Thanks arezab!!! I enjoyed your POV as well.. This board is what keeps my interest sharing my charts.. I enjoyed sharing my POV of the charts.. I rented that car on the weekend last year March '08 when I made a killing on a swing trade over 3,500 ...

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

You are right about HD on the 1hr chart...I got lazy looking at the higher TF... Good Call.. I have a hedge position so I am not losing atm.... It looks like the 137 range will hold for now...

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

My 15TF GJ chart — So far the PA is holding under the Red TL, and the S3 (135.60-80) looks like the next level to test before retracing.. IMHO..

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

The markets await the December US employment report this morning at 830am ET to make their move. The consensus has shifted to -525K, from -500K earlier in the week, mainly on the disastrous ADP report which came in at -693K for the month. Our ...

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

4hr GU

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

More hype.... US investment house and US Senators agree on plan to help homeowners... to be announced at 3:15pm ET

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

US 10 year auction sees good demand with a 2.59 bid/cover ratio; yield is 2.419%; 73% alloted at the high; 17.1 % to foreign bidders suggests solid foreign participation

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

Still riding in the 1hr tunnel — I have my 78.6% fib around 143.50 zone for TP on the Hourly chart. Here is my setup scenario if the friday NFP comes out positive or negative on my 4hr chart.. There is a wedge at the moment on the 4hr ...

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

Everyone on pins and needles waiting for Pres.-elect Obama's speech on the fiscal stimulus package.

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

GU is holding the H & S formation at the moment — The 4hr GU chart is holding near the 1.54 area also the UTL.. I believe the GU will drop and the UJ will recover to get GJ up past the 141 area.. IMHO..

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

I am buying on the dips for the GJ — The Daily TL is still holding and the fundamentals are positive today.. First obstacle on the daily chart is the 50 ema at the 143.60 and than the 148-150 zone area that was support before it a Resistance ...

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

According to my daily UJ chart, it may bounce off the Gann-hilo and Red TL and reverse since we have good data from NFP.. Pullback before the market open is just PA to shake the weak traders..

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

You are correct on correlation with the DJ..

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

I hope that help

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

GU may rally to 1.53- 1.54 — On the 4hr chart it looks like a H & S formation .. This may help push the GJ higher thru the 143.60 area..

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

Still on course to takeout the 50ema on Daily chart — So far the PA consolidated for the past few days,and there was opportunities to buy on the dip... 50ema is the first obstacle at around 143.60 and than possible a breakout to the 150 zone ...

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

Hi Piters, Do your system look like this one?

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

The 1hr and 4hr TL are holding.. I hope you are trading real small.. There is some PA in London time...

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

Hourly TL is still holding — I believe the PA will retrace up to the 76.8 area( 143.50-143.60) R3 before dropping RSX trending upward...

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

Hi markam, I read this article about the DJ correlation with the dollar.. US Dollar Loses Correlation With Dow Jones, Forex Market Continues to Track Oil Crude Oil had its biggest one day percentage drop in over 7 years today as US inventories rose, ...

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