Good decision Malcomb But i think a little bit below 209.26 for a sell is safer.

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

Tomorrow is freaky friday the 13th. I expect to see some short covering and profit taking on all the pairs that had big runs this week, because they may not want to carry positions over the weekend. Tonight is friday on the asian session.

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

There must a trillion or so dollars holding a long position from below 192 from years ago, The risk aversion caused the long positions to bail out and take profits to cover their other losses. There is NO risk aversion at this time. YET. If risk ...

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

lol. For now, and until this situation changes just place buy orders around 209 until it breaks, and collect the swap.

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

The monthly and weekly charts are telling us that 213 is the line drawn in the sand by the bears. Watch for a massive counter attack to collect the stop losses of late entry bulls.

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

Try to use logic in your trading. Why sell against an uptrend? Geppy has a large spread and large negative swap for a short position. Try to find out why Geppy is doing what she is doing. There are a shitload of sell orders sitting at resistance. ...

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

Of course. What fool buys at that level? They are buying hard at 209ish.

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

211 on geppy is strong resistance. It takes multiple attempts to break strong support/resistance. It will be broken eventually. Each attempt upward is absorbing the sell orders of those bears who are defending their positions. Sooner or later one ...

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

it is the middle. i am standing aside until 209ish or 213 ish.

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

I just gave 4 set ups. Do yourself a favor: Open a demo and try them. See if they aren't good for a quick 400 pips or so.

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

ty for that info.

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

1st rule of my strategy: Buy it cheap and sell it high. Stay out of the middle.

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

That is a flag pattern. Continuation up.

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

Excellent attitude, Tia. Dont let your emotions and bias get in the way of your trading signals. Trade what you see and not what you think. Aus has a good system.

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

my Geppy set up: Sell order sitting at white trendline, red200 sma, and red horizontal line previous swing high. Cluster resistance should be good for a bounce down on the first attempt. 1st Target is daily 5 sma high.

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

yes, but he got a buy signal.....

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

Geppy is trending up.

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

Trade what you see and forget what others say.

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

usd/jpy set up is opposite. Sell order sitting previous swing high at 108.60. Should be good for a bounce back to red 200 sma at 106.90 area, which is cluster support with 5 sma high, and red 200 sma. Low risk, good reward. No need to sit at the pc ...

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

here is my set up for Cable. I have buy order sitting at the triple bottom. Upside target is the previous swng low and 23 fib. Tight stop and low risk.

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