I tend to agree with you. Especially with this flag that seems to be forming.

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

Dont they say the market climbs a "wall of worry". Funny how they are all talking about OB markets in need of a correction and yet they continue.......until whatever triggers it happens. NFP is a definite possibility. I would think we'd see a high ...

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

I smell a double top with G/Y in the making perhaps?

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

See your PM. SHould get you in the right direction. ... if not get use to meta. Its got more indis available than you can shake a stick at. Really easy.

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

Thnx for the explanation. Ya know I cant help but keep observing the markets each day (S&P, DOw, Nasdq) as they get more and more over bought. A sizable correction is over due and I feel will have a dramatic affect on G/Y when it does. May throw the ...

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

Hey Raza. Ive looked at Fibs, TL's and resistance points. Just wondering where you got to 164.35. Sounds like your also projecting a sizable dip (500 pips) then back up to 166? Am I reading you right? And back on your chart with the expanding wedge ...

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

I know, I know very bullish indeed. My other target to watch was a double top at 162.59. But its looking like G/U has a good ways to go yet and U/J is on a slow climb as well for the time being. Just thinking out loud. That usually gets me in ...

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

Thinking we'll see a small retrace in early Asia tonight, maybe to 159.5 - 159.9 area. Anybody thinking the same?

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

Be cautious with them. Brokers are required to have sufficent amount of capitalization. Many have gone down the tubes because they fell short in that department. I was stuck in FxLiquidity a while back till they were liquidated after more than 8 or ...

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

[quote=azibi;2923904] Yeah I tried FXCM years ago and they are the worse or at least one of them

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

[quote=azibi;2923864] Fortunately some of the brokers in the US (Gain Capital) also have offices in London for example. They offered me to move my trading platform over to the London office. A simple email to confirm and the transfer was seamless on ...

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

Gaps can be filled and then reverse direction again or they can just continue on, in this case down. And what do you feel the significance of this sort of gap means?

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

Funny we both had the same thoughts here. anyway.. But did you mean 158.54 instead of 156.54 158.54 is what my June close indicates

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

With only a short while left in the market for the month, I thought Id post something for discussion, or not. It may speak for itself. Doji and Trend The relevance of a doji depends on the preceding trend or preceding candlesticks. After an advance, ...

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

This is all true but thats not to say I think, that there has to be a pull back in the very overbought markets before much more of a big up move. The traders on the floor are openly talking about it as well and think it really needs to happen soon. ...

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

Scrat/Piters, if you dont mind, what is your assessment of G/Y as we go into August? Thank you

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

lookin like this trend will continue maybe even past next weeks close before any change in direction.

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

London is buying the Pound big time on their end of month close and broke through the resistance. U/J is running the other way. Kinda keeping G/Y in balance. Set up for more upside to G/Y????

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

Warta. Just read your Jefferson quote in your profile. Jefferson was quite a Statesman. And his quotes are as true today as they were then. To bad they dont teach these ideals in the schools today. We'd all be in much better shape. Cheers

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

155 is not in the cards for today unless something totally unexpected happens. We'll be lucky if we're under 158. I agree. The next 90 minutes will tell the tale as London shuts down for the month. And unless there's more action out of NY the rest ...

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