I bought the retrace on aud/usd, took profit and sold it at .9380

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

on my oanda i use 5/8 ema cross. It is nearly the same as 5 sma high/low cross on my IBFX

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

the 23 fib and daily 5sma low is sitting around 1.5450 area, so why buy at resistance?

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

i wont buy eur/usd unless it is cheap enough, like the trendline at 1.5380 or the double bottom at 1.5360

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

My new daily candle and moms are not exactly bullish for eur/usd. The previous daily candle looks like a bearish engulfing candle with a lower close. Price has been rejected at the 23 fib so far. 1c mom is testing 100.

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

no, that's Avon calling

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

yeah, but they look like silicon

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

that is music to my ears....

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

That damn Mercury is such a troublemaker. Let's all sing Kumbaya in a circle around your anus. kidding

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

my 20:00 GMT 4 hour moms are turning bearish. All 4 moms are agreeing and are pointing down. I get a new 4 hour candle at 0 gmt

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

are you using charts to back this up?

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

Whichever way she breaks out will be violent and volatile. Geppy is known for head fakes. I have both sides covered, so i dont care which way she breaks. But my lastest 4 hour moms are turning a bit bearish.

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

Large sma's and fibs edit: and trendlines and swing highs/lows

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

My zigzag indicator is showing the 3rd wave up from 192 on the daily. I am looking for a corrective wave 4 down to make a higher low around 205 at some point.

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

yep. 205.70 on my charts. Close enough.

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

I added some fibs to show the downside targets. Notice how the sma's coincide with the fibs.

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

It will take a very strong push to break 209 to the downside but the stops triggered by that move will take it to the brown 55 sma at 207.70 area on the four hour chart and possibly the cluster of sma's sitting at 205.75 area in a very short time.

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

and Geppy pays a very nice swap as long as BOE is on hold or raises rates.

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

because Geppy gives an opportunity for 500 to 1,000 pip move in a very short time. Not so for other pairs.

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

I have a sell order sitting below the red horizontal line marking a previous swing high from may 29. 208.85 area.

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