A retrace would start from 0 moving up to 100%. That way you know the percentage the price has pulled back. If price pulls back 38.2 % but it reads 61.8% on your fibo, that doesn't make sense.

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

My 61.8% is 15420, but prior support at 1.5350 is a more realistic target for resistance test.

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

We won't go to 128 in a straight line. After we accumulate, then we distribute, rinse, repeat. GY likes 50%, GU likes 61.8%, but nothing's written in stone. In this kind of market, we could easily build liquidity in a consolidation without a large ...

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

Trade what you feel comfortable with. everyone has different approach, so no one else can say what's right for you. Anyway... NFP Friday + Greece meeting w/ Germany. If they cut a deal on the bailout, bears will be all over the Sterling. In the ...

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

Greece, Gold and Financial Terrorism - Freedomain Radio Interviews Max Keiser video

The video store

closed last short at 61.8% 135.7 target. could retrace from here. been scalping this 15 hours since Asia session so need to give it a rest lol. nice pips. .. all the best w/ your trades everyone!

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

A solid close on the 15M above the TL could signal a potential retrace. (but with caution because it's near the 23.6% fib) We could just bounce back down from here, has been the dominant line for the move today.

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

May take a bit to get to 115 ...I'm looking at near targets at this point, but I like what you're seeing. King will probably muddle through today, but there's still a 50/50 chance he'll let something slip that spooks the markets. ... then ...

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

That was the Asia session after lunch lull. Things should start to pick up again now. I'd be surprised if we don't get some kind of pullback soon, but we really don't have much support under us, so it could head south again fast. opps there it ...

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

It could get ugly when King speaks... lol If so, 135.6 may be in the cards. If it gets really ugly, 134. It doesn't feel like we've hit any kind of supply yet. We may get a small bounce around 137.3

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

Wednesday looks good to me too! Just need to break 138 and let gravity take care of the rest... lol

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

Financial prediction is the easiest game to play. As the gurus say, "If you can't predict well, predict often, and focus on the one's you get right." The gurus rely on people having the tendency not to remember the bad calls, not doing the proper ...

Cable Update (GBPUSD)

url url Marketclocks top menu is kind of screwed up, so click the map on the left for trading region. Lists all markets except Forex. Bottom link is Forex.

Cable Update (GBPUSD)

If you're going to copy and paste information from another website, please cite the source. cheers url

Cable Update (GBPUSD)

So far 139.4 is holding as major resistance. A close below that area would signify we have finished the correction and the move down will continue. For the moment we're testing prior resistance as support in the 140.7 area. If we bounce off of it we ...

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

Are you pointing out that we broke major support or something else? The broken TL is why many traders are anticipating a potential retest as resistance, 144-144.5 area before we drop.

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

current charts — waiting for a breakout of (white) TLs we're boxed between on 4H. will give indication of direction. Near targets - Upside 1380/1386. Downside (if we break below 1358), 1344/1336. ...a bit more patience.

EURUSD

lol.... nice. finished for the day. have a great weekend!

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

lol... that's how we roll! so much for NFP. Longs be careful.

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

I've always thought of myself more as a cookie monster trader Some people may be good at herding black pigs on a foggy night, I just don't happen to be one of them. so I don't predict the future, gamble on news, or pick tops and bottoms. ...it ...

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