Cheeky Monkeys!!

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

Hey, that was me but my MT4 cycles had the weekend factored into it, so it will push it out 2 days and might be Wednesday now! Stay tuned.

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

Look at my chart. It bounced straight off my 88.6 level. I am confident it will stay above that before close.

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

I'd be surprised if it goes any lower. It hit a nice support level. I have to admit that I've been watching the charts on my new (live) MT4 account and unfortunately it doesn't have DOW. Just before Guppy close, all of the shorts could panic and ...

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

I was intending to keep my long open over the weekend, but it could reach my TP (235.19) before close. I was wanting to collect some interest! If the resistance level at 234.8 breaks soon, then there is a real possibility my TP will be reached ...

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

Thanks M2B. Looking at your chart, I take comfort at setting my TP at 235.19. I'll then set up for a few short scalps.

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

That reminds me of a comment I made yesterday. A journey not suitable for the faint hearted

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

As long as each trade is 1% or 2% of account then there's no problem. If you are underfunded then you may be trading scared, which is not a good position to be in. I'm not saying put all of the funds in your trading account but what funds you may ...

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

Well called Vishal!! I managed to get another nice long entry on that dip!

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

I'm thinking next week at some point. I will have to wait and see what happens to my cycles on the DOW chart as the weekend seems to be factored into it (so pushing it out by two days). Wednesday next week could be it. Just a thought for now - I ...

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

235.5 area is the key resistance for now. If we break that then 238 is next on my plan. That is my reversal area although there is a chance we go to 244 but probably no higher. The problem I have is that a return to 235.5 after it breaks will offer ...

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

I don't know. I'm expecting a thrust upwards and then a big fall. But that's just a technical analysis and my thoughts.

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

I have the fib level at 235.20 but the top of the range is 235.50. That will be a good area to scalp short.

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

We are at the 234.8 resistance level now.

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

You mean next week right?

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

See you next month!

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

There we go. The 6th bounce normally ripens it up.

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

We are just stuck inbetween those lines at the moment and the MAs are keeping price in check. I think we'll have to wait until US data for a break. I've still got room to add so more longs if we go lower. We are ripe for an upward break anyway.

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

These are the resistance levels I see 234.3, 234.8, 235.3 and 235.5

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

235.5 is the top end of the resistance. It's going to be a bumpy ride getting there but that will be a nice 1st target. We should get a fairly big bounce off that level.

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