Looks like a good target, with 1 hr and 30 min 5SMA's in that neighborhood. Are you using a fibo instead?

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

Hope you got a good price for your used dumpster. Did you use a realtor? Ron

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

I'll be playing the range from 232 to 234. Short at the top, then long at the bottom. But if a breakout occurs or we get some strong technical indicators, I'll go with the flow. Ron image

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

Hopefully he has a hedging strategy . . . Ron image

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

Hello limcs! I hope all your trades either increase your wealth or your wisdom! Ron image

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

So if you're using CMS like I do, it's the equivalent of a statistical sampling (more or less). Ron

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

Gottcha. Thanks for the clarification.

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

I think I'll go short . . .

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

No kidding? Then our volume indicators don't really show the amount of currency trading going on at that time. I'll be darned . . . another misconception exposed. Another illusion goes "poof".

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

Stop hunting is a real trade, or a set of trades. Therefore it would cover all charts. If I understand things correctly.

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

Hmmm . . .

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

Well that sucks. I was thinking it might be the big banks or something, but couldn't think of a good motivation for it. Ron

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

That's the second time recently I've heard the term "stop hunting". I can understand what it means by the words and the context. But why does this happen? What would be some of the goals or motivations for taking them out? It would help me ...

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

I wonder why things have turned bullish? It's hard for me to believe Australian news is causing this. The timing is there, but it wouldn't have this large an impact. Ron

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

Just high enough to hit my stop loss. Ron image

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

All fine here. You could always try the old standby and reboot. Sometimes that clears up weird problems. Ron

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

That's how I see things too! Ron image

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

I'd rather be following short signals right now . . . Ron

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

If I see things correctly, this last 15 min trade hit stop loss a few minutes ago.

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

Luckily I'm only using demo for this. I will close the position if it goes much below the 4H 5SMA. But you never know . . . maybe price will test the daily high first. One positive to come out of it was clarification about SL and TP. I wasn't ...

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