I'm not entering any trade until my 4h candle closes (2hrs 6mins to go), most possible i'll go short and grab some pips on the retrace to 242.75 where I have 2 fibs overlapping at the moment

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

Auslanco, you are staying here and not leaving us my friend, ok? good Merlin, Thank you Enough talking ladies and gentlemen, I want more green pips and I'm sure that's what everyone else wants too... Let's get crackin

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

I'm going to university again , but whoever is long watchout.. this beast has to retrace and it will

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

don't burn your fingers

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

whenever GU goes up, soros comes out yelling "LONG CABLE LONG" lol

Cable Update (GBPUSD)

I think this would be the max for today

Cable Update (GBPUSD)

max 243.11 for now

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

UJ is trying to pull GJ down, but GU is holding GJ cmon GU quit it n be nice head south lol

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

1hr candle couldn't close above 242.70, retracement is on

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

High 251.07 Low 237.58 Fibo level 38.2% (242.70)

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

I don't know, for me after a price has done some extensive moves (like today upwards), when price stalls somewhere, finds resistance and cant break it.. thats a sign of retracement.. plus 242.70 was my tp and a fibo line, so to me it makes sense but ...

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

retracement will kick in soon

Cable Update (GBPUSD)

It hasn't started but it may very soon, I just closed my long and took profit.. I'm satisfied and not being greedy

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

The same thing Auslanco uses, 5SMA 1H chart.. wait till price reaches there and then long again if 4h shows good uptrend strength It's always nice to make profit , but it's risky since we don't know how much will it retrace.. usually its the 5SMA ...

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

I closed my long, will wait for retracement

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

I'm here for 3 hours, then I have class.. Let's watch this trade for now, my TP is 242.70

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

Patience

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

A breakout soon, but which way? Up? image

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

I still have my earlier long (the one I opened @ 241.10), just added another one now

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

That was a nice scalp down, i'll wait for my 4h candle to close, this thing can go either way so becareful

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