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GBP/AUD

Quoting Pip-Miner
{quote} Been trading this a while the retraces on this thing are lethal people will be getting out soon this thing moves lol.
I second that
Nobody ever went broke closing a trade in profit
Quoting gp00053
{quote} I second that
it can go down as low as 1.89, I would not be catching buy right now. We will see today how much damage did Boris to pound
Quoting Pip-Miner
{quote} Been trading this a while the retraces on this thing are lethal people will be getting out soon this thing moves lol.
hello all...miner where you at? still catching pips till you retire....man back in jan i said this thing could see 8800 before we moved up...hope all been gettin mad pips.....
I'm not a "Businessman" I'm a "Business-man"!! Jay-Z
been scalping it tonight, 1 min charts, fun. Getting close to doubling the account. trading 1 micro at a time
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"You know what needs to be addressed , completely completely reverse that".
Quoting gomab11
{quote} hello all...miner where you at? still catching pips till you retire....man back in jan i said this thing could see 8800 before we moved up...hope all been gettin mad pips.....
hey gomab , been a while im still at it . been shorting crap out of this and gbpjpy lately. you always correct with that wave theory stuff. im part of a new crew now on here now welcome join us
Quoting Pip-Miner
{quote} hey gomab , been a while im still at it . been shorting crap out of this and gbpjpy lately. you always correct with that wave theory stuff. im part of a new crew now on here now welcome join us
cool....ill b in an out trying to get somethings set up in other business....sounds good tho....g/j also they both been treating you well...
I'm not a "Businessman" I'm a "Business-man"!! Jay-Z
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From my blog:

Bounce due in gbpaud?
The weekly chart shows GBPAUD's decline since August last year. It's just popped out of oversold on RSI, and there's hidden bullish divergence too. Time for a retrace to previous S/R at about 1.9100?
1.8850 , good to see audgbp trader here , welcome
Quoting Pip-Miner
1.8850 , good to see audgbp trader here , welcome
Nailed to the pip..
any news about this pair?
Short swings on daily, short 1 hour intra. I think the move here is short til June. Just my opinion.
Nobody ever went broke closing a trade in profit
GA seems to be winding up for a nice run back to 9260 area.
Daily break north will help confirm
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Come with me if you want to live....
nice bullish candle off weekly reaction zone
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Come with me if you want to live....
buy zone I think for great risk reward

Nice 4hr bullish acceleration candles here
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Come with me if you want to live....
Quoting Ill-b-back
buy zone I think for great risk reward Nice 4hr bullish acceleration candles here {image} {image}
Was also looking at the chart, looking to buy 1,853 and 1,856. Like you said looking at the weekly could be at least a 500-pip move. GU looks on the upmove and AU down. So looking hard to buy there.

I am also gonna look at GN. Had 2 entries at 2,377 but chickened out because I was overleveraged and closed at BE, big move missed there. Will be looking at 2,075 or 2,085 to buy. Weekly chart is even more clear, inverted hammer followed by strong green candle. Could develop in a huge move next week, especially with the NZ rate decision. Problem with the rate decision are the huge spikes, very risky to hold into the event.

Thanks for the nice charts!
same deal on GBP NZD even more potential even stronger week candle. We are going for the gap fill @ 1600 area +500 points from now.
The only problem as always is with GAU and GNZ is where do you put your SL and can your account withstand the wild swings here. )))
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Quoting ceetee
{quote} Was also looking at the chart, looking to buy 1,853 and 1,856. Like you said looking at the weekly could be at least a 500-pip move. GU looks on the upmove and AU down. So looking hard to buy there. I am also gonna look at GN. Had 2 entries at 2,377 but chickened out because I was overleveraged and closed at BE, big move missed there. Will be looking at 2,075 or 2,085 to buy. Weekly chart is even more clear, inverted hammer followed by strong green candle. Could develop in a huge move next week, especially with the NZ rate decision. Problem...
Pleasure, thanks ceetee
the majors are going to really start moving soon, AU, NZ GU EU UJ approaching major turning points.
GN is way to crazy for me to touch
I think GY could range here for a bit between support/resistance, bounce down off the channel retest to retest the broken ascending daily TL
I think there's alot of pips to male this week. easy 100 or so shorting EU, heaps on UJ, 100+ shorting AU etc

I'm off to bed, all the best
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Come with me if you want to live....
still R/R 1 to 5 is decent. on 100K 4K upside. there is risk in here, but for the most part I see NU straight down while GU initially will push higher and then reverse.
The key is timing here. I think going in long with SL less than 100 pips just don't make sense here.
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GNZ is a typical trader vic 2b trade setup on daily
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