So we go to George Street and get an entry......a bit far for me.... image

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

Thanks Wolf....I continually monitor GJ, UJ, € and cable, whilst focusing on trading GJ. Now, I notice that cable has bounced of its 50% retace of this morning´s rally, so unless UJ falls - its currently at 115.47 , exactly at its 5m 200ema, then ...

Daily GBP/JPY analysis

The bounce was up to the 61.8% retrace, then it turned back down, so I´m short again from the break of the yellow line with a tight stop above the 61.8 turn. Now to see IF it can continue down to the 233.00 / .15 zone where it spent 4 hours earlier ...

Daily GBP/JPY analysis

1 min entry — Here´s what I´ve just seen to give me a small sell - the stop followed the 34 ema (agua) down, so now out for 18 pips and looking for the next signal. Once price breaks the 200ema (green) and that rolls over too, I´ll consider a ...

Daily GBP/JPY analysis

A very successful trader called Goldfish did some excellent work with ellipses in the Wave 59 forums - he called his interpretation the Ellipse Divina. It worked on correctly scaled charts by interpreting the entry into the ellipse relative to the ...

Daily GBP/JPY analysis

Nice trade....hope you´re locking in some profit as it looks as if todays M4 line at 234.08 is going to hold. My 1 min charts have all rolled over in cable, UJ and GJ, so I´m short at 233.92 with a stop at 234.28 - just the other side of last weeks ...

Daily GBP/JPY analysis

After 4 hours sideways, trying to get above the 233.20 area price finally dropped back to the monthly pivot that it broke 6 hours earlier. A strong bounce to make new daily highs is now looking unlikely....

Daily GBP/JPY analysis

Price has bounced off the Monthly Pivot - 232.29 - 10 hours ago it was resistance, now its support....for a bit?

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

Two nice examples of APFs - be interesting to see how they pan out over the next few days.....

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

1 hr chart — The falling red trend line is currently holding price, but if the Dow continues above 13,847 then I believe that the yellow line (last Fridays high) will be hit. However, the lower highs in the Snake are a sign of bearish momentum ...

Daily GBP/JPY analysis

We had a huge storm last night and the first bolt of lightening hit less than 1/2 a mile away and took out my router, one monitor and my satellite TV! - we missed the end of Silent Witness....*#**#** So a slow start this morning getting my back-ups ...

Daily GBP/JPY analysis

I was quoting directly from Robert Miners Dynamic Trading Theory, Chapter 3, page 11 - and also as set down in many other books on the subject. Unfortunately, I have not read Elliotts original work. However, I agree with you that it would be better ...

Cable Update (GBPUSD)

Hi Wolf - glad you´re short and making pips. I missed the last entry at around 5:25am when it got above the 231 level - my first entry was at 231.20 and it turned at 231.14 after cable put in a lower high and UJ held at its 5m 200ema. That was worth ...

Daily GBP/JPY analysis

Darn it, I was looking for the 231.20 area - the 00:35 high. Then at 05:12 cable put in a lower high and UJ did the same and down it went for 50 pips as cable retested its 2.0100 level again. If that breaks, watch out below! Remember the Existing ...

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

Whilst your first chart is a possibility, your second is incorrect from an Elliott Wave point of view. Wave 4 cannot move below the W1 high for a valid EW count.

Cable Update (GBPUSD)

I actually have that as S1 from the 1700 EDT pivot, so I guess it might do something, although it had no effect on the fall 8.5 hours ago!

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

Cable´s just broken above its S2 level...should allow GJ to get to the 231 level - as long as UJ doesnt spoil things by falling back to retest its S1

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

This is looking like another nasty European session, just bouncing around in a narrow range. Cable´s now got up to its S2 at 2.0125 and its acting as resistance. UJ, which bounced off its S1 earlier has been in a 25 pip range for the last 7 hours. ...

Daily GBP/JPY analysis

Its now sitting at its famous 85 reversal number, with little downwards momentum, so in the "old" days when cable was active, I´d have expected a bounce. These days I dont know!

Cable Update (GBPUSD)

GM Wolf......hope it breaks the TL - a convincing move by cable under its 100 level should do the trick image Edit: Darn it...cable´s done its favourite trick and bounced off its 85 level......now, is it a bounce or a reversal?? Edit: out at ...

Daily GBP/JPY analysis