from another post: "Well I´ve just closed my short on a limit order just above the DP - also at Wolf´s descending T/L! - actually at 236.09 I guess the good GM sales data will give the Dow a bounce and lift UJ for a bit....that´s it for today, now ...

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

Well I´ve just closed my short on a limit order just above the DP - also at Wolf´s descending T/L! - actually at 236.09 I guess the good GM sales data will give the Dow a bounce and lift UJ for a bit....that´s it for today, now to continue quality ...

Daily GBP/JPY analysis

Darn it UJ not co-opearating and sticking above 115.77 and GU´s just had a little bounce up off M2, so GJ now has a higher low on its 5m - but the Dow´s still dropping so I´ll hang onto this short for now

Daily GBP/JPY analysis

NP, I´ve already posted them...I use the same on all my charts, the 8, 34 & 200 EMAs - only the +/- bands for the 34 vary for each TF - the one currently shown is +/- 90. a vous

Daily GBP/JPY analysis

It needs UJ to break under its weekly R1 (115.77) - that should help 235.08 reappear

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

Great. The high was nicely at the daily M3 - 236.75, so a good place to have a target. The 5m 34ema has now rolled over, so I´ve taken a short at 236.35 - now need UJ to break back under its W R1 -115.77 - for this to drop hard.

Daily GBP/JPY analysis

5 min chart — Here´s an update....showing three buying opportunities so far. I´ve not marked the last possible one as the snake is lower and has red starting to show, thus its showing falling momentum and a red warning. Also, the whole rally, ...

Daily GBP/JPY analysis

Now that I´m back I see that I was too quick to exit. The small pull back stopped at the 5m 34ema, held around there for 8 candles and then bounced straight up thru the daily pivot, where its remained....so far. UJ has got above its weekly R1, but ...

Daily GBP/JPY analysis

But momentum on short time frames is lower, not a good sign for the bulls, especially with all the resistance around the 236 level

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

Agreed - I actually have M2 at 235.57 which held the push up just over an hour ago and now is support on my 1 min, which also has my 34 ema. Now if UJ - which broke above its DP 30 mins ago - will go on up to its weekly R1 at 115.77, we´ll have a ...

Daily GBP/JPY analysis

Nice entry....I show similar levels off my 5m chart....watch the 236 area - daily pivot and 50% fibo of the drop - it would be good if it spikes straight through. BTW, what is your green line at 234.84?

Daily GBP/JPY analysis

1 hour chart — From the 1 hour chart, we can see that the Weekly R1 held yesterday and that so far, the pull back ( equal to the previous pb last Friday) has held around the Weekly M3 and just above the 50% fibbo. Will this area hold and be ...

Daily GBP/JPY analysis

5m chart — Plenty of clear sell signals in the Asian Session - pity I was asleep. I hoped the bounce from the 235.30 low an hour and a half ago would get back up to the Daily Pivot / 236 level / 50% retrace - that would have been a great sell ...

Daily GBP/JPY analysis

Please dont go there, idiot posters are not welcome there either image

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

Could I ask when your next cycle period falls - after this Wednesday? I have two daily time lines in GJ that are due around October 12 and it would be interesting if these llined up with your Dow cycles.

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

Hit my trailed stop for -30. I´m thinking that it will range whilst the Dow can hold in the 14,000 area. Now its SunDowner time here....see you for the FO.

Daily GBP/JPY analysis

UJ finally broke back under its Weekly R1, so I´m short from 236.48, initial stop at 237.08, trailing. Edit: Hit trailed stop at 236.78, closed -30 - it was only a partial position. Whilst GU held again under its 61.8% retrace, after an hour, UJ ...

Daily GBP/JPY analysis

Thanks Wolf. There´s a lot of resistance around the 237 level and IMO it will need a lift from UJ and GU to break above. I´d like to see a pull back first if I´m going to take more longs. I´ll just go with my signals - with the extra UJ confirmation ...

Daily GBP/JPY analysis

I was very close to having an initial SellSignal, but I wanted UJ to confirm by breaking under its Weekly R1 at 115.77. Instead, its just bounced up off it. Patience is a word I keep hearing!

Daily GBP/JPY analysis

5m chart — So far two nice closed signals - both worth more my target of 100 pips. The latest signal - a buy at 235.85 is still open, with the stop now at 236.00. I´m not certain how far this will run as UJ is back at its earlier high and GU ...

Daily GBP/JPY analysis