Malcolmb, what are your thoughts for GU and GJ in the asian session

Cable Update (GBPUSD)

Very ugly PA on GJ and GU, GU has broken the DP and the daily high as well

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

Which resistance that has been broken? I guess resistance is @ 1.6375 area, which is not reached yet

Cable Update (GBPUSD)

I never get the lower highs and lows or vise versa from a 1m chart

Cable Update (GBPUSD)

Malcolmb you have mentioned before that 99% of the time prices retrace in the asian session, are we going to see this retracement, if yes up to which level?

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

Excuse me, but I can't see any hidden divergence in the attached chart, maybe I'm wrong

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

The prices in XE.com now for GJ is 160.09

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

[quote=malcolmb14;2812087]

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

Thanks, already recovered, as I mentioned that I will keep watching the prices in the 1st hr after London open, and there was a bull trap which I warned about it, so I started to catch sell orders while prices were falling since I know that the DP ...

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

I will wait till the close of next hour before entering any trade, as it might give me a clear signal which way to go, and also to give my self a chance to forget about the hell of shorts that stopped @ BE

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

All hit SL @ BE

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

If we broke above 157.72 then we might go at least 100 pips up.

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

Be careful, I'm getting nervous as well, well DP is 157.17, I hope that prices don't close above it 1hr an 4hrs

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

I placed a hell of shorts after the US session, when prices went to 157.72, shorts from 40s to 60s all with SL at BE, I really don't want to find them closed at BE if happened

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

What is this ugly PA, prices might go up to 157.40-50 area now, I hope not, I'm afraid of any reverse, or any bull trap

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

I had target at 157 but I removed it before reaching it, and now prices is below 157, will wait and see, I might close some @ 157 and leave the rest open but still with no target

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

I'm still holding my longs at 156 level, but the problem is that I didn't place a target yet for those longs, but all with SL @ BE

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

Everything mentioned above is logical, and I agree with it, but unfortunately, no logic in forex markets, manipulation can rule and some other hidden factors as well

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

Thanks grashid for your continiuos help, I already went long

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

Thanks Malcolmb for the help, well I already closed all short trades from 157 area, and went long, hope I'm not wrong, for TP at 157 which is now a resistance, and will add more shorts on all resistance levels

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