that's what good traders do... having patience I also have to practice that

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

my entry is 240.88....

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

image image which one ?

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

I consider it broken now... 240.85 It may retrace to test it as support now...

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

sure... but sometimes it bounces at a very exact pip in the trendlines... also.. sometimes trendlines of the Line graph works better, instead of bars with the maximums and minimums wait a close outside the line in which timeframe?

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

trendline nearly broken.... second try..... asian session did a spike crossing the trendline to confuse where is exactly the trendline

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

I think yesterday and the day before... it proved the big support at 239.20 so... I'll be long as soon as the resistance is broken

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

no I think it is like parabolic SAR

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

filled the news gap.. heh

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

I think is london session close... taking some profits

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

ok I understand now... there is a high probability that after news spike, price will resume the trend if it doesn't change the trend.

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

but you mentioned that news trades almost everytime break in the direction of the trend. so why would go up in the news?

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

hi auslanco I think we will be ranging until USD news... how do you see todays news trade in gbpusd?

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

this was my prediction (yellow lines) yesterday.... I hope it can break the trendline now.... i'm out until then...

Daily GBP/JPY analysis

ok... the daily rope was deployed with elasticity.. it means that tomorrow it could be a bearish day... Weekly chart strongly pressed the daily down... but H4 is pushing up... I think if we can break the trendline... it will resume the daily rope .. ...

Spuds Stochastic Thread TRADES Factory

we passed weekly pivot... and now we are in daily pivot... and as the word says... it will pivot and we will be in the up trend...

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

i'm +180 pips going long since i said it here... when auslanco goes from here.. price goes to the other direction.. heh the head and shoulders formation is clear now... I should close short positions.

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

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Spuds Stochastic Thread Theory

header and shoulders formations.. like the one we are having (H4)... is a big signal of the end of the down trend....

Daily GBP/JPY analysis