When the pattern completes, it signals a reversal. I have put the labels on it now and I trade the final leg (CD). Then look for reversal signs to re-enter in the opposite direction. The reversal on this one is at the 88.6 level (237.63). Also, ...

Daily GBP/JPY analysis

They are called harmonic patterns and rely on fib levels. I don't really use EW either although I might do some basic wave counts at times. I have my stop set to BE + 1 on the 85 entry.

Daily GBP/JPY analysis

Morning Chris According to this pattern, price should reverse at 237.63. Somewhere around there will be my target. Entries are (ask price) 236.45 and 236.85 (green dashed lines). I might keep the 85 entry open for longer with a stop set to be+1.

Daily GBP/JPY analysis

I've got this bearish bat on the 15min. It's all a bit uncertain now with the pending BoE decision. Annoyingly, my target missed by 16 pips yesterday.

Daily GBP/JPY analysis

Well, that's all history now. I was known by another alias there and this one is just a recent introduction. I was one of the banned ones and accused of being him.

Daily GBP/JPY analysis

Yep, still holding longs also. I don't think it will go lower than 236.5 and a bounce off there should get us into the 238 region. But we could just continue up from here. Most of my longs close at 238.00 while one entry will remain in case we reach ...

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

Thanks.... my target missed by 16 pips today so I'm kind of annoyed. Still holding longs though. Is your name Czech?

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

Recommmendation has 1 c and 2 m's

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

There is reasonble support at 236.5. If it prints then I'll say it will bounce off it (upwards).

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

This is what I'm looking at now.

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

Chart is no-where near complete so anything can still happen. Patience....

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

This could go as high as 238.80 but my TP is set to 238.00. This area around 237.5 could cause some problems resistance wise.

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

Yes, I was part of that group. He was the EW guy and had the most popular thread but the admins at Mtec sabotaged it and closed it for reasons that were pretty much a lie. That effectively put the last nail in the coffin for that site. RIP

Daily GBP/JPY analysis

Added to my long. Stop sitting just below so small risk. Same target and off to bed. Just buying the dips

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

I've been long all day (entered at 235.36). I've taken some off higher up and I just want to re-add them here. This is all low risk as profit has been locked in but I will give it a few more mins to see what happens. I have attached a chart with ...

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

Now I'm thinking twice about adding to my long. Hmmm, anyone got a coin?

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

Aha, yes. It is pretty much dead now. The whole site gets as many posts in a month as a good thread here gets in a day. It used to be a good site and more popular than this place until the admins killed it. Did you follow fxsurfer's thread?

Daily GBP/JPY analysis

Hey Wolf. I see you were a regular Mtec visitor. What was your alias there?

Daily GBP/JPY analysis

I see resistance at 236.07 but it doesn't look that strong. What is yours based on?

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

It's in my profile (Click on my name). Please be patient - it is still early days and anything can still happen. I forecast the 3000 pip fall if that's what you are referring to - not on this site but another one.

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