The WoRmHoLe

Final position stopped. Top reversal played out as expected. Damn I love trading dragon lol.

GBP JPY

1. long @157.22 stopped @157.30

Will look for the m30 trigger to short or long back on the bounce.

Taking a small position on the ltl break. (0.2)

GBP JPY

1. short @157.38 sl @158.25

Good luck

Well Azim I woke up to same price that I went to sleep ,my logic was that by the end of this quoter the price would go up ,but today is Friday and the week started lower.....Well it didn't work that way,will see whats next.Look where price was in march somebody making good money

I think i should spend more time into this threat..at least learn n share something ....

Welcome rashid
You're a model student in my books my friend. I truly rate you for what you had learned and applied from Auslanco's methods & it'll be an honour to have you share your thoughts & analysis with us.

Ok Back to business

Weekly :-

1. GU still have a room to complete his 50% weekly @ 1.6810 area, how ever when look at the 2 undesicion bar, possibility ranging will continue till the middle of next week is there. But i have strong feeling she may make a turning point to test @ 38.2% ~1.6050 area by end of next week....maybe...I stress here maybe...
2. However if next week close below 1.59 area..mm step by step dropping to test 1.5075 @ 23.6% also look possible...but i believe in August or almost end of July..if she failed at this 50% area and next week close below 38.2%...
3. Weekly buyer look in reducing trend (as per my red line below chart) and how about seller ? My answer is let take a look how Monday London bring us some clue...

Daily :-

1. Look like 1.6635 is the top and 38.2% @ 1.6050 seem almost clear for his way as she formed so many resistance at 1.65 area for almost 2 week.
2. Neverthless if she break 1.6635 and daily close above this area...then 50% weekly to complete his journey for north also possible...
3. Am predicting PA may play around in the blue box, unles break she must going to next move of yellow box where we need to watch which TL need to break. UTL or LTL.
4. 1.6150 @ daily 38.2% (1.4387-1.6635) seem to the trial next week....but since weekly/Daily/Monthly all in above Gann where we still in the bullish mode
5. Otherwise if she break she will going to test at 38.2% weekly where the gann may flip and tank ~300-700pips down to 1.5260-1.6050 (between daily 61.8%- 23.6% weekly)
6. But for me if she break 1.58@ daily 38.2% 500pips hard tank possible as there are no retracement between that area...so daily 61.8% @ 1.5250 is the test then bounce between this area and 23.6% weekly (1.5250-1.5050.

H4 :-

1. Green line expecting to be the ranging till mid of next week. Otherwise she will go as what I mentioned in Weekly and daily analysis as per above mentioned.
2. If price break 1.630 gann may flip and 100-130 pips from there are possibly if she still in ranging mode...unless she decide where she wanna go...but stoc look almost OB and perhaps Next Monday will open gap ~ 20-30pips up back t0 1.6540/50 area to complete his OB...

So any comment is welcome in order to me to learn and improve too...Good luck and happy trading.

P/S : I may continue my resting day until i smell something is clear to do so...so am rest bias GU atm and just wanna see my GY @ 155.50-150.50 step by step pit stop to be hit

HMM.MY PIPS ARE IN TROUBLE..HOLLA
CAPTAIN Sycho..

Trade is still running & position remains unchanged.

mm..rileks..it will come soon bro....anyway why u r putting MJ pic in ur profile..still under mourn ?mm

Nothing has changed. Cable's still trading in this unbelievable range, except that it's getting very narrow by the day. Way too narrow as a matter of fact to call a direction. Based on the h4 pa right now, it does look like we're heading towards 6390 ltl support level. Wisest thing to do is to wait for the breakout. Unless of course if scalping

Earlier chart : http://www.forexfactory.com/showpost...postcount=1517

Dragon currently is also trapped in a complicated range of its own. As it is atm, if the utl holds, I will leave my short position open, and if it close above I will manually close the position.

The utl holds. No change in trade for now.

Previous h4 had closed failing to breach the 6555 utl resistance. Down back to 6390 ltl still looks the likely target since there isn't much data to be released today that could help push cable for a breakout in either direction. Anyway judging by how this pair had been pinging in between the utl & ltl for the past 3 weeks, I suppose shorting from here offers better risk reward. Could be wrong.

Good luck

Trade ended with a slight loss.

GBP JPY

1. short @157.38 stopped @158.25

Short position taken at the daily resistance.

GBP JPY

1. short @159.07 sl @160.45

Okay. Be back London session. Gnite.

GBP USD

1. short @6569 sl @6605

This was a poor decision from me. Bad trading.

GBP USD

1.short @6569 stopped @6605

I'm shorting this right at the monthly resistance. I'll go long if price close above, till that happens shorting from here offers better risk reward imho.


GBP USD

1. short @6648 sl @6700

Good luck

Well that didn't went too well. Third straight loss of the week ... not good.

GBP USD

1. short @6648 stopped @6700

Well, guess I'll just wait to see if price can close above the monthly resistance before I go long.

Scary pa. Saving position.

GBP JPY

1. short @159.07 sl @159.00