closed my short for 10 pips. woohoo... maybe it's not ready to go just yet.... PA is too slow and volume low, it my linger here a while before it drops. off for a swim. Hopefully London will perk things up a bit.

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

reversal — We've been in a very steep bull channel since Friday on the hourly. Looks like it's not going to hold. Went short at 156.5. 155.15 target.

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

oh, ok. that makes sense. still half asleep, so misunderstood your post. yeah, I agree, wouldn't touch the stock market with a barge pole right now. I take back all the nice things I said. lol

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

I'd buy into the rally up. If they want to go to 170, I'm not going to fight it. But I really admire that you'd sit out the move back up because it goes against your principles. Not many people have such strong conviction in this world. Much ...

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

Good morning! Is kind of early to gauge market direction. Oz went up on low Volume and Nikkei isn't open yet.

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

I didn't know this. does anyone have any happy news??? all this gloom and doom talk is pissing me off. grrrr I'm going to take a thousand pips out of their hides this week for messing things up so completely!

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

I agree with Malcomb that we will probaby test 153 before a move up, (and lower). Raza brought up descending triangles. Descending triangles break to the south 2 out of 3 times, but the break out follows the price trend prior to the formation half ...

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

Since it's the weekend, I'll jump in on this as well. Dewey Dakin also conclude we are at the trough now in the 54 year cycle (2006 approximately) If their cycle analysis is correct we should be heading into the bull trend soon. The boom years ...

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

yep.... btw the stats are 33% of existing home sales are foreclosure driven. this is positive news? the percentage is higher if you fold in short sales.

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

I'm confused. Why are you posting on this thread if you aren't interested in sharing and learning with other traders? (or just having fun at least.) If you just want to sell something, there is a beta commercial thread.

Cable Update (GBPUSD)

What is it with this thread? hahaha Every time I check in something crazy is going on! Last week it was Bob, I've got Turrets and a zillion dollars. Now it's Bambi and 2000 pips...

Cable Update (GBPUSD)

PA is flattening out. closed out my short. watching how 155.1 plays out again before going back in.

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

155.67... off by 3 pips!

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

Keeping an eye on 155.7, possible reversal there.

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

potential bull channel developing on the 15M. If it breaks the UTL of the 4H bear channel (155.5 region), then the daily bull channel LTL may not be breached.

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

Foreclosures themselves are not included, but the bank foreclosure auctions are, so it skews the numbers. And there have been a lot recently.

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

The one concern I have with NY session is the existing home sales wraps in foreclosure sales and can be spun as good news because the numbers will probably be up.

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

the 4H Gann is 155.9 right now.

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

closed my short for 15 pips. waiting to see what happens with 155. I don't like when the PA lingers too long, makes me nervous

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

I opened a short at 154.9... let's see what happens. I thought I was ambitious! straight to 167! hahaha

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