Anything-But-Treasuries Credit Gaining After AIG Ruin in China. Just posted in Bloomberg

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

well... back to trading for a second. we didn't hit any targets for a pullback on the GY but, on the GU classic reversal point was hit, and since we're correlating, a pullback was in order. (1.6329 support is holding so far) The 151.7X area is the ...

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

I think breaking 146.7 not 146 would signal the wave 4 correction has ended at 162.60. Even so, it would be a shame to wait that long to find out. That's 500 pips south.

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

which pattern? btw, the fib level on your chart is set at 76.8. 76.4 is a valid fibonacci percentage and 78.6 is the square root of 618. either of these can be used for retracement levels. cheers

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

as long as it isn't a cliff hanger! I see something similar, maybe too ambitious though. A bounce up through 153.6. This is where a lot of POs and stops are sitting. so it makes sense to dust the attic, free up some liquidity for the move ...

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

this makes a lot of sense. its the line of least resistance. nice analysis! you know whatever they're going to pull, it will be a brilliant play. Since we finished to the upside on Friday a strong drop would shake things up a bit. ...but the GY can ...

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

Well that's the key isn't it. News move in the direction of price weakness to get the uninformed to buy in. News for the masses is positive, recession over, to get them to buy in. The current trading sentiment is bearish, positioning for a move ...

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

Thanks for pointing that out. 148 area was the LTL point for last week, not 149. I had to redraw my chart today, and was zoomed out. The LTL accidently snapped to the wick bottom of last week's candle. posted the corrected chart. I wish I ...

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

The Parallax View — It was a gourgeous weekend! I hope everyone had fun On the 2 charts I posted, we are at the critcal reversal point for both the bull trend to 167.73 and the current bear trend. A major break of Daily Bear Channel UTL ...

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

easy is good. I like when it's lazy PA in a 30 - 50 pip range. the thing is I start to let some of the waves go because it makes no sense to me. are people really trading this or is it some computer wave form from the bank trading systems leveling ...

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

cheers. I'd be interested to read more about it. will pm you.

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

yes, you do have access. you just need to know what you're looking for. sorry. I don't mean to sound cryptic, or just show up and say, wow, look how great I'm doing. I was responding to a rather condescending post about my inability to grasp what ...

(binned per thread starter's request) Behind Price-Orderflow

lol steady mate! The set up I traded earlier should be the top of the trend if my calculations are correct. ...when we break the daily open and DPP, I'm back in with you. It may not be until NY though... very slow PA.

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

uktrader, thanks for that! I forgot news. closed my short at 151.65 for 105 pips. I never trade news. edit: no spike! lol ! oh well...

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

picture perfect — here's the chart I posted earlier. (with the candles drawn in now) she hit the top of the spike zone, better than expected. went short at 152.7... see what happens from here.

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

ok it's a deal. I don't care what color she is as long as she goes down!

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

lol... I missed all the fun! ok, how about a compromise. we get a spike to the 152.4 area with a candle that has a really long hair, knocks out the short stops in that area and then takes out the longs on the way back down. I go short at the top of ...

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

Yes, price reversal is why it's important, but that's not all you need to know. A foot print is something left behind after a step has been taken. The trigger for taking the trade is what's important. That's what people are searching for and why ...

(binned per thread starter's request) Behind Price-Orderflow

Waiting for Nikkei and SSEC for direction. No rush... Sometimes Asia doesn't move on open. We're too close to the Daily open and DPP to say anything yet. But given the technicals, I would say we're positioned for another move down. We stopped ...

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

Steve, First, thank you! But you really did say too much already! I can understand why people who are on to this took you to task. What's funny is that a multi-billion dollar industry has to rely on this at the core of it's business model, with no ...

(binned per thread starter's request) Behind Price-Orderflow