Looks like we're having a one hour 5SMA retrace.

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

hahaha . . . No pips yet today, but at least I've had one good laugh now! Ron

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

For some reason the phase, "What came first, the chicken of the egg?" just came to mind. But regardless, it's too late for this to happen anyhow.

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

It appears to me, that if price retraces within the next half hour to around the 4H 5SMA, the 4H candle would close as a great big friggin' gravestone doji.

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

I hope we get back in that mode soon. Otherwise I'll probably go watch TV for a couple hours. It beats watching candles form.

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

Heavy like wanting to fall through, or heavy like slow moving?

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

Interesting. I share most of those views. By the way, is this a good example of the "martingale" method, which I hadn't heard of before (I just googled it): url

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

How would you sum up the ideal psychological state for a trader?

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

Hang in there . . . lots of good stuff coming later! Ron

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

Whew! I'm showing 229.26 at the moment. I wonder if my 229.40 SL will hold, LOL . . .

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

I'll close down my VT and restart it. It might be missing data from earlier.

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

You might have yours set up as EMA instead of SMA . . .

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

See you there! But it looks like it will be after a retrace. 30 min 5 SMA = 228.75 1 hour 5 SMA = 229.06 4 hour 5 SMA = 229.24

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

Excellent call!

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

Hi Karmo. Is this from the 4 hr chart?

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

I don't think it was the Dow. See post #27858. Price broke some kind of support.

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

I got in at 229.67, and out at 228.90. A sweet 77 pips breakfast!

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

We love Auslanco!!!

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

Thanks. Kind of a mixed bag, but mostly good!

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