inverse head and shoulders forming right shoulder now on daily chart? Go figure. retrace is due.

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

place a few sell orders to add to your positions on the way down at strategic points when it finally happens. 15 min eur/usd and gbp/usd showing flag formations and wide spread on the upcrossed Macd. Be careful with lot sizes until confirmation.

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

Good call... Same with gbp/jpy. a premature position will go negative.

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

Markum, Is that the Dollar index? Holy Sh....t!

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

This is a time when newbies lose a lot of money. Quit chasing the market. Stand aside until you get confirmation, noobs! This thing has to complete the right shoulder of that weekly H&S formation. It could take a while yet before the big move gets ...

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

like I said before, that was a stop hunt....

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

241.50/65 area has a lot of buy orders sitting above it somewhere, most likely from traders looking for breakout upwards. Then there are take profit limits from current open longs. And sell orders of thos traders expecting a bounce there. It will be ...

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

they are going to take it up until they hit the sell orders...

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

i just bought that dip with a micro lot. Now the big boys will test the stops to the upside. Watch and see....

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

The big boys are stop hunting before the big move. Be careful. They want to find out where the stops are....

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

There is nuthin' like a usd dollar bull run..... Remember when it hit 124 and 116? Dollar's gonna kick some serious butt if the dow crashes. Safe havens are where to begin loading positions now. Are you locked and loaded for a war?

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

upside target for this head and shoulder pattern cound be 241.60 area and downside targets are 236.42, then 234.94, then 224.08, then previous swing low around 220.62 area. time to load up your positions soon.

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

excellent observation....

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

head and shoulders — the right shoulder of a head and shouders formation is forming now on the weekly chart.

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

What do the Emas tell us? — This is the weekly chart for gbp/jpy. 1. All of the larger moving averages are below the price because of the long uptrend we just experienced from 219 area, after falling quickly from the 251 area. Uptrends last a ...

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

I agree. It is a lagging indicator, but it is a good exit point from that previous downmove, and signals consolidation before another downmove. It has to test the upside to build momentum in order to break tough resistance/support.

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

There is a lot more, but I won't hyjack this excellent thread. It already has enough grounded instruction without me adding my 2 cents, unless I see something significant that might help.

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

it took me 3 years of watching price actions and their relation to moving averages/emas. If you google them, you will find everything you need. Best way is to put them on your chart and watch 'em. Ask yourself these questions: 1. which direction are ...

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

My weekly macd just switched to bullish divergence. But the 5c 10c and 14c momentums show bearishness. RSI barely above 50 and flat. CCI is under the 100 overbought level. I prefer to play the 200 or -200 for extremely overbought/oversold conditions ...

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

Is the last 3 candles formation considered a pin bar?

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