Do you see risk aversion today? Where? It will take panic selling to break long term support. I dont see it today. I see more range trade. If so, we sell from top of the range, and build small tester longs at the bottom of the range.

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

sell low and buy high? I would rather have a sell order below the pivot.

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

who would sell a pair that is so close to monthly pivots? let it reload...

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

I prefer to follow the banks position. No risk, easy safe money. Hedge funds got burned bad. Why would I follow them? I am a forex investor, not a trader. Boring and steady. No stress.

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

Over the years, most of my losses came during the last week of the month, before i understood the bigger picture. I stand aside a lot. Already made my monthly goal, and then some. Why risk? I can now give myself a payday to meet monthly expenses, ...

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

Check out usd/cad and gbp/chf. It is testing long term support area. If it holds I buy it.

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

Cable gave good pips last week. Look at the daily chart range trade scenario. Monday short Tuesday long wednesday short Thursday long Friday exit day.

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

I exited my long aud/usd at the evening star formation double top. Purple 400 sma resistance. risk aversion = i short it. risk tolerance = I buy it and hold for the white 50 fib, then maybe that white 38 fib by Labor Day. Nice range trade set up on ...

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

i am also buying dips on aud pairs and crosses, as long as China GDP stays in a sustainable range.

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

Very nice Godfrey, as usual, you get the big picture.

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

Here we see the hourly chart range trade scenario for last friday. Notice the candle formations, and the lower high. Notice the hard bottom at the red trendline around 141.04. there was demand at this price level on Friday. Notice the green 50 fib ...

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

Price closed below the pivot on the previous weekly candle, denoted by the red trendline at 143.22. I am using the sum of the weekly high, weekly low, and the weekly close, divided by 3 to get a ballpark pivot.

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

red trendline at 142.53 indicates the pivot from the previous 4 hour candle bull candle. Price closed below it.

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

I see more downside to gbp/jpy where I might wanna own it again. Stop loss below the trendline somewhere safe but reasonable if i guessed wrong. Market Sentiment will dictate my strategy, daily. I read the momentum indicators on the new daily and 4 ...

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

I see more room downside where I might wanna own it again. The large sma's tell a story.

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

This pair may track the S&P 500 and the dow, which is supposedly forecast to retest the lows after Labor Day.

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

I hope she range trades all summer with a gradual upward bias. I dont know if she will continue in the channel, or not. I have strategies for either scenario. Geppy has ranged for long time periods in the past. Right Queecee?

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

I am reading the moms on the asian open new daily and 4 hour candles, at 0:00 GMT to get a heads up on the days Sentiment. They have been detecting it before the fact this past week. Bear-bull-bear-bull-bear-bull. LOL I hope this channel stays ...

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

How can you call the current candle anything until it closes? Where is confirmation for a pin bar? Price has not yet tested the yellow 5 sma. This is so far an expected retracement to the upmove from the short term bottom. Risk aversion would break ...

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

I am out for the week now. I dont trust the coming bank news stress test later today. I have limit orders at monthly pivot areas.

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