Trade the big picture and you wont get burned. Geppy is in a range until she breaks out. Find the range. Trade the range. Trade your own charts.

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

stocks up= dollar down, usually.

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

Well said, Godfrey...Listen to the voice of reason, newbs. I trade the weekly chart and monthly chart. It filters out the noise and chop, giving me the bigger picture.

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

Well said. my friend. How is uranus treating you?

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

Nice pennant formation on the 4 hour chart.

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

It is clear to see that geppy will head down for the red trendline at 144.50, and the green 22 sma.

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

Well said.....

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

I dont have skype, bro.

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

Let the dust settle until Tuesday. The pullback should resolve itself by then and we will see whatever direction Geppy wants to take. Monday will be a positioning day.

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

Hey Quecee, Take a look at at my monthly moms. The 14 candle mom and the 10 candle mom are below the 100 level (bull/bear borderline) but pointing up. The yellow 5 candle mom and the blue one candle mom have crossed above their 100 levels. She wants ...

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

That buying interest was strong around 146, breaking resistances until it formed a lower high and ran out of steam. London and Frankfurt traders are gone now as their sessions just closed. Only U.S. traders now until 5p.m. est. She will range until ...

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

or a truncated wave 3?

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

Looks like we just finished wave 4 up after wave 3 bottomed. This might be a 5 wave move on the hourly?

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

It ain't always this clear.

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

You and I are senior members. I posted that for newbies. Their biggest mistake is exiting a winning position too soon. I take partial profits manually and move the stop loss to trail the trend i am riding. But I know pretty much where my target is ...

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

i am with you on that....Good advice.

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

I use them because i am away from the pc a lot fishing or gardening.

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

a seasoned trader places exit strategies when he opens the trade. That is insurance against what happened to you with freeze up. tp's and sl's in place from the beginning.

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

You da MAN Q! IF wave 3 equals 384 pips of wave 1, then the minimun downside target would be 145.41 or so.

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

retrace and retest of the brown 55 sma breakout.....Moms told me before it happened.

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