humble too higher breach? still not convinced as yet. This morning's movements seems like some big insto is desperate to buy but is being very conservative especially so with the thin liquidity. Malc, you should have more experience with this. ...

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

LOL. perhaps, but i'd still like to see some of the pip god's analysis. Malcolm is the scalp god around here but even he gives out wrong calls now and again.

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

How are you seeing this move up? At the moment i'm not seeing anything that indicates a sustained long

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

short term descending triangle forming EDIT. violated to the upside. hmm

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

its low volume day today, you can be sure they'll be some wicked whipsaw action. Malcolm will prolly think he's gone to heaven seems to be some serious buyers around the 130.20 mark although its rather strange at this point especially when it ...

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

My short 133.36 has TP at 127.50

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

true but on the oandian charts there's a small upspike worth about 15 pips right at the opening before it crapped down

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

If there is one thing that Malcomb and Dr Geppy has taught us here with VSA its that gaps over the weekend usually fill and continue in that opposite direction. I agree, small gap up to trap all the prospective bulls before shoving them down the ...

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

favourite noob reporting here. Well i was right about the shampoo pattern.... it just didn't break the neckline Anyways, got in a short 133.36, hopefully TP 127.50. will hold over weekend. That's another shampoo formation play there, this ...

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

Add 1 more idiot on the list off the top of my head. Analyst Richard (Dick) Bove. This fat lard recommended investors to buy aggressively into financials in June 2008. He also made a call to "Strongly buy" Lehman Bros 1 week before it went bust.

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

shampoo pattern was complete after it touched 130.53. Whether or not it breaks the neckline to the downside is anyone's business.

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

Its going down.... Do i get a "favourite noob" badge now? Do i get to keep it if i'm wrong?

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

Not quite, i made the original call, off the 2min chart, when price was at 130.55 since i saw that as the potential neckline with the right side shoulder yet to develop. Low on that initial neckline push was about 130.48. I had estimated that the ...

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

Shampoo: trader talk for Head and Shoulders formation

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

LOL, saw that potential shampoo forming on the 1 min chart. Don't know if it'll play out though, this movement pre frankfurt is wierd today.

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

I'm gonna go out on a limb here and say bounce from here to 130.80 before down. Who knows, i'm just a noob after all

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

is Malcomb sleeping atm? BTW, we need to call Karmo up with his short stick

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

true, looks almost like a classic requote scenario so the dealers didn't have to absorb all those orders below 131. that last spike was pretty sudden.

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

I'm seeing resistance around 130.75. Top of the shoulderline

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

i have no idea how to read that chart

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