i favour this descending wedge from the beginning ,so be cautiuos of any sells at 143/144 level..im favouring all the way to 148. remmeber GBP is more oversold than it has been since oct 2008.

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

oh.. a inverted H&S on 1 hour WARNING!! ----> USD bear trend will continue shortly for 2010!! watch for any signs of a weekly spike low on eur/usd ,other USD currencies

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

ai..lets eee,,i wont miss the eur and gbp bulltrend .hope it will start soon. i might sit out of gbp/jpy shorts until we get the ABC correction to 190 somewhere..will looking for longs later on for the correction to 170 and 190..still" ...

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

nothing,, was a long time in eur/usd short from 1.5 upto 1.37.. smell a reversal for dollar continuation weakness for rest of 2010 ..still a early sign if i look at futures volumes,,we are not far from the bottom.. supp at 1.3450,,but we will see ...

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

im still smell a dramatic reversal on eur/usd..and it STINK!!

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

i dont like to guess .. i rather be sure..you are more an aggresive trader..i was short at 150 level,but dont know what in my mind went wrong to exit at 144 somewhere..and i never touch it until now,,im still on the sideline and wait and be patient ...

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

press the sell buttom,stop above 148,and you will be fine

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

another example So what happens to all of those orders when what should have happened after a break out did not happen? Answer: They dont go anywhere. They stay right there for hours, days, weeks and even months, waiting for the level to be tested ...

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

clouds,, When we have a breakout of the resistance level the price will initially accelarate away from it very quickly. It should then make a parabola type u-turn and retest the resistance level which now acts as support. Which ever time frame you ...

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

i dont have to think if it break or not,, i must see a clear break?? here is my chart..can you see a clear break ..PA is away from support level?

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

keep an eye on of this sort of signals..ITS DEADLY!!

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

no its not ,,its a clear break,,PA moved away from supp level... the orders from billions are still at that level of 127/128 the ress level...nobody moved or close there pending orders,, it will stay there for weeks/months and wait for PA to TOUCH ...

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

HERE IS A GOOD EXAMPLE.. here is a little secret for the future,,NEVER chase PA on any breaks of supp or ress... WAIT for a clear break and PA move away from supp or ress and place your orders at supp or ress level ...

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

no supp is broke ..or do you work on a candle close below a supp level,and say its broke ?? Let me post some charts what we mean of clear breaks of supp and ress levels..

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

i dont see ress at 139.50 for any short sign... i see ress at 143 ..i see plenty long signals.. i dont see a supp is broke to think of any sell ignals.. my charts say long,if you are a scalper ,or wait for sell higher sell levels..

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

i smell a bottom in eur/usd is very close,and a dramatic reversal..ill be waiting in my cammo at 1.3450 and attack it from there ..

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

MATAF.. they will be more prfitable trading fruits and vegs on street ,than in the forex market..

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

ooooops it was a false break !! how can that be ,it was a close below 139 ..

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

wich clown gave you that sell signals ?? you must be a subscriber somewhere ?

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

warning ---- false alert!!

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