more like fat crap...

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

what is this — daily chart... big guys playing games.

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

very weird movements... i believe it should continue south unless 131.31 is taken, in which case it will test again 132.40.

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

as i said earlier... KACHING!!!

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

well that's because ny put a close that was broken to the downside, therefore short term bias is bearish with first support @ 130.86 area (london close). there. :nerd:

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

20 lots you say... and he is taking advices from someone else? might as well donate those money to someone who is really in need... like myself .

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

yes but first a little test of supports. how about last london close @ 130.90 area... :nerd:

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

well... think again... and be careful not to get mauled. you wouldn't like someone squeezing your balls, would you ?

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

it's a clear break out of descending channel. until tokyo close tonight, supports are @ 130.78 and last one @ today's low. i suppose 134.30 will be tested sooner or later... but i can't say if we see 130.78 first. anyway, IF we are to stay bearish, ...

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

from my point of view, this is another rally inside main downtrend. upper limit is 134.47 for g-j, and 1.4497 for g-u but these values are valid only until tokyo close tonight. if i see a break there, i will re-evaluate.

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

say hello to 134.30 :nerd:...

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

pound looks interesting. today had the highest tick volume in the last few years... something is cooking here, probably a huge reversal in the near future... but let's see.

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

what curfew?

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

IF... if! — before going hog wild with longs above 132.35 - keep in mind that this should be considered a retracement, and maximum tp is 134.40 area... although safest would be 132.80. doesn't look good... but what do i know, i'm just a noobie ...

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

this is the range for now. a break above = test of 134.79 area; a break below = new low. keep your eyes on the chart.

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

high volatility, safer to stay aside... here is an intra-day perspective. i put on the charts last close levels of major sessions. we have a resistance above @ yesterday ny close, around 132.34 area; and we have a support @ tokyo close today, @ ...

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

it's difficult to explain... i take account of session closing price AND highest or lowest price within the last 24 hourse (since previous close of the same session).

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

so in our case... 131.81 is the lowest of the three main sessions for TODAY. as soon as NY will close, it's a new trading day... so, a lower low = continuation of the downtrend. oh, and something else - if you look at first chart, you will see that ...

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

no elliott. just plain price action. i explained this earlier, but nobody got that... it's about superimposing daily candles with different closing times. here's an example. - first chart shows resistances based on daily highs/close of major ...

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

that's a critical area right here. and it's tricky... big sharks are playing games. the low in place for current NY session was actually 131.07. i mentioned 131.90 earlier, but i said it would become relevant only after NY close... i was actually ...

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