Auslanco - GBP/JPY and GBP/USD (newstrade)
crazy market ..... one could get whipsawed to death in the asian session so far , rnage is 136 to 136.5 ... very nice for scalpers . RSX is keeping me out of trouble. We may break bottom of range this itme around. i still think test 135.5 is in order ...
Attachment
= lower - uj will tank later on 2nite and so will gu. . .
here is a chart I posted last week and here is that same chart today
http://www.forexfactory.com/attachme...0&d=1235736560
same trading plan and will probably work from it until my target is met then I will re-evaluate. . .
newbies should print out these type of charts and study them if they find them helpful. also study the reason behind the analysis and ask questions if you feel its helpful. many traders on this thread have been here a long time and have been taught by some of the best.
i remember doing that some time around this time last year. lol.
thanks for all the teaching and help you gave me.
u my friend r a stellar trader! -
Hi,
I've just noticed the monthly pivot is at 135.57. The place where price bounced today.
will look to reload on a bounce back up if it happens. . . still holding shorts from 141.30 area waiting for a break of 135.50 area in the upcoming sessions. . .same place I closed shorts taken at 137.50 and 139.39 -
daily chart is showing that a break is forthcoming. . until i see it starting to flatten and/or turn up 133.50 is a viable target! my target will be met when the stoch has touched the 50 line or lower on the daily!. . .
a good sell point looks to be the daily 5 sma located at you guessed it 137.50 area!
short term road map...
same place I closed shorts taken at 137.50 and 139.39 -
daily chart is showing that a break is forthcoming. . until i see it starting to flatten and/or turn up 133.50 is a viable target! my target will be met when the stoch has touched the 50 line or lower on the daily!. . .
a good sell point looks to be the daily 5 sma located at you guessed it 137.50 area!
piters did you ever get your kiss
Would anyone be interested in the development of a trailing stop that trailed by the gann or gann + x pips above /below the gann.
Platonic Love, mate.... Platonic Love...
So close but still far..
We are actualy following the 15 min [50 ema], and any break [close above] will give us a go to retest the break point 137.70.. so far so good...
the only thing now we are facing is that 4h [50 ema] and daily trendline...and probably we will range between: -> great Opportunity for Batmen and his trillion Pips
yep that's possible but weekly could takes weeks if not months to play out. . .
as for taking a position I would wait for a retrace - if it happens to short based on a failed attempt to regain previous support which is currently at 137.50 - 138.19 or so. . . since I'm already positioned up top I'd look for a failure up at the daily 5 sma before attempting more shorts. . . price can spike up esp. in the asian session but at long as it does not close above previous resistance its as if the move never happened. . .
only a close above previous support...
