just kidding... i can't really keep it to myself

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

i have a not so valid point... alright, i'll keep it to myself then. good luck.

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

when there's an impulse going on, like this one, going against the trend is the stupidest thing to do. you might as well just give those money to someone in need...

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

another chart, with more details about the current swing on g-j. so what does this mean? simple - lower timeframes are bullish, and i expect bullish price action until the end of the month. as far as trading decisions, buy all dips until intra-month ...

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

haven't posted a coherent analysis in a while... here it is, as usual from monthly to daily. - multi-year trend is still down. we are below the trend line coming from last year's high, and the area that this line is defining as resistance is 138/139 ...

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

got stopped out last night... and we have a higher high on monthly. alright, well, 138/139 should be next... looks like everyone is buying, oh well, who am i to go against the trend... something else... looks like u-cad was rejected from support, ...

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

probably time for a retracement back to supporting trend line - 132.50/60 area IF resistance (135.30/50 area) will hold.

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

your macd configuration doesn't suggest any retrace in the very near term, so why shorting... long on a dip looks better.

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

not disagreeing with this, however this area is a very important resistance and i expect some horsing around here... before a real breakout either up or down. definitely watch this pair for the next couple of days/weeks, it's decision time for the ...

vsa with Malcolm

u-j, g-u and g-j are all pairs. in forex, there are major pairs and crosses; for instance, u-j and g-u are majors, g-j is a cross = g-u x u-j. indexes, that's another story. about the relation between indexes and pairs: there is really no ...

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

let's take a look at current situation. medium term (intra-month), bias turned bullish as intra-month resistance was broken. we are heading to next resistance at mid 135 (135.20/50). from there, two scenarios - - if that is strong enough, we might ...

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

it's not the banks. if you break your leg and go to the doctor, and the doctor starts doing some whatever stress tests to see if your OTHER leg is healthy and if you can use it... you'll turn out perfectly fine, healthy and ready to go ... with a ...

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

crappy, yes well what did you xpect, big sharks to let it go smoothly up and down so we can take profits easily...

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

yes, looks like a good spot to try some shorts... u-j and g-u bumped again into resistance and now are retesting it - so we may see some retrace to low 132, or ranging again at this level. waiting for a confirmation, as usual. p.s. may go to 135.20 ...

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

current config - break of green line = test of upper purple line. in the meantime - possible retest of lower purple line. don't get sucked in. wait for best opportunity.

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

it's hard to say. if we only consider g-j, current area is clearly the support of the year, so it may go either way. - down, through 131 area, meaning that main trend (yearly) would resume and we should see a lower low for the year, and even a ...

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

g-u at resistance... intra-year resistance, should bounce from here and head down to 1.47 area...

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

off-topic — u-j chart at intra-year support. just saying... might worth looking for long opportunities IF smaller tfs show a bounce from here.

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

support still holding: another test of the purple line... intra-year support... as i was saying yesterday. and again, i need to mention this: IF 131.50 area is broken (and i don't mean by 1 or 100 pips... but significantly broken), then higher ...

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

major trend is bearish, yes, and it will resume sooner or later, but this could take weeks/months. for now, price is above support trend line... and very close to it. since last swing, we didn't see a test of the resistance (139/140 area) so unless ...

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