Malcomb was correct. I listen to what he and quecee5 post. My shorts were just playing the retrace. I exited on the previous 4 hour candle close. and bought the retest of the broken trendline.

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

Geppy had a breakout of the trendline. She has to retrace the breakout to retest. That is what she does. I booked profits and wait for the next set up.

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

Nobody here listens to what I post, but I tried to tell ya....

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

I am also booking longs as she moves up. Until May 15th, anyway, when they "protect us" by outlawing hedging.

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

I will load shorts all the way up. Technically 139 was not a bottom, and maybe even 118.80 is not the bottom in the longer term. The next move, if it breaks 144 to the downside, we should see 138.99 taken out.

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

I am guessing that we shall see some risk aversion rearing its ugly head this week at some point. I just dont know when, yet. Find ranges and trade them. Sometimes i build limit sell orders behind a move upward when it nears resistance, loses ...

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

i tend to agree with ya malcomb. We are in a range until labor day. I am loading shorts as this pair climbs, just as I was loading loading longs when she made the run to 139. Check out my closed trades for the last 3 days.

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

Me too, Godfrey. Range trade.

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

Pre-holiday in Japan. Some traders already left.

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

I like the Asian session. New daily and 4 candle moms. I plan my trade by placing orders on the asian session.

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

I have noticed some price manipulation leading up to the Tokyo fix.

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

Thanx for that info

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

We usually agree. I just thought it was logical to wait for pullbacks to get short after tokyo lunch maybe.

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

I am taking partial profits here on nzd/chf.

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

I would be bearish if this brown 55 sma on the daily breaks with a candle close.

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

As far as the monthly candle, wait until it closes. It could finish as a spinning top also.

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

Weekly aint bearish yet. Like Malcomb said, sell rallies. We will see what she does when she tests the channel bottom.

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

what are your new weekly moms saying to you? daily moms?

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

i am monitoring it. But like you said, trendline support is the key. Patience.

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

I thought I would try a swine flu play on usd/chf.

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