NP....I hope you got in on the sell off the pivot.......worth over 120 pips down to S1 as GJ followed cable down, before bouncing towards the 38 handle, then another 120 as GJ followed UJs drop..... image

Daily GBP/JPY analysis

Now that cable´s broken its 50% fibo on the daily, next stop´s the 61.8% at 2.0017, so lets see how long that takes. Intraday, after breaking the pivot at 0217, S1 held for about 50 mins before the sharp sell off that so far has stopped at S2 - ...

Cable Update (GBPUSD)

Great start — When it started to stall under the 39.65 mini high, I drilled down to the 1 min chart to watch the action.....it pulled back to the 200 ema (green) and then the Brits started to sell, so I joined them and took 60 pips as price ...

Daily GBP/JPY analysis

EW is not for everyone, but try reading some of Traex´s posts......+1019 for July......that´s why some good traders do use EW! url

Cable Update (GBPUSD)

Here´s my 5 min chart of the action so far....the bounces off the lower dashed yellow bands were good for 60+ and the last bounce off the 39.00 level for nearly 50. The pivot is at 238.76 with M2 at 37.90 and M3 at 40.00

Daily GBP/JPY analysis

Pivots — The short Sunday session and the fact that my broker opens his MT4 charts at 17:00edt - 1.5 hours after the actual open in Auckland - means that I have to manually calculate the pivots for today... I use this calculator url Dove ...

Daily GBP/JPY analysis

If you check in the file attachement that G-Man made of Dove´s posts you will find Dove´s triple TF pivot indicator....and loads of other useful info url

Cable Update (GBPUSD)

That´s why I work with a mental (soft) stop and a wide, hard capital preservation stop, just in case my system crashes or some disaster spikes the market 500 pips

Cable Update (GBPUSD)

The Euro´s leading the bounce up this morning....it put in its low at 1:45 edt, just under the 3650 level and has gone up 50 pips. Cable´s low was 25 mins later and it has only put on 10 pips more than the Euro. So I´m seeing cable struggling with a ...

Cable Update (GBPUSD)

I recon that if you show us your Sears Tower you´ll be in the Mod´s sights for a cooling off ban!

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

Now where did I put that "touching my cap" image...and the other one of a large spoon for a helping of humble pie.....or was it just for stirring! Ah well, back to the market Now we have a lower high on the 5 min.....just over an hour ago, a higher ...

Cable Update (GBPUSD)

LOL....you´re mostly correct except your p.s. was miss-typed....should have been b.s. image

Cable Update (GBPUSD)

This is what caused the sell off... ECB Offers Unlimited Cash as Bank Lending Costs Soar (Update2) By Gavin Finch and Steve Rothwell Aug. 9 (Bloomberg) -- The European Central Bank, in an unprecedented response to a sudden demand for cash from banks ...

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

ECB Offers Unlimited Cash as Bank Lending Costs Soar (Update2) By Gavin Finch and Steve Rothwell Aug. 9 (Bloomberg) -- The European Central Bank, in an unprecedented response to a sudden demand for cash from banks roiled by the subprime mortgage ...

Daily GBP/JPY analysis

The euro´s having a bounce and pulling the rest up with it....euro and cable held at 78.6% retrace, GJ and UJ well under. Another higher low on the 5min would suggest that more of a pull back´s in progress

Cable Update (GBPUSD)

Just click on his Nick and view some of his posts, then you can make your own opinion about the validity of what he´s been saying image

Cable Update (GBPUSD)

Quote: Originally Posted by bravado image retractment is due soon. but for how much? in time probably well below 43. current drop. expected. goal after goal, pips after pips, profit after profits. So how do you recon that Bravado was talking about ...

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

Just in case you didnt find his reason url

USD/JPY Discussion

Hi G-Man....great post and thanks for all the hard work with the Doc...you must have heard my thoughts from earlier! Look forward to seeing your posts. Islander

USD/JPY Discussion

Hi Chris.....Thanks, I got my pivot indicator from Dove Alliance on the UJ thread - he just finished a load of posts on using them and they seem to be very useful. They´re reset at 17:00 NY time. To save clutter, I didnt put the fibbo retrace on my ...

Daily GBP/JPY analysis