I am seeing 151 66/91 162 55/73 93 28/36

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

Well as I said 14650, WAVE WISE, not taking into consideration r/s, pivots and other indi's of course. I agree with Don that the divergence could have played out although you can't be sure about that, after all am showing daily chart and on a daily ...

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

Btw I scaled down that weekly chart into a daily one. You see the end of wave 3 there, After that a valid ABC correction to the 16300 area what is the end of this 4th wave seen the bearish divergence in the rsi and macd. Looks like we are off to the ...

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

Noadays I am not in EW so much anymore, although it's an intruiging theory,. Back in 1994 I did a 5 days traning course on it, organized by EWI in London. So know a little bit about it.

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

Well usually 4th waves take quiet some time (unlike a 2nd) and they go up and sort of sideways in this case. Also usually it goes up about 38% from the botom of the previous wave. Seen other (fundamental) conditions I would say that we are already ...

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

I think this is more realistic as you have to subdivide immediately..... So inafact we are in the fourth of the sub 5 wave and soon the 5th shud start to......name any fib. but of course far below the bottom of the third. After that has completed we ...

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

The count isnt valid as the 2nd wave in your correctio comes lower as the fifth....

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

Elliott Wave — For the ones that are interested and have the patience to read lol: url Rgds

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

Ah ok now you talk longer timeframe. <<Thought you meant the short term. I mean if the whole world is so terribly bearish why are we at 153.00 instead of below 15200 already? That's what worries me.

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

I am playing with the same idea as you guys...the whole world is bearish. Anyway I ll await the Tokyo session. If it's true about those bank measures in China the stockmarket could collapse. Usd/yen's behaviour should give us a clue. Further I ...

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

The reason is that during August Europe celebrates massively it's summer holidays. People leave office often for 3 to 4 weeks. That's why traditionally August is a very illiquid and think market. Which is logical seeing the afore written. THe last ...

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

I can't agree more lol

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

To get this clear, in your 1st phrase you say it is going down while at the second you say you doubt this. How about the final 1.58/1.59 area before the big down move? Thank you

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

Thats what I did but beware if 75 breaks!

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

Honestly I sold my long at 56 and took a small short.....all the positive stock market news in the far east seems to be discounted by now. Dont expect a collapse but a 40 pips drop is withing the posivillities and help you out of that shitty ...

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

Good chance that we will retrace during this night to the 15590/15600 level. There square up. If lucky we might see the 15560/70 levels again but think, if we see it, it will be in London session. Depending where we are at London opening I do not ...

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

Just give it a few more weeks, we are getting close.....

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

Well until I am proved wrong I do trade my scenario as described earlier!

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

Yup that confirms my thoughts! Good article.

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

Am sure many of you guys remember Queecy's last posts here. One more move up to 158/159 level and down all the way.....143/148 level! I stick to that.

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