It looks like a submarine to me.... image Edit: LOL or a Stealth Boat

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

UJ 15m — UJ bounced up hard off its daily pivot and has now stalled at its R1 level. The swissy is up on the day and the Dow futures are holding above 13000. Thus at present there are no signs of UJ turning south. Let's see what the US data at ...

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

[quote=ephisi;1987850] The data was worse than expected, so it looks like a case of Sell the Rumour, Buy the News. For cable to fall 160 pips in a couple of hours someone had a good idea of what was coming out - that's unusual for UK data image

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

GJ Hourly — The higher low on the last hourly candle - the green doji - is positive. The action in the grey Decision Zone will confirm if the bounce has legs or is just a retracement......

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

4 hr chart — My thoughts from the GJ trend line thread.... Here's the bigger picture.....the strong rally from the April 11th low stopped at the 209 level and retraced 50% to the yellow line - the 203.50 area. The two bounces from this level ...

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

They close for lunch (!!), but their "official" close is at 8am GMT = 4am EDT

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

Rising wedge? — Here's the bigger picture.....the strong rally from the April 11th low stopped at the 209 level and retraced 50% to the yellow line - the 203.50 area. The two bounces from this level have both failed to break the 209 level and ...

GBP/JPY Trendline Traders

Cable fell > 80 pips in 50 mins - the question is what caused the Frankfurters to sell it before the London Open? and what will the Brits do image

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

I heard he was in paradise..... url PS - I'm heading there too image

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

You're getting way off base from what this thread was started for..... "This thread is purely for GJ trend line traders, I will appreciate if we keep the topic of discussion here purely to trendline trading." .....and whilst I'm interest to hear the ...

GBP/JPY Trendline Traders

Mm, is the pale blue line on your GJ chart a free hand mirror image, or something more esoteric?

GBP/JPY Trendline Traders

LOL - look at the chart 5 posts above.........or your own charts - its quite important area if you trade GJ.... image

GBP/JPY Trendline Traders

A Word to the Wise is Sufficient — My word is Thank-You to Bemac for starting this thread and to Peter Crowns for sharing his knowledge with us image Its now three years - and more than 9000 screen hours ago since I first started looking ...

No Free Lunch but all the Free Coffee you can drink

GJ 15m — Not a lot of action yesterday, the ISM data turned UJ south and GJ followed down to the bottom DZ line which held in late US trading and again overnight with a higher low giving a buy that ideally needs confirmation by breaking up out ...

Intra Day Yen - Naked

GJ 4hr — The above mentioned situation leaves GJ in the upper section of the rising gann line channel. This was after the second bounce from the 50% retracement level of 203.53, that bounce led to the second attempt at the 209 level via the ...

Intra Day Yen - Naked

4 hour charts GU & UJ — No Japanese trading until Wednesday and the Brits are also on holiday today - Monday. Cable is holding under the well established falling gann line, BUT has now put in 2 higher lows, the last at the 9700 level - can ...

Intra Day Yen - Naked

url You might find this thread helpful

Trading with just trendlines and the like.

Nice work - its good to see some else looking at GJ's pairs to help analyse GJ's action. My daily chart shows Friday as a green candle, with a higher close, rather than the red candle on your chart. Either way, I view January's Lows around the ...

GBP/JPY Trendline Traders

15 min chart — Hi Lou - its the standard MT4 tool, and yes I've tested numerous different angles accross the time frames that I use. Here the same angle caught the high and the "slower" light green has provided support - PM me if you want more ...

Intra Day Yen - Naked

GU & UJ 4hr — Despite the poor UK housing data earlier this morning, cable has rallied strongly and is leading GJ up. So far UJ has failed to break above its resistance in the 105 area, BUT IF the NFP is bullish, then we can expect UJ to ...

GBP/JPY Trendline Traders