I dont think shorts are safe unless you are gonna scalp becasue if all of the support beneath 231.52. I wont sell until the lo of the day is broke but I will buy a break of 232.28 or a bounce off of 231.52 becasue we are trading right in the middle ...

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

Hi all — We are stuck in the middle of a range but I think to keep buying off of 231.52 may be good. I havent had a chance to read the posts yet. Busy morning!

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

It seems to be very hard to trade lately with the fundamentals crashing around us. We have had to work hard for our money..lol

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

I use the u/j charts as a guide for what I analyze on the g/j charts. I also have the Dow charts up during the US session because the dow usually makes a move seconds before the g/j so it gives a heads up.

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

The U/J is in control of the g/j most of the time. If the u/j cant break a crucial price then the g/j may spike above or below its crucial price ( support or resistance, fibs or whatever you use)but come right back. That is why the g/j has so many ...

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

I think its confused..lol..war between the bulls and the bears at a crucial price right now.

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

I will stay long the g/j at 88 as long as the u/j holds above 114.00

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

Its holding above 80 for now but if it tests the lower 70's again I may exit early.

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

Lol Gandolf

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

If u/j doesnt hold above 114.00 then our g/j long is in deep do do

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

Tight for the g/j is 30 pips

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

Yikes...Im long at 88..lol..Will put a very tight stop.

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

Who ya talking about Jim?

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

What is "the secret"?

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

I will buy bounces once it retraces a bit because it is in an uptrend currently.

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

No shorts for me

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

[quote=imransait;1587702]you bet we will see 231.80 lots more till FOMC, after that its up or down by more then 1000 pips [/quot You are so right imransait. SO we will get as many pips between now and then and then sit back and watch the action on ...

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

hmmmmmmm is the attachment there?lol

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

Ok, I hope the screen shot appears. You will see last weeks scenario where we bought 231.80 over and over again and you will see the set up forming now. As long as Ben keeps his mouth shut between now and thurs it should pan out.

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

Well guys..it appears that we may get to play the 231.80 area again. Remember last week when we were able to buy off the 231.80 area over and over again because of the inverse head and shoulders? The 4 hr chart is setting up the same scenario right ...

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