You are right that market doesn't move in a straight line but this PA is heading down beside the PB and consolidation..

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

I believe also PB is possible before a freefall..

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

It will today or the weekend.. Fundamentals are all bearish and TA is bearish.. If the market goes up today, than the market is setting up for a freefall this weekend.. IMHO

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

I am trading from the higher TF's..The eurozone problem is getting worst and the month is almost over.. All the fundamentals are bad and PA held up for the FREEFALL..No indicators can help..EW will not help.. This beast is heading down...Gravity ...

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

Keep it simple...The trend is down..I posted many times that GJ is heading down..The whole week GJ held up for the freefall starting today and continue this weekend.. Sell all rallies.. Don't get fool by the PB PA..It is all bearish.. TP is the ...

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

Anyway, with the increase VIX I suspect PA may lead the risk asset to 128 zone area this month before reversal, I will watch and trade.. ATM, I would expect retracement to 136.50-137.00 zone and another reversal run to new lows tonite asian time. ...

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

The more kaboom the better, I will be building up my longs in that area if GJ reach there..ATM, I see maybe 134-135 during NY time before reversal..Asia market may continue the drop and friday will finish the kaboom to 128 zone or the weekend.. Wait ...

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

Here is my weekly and monthly GJ chart.. If the eurozone problem gets worst and dollar gets stronger than KABOOM all the way to the 100 level..

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

Here is my monthly chart.. 128.00 reversal zone 76.8% fib level Kaboom is here...LOL

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

Here is a chart I posted last year.. 128 zone is 76.8% on weekly GJ chart.. Kaboom

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

It sounds like picking bottoms and tops...

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

It might get as ugly as zweig

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

Another opportunity to short during London time at 4:30am when BOE Gov King Speaks . Kaboom..

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

Patience

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

No one gets all the trades right...You plan your trades and trade your plans.. You did well closing your trade for a profit... Any winning size trade is a winner. Don't get greedy with GJ atm because the market is not stable to swing trade..Scalping ...

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

This bull rally is fake..

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

Guys this PA is just making suckers to the recovery...Selling all rallies.. As quecee5 and myself see on the higher TF's Good Luck Fundamentals is all bad..

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

I know..I am only saying for the newbies that don't know who you use to be..I guess this is how you trade...

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