I went short on the break of 137.50 and set TP @ 136.60. When price was at +45 I moved SL to BE +3. Price eventually retraced and hit the SL. Then I went long at the break of 139.88, price went up to +20 and moved SL to BE +6 which was eventually ...

GBP/JPY London Open trades

Thanks ukdaytrader. If it breaks 142.00, do you think we will see a retrace before price continues to climb?

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

I had a long position this morning at 139.82 from an entry order that was activated while I was sleeping. When I woke up it had been at -40 for a while, so when it got to -14 I closed it. Then after it broke through 140 I went long again at 140.32 ...

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

Hello, how's it going? I'm here to ask your opinion on a pattern. Look at the daily chart and tell me if you see an inverse H-S pattern with a neckline around 136.50. Because if it is one, theory would suggest price should eventually reach 154.00

GBP/JPY London Open trades

I didn't set a TP, I'm trying to catch a big move up. I moved SL to BE +2 however.

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

Im long @ 139.15 with SL @ 138.50. The long position I had at 140.37 closed at +3 while I was sleeping. Now let's see what happens with this one, if the NY session decides to reverse London session's move.

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

I'm currently long @ 140.37 with SL at 140.40. This position was up 100 pips at one point (I was watching TV at that time) before retracing, it's now at around +22. I really don't mind if it closes at +3. I'm not opening another position today, it's ...

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

LMAO.....okay, so I guess I'll wait for a retrace before going long and I'll try to let this one run and see where it gets to. In my last 2 profitable trades I took profit way too early, only to see price move in my direction for another 200 pips. ...

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

patterns — A question on patterns. I haven't really studied them well, but would you say an inversed h/s formed on the daily chart with the neckline being around 136.20? Because if so, theory would suggest price should move up to around 154.00 ...

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

I basically use 2 50 WMAs, one for the high price and one for the low price. If price breaks the High WMA I go long, set SL al Low WMA and the TP varies, usually it's 50 pips; and vice-versa for short positions. I usually do this on the 1H chart. I ...

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

lacking confidence — I'm lacking confidence right now. I got a long signal from my method in the 15M TF (I normally trade my method in the 1H TF) at 139.90 after bouncing off from 139.75 and a bullish engulfing candle in the 5 min chart. It ...

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

This is what I'm seeing....a bounce off the 50% retracement from this afternoon's climb (12:00 pm EST), however it's right in the middle of a channel I drew up, so I was hesitant to go long. Besides, I dont like to trade during the Assian session ...

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

After winning and losing for the last 2-3 weeks, I've decided to go back....back back back....back to the very heart.....back to the very soul....of the trading system/method I began using. Im going to try to figure out Fibs a bit more on the demo ...

GBP/JPY "tunnel" and MM system

Do you think it might break it and fall?

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

Ok....so after regaining consciousness from that vicious knock out provided by Ciara, I can post again. First, let me say I'm sorry for your loss. I hope everything works out fine for you. Second....a $1,500 loss in one session!!! I probably would ...

GBP/JPY London Open trades

TP was activated and closed out the position for a gain of 80 pips.

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

It seems to be having some difficulty breaking through yesterday's range. I've only been trading live for 1 month so I'm tempted to just take my profits now. But I'll try to be patient and see what happens.

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

Yes it did. Im going long at 130.21. Let's see what happens. I'll set SL at 129.20 and TP at 131.00 Edit: I just moved SL to BE +2.

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

Price seems to be bouncing off a lot from the 1H 50 ema. So the big question is it gonna break it and take off or keep bouncing and eventually take a dive?

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

So most people here would say there is a higher probability of price falling rather than climbing? Do you think it will retrace back to 130 before the fall or do you think it has already begun, although without much momentum???

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