Thats YOUR call, CHARTS will tell you, last thing you want is to trade someone else's opinion, but late for shorts IMVHO, could retest 1.944 so more downside possible

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

Morning all USD index is up slightly at 73.2, top of the channel is 73.9. Dow futures are way down -118 last I checked. Nikkei closed negative, again. Oil is a 133.8 a barrel Gold has been falling all morning, now at 884.5 Cable (lovely pinbar on ...

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

good stuff, my only critique is your down TL is drawn from Oct 07 not July 07, which if you draw and check, the TL was retested 3-4 June. It was also broken in a very similar manner in Nov 07, but the downtrend resumed, big time.

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

£1,000,000,000.

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

I use 3hr not 4 hr TF, point is if this candle can close below previous bernankandle, then 205 is in play, 1% guarantee, free smiley with every put, pay no interest until 2012.

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

A chart for you to ponder through your perceptual prejudices and private inclinations

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

I go with inner/outer T/Ls where inner is drawn along CONGESTION and outer is drawn along highs/lows.

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

Hourly's ready to go too Someone shoot bernanke will they, just shut him up, he could talk the dollar up to new highs if he keeps going like this, then we have a market based on pure BS, if it isn't already. It pi55es me off how Bernanke can create ...

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

market manipulator, bad news sshhh, good news GO $! — Despite a recent spike in the nation's unemployment rate, the danger that the economy has fallen into a "substantial downturn" appears to have waned, Federal Reserve Chairman Ben Bernanke ...

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

News is gay

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

This guy talks too much

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

Correct me if I'm wrong James but they are both valid signals, the first being stronger than the second. For this to be bearish it would need to be at a high in priceaction. Don't take my word for it, dig around this excellent thread, research ...

james16 Chart Thread

Absolutely, I by no means meant trading the channel without price action confirmation. Confluence of signals is what it's all about. Hope to join your group when my forex profits permit

james16 Chart Thread

Ron Paul wants to make the federal reserve federal, which it isn't, not even a reserve, its a private bank.

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

But stocks have volume and forex is decentralised so the data can't be collated, the institutions can strategise and manipulate collectively of course, but in my ignorance Volume is a bit of an unknown, DownRiverTrader has an interesting take on it.

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

Are we at a disadvantage? Lefevre talked about learning to read the tape, it's all in the tape, the way its all in the charts, I've never seen tape, but I study the charts hard. Divergence: 5 min has played out, am hoping the hourly play out will ...

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

The bombe will fall on you and then where will you be? Dead, that's what

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

How does it work without charts? Just a number flashing green up/red down? No way I could trade that....they use charts at the hedge funds I've worked in..and lunches, there's a very good reason financial districts exist!

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

Buy at the bottom of the channel sell at the top

james16 Chart Thread

You'd do that for some green pips???????

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