It is a logical buy area. Just keep placing them again and again until you get a break up if it is coming. Low risk/high reward.

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

nice analysis as usual

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

part of the reason for the tight range on Geppy is really big options being defended. When they expire, things will change.

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

Wise move to be long and short at those levels. 209 was hammered bigtime twice on the move up. The sell orders there finally got absorbed it should be strong support building there.

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

usd/jpy is approaching my sell zone above 108

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

Thank you Sharoodi and Piters. I never asked for it, but it is appreciated...

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

The monthly and weekly chart will tell you where the pair has been, where it is now, and where it wants to go.

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

Trading short time frames for Geppy is casino odds and gambling. The big boys will eat your stop losses.

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

Daily Geppy chart trendline has not been broken.

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

Is that the hourly chart? If so, it means nothing.

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

A tight range means a break out is coming. The charts tell us the breakout up will be a head fake, then probably a good drop from 213.

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

What we think does not matter. What do see on your charts? The buyers are bigger than sellers for now. That is why she is inching upwards. She would be falling if the opposite were true.

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

Yes I am buying dips on geppy. i collected the triple swap yesterday. Then exited with a small profit and the swap at 210.13. Look at this weekly chart for Geppy. She has breached the green 250 sma and is trading above the weekly 5 sma high. Moms ...

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

i exited my short eur/usd at this white trendline. A patient trader will wait for a set up in his favor. Patience is not holding a losing position, hoping it will turn around. It is standing aside until you get a signal.

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

I rode the aud/usd, eur/usd/ and gbp/usd most of the week, because the longer term charts told us it was coming. Expect profit taking at some point. Still more downside on aud/usd to .9290 is possible, as well as a double bottom on eur/usd.

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

It dont matter. just do what they do. If they are buying dips, then do the same. Do like the big boys do. I did buy the last dip before triple swap yesterday and exited with a small profit and swap.

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

I am still standing aside on all pairs at the moment. I expect profit taking friday, as we saw yesterday. That is why I posted to sell yesterday's rally.

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

Some big money is buying every dip in the Geppy. They are building a base to push it up to their sell levels.

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

If the weekly 5 sma lows hold, the uptrends will resume. But the Market Sentiment and dynamics are different for now than it was before. The USD was way undervalued. The market will seek equilibrium.

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

I understand. I often place a small tester position also.

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