It's only Wednesday. If I were a dealer accumulating for the move, I wouldn't tip my hand. I would display weakness on the top side and collect up a lot of bear money first. That's why a bounce off 148 or the LTL may be in the cards.

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

patience.... nothing is moving yet. things are going to get pretty wild soon. I have a feeling.

U/J,E/U,G/U Fast Scalper

That's because we're not close to the daily TL yet.... It's up near 167.2 We may break it. But we'll have to see when we get there. I'm becoming more firmly convinced that we are consolidating for the mother of all moves north. That would explain ...

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

catching some sleep. not much to really do except wait for the market to find direction. let's see what Asia session brings.

U/J,E/U,G/U Fast Scalper

MM is everything in trading. I have never blown an account and don't plan on doing that.

U/J,E/U,G/U Fast Scalper

don't know.... but the EURUSD has been great to trade today. I hope he got in on it.

U/J,E/U,G/U Fast Scalper

US core CPI check on top page of Forex Factory. That's why the pairs are jumping up and down right now. url

U/J,E/U,G/U Fast Scalper

yes, I am long GY now.. may close trade before news. but looking to catch some more today.... was slow. I'm waiting for GU to drop some more before I go in.

U/J,E/U,G/U Fast Scalper

is quiet around here.... I have a revised analysis for the cable. I believe it is going to go up. I noticed more traders are getting doubtful that it will rise, and now people are starting to short. They are going to drop it a bit more to ...

U/J,E/U,G/U Fast Scalper

Getting there! Nov. 20th is the point of the triangle. We hopefully will breakout before then.

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

If we don't break key resistance 150GY, 16830GU both pairs should drop. Based on the guppy critical support on GU is 16600 for more downside.

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

off from trading now for a few days once I'm settled in new place will be back. good luck with your trades guys!

U/J,E/U,G/U Fast Scalper

On the GY 149.8 is the equilibrium line. so they have it sitting perfectly to go either way... because we're under the DPP most traders are thinking short. I'm bullish atm, but think we may test 149 again just to get more bears on board before it ...

U/J,E/U,G/U Fast Scalper

Yes, that was right before NY Forex market opened. London positions the market down or up based on where they think market will go when NY opens. They always do that. So, sometimes it's profit taking, other times it is loading up for distribution ...

U/J,E/U,G/U Fast Scalper

waiting for the stock exchange to open. forex opens 1.5 hours earlier, so you get most movement on NY forex session open, then NYSE open, then Frankfurt and London close during NY session. (besides news events) url url

U/J,E/U,G/U Fast Scalper

a good thing to know about pivots is that the R3 and S3 are esoteric levels. Meaning they are outside chance pivot for volatile markets (they were added later to the system). The R2, S2 are the highest probability reversal pivots, and in low ...

U/J,E/U,G/U Fast Scalper

here

U/J,E/U,G/U Fast Scalper

I circled the confirmation signals for entry on the trade. ichimoku - 4H kumo support held trendline analysis 4H Major TL held as support (missed first entry at 150 weighted MA bounce)

U/J,E/U,G/U Fast Scalper

updated TL chart — hitting all the marks like clockwork. red dotted line is 150 linear weighted MA, has been very accurate in this range.

U/J,E/U,G/U Fast Scalper

maybe later for big drop. I think early 2010. Interesting day so far. The cable dropped to 1660 and the dragon 149, nice round numbers. That could provide enough liquidity to knock through GY 151.2 if that's where the market wants to go. GY break ...

U/J,E/U,G/U Fast Scalper