and stop losses of newbies chasing the move up from from friday. LOL

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

new 4 hour moms... 1 candle mom showing a retrace?

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

New daily candle moms showing divergence. 1 candle mom pointing up and testing the 100 level.

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

4 hour chart shows crossover of the 5 sma open and close to the downside. 1 candle and 5 candle moms crossed below 100.

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

wave 1 = 384 pips from the high of 151.50 to the low of 147.66 wave 2 = 159 up from 147.66 to 149.25 (double top) wave 3 would make a lower low than wave one and may be of equal or greater pip count

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

New weekly moms are showing a pullback coming.

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

If I am using a 15 pip trailing stop loss in addition to a hard stop loss, Then some of my orders that get opened and don't make the tp may close at around the break even point or a small profit. I am think of 50 pip tp's or so. Lots of small orders ...

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

A seasoned Forex trader tends to worry more about risk than profit. If he controls his losses and drawdowns, the profits take care themself.

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

If I guessed correctly, maybe they will add me to the list. heheheehehe

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

I like the odds of it

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

What is your strategy for trading a gap up or a gap down tonite on geppy for the asian open? Wait and watch or go for it?

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

My strategy for this week is build small trailing sell orders below the price with a very tight stop loss. I am thinking about staggering them down with short tp's. This way, a strong move down would trigger them, and If I guess wrong, then I have a ...

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

Well said....

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

Zooming in one click on the monthly chart we can look backwards along the red horizontal trendlines to see a long sideways consolidation from the year 2000 to 2002. A pullback from 1.4950 should be expected.

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

Cable is grinding through resistance but the white 76 fib is in play as an upside target unless Risk aversion returns. Notice the previous month's candle was a 2nd rejection candle and the large wicks on the previous 3 monthly candles indicates ...

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

Keeping it simple again for newbies, Notice how the price is going up to test the upward channel trendline. She will most likely peek up above it to show her future intentions then pull back to test the midway point support area, where I will take ...

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

What do you think Q? I keep it simple for the newbies.

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

Weekly chart shows a close way above the 5 sma channel and the green 22 sma. Expect a pullback to retest the breakout of this area and monitor where the buying interest is residing.

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

Ok, this is what I am seeing, for what that is worth.... This move up on geppy is wave#3 of the correction to the fall from 215. It is a strong move up with a weekly close above the 22 sma. Market Sentiment shifted last week from Doom and Gloom Risk ...

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

At least you made the list. hehehe

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