The European Session´s just finished with a 300+ pip range, so barring any big sell off in the Dow - now at 13,917 and 33 points off its low - I think the fall has finished for now. Cable put in its low just under its 2.0300 level over 4 hours ago ...

Daily GBP/JPY analysis

Just to add to my joy, my platform locked up for about 5 mins of the drop, keeping me out of entering.....I was not a happy bunny! Still, the 50% retrace / M1 provided a good entry as I had suggested.

Daily GBP/JPY analysis

LOL Aus...now IG Markets, IFX MArkets etc will all be logging on too.... image

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

WOW - so immediatly after LO the Brits sold UJ and cable.....they went -90 and -60....so GJ dropped 220 in 28 minutes....yeeks!! Edit: That teaches me not to be too greedy....after M2 (239.40) held in the Frankfurt hour, I was looking to sell around ...

Daily GBP/JPY analysis

Yesterdays initial sell off in the Dow - caused by some bad company results - did not follow through, so GJ retested its lows at 239.17 and bounced again - up to the 240 level that I mentioned. This morning, we have UJ and GJ under their Daily ...

Daily GBP/JPY analysis

Thanks. If the Dow sells off into the close them we´ll get another push down, if it does not, then I guess a retrace towards the 240 level.

Daily GBP/JPY analysis

Fine, what´s the current level that you are looking at.....

Daily GBP/JPY analysis

When UJ finally breaks down I´m expecting it to test or even break its 117 level. This should put GJ under its 239 level and as its Asian DP is at 238.76 - thats my initial target for this session. Edit: Additional short at 239.32 on break of recent ...

Daily GBP/JPY analysis

No, not the same person - I´ve never heard of that site......and darn it, when´s GJ going to continue down - looks like cable´s 15 pip bounce is spoiling the party!

Daily GBP/JPY analysis

We have now had an hour and a half of consolidation around the 239.50 area with two spikes towards the 38% retrace at 239.75 - but with no further attempt to get back to even the 50% retrace. I now suspect that the bulls have run out of steam and ...

Daily GBP/JPY analysis

UJ is now in the target area both time and pricewise to complete a Bearish Butterfly on its hourly chart - BUT this pattern could still extend up by another 100 pips and last until its next hourly time line at 5pm EDT today. Likewise, cable may be ...

Daily GBP/JPY analysis

5 min chart — As we are still locked in a trading range, I´m continuing taking short term trades off the 5m and 1m charts. I took a good buy in the Frankfurt Hour that then stalled at the MR1 and pulled back to the rising 34 ema (agua) for a ...

Daily GBP/JPY analysis

Good morning - I hope everyone´s had a relaxing weekend. Since the bounce from the completion of the pattern on the chart posted above and the strong 8am edt candle on Friday, we´ve had 16 hours of consolidation. The Frankfurt Hour was unusually ...

Daily GBP/JPY analysis

Its an hourly chart, snapshot taken at 3:52am edt - in the 9am CET candle on the chart which is on Central European Time (GMT +2 / NY +6) - thus 8 mins before the candle closed. I was suggesting a bounce as far as the daily pivot at 238.62 and ...

Daily GBP/JPY analysis

Off the 5min - measuring the bearish butterfly, it looks as if its just completed in the 12:50edt bar. For this, the total "wing span" is 3 bars out in 12 hours and the right wing 1 bar out. The next time line is due 14 bars after the NY close which ...

Daily GBP/JPY analysis

LOL Karmo....that´s the way I´m going too - analysis on UJ and trading with GJ - I have noticed some very accurate hits on pivot levels that UJ seems to "respect" a little more than GJ. Juggling with GU too just keeps you on your toes.... image

Daily GBP/JPY analysis

I never mastered the Sq of 9 for FX, although I´ve seen it done for the S&P futures and T Bonds. I´m also looking to see if timing can be used with the Harmonic Patterns - I´ve already found some that line up, but it will take some work to see if I ...

Daily GBP/JPY analysis

I´ve posted a piece on timing in the Analysis thread, the main point being that we are in the range of two daily time windows where change is more likely to happen in GJ. There is a greater confluence in the Dow etc.

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

Market Timing — Whilst we all know and use a variety of tools attempting to predict price levels, few are attempting the same in relation to the timing of moves and the areas when the market may be more liable to change direction or accelerate ...

Daily GBP/JPY analysis

I´ve taken partials at +50, stop to 237.90 on remainder and next TP at 238.50 Edit: stop hit, now flat - might have been a bit too tight - we´ll see

Daily GBP/JPY analysis