Res. — Pretty big Resistance around 205.75. will take profits around there and re-evaluate. IN short at 206.44. looking for a pip shower.

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

GJ — GJ is breaking the hourly pivot of 206.50. Looks like a good short to around 206 or maybe lower. Any thoughts?

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

Just got short — M, I just went short at 206.44 as I believe the hourly pivot at 206.50 will give way. Looking to exit at 206, just due to the even number, but I may see if it falls as well. Wish me luck.

GBPJPY scalpers

Yep — Way too far at this point. Time for another Tea Party...

GBPJPY scalpers

Well... — It is either 51% to 49% or 49% to 51%, take your pick. lol I lean more toward the down, as there is no good news on any front to sustain "long" momentum. That makes today a retrace??? This pair is very much in an indecision mode and ...

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

Taxes — Yeah, my only hope for a better tax situation is the Fair Tax, but with Americans being the sheep we are, likely won't see that in my life time. In fact, we move closer to your system everyday. If Obama or Clinton get to be Pres., we ...

GBPJPY scalpers

VTTrader — On VTTrader, there is one IB and the second one that closes in just over an hour looks like it will be the 2nd IB. FYI

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

Question — M, Do you get 50% of her pips or does she get 50% of yours. that is how it is in the US, as I am sure you are aware. Actually, since you are in Canada, I guess the gov't. gets about 80% and you two split the rest... Am I close on ...

GBPJPY scalpers

That sucks — It just seems to still want to go down. This is a test/bounce off of the hourly pivot. Tweezer tops on the 4hr and still just a spinning top on the daily. Much indecision and mostly downward pressure. IMHO The RSI's on the 1hr ...

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

Stops — Maybe just a move to take out some stops before it returns to the 203's. Makes more sense than a move up without any reason or support. Although the US market is rebounding slightly right now.

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

Not excatly — I got in earlier than that on what turned out to be very risky move. I watched it bounce in the channel on the 5 and 15m charts and when the 1 hr chart finally turned over in support of a downward move( the 1200-1300 candle EST), ...

GBPJPY scalpers

I'm still here — I don't want to leave it open over the weekend, so I hope it hurries a little. (nervous laugh) Update: Out at 206.27. That was a long scalp. Good news is I am up 25% for the week on my live acct.

GBPJPY scalpers

Still with ya — I'm still there with ya Scotty. I almost closed out at 206.42, but I still think it will go just a little lower. I do hate this last hour though. Never can tell what the market will do. Could ruin the whole move down...

GBPJPY scalpers

Yes Sir!! — It would be nice. I am afraid it is just gonna pick a spot and stall...

GBPJPY scalpers

me 2 — I am hoping for a re-test of the 205 range. : Would be a nice way to end the week.

GBPJPY scalpers

Curious — How is it that the market can be down so far and there is next to no response from this pair, or the usd-jpy for that matter? Just seems strange. Any thoughts?

GBPJPY scalpers

So — RSI is building, so the next fall can happen. How far will it go? Seems to be off the charts... The us news and the us market have to be neg for this fall to happen, otherwise this side of the triangle can't move that much. The GBP has to ...

GBPJPY scalpers

maybe — There is a bottom here somewhere with a retrace, the question is where? It gets harder and harder to stay short as it sinks lower, IMHO. Big announcements in the London and US session that can sped this fall up or turn it around. ...

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

Thanks — Me Likey!!!

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

Glad to be part — I am enjoying this thread very much. Good analysis, charts and debates. I went short at 209.75 and just closed at 208.50 on a 3 lot. That is plenty for me today. Keep up the good teamwork and everybody can get pips. You, as ...

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