just waiting for the break of the black fork chances are wll have enough momentum to break the blue one afterwards by the way they are range charts not time based in case anyone is wondering why they look different

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

too early id wait for a retracement higher or a decent break lower the break of the black fork will most likely give enough momentum to break the blue one and we go lower in case blue doesnt go we range then we either break lower or the unlikely ...

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

probably a truncated wave 5 or somethin like that where the new wave fail to make a decent new high or even a new high at all. usually a sign of reversal. double top with some sort of divergence is enough to call it game over king talkin earlier ...

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

loool were breaking 146.40 game over

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

i have another source which is quoting 148.50s right now at this time of day its usually the same as closing price on friday but when i see a different price at this time when we still got several hours till open it makes me think that we might see ...

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

was it the adp that shot the market up? i have a feeling this move is gonna retrace back down 148.90s was resistance then became support when we broke higher then price broke under it this morning so if it holds this time then down otherwise 150 and ...

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

very decisive point for geppy this whole area is im gonna watch for the next hour or 2 if we manage to come back under 142.60-70 and stay under for a while then ill be lookin for 140s if we remain high then chances are itl run to 145s and possibly ...

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

145.70s is a strong support we tested it so many times and no break yet its weird how bearish people are if 145.70 is not taken out expect the beast to at least try 149 in the short term and 150+ soon after

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

139.90 is strong could see a nice retracement from here

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

dow still goin up wll see higher before we break further explanation: from experience breaking the low on g/j while dow was retracing from a big rally as well as not being the conditions we use to be in when geppy would fall at any time it felt like ...

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

137.20s 50s then low 138s before we come back down im lookin to sell around 137.50s will add more at 38s

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

big divergence between price and accumulation price rising and accumulation declining big time especially cable usually in such cases i expect a decent drop but who knows

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

finally someone who uses ninjatrader and range bars lol

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

i guess big volume is scalping the market someone is banking on those small swings buyers are comin in strong and the sellers are not giving up without a fight some sort of breakout should be soon i remember once i told someone here on this thread ...

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

yea ur right no way we go down big pips unless we break multiple areas of support and theyr gonna be strong on the downside my target is mid 135s and this is a bit on the over extended side. still far away from any points where serious moves could ...

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

i have a feeling were gonna see a dow meltdown the last hour or so piece of bad news after the other just by lookin at a 1 min geppy chart u can see any rallies is being sold the crap down in my opinion serious sellers waiting for the right moment ...

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

yea same here im biased to teh upside still. price is within my pitchfork and hasnt really broken. i use mainly range bars since time bars in my opinion arent that effective rsi on 1h is around 40 and on the 50 range bars its just under 40 so any ...

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

possible bear trap?

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

well its getting close either we break the descending red fork and go up while staying within the orange upfork or by breaking it (retracing) then goin up ===== either way we go up or we go down to blue fork and bounce from there and continue up or ...

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

classic bull trap a break lower (any fairly significant level u want) and its game over

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