Auslanco - GBP/JPY and GBP/USD (newstrade)
im confuse here..are we going to short..or to go long? somebody help pls 
..btw..not having a position is a position..time for some sleep 
actually Karmo is quite right - the pattern is very Bullish!
The daily looks very bearish and price is trading under the 1hr and 4hr hi/low gann.
UJ can't mount price back above 103 area. . . All of this spells sell FOR NOW. . .
the worst thing happened to me. I opened a Position on Gold around 976 USD , and then I selected 986 USD as TP and I did not set SL..... so what happened , a Record low on Gold happened Today but..... My GJ Sell worked around 150 Pips... : as I said before , this market just collapse.... donot trust bullish patterns now....no good news on Credit market.
for those trading gold along side...it took a major deflection fro 984.94 and currently have made a double bottom at 978area...i see it re-testing 984.94 so i shoted it from the bounce at 978 and targeting at least 985..though i see it going all the way to 1000..
i recommend if anyone who's going long should be able to take 400 pip drawdown then he/she will be good.
attached to that bit of counsel.Depends on if you are trading intraday, scalping or trading long term. . .
For example, some trade at the swing lows and hold until their position either appreciates in value or get stopped out collecting interest on the way on a buy. . .
Now, I think price will consolidate here and could migrate back down to 203.40/50 area short-term. . . As stated before, unless we gets some bad news to give it the momentum to break thru daily/weekly/monthly support ar'd the 203.40 area I don't see going below there just yet. . .
Therefore, one could wait until this down move exhaust to extremely OS on the LTF 1hr/4hr and enter long for a ride up to at least daily r1 @ 206.40 area. . .
Okay, here is a naked chart for u with one indicator, a few SMA's/EMA's and hi/lo gann. . .
1st the ZL Stoch - Notice that price has not be able to get above the 50 line since price has dropped from 205.70 area. It's be ranging from below 50 to zero. . .
Now look at the 21 day EMA, notice how price has not had a 1hr close above it over the last 24 hrs. . . If you look closer you can see 204.70 is the next target and guess what if I see it fail it's a sell on that rally. . .
Now here is a nugget for most newbies out there. . .
Whenever I see the 5SMA cross the 21 day EMA and both cross the gann hi/lo - it's a safe trigger to buy or sell. . .
Study the chart you can see it for yourself. . . Lots of good information on this naked chart!
Some people see the glass half full some see it half empty!
i recommend if anyone who's going long should be able to take 400 pip drawdown then he/she will be good.
Depends on if you are trading intraday, scalping or trading long term. . .
For example, some trade at the swing lows and hold until their position either appreciates in value or get stopped out collecting interest on the way on a buy. . .
Now, I think price will consolidate here and could migrate back down to 203.40/50 area short-term. . . As stated before, unless we gets some bad news to give it the momentum to break thru daily/weekly/monthly support ar'd the 203.40 area I don't see it going below there just yet. . .
Therefore, one could wait until this down move exhaust to extremely OS on the LTF 1hr/4hr and enter long for a ride up to at least daily r1 @ 206.40 area. . .
Mr K...! No u don!.
For ur knowledge I'm not a noob. I joined this forum b'fore u, my number of posts is less 'an urs and it simply means very well that I read more pages (than the number post of braggin) than u ever read on this board
Keep ur shit to urself.
QC an the gang is doin better than u and all those who gave birth to this thread
Dont take ur stupid pot shots at me Mister, i dont need ur long and short
keep em to urself!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
