

Price can't even reach DPP and has not closed above DPP since last week. DPP now resides at 139.84 area - price can't even get an hourly close above 139.50 for the last 24 hours. . . Good luck. . . if the news couldn't spike it up u may be waiting ...

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

The play is sell the rallies - long'n at these levels are quite dangerous but to each his/her own. . . The daily chart speaks volume as I pointed out on Sunday before the market opened and it has plenty of room to move south. . . Wouldn't be looking ...

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

Actually the daily swing is 138.02 - 139.84 - 140.95 so it could go either way. But I believe that 4hr hour divergence will play whether it's a spike or whatever. . .

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

If one was going to enter short the DPP with a spike up to 140.40/50 area would be a nice sort for 250-500 pips lower. . . IMO. . . should see a move up into ol' Ben's speak today. . . Depending on his retoric will dictate the direction of "geppy". ...

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

Congrats to shorts if you were short - I think my targets lower still stands. . .

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

The indi is just a gage nothing more nothing less. . . I use it just to determine what the market is thinking meaning. . . If i see price steadily heading up and the indi is steadily diverging that tells me a story and vice versa. . . Anyway, I ...

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

U don't wanna know what I see on the monthly I won't speak of it hear. . . But here is a daily chart that suggest we are headed lower. . . There are some major support that's need at least a solid daily close below them before we can say we are in a ...

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

I have a daily chart that speaks volume. . . gimme a sec. . . This is the chart I will be working from for 6 months at least!

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

PB I definitely agree with that - I think we will take a short turn downtown toward a min 135.70/60 - 130 area then turn from there to reach 180 or greater. . . Target for up move starting Q4 2010 = 155-165 by end of Q4 then down to 152-153 then ...

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