No my friend it is called a "Bull Trap"

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

4HR/1Hr Strategy — GodfreyH My view is as follows: Looking at the 4HR/1HR strategy I would say no to the ideal set up for 4hr/1hr strategy. The reasons are as follows (1) Price Bars on both 4hr and 1hr are not fresh crosses on Gann. Price has ...

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

Hi Welcome. Here is a good place to start. url sw

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

Quecee5 — This is what I see on the daily chart 5SMA Line cross 21 day EMA Line and both cross GANN HI/LO....which means sell trigger around Feb 29 at price range 210.85 -210.95. Therefore, the max this retracement can reach is no more than ...

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

Quecee5 — quecee5 Hi. At around 10AM EST time today you made the above statement...and my goodness look at where price closed...on my platform exactly 205.30. What exactly gave you such an indication? Thanks. sw

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

Thank you for the clarification. During London session short was triggered at 207.37, and yes it did retrace to open low and then went all the way down to 205.95 (not too bumpy of a ride) Thank you for sharing your knowledge. sw

GBPJPY scalpers

Goodmorning Malcolmb14 — Today I will play the open rnage brsakout of the pair as it seems to be stuck in a range right now 207 to 205.8. If the dwo drops we could break 205.8 to the downside. malcolmb14 Goodmorning. I have a question ...

GBPJPY scalpers

malcolmb14 Your system is definately worth learning . Thank you for sharing how a trader can determine a good entry point. Definately entry point with RSI 14 is better that entry point with cross of 50 SMA, since it gets you in the market ...

GBPJPY scalpers

Hi Regarding the short trigger is entry point 15 pips below the low or 15 pips below the high of the trigger bar. Thanks. sw

GBPJPY scalpers

Thank you Pips Cruiser. sw

GBP/JPY for QQE Traders!

Hi Can you please let me know where I can get the attachment with pivot and support and resistance levels. I use VT for my charts and I do change the pivots per session as per Aus system. I prefer to have the levels shown as your attachment shows ...

GBP/JPY for QQE Traders!

Aus Just so I understand a little better about this strategy. When you say "15 min Long signal UP TO 5sma High" are you saying that your TP is the high of the daily bar. For example today daily bar had a high of 239.61 so is that the TP. Thank you. ...

Daily/Intraday Momentum Analysis

Thank you. Much appreciated. sw

Breeze....Update on GBP/JPY

Karmo What chart do you look at for reversal? The 15 min. Thanks. sw

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

Karmo 4HR 50% retract would be 235.70 area which would be the retract from 241.25. Is this where you see this heading? Thanks. sw

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

MoForce What name indicator(s) do you use to get the support and resistant numbers? I use VT for my charts and when I hit the support and resistant indicator I do not get the prices. Also the High/Low/Close do you just take that of the Chart and the ...

Breeze....Update on GBP/JPY

We already went down to 237.60-70 area. Are you saying down again? sw

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

Hi Hakuna Matata I sent you a PM yesterday regarding the DOW graph you showed on the thread. It did not have anything to do with trading strategy so I decided to PM you instead. When you get some time can you kindly answer me. Thank you. sw

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

Can you please tell me where you got "almost sure" of a 0.25% fed rate cut. Did any of the "voting" fed members say such or hint to such or is it just the popular opinion? sw

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

I'm just pointing this out to let you know that it is the market that is consolidating and getting ready for its next move, it's not you who is screwed up. This week especially with its tighter range has been a test of the disciplined trader's ...

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