Any relationships/correlations between markets, no matter how compelling the economic argument, are only temporary. Thus, if I want to analyse GJ, I look at a GJ chart. Analysing YM only gives analysis for YM.

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

Possibly, but you speak of it like it's a forgone conclusion. The interest carry may cause a natural uptrend on this pair but it's not the only thing influencing it. The probability may be that the trend will continue but it doesn't necessarily make ...

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

Wow, it has been a long time since I last posted in here. I see some old faces still flying the flag, some new ones getting it up the pole, and of course the same old nonsense flying back and forth. Entertaining, if nothing else. I took a step back ...

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

Haven't posted a chart in here in a while, good to see there are still some quality traders about. As a day trader it doesn't really concern me in which direction it moves, and just like has been mentioned several times in the last couple of pages, ...

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

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Indicator Free Trading - Skunny

You don't have to use their charting, in fact I'm not sure they even have any - just use a MT4 demo account - they might not correlate perfectly (might be 3 -5 pips out on their feed at the most) but unless your analysis requires super pip perfect ...

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

Why don't you just use English? Any time that you think you have saved by replacing 'the' with 'd' is severely offset by the loss of any credibility because you speak like some 12 year old chav on myspace. Replacing 's ' with 'z' doesn't save any ...

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

Try it now: url

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

There are only three rules of Elliot wave theory: Wave 2 cannot correct beyond the start of wave 1. Wave 4 cannot breach wave 1 - or else it is not a 5 wave formation. Wave 3 cannot be the shortest wave of the formation, it's usually the longest, ...

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

Indeed I do young man, and seeing as you asked politely I shall provide you with some reading material to peruse at your leisure. You are mistaken about it being 5 waves up and 3 down, the market knows not what is up or down, and even if it did I ...

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

Nice analysis Q, hope you took some profit at the 50 fib and 100sma on the 1H though. My hunch is that it is just consolidatory and the bearish bias will continue, the fact that wave4 did not breach wave1 of the move from 204 up to 214 (albeit there ...

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

Nonsense. Look at all the other non-GBP related pairs. Russians buying GBP can't account for that as well. More likely what moved the market were rumours of central banks colluding to cut interest rates after the collapse in the financial markets in ...

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

.....and that is why we use stops and correct money management. I went from being 50 pips up one second to 50 down the next - a smile has never been wiped off my face so quick. Any ideas what caused it? My thinking is that it must be fed related due ...

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

It's not a chart, it's an .mt4 indicator file. Are you using the Metatrader platform? If not, it won't work. To add a custom indicator, download this file - and save it in C: > Program Files > Metatrader4 > experts > indicators. Close and restart ...

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

When you drag the Moving Average indicator onto your chart, you must do it from the Tools tab or it will apply it to close by default. Here is the QQE indicator.

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

I use a very similar system but to fine tune my entries, using the 5sma channel (5sma high and 5sma low on 5m chart), entering on breakout and close beyond the channel, exiting if it gives a reversal signal. It is also really useful for trading ...

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

Nice work Kujo. 5SMA's rock, no doubt about that.

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

Thanks dagoods, still catching up. PS. I'm not even demo trading these yet, just observing and learning.

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

And finally, I suspect the outcome of any GJ predictions will be heavily dependent on the behaviour of the Yen this week. UJ is in a tightening wedge, and should breakout within the next 24 hours. I shall be keeping a close eye on it.

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

OK birdt, get to the point will you, what does this entail for the future? Well, this is where the pinch of salt comes in. I have this fibo drawn as below, the high has been broken which suggests to me that the 138.2 fib ext could (not should), ...

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