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

Ugly chart, feasible option, at least as a retest; need to though see UJ sail past 90.678.

Interesting had to put my shades on though..
good luck
Dean

glad i was buying just closed all my buys and countng the pips ....


this is why it is imporant to trade what you see so many here saying sell sell sell 132 on way. maybe now i would sell for fast 25 pips but im done for the day

Exactly..good for you

I closed out with 55 more pips do not want to carry through the news..but I switched from GY to EY ealier.
Dean

It's like staring into the sun

not sure

took sell from 135.86 ( R1 )

small lot so no risk hoping for 40 pips

Hmm ... time to go short somewhere here for a good R/R scalp? (Will try for 135.8) We're 100/120/180 pips up on the day, depending on where you start counting; 120 is a good session move for GY, but not one we've seen lately.

caution for shorts - it not confirmed. first support is @ 135.60 area (+/-10pips), and daily support is @ 135.01.
even if 135.60 is broken, there is daily support... i would not go short atm.

Well, I think I've bought enough into GY and GU now.
What I want now is just walk away from my computer and be back as soon as GY = 140 and GU = 1.53.

Can someone call me when that happens?

Shamu

I am rooted for you my ea needs a 40 pip retace to close out the trades we have gone quit a bit without a retrace..
Dean

like i said, 136 then to 132

Thanks - appreciate you listing the values from your perspective - I've pretty much got the same in mind. I do OK at top/bottom picking from an M5 chart, and usually will bail if it goes 10-15 pips in the wrong direction, but then target at least as much but usually 30-40 pips in the other direction. Since I had cold feet getting in for long (OK, should have earlier this AM, 100 pips ago!), at least I can get some of the ride this way. Also, I find that we're at the point where usually the day's moves are done (before noon NY time), esp. is the indexes are not showing much direction or enthusiasm, volume usually falls off, so it may be retrace time. GL to us all!

EDIT: 8 min old: US stocks are not doing much of anything and this threatens to curtail the rally in FX risk trades, namely long JPY-crosses...USD/JPY was effectively contained by the daily Ichimoku cloud top at 90.84 and EUR/USD stalled at trend line resistance from recent highs. This has led to a stall in EUR/JPY at 124.00, but if the components grind back to those highs together, there may be scope to 124.25. But unless stocks extend their gains, a stall may be building in the JPY-crosses.

EDIT2: Out for 28 pips. Going long from 135.5 for a retrace.
EDIT3: Bailing on the retrace up, - not looking good, meaning, she may be heading down, which is my bias.

I'm with ya, but I don't want to walk away because I'd like to keep adding on any dips

Hard to say with the London close coming up..
It will probably have a big pause and the waiting game will begin.
Dean

Very very very risky to short now. Look at ES. Testing the highs now. If we get a high vol push through, the Yen pairs will sail.

it is just clear that it is going to 132, then again back to 137 , then down to 130, then to 139 then the final down move. Easy

well i got another 40 pips thats it now till london tomorrow been good day with over 200 pips closed good luck all hope you have great trades

absolutely no risk at going short. This is too easy!!

there is always risk this is one of the first lessons you should learn in forex.