lol. look @ the weekly, then draw the tl.

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

wow, look @ the size of the gap.

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

thanks.

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

malcolmb, what's a T30 line? would you care to explain? appreciate it in advance.

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

that's why you don't see it. think they open @ 5:00 PM est?

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

depending on which broker you use. oanda opens earlier than the mt4, allowing trade, but have to eat up 20+ pips spread.

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

i'm not sure if that will happen any time soon though.

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

i agree with you and understand what you are saying. and yes, i see the bull power. all i'm saying is that i am staying away from gj until it is right time for me to go short again since i've missed this train already. if the short set up doesn't ...

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

we will have to see about that. if any of those levels, mentioned in earlier post, do not hold and breaks the weekly tl then i'll switch my mind about short. until then, shorts are still in the play. IMHO.

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

oanda is open

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

here are the potential entry points i had in mind. i would look for pa to confirm or use any of the indicator to go short when we get there.

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

seems like we are going to fill the gap @ 197.5 area. what do you think it's going to do after it fills the gap? we have another gap to fill down to 189 area, don't you think so?

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

saw it, took the profit, and will re-enter shorts after it tops out.

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

for those who missed the short train from the top, this might be the good place to hop on. But, wait for the rally. if it doesn't happen then let it go. there will be another opportunity.

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

moe, it's amazing how that 78.6% fibo lines up with the gap.

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

Thanks malcolmb.

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

wow. thanks moe, i didn't know about the 127.2% fibo ext.

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

thanks for the info bro. trying out myself. it rocks.

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

it was just a thought guys.

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