At least there might be the possibility of a "bounce" boing.

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

IMHO, she looks pretty ridiculous RGITT05's vid the other day showed someone with superior kabbooom liabilities.

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

149.40-50 yesterday seems to have been the key (previous day's high and the retest point for the failed breakout of the daily TL). Malcolm mentioned 149.30 daily pivot, I think. So much for temp. accumulation above 149 last night (looks like ...

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

LOL, GJ's been descending like a bag of wet cement on a gravel road, ie. not too fast and quite a lumpy path. *Waiting for da Kaaaboom..... **May be wishful thinking, but on Elder's "force index", which includes volume, on 15mins charts ...

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

GU gained a ratchet hold < round number 1.6400. UJ looks is teetering but for bulls GU has to regain 6400, I'd think. *Key for bears is if they can get a 15min close < 149.40 (yesterday's high).

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

Addition: I see kind a late that 149.40 was yesterday's high too. A really key level = old high R = new support AND a break of daily TL point. Do or die type of level for bulls and bears.

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

For longs, think break of daily TL retest at circa 149.40-50 needs to hold. A good entry point here IF going long. Otherwise, retest of lows (re that 100 pip spike down candle wick/shadow last night) down to 148.20-50 zone. Disclosure: have no ...

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

ForexLion, thanks for reply. I understand the SR indi erasing issue now. Great work on GBP/USD.

Indian Guru Trading Majors

ForexLion, Do you have any idea why the "SR" (horizontal tema levels) and "Anchor_wk" or "Day_exp" fibo pip level indis erase other indis on the chart? (Or if I try to delete them, they don't erase from the chart). It's not possible to have these ...

Indian Guru Trading Majors

Other way to look at cross trade is as a relative strength trade: IF GU is up (ie. G>U), AND UJ up (ie. U>J), ...THEN you'd better believe GJ is up G>J. Just logic/syllogism: if A>B, and B>C, then A>C of cross trades. *Seems cross trades ...

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

As long as the prices of both legs, UJ and GU, are on the same side of the short-term Gann HiLo activator, GJ will run in that direction (because of the math/accounting of converting the proceeds of the two legs via the USD). ...Prob. ...

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

Yes, agree, IF retest of broken daily TL, it's a great EP for long = lots of support there now.

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

Maybe possible he could get some play down to circa 149.40-50, as daily TL break should be retested at some point A 70 pip trade if he sets a limit order target at latter zone for clean exit and doesn't hope for more (and tight stop above TL could ...

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

Okey dokey, staying in deep cover here.

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

I see the Rgitt05's secret weapon is the OsAMA oscillator, with parameters set to 9/11. Looking for a Tokyo "real" estate Kaaboom. image (He's planning his trades in Kandahar or Quetta).

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

I checked the vid. A fibbbbbb.....bounce here....

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

LOL, IF these are Elliot waves, there have been 5 waves down on the 4hrs, so it's possible the current formation is an A/B/C denouement at end of wave 5 down. image

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

Second daily down TL holding with successful restests of old support = new resistance. Still going down, but some support now....perhaps. image

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

Initial break of daily trendline "tested" well initially.... Then clearly down, with bearish kiss of death at pinbar's retest of prior bullish support (on far right). image

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

Yes, I find metaphors are real handy tools for trading. But the key question is: is Malcolm chasing women or da pips today To quote our current prez: "Yes, we can". And a former one: the answer to the above question "depends on what the ...

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