I added another short on that bounce

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

I've heard several people say 176 - 178 .. but I am wondering about the time frame? Before the end of the year? Or before US elections? Also .. what do people think would be a strong 'trigger' for the run down under 180? If you wanted to add a bunch ...

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

Ah, that makes sense .. and I also heard GJ often correlates with dollar/DOW strength .. if US markets in strong rally mode it can pull GJ up and vice versa for down times .. have you heard of any such correlation?

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

I've never really understood that formula .. and it is rather confusing .. if G goes up against the dollar, it would pull GJ up .. but if UJ goes down, it means the $ is going down (same as GU going up) so ... yeah, I'm confused ...

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

OK, thanks gadawg, karmo & cancunkev ...

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

And thar she blows!

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

Karmo, we got the hourly close under 187.50 ... and how did you choose that number?

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

And poor, change your nickname .. maybe to "rich" or "prospering" .. a positive projection can't hurt And if you are trading the guppy and do not know about swap .. as karmo said, go to babypips.com and read through their school of pipsology .. ...

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

Howzit going now, Karmo .. picking out the accessories on that Lamborghini? Or buying a 2nd one as a spare?

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

Re: Karakasa post #112149 — So the karakasa refers to a group of candles: hanging man, hammer, inverted hammer, shooting star And when you pointed out a false karakasa, you meant the formation did not fit the rules for the karakasa candle ...

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

Thanks!

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

Yeah, in fact I think this is day 3 of selling rallies ... getting a bit tired of it, she needs to just make up her confused little mind

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

what is a false karakasa?

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

Kewl .. and here we go .. maybe

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

Fun & Games — So karmo, what do you think of our guppy's action from 1:30 to 2 am ET? Spike to 190.08, 15 minutes later a low of 188.47 Has that changed your bias? 1hr is now above the gann...

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

Now that was VERY helpful Now I see what you mean by looking at the larger timeframe but trading off the smaller .. just for scalping of course. Being a Gemini, I think pretty fast, in fact both of us do And I do know candle patterns well .. ...

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

Well you say potayto, I say potahto, whatever you call it ... it looks like price so far can't get past that 189.20 level .... so I wish she would just quit trying and finish her descent And soon!!!

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

I think for Steve it is all about the candlestick shapes.

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

Actually it looks a bit like an ascending wedge on the 30 minute .. that is a bear sign.

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

Nope, don't understand that....

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