i missed all the fun... damn conference... it had to be today!!! alright, i hope i can catch a retracement and ride it back up.

Cable Update (GBPUSD)

it is quickly getting oversold on m5... while m30 holds... at first sign of reversal i'm adding another long.

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

here are my targets: first 211.65; second 213.70; third 214.91 and then 216.04. i didn't see much of drop... what happened with that northern rock catastrophy?

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

here's something more simple: US session is coming to a close, and yen tends to strengthen while approaching Tokyo session. at this time i expect less power of the uptrend, and a slow falling of yen pairs. given the fact that price is still inside ...

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

i don't have an open trade yet. but if it breaks out of that triangle, i would say first down is 207.80, while first up is 211.60.

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

not just yet. we haven't cleared the upper trendline. it's still inside the triangle, so hold your long horses for now.

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

that's obvious. it's actually so obvious that i might think it's a trap... oh well. bring it on!

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

if it goes down, i wouldn't believe in 213 anymore. but since anything is possible, i will go by the chart and not by what i believe.

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

it actually was to the pip. i have 209.08, 209.09 and 209.10 on my chart. i just set a pending short order below, and my first TP is 207.80.

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

this is a h4 chart, you probably know this already... i think it's pretty intuitive. trade the breakouts. some other tip you might find useful: when you watch a trendline and you see that it is tested, there is usually one candle doing this; if ...

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

i read orion's reply, but i gotta be real tired... i didn't get it. the way i do it is this: when i open a trade, it is usually based on a pattern; i place my SL at the point where i don't believe in that pattern anymore. if market goes into my ...

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

your charts are scaring me.

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

yeap... always about what price does BEFORE the news. no important news this week, and look what a nice dip we had on both g-u and g-j... i expect a nice trend shift after tomorrow's news.

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

congratulations to you and your wife and i wish you all the best for this journey that is about to begin.

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

alright... frankfurt is coming soon... usually that's the lowest point... so i'd say we have one more chance for a short, just before london open. it didn't make it to 209.60 yet, but it doesn't look like going go up from where it is now.

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

very good. with just one comment: a good entry point for long would be AFTER we see a classical bullish divergence on h1, and this may be materialized at almost ANY point that is BELOW 210.33 (or friday's low). it might not even go as low as ...

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

before you jump to any conclusions, take a look at this chart. i wouldn't go long until i see that yellow trendline broken. also, look at the white arrows and then at stochastic (h4 is way oversold, while m30 is overbought); and why don't you take a ...

Cable Update (GBPUSD)

i thought this move from 1.9738 was the retracement. anyway, when the rally starts it should go beyond 1.97. but we'll see.

Cable Update (GBPUSD)

on what timeframe?

Cable Update (GBPUSD)

yeah... well, bulls are watching from aside. i agree with you, there are signs that in the near future we might see a rally BUT i don't see any confirmation yet (i mean, as i write). just a hunch... it's gonna drop more (or move sideways) until ...

Cable Update (GBPUSD)