1H is showing big Bearish Divergence. 09:00 candle is at 84.106 on the RSI and closed at 198.48 16:00 canlde is at 79.7554 on the RSI and closed price at 200.04 17:00 candle is at 79.4492 on the RSI and closed at 200.12

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

Even if DJ doesn't sell off, I'll bet the usual 50% retrace during the Asian session. 4H 50sma is around 198.64 I'll take profit at 199 and see what happens. Very little volume the last 3 hours and 4H candle looks bearish. Short term of course. ...

GBPJPY scalpers

I'd join you, as I'm PST and trading US/Euro overlap as well. Scalping a 1M strat at the moment, that really ONLY works on trending markets and not on ranging days. You see a 100 pip drop in an hour or so ? Good. Me too. I went short at 200.25 with ...

GBPJPY scalpers

Well, with the market so up and down, I've been just scalping lately. 200+ pips being the target, for about 5 hrs of trading per day. Using a 1M scalp strat now, that works well in a non ranging market, so mid week days it should work very well. ...

Kujo's Forex Journey..........

I have 203.75 area as well, but think we may see higher again before dropping down. 208 area is breached and I think we see 213.40 ish to retest that area. With no break there, I think we plummet down. How's the Hockey Mike ? Haven't skated in a few ...

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

Yes, I agree. I think the Fibs, TLs and S/R areas are the key to profitable trading. Trading Naked as they say. kj

Kujo's Forex Journey..........

Haven't really been posting much analysis, as I've mainly been scalping these last few weeks. A few hours around the Asia/London overlap and then the US/Eu overlap. Using my ZL Stoch, Fibs/TLs scalping strategy and aiming at 150-200 pips/day. Hope ...

Kujo's Forex Journey..........

With my Fibs on the 4H, we are going down to test 193.59 again. If she is held up there again, I'd say that would be a double bottom situation and we'd retest the 207 area before plummeting again. If she breaks 193.59 area, then we'll probably see ...

GBPJPY scalpers

Most of the time yes, but the GJ occasionally separates itself from the Dow, but more often than not, if the Dow is rallying, so is GJ.

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

Ahh, cool. I wasn't worried.... doesn't earn me any more pips or anything. ;-)

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

I am well. I just trade the Beast. At the moment I just use a 5M scalp stragety. My journal has the jist of it. It has evolved, but basically I use Fibs, TLs and ZL Stochastic When Stoch crosses over and TLs break, I enter. 100-150 at a full lot ...

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

US / Eu overlap is best to scalp. normal day for me, 150-200 Good day, 300+

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

That was yesterday to us Vin. It's Thursday to them now.

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

ditto. too off the wall to enter long term yet. 30-50 pip scalps off the 5M x2 fulls...... a few hundy so far and a few hundy to come. When 4H ZLStoch crosses back down wards.... Loadin up and letting it ride to 188 ! Bonzai, as another poster ...

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

I think .75 is priced in already. More lies in what Bonehead, err Bernake says......

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

WOW...... is all I can say..... This is just insane. To think I pretty much took Friday off and could have walked with about 500 + pips....... OH man....... Hope all are enjoying the insanity. Not much time to post with the twins and my son to play ...

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

close on all of them. When the 10/20 cross, it's like a 5sma cross, only safer trade. Then, when the 10/20 cross the 50, you're good to go even more. Just later confirmation. Less in/out. Then I use Fibs and TLs, both Horizontal and highs/lows. When ...

Kujo's Forex Journey..........

I am following that, but I also added 10,20 and 50SMAs for further confirmation. I also use alot of Fibs and TLs and enter on TL breaks and use the Fibs for TPs. Hard to explain that part really. Also, go with the higher TF trends mostly. Since it's ...

Kujo's Forex Journey..........

been a bit busy during the day. Two more shorts: 205.00 and 204.90, each x1 lot TPd at 204.20, off to sleep. Another good day. 390 Pips booked, 65 pips lost, +325 pips/day See you all at 4am PST

Kujo's Forex Journey..........

1H has been making lower highs, at the peaks. 10C Mom indicator is flat and turning down ! So, I'm selling at the top of the rallies. 4HQQE is down and we are in a down trend. 5M also just broke a lower TL. 15m and 30m have also made Lower ...

Kujo's Forex Journey..........