GU's dropping nicely... whenever I get the jitters on GJ, I look at that, and feel a lot more confident.

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

Well, I'm relieved to hear that - thanks.

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

Aus, what is your thinking about a retracement now? Looking at the 4 hour charts is pretty damned alarming!!

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

Well, what you're saying (above - not the collapse of the dollar, cos I see the majors (ex JPY) collapsing against it!) sounds very believable to me, I have to say. In the context of house prices... surely the fact that many Western national ...

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

News on my platform saying that a large Australian hedge fund saying its losses in its Yield Fund may exceed 80%. It says it is 'unable to accurately estimate' its losses at present. Aus - surely this can't be just written off as merely a cyclical ...

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

Does anyone else have an opinion on the economic implications for the world? Maybe I'm being naive... and I appreciate that everything has its cycles (reminds me of 'Being There')... but surely IF a massive drop were to happen, there would be gross ...

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

Thanks, Aus. I was just going to ask you: IF (emphasis) it were to drop absolutely insanely... what do you see as the economic implications?

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

I just want to emphasize I was talking weeklies, there - I don't want anyone blaming me for anything, in the unlikely event that they took any notice of my postings.

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

I just can't see a bottom to this thing, on weeklies!! (This is just my opinion - please no one take any notice of it for trading).

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

My 'yellow MA lines' of yesterday, etc. are now softly negative - i.e., are jsut starting to pull down. I find this very encouraging.

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

I don't know whether others would agree with me or not... but I often find it useful to look at related pairs in a situation like this. I just looked through the EURJPY charts... and found it quite illuminating.

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

MM... if you want to catch up on everyone's thinking, I suggest you read the postings for the last 10 pages or so.

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

I've only just returned myself, mm..... I'm afraid I'm not the right one to ask!

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

I'm removing my GU TPs altogether, just in case anyone's interested.

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

I don't understand why you're quoting my posting... But if that was intentional, I'm afraid I wouldn't know a falling wedge if it hit me on the head!

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

GU approaching possible support level of 1.9908 - though personally, I don't think it'll stop it.

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

Aus, welcome back! I think (silly though it sounds) that GU may be going down to 1.8650! Do you have any thoughts?

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

Interesting, that triple Wednesday thing. I wish it wasn't! It's tricky, that's for sure - but one thing I'm very confident of, and that is the massive downward energy that's there.

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

I've just reviewed all my charts... I just took a bit of profit a little while ago, and the downward energy, it seems to me, is just strong that I'm just going to grin and bear any temporary retracement. The more I look at the charts, the more I'm ...

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

Yes, I'm getting a bit nervous about a retracement of some sort soon, as well.

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