no up. just posted a new low for the day, after london close.

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

we had a nice run down, i took half of my profits @ 140.something, and now waiting to see if there are signs of bottoming. london closed = 137.30; i would say we have a temporary bottom in place. until this level is broken, expect a potential ...

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

right on the spot.

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

or, like me... noob traders... once i see a confirmation for short, i jump in - no matter if here, 142 or 142.50.

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

read my post again. we ARE in downtrend, and we will stay in downtrend UNTIL we get a daily close ABOVE last weekly close - whenever that may be. for this week, last weekly close = 143.25... but for next week, who knows.

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

142.82 is where london closed yesterday. i am curious to see what's going on in this area, if they push it back up then i would think our dip is over.

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

we had a daily close below 143.25, which means that bias is clearly bearish for now - in the short term (daily chart). resistance is... obviously... 143.25. don't even think about going long if price doesn't break this area to the upside. now going ...

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

flag. btw... i just love those notes from your chart - "main move of the... is DOWN" ... day, week, month, year... lol. you short already or what...?

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

vwap configuration - purple, daily; orange, weekly; and light green, monthly. see what happened at previous tests of monthly (green) vwap. price tried to break it, and went about 100-140 pips below, then bounced back. this would be the third test, ...

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

very nice , thanks! overall, same view here as well...

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

for now, you only need to watch two things: - first, most important, where you move your SL to secure shorts... as i said, resistance above is 143.25, and then 144.09/143.75 (but moving down slowly). for now, IF we manage to go above 143.25 and get ...

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

yes, 143.25 is strong support and if broken should turn into strong resistance. keep an eye on what's happening here. we have a break but it is not convincing at the moment. resistance is sitting @ yesterday's close area - 144.09 - and daily vwap - ...

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

mhm... what's up... ?

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

slow motion? check this out. funny...?!?!??

EURUSD

not much i can say, today was like a storm in a glass of water. tests of both support and resistance... last month closed @ 143.25, which will be an important level to watch in the future. i would like to see a daily close on one side of this level ...

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

i think he meant to say that the books were in fact already gone BEFORE he started writing. or wait, could it be before he even thought about writing it?

Could 10:1 be the new leverage in US Forex?

the week closed on Friday @ NY close. if there is a gap, it is the new weekly open. doesn't change the main bias, look on higher timeframes for direction.

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

my current view on g-j. - long term, still trading inside a downward channel with upper limit @ 150 area. - medium term, trading inside an upward smaller channel and as long as lower limit will hold we are in "buy the dips" mode. a new monthly close ...

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

i am waiting for today's close - so far bias is still bearish, i still didn't see a daily close above 144.45 (last week close) and now price is also below yesterday's close.

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

hey what's up? i hope everything is going well for you.

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