Be careful with those longs...I got burnt earlier looking for a retrace and to be honest since the 130.50's were broke we have a high probability to go to at least 128.70's for next major support level...we'll see if the 5min retrace holds or if ...

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

Its goin... — Horrible! I've lost about $300 bucks 3 long positions(i trade mini's) i took around 132 because I was looking for the retracement. It didnt happen so I had to take the lose. Since then up about 60 pips on the short side of things ...

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

Greetings — I'm a newbie here to...WELCOME and HAPPY NEW YEAR

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

What new low do you guesstimate...by your chart setup 127's?

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

Im hedged for my longs and already tp on 2 orders going short +12 +51. I'm hedging my longs at -290 locked in because I think the bottom of 130 may bounce us for a much needed retrace...but what do i know..

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

Logical...whats logical about a 900 pip drop without a retrace...but i guess thats the beast for you...gotta have a retrace soon though.

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

Gulp — I was building long positions for a retrace from the 132 range...holding my breath now because its not looking like it wants to go anywhere but down...of course we still have 2 hours before it takes a big dump so lets hope for a little ...

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

OSMA is something like Oscillating slow moving average. The indicator for it can be found at: url look for OSMA.mq4 Haven't used the indicator so not very familiar just kinda checked it out once.

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

Heading Up — Im going with a Gbp/Jpy Buy right now... It will take route with EJ soon. GJ hit resistence on the way up next at 137.29. EJ resistance next at 128.10

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

70 to 150 pip stop depending on how strong a trend. I usually move to break even around 70pips to play it safe...sometimes I miss out but I also dont get hit with huge losses...

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

Curious market. Seems not to want 2 break...may be signal of a trend reversal.

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

Im holding till 140..

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

I am wondering why people think this may go to 125...I think we will be lucky if we get past the 140ish area?

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

My chart setup for this current trade — image Trying to get this image to show up?...how do u do it?

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

On the next dump down we will likely see the next consolidation at the support around 151.64, I close my second position there, if that break then i looking for 148ish for my last target.

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

Bye Bye im closing 1 of 3 positoins for 70pips.

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

In my opinion I think it will break 154.00 level here in this next drop very shortly and then we can wave goodbye...

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

154.71 short — missed a good entry at 155.11 now enter 154.71

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

Stopped out at BE 155.06 waiting for another good entry point for short...

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

Sorry i meant support...

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