we actually did bounce off a major support line...we may see a retest but I'm almost 100% sure that gap will be filled and I'm hoping to see 237. I'm aiming for at least 235.60

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

WOOOOOW! yeah that was in 13 min!....well now it's goin up and so is G/J So if Nikkei goes up 500 points how far up will G/J go? 500 pips = P

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

but it has...200 pips! I was hoping for it to fly up with this...but it hasn't

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

OMG!!! Looks like Nikkei is having their own black monday! NIKKEI 225 10/22 - 9:13 image image image 16,264.70 -549.67 hasn't it only been like 1 hr? wow it'd be crazy if this continues

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

right

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

Which is why I'm saying G/U will reach 2.07 first and G/J retrace up until around 237 and from there both collapse...markets are in no position to collapse just yet....but are very close but otherwise yes if G/J goes down so does G/U

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

Kind of but I'm still in until 233.30...gaps aren't always close right away...sometimes it takes the entire day

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

wow my broker opened at 234.38! wow...thats quite a gap... Time for it to close....

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

Yep I'm expecting 237 too and when that happens it'll be perfect....by then G/U would have reached 2.07..u/cad 0.9500... E/U 1.45 etc.... This way we could have the entire market to a complete turnaround! Damn I wish I had more money to trade

Hakuna's pip stash

I'm expecting G/J to retrace and regain some of its downward free fall strength by retracing to 236-237 (I'm hoping for 239) and from there crashing 1000s of pips

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

Actually....you're like dead on with that I know from experience.... I traded way more carefully and much better overall

Now I know why 95% of traders are on losing side

wow....we're at a support line right now... I should've seen this coming a while ago

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

Yeah...had to close the short I just made but it was +20 pips...

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

That last spike up

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

Yep...agreed....I jumped in on a short position when it spiked up...I had to hedge my long from the start of the trading day but it's all good now

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

Only problem is I'm still waiting to enter I need to enter at the perfect time.....

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

WOOOOOOOOOOOOOOOW! What a move....man this is bad...I think we really may have a change in trend goin on here! Next week could show a 1k pip move south!

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

Well we hit 100% retracement from the most recent move up we had.... I'm hoping for a rebound here so I can enter a short safely. Right now any trade is way too dangerous to enter

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

man this G/J volatility is crazy.... my charts look like they're on crack... up...down....up...down... and bollinger bands showing so much space for movement

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

NP...just my 2 pips, but my suggestion based on this would be to stay out of the markets especially when considering going long since the momentum is still very bearish even though G/J is oversold

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