I'm taking an enormous risk saying this - especially as Karmo's predictions seem to be virtually infallible! - but I believe we may have not reached the top of the retracement from the 'Big Drop' - and that we will now drop down over in due course ...

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

I should have mentioned that it was this MA that GJ bounced off on the 24th.

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

Thanks, Aus, yes fine. I've been pretty preoccupied with a patent that, my my amazement, I was granted last week with 64 claims in it... so have preferred to deal with that than watching my GJ shorts' losses growing. Nevertheless, I've kept an eye ...

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

I think we will shortly have a big fall in GJ.

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

Well, this massive retracement over the last two weeks - which I totally failed to anticipate the size of, because I did not at that time use Fibonacci (which I have now firmly introduced to my trading, since witnessing Karmo's amazingly impressive ...

My 1 week - 4 week FX trades recommendations

Adding current prices... — I was just thinking that I should have added current prices into the update I just posted, so that it's easier to track the trades. Current prices (more or less where they were when I just posted the Update, above), ...

My 1 week - 4 week FX trades recommendations

Adding current prices... — I was just thinking that I should have added current prices into the update I just posted, so that it's easier to track the trades. Current prices (more or less where they were when I just posted the Update, above), ...

My 1 week - 4 week FX trades recommendations

Update Aug 21 — Update - Aug 21 2007 I'm just continuing to hold all the positions I posted at the beginning of this thread - and this is why I haven't posted anything new. Clearly, all of the trades I recommended have done very well - but I ...

My 1 week - 4 week FX trades recommendations

Quote: `Tipping Point' ``We are at a tipping point,'' said Michael Metcalfe, head of macro strategy at State Street Global Markets. ``Investors that had been short the yen for more than a year and a half have fully squared those positions. The ...

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

UJ is more or less at a major support area now.

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

Although GU's massive support is slowly weakening, I'm taking some GJ profit now. We are a long, long way beneath the downwards forces in GJ.

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

Well, I think you're right..cos it's at the centre of my approach, too.

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

sold a teeny-weenie bit, to recharge the shorts @ 231.03

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

Thanks, Venturess, for the PM.

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

Yes.

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

Sorry - I forgot to state the possibly obvious: yellow blue convergence towards parallel. (Don't forget: parallel could take WEEKS!!)

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

Another of my graphs, I'm afraid... I posted it before, to the normal boring stony response on this thread.. but MA120 has softened a little since... (This is long-term, only, for strategic reference only: any newbies thinking of trading it.. don't ...

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

I hope Aus doesn't mind me just suggesting this to any newbies... I really, really suggest you keep your margins very low in this kind of situation. Don't get too greedy - big moves can have big counter-moves.

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

Congrats, Aus!

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

If you find it interesting, throw in ma80 and 200 for good measure.

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