watch dj-30 — dj-30 has bull div rsi right now but seems to be breaking to downside. 210.2 at least

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

dj finding support — dj right on low of day yesterday. Break here gbpjpy 210.2 in a hurry.

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

211 double top 5 min — Nice double top play 211 with bear div rsi14. Short 210.9

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

One more note — On the 60 min double bottom at about 210.2 there is a bear div on the rsi14 also. The rsi is lower on the last low than the previous low. These can play out also meaning we have lower to go yet.

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

closed short - market info — I am out of all short positions for overnight. 10 lots off 210.85 , 10 off 211.4 , both closed 210.50. I thought that I would get to 209.5.... but markets seem to be in tight range at the moment. Tomorrow will ...

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

down we go — 210.8 support right now .... 23.6 fib of long term 1-2-3 as per last post. dj-30 futures dropping slightly news out of UK .. John Lewis sales down 3.5% this week conpared to same week 1 year ago. Next year they will be 40 % down. ...

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

On the RSI14 on the 60 min crossed above 60 and then back down through it. This is bearish as RSI can range between 40 and 60 on the larger time frames without ever getting into the overbought and over sold zones. I like to use values of RSI14 of 60 ...

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

added to short — Added another 10 lots to short off 76.4% fib at 211.48 zone. Nice little pop on the news out of Japan on GBPJPY with bearish divergence and overbought RSI on multiple time frames up to 60 min. image

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

close eyes and hope for best — This is where the close eyes and hop for best indicator comes in .... lol url That is the web site for Wolfe Waves. My partner swears by them. I like to keep things simple and do not know much about them as ...

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

Those chicken bones say...... — I have thrown the chicken bones down and they say: Go short off 210.8 zone. (we are in 30 min ago) Targets 210.2 209.5 208.8 208 206.83 Mad maybe but these are based on following : 1) 1-2-3 sell formation on ...

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

Weekly — It almost seems that the weekly chart is consolidating ready for the next leg down. The last leg was 2000 pips. Although we are getting higher lows the last three weeks we need this for the RSi to come up a little , to give it room to ...

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

scalpers - bear flag 5 min — I cannot post chart as it is down .... we have a bear flag forming on the 5 min. 211 top , 210.4 bottom. break one way or the other it could be a long or short. I favour short as HangSeng and Nikkei225 will likely ...

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

OK one more from me — In regards to gambling / trading comment , .a few pointers for the newer traders. Never think about making money. Think about the risk and manage the risk. Plan the trade and know why you got in the trade and have a ...

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

One more post — RE Scalping .... / daytrading. I had this same conversation I see in the message board with my Partner the other day. He hates the way I go and scalp / day trade in our forex fund as he considers it to high risk. I on the other ...

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

Here comes test 210.2 — This is support from yesterday .. .210.2 was a hard area to breach. Next stop 209.67 if it breaks down. Note DJ-30 right on strong support 12286 right now. If it breaks this she is going down. Been short DJ-30 since ...

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

Thanks for the thoughts — Good advice. Make a little every day and in the end you will win the race.

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

What you are trying to tell me they are NOT after my 1 mini lot lol

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

210.8 short — 210.8 entry as DJ-30 broke Low of day

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

Everyone bullish now ... time to go short — Once again the big money guys are messing with us.... loads of traders seem bullish on this pair . Here is a 1-2-3 sell chart on 30 min with Fib Extensions. We stopped on 76.4 for now. If this is ...

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

I prefer bills — Only nickels and dimes lol ..I prefer bills .... the larger the better. I am a day trader .. a scalper if you like. I mainly trade the UK / US overlap (4am to 8:30 west coast / Pacfiic standard) . So like you I just look for ...

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