Close my trade BE... I will wait for the 8:30am news... The PA on the GU looks real bearish...I will buy on the PB for a better short position..

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

Waiting on London fix at 7am — Another Pin bar... I have my order still in place for a long until my SL is taken out below the Dec.'08 low..

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

15min pin bar — The lower TF don't always playout with the candle patterns.. It needs to break about the gann-hilo DJ future is -68 atm.. RSX is trending upward atm.. Watch and see the PA at 6am... If the low don't hold lookout ...

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

Fed Chairman Bernanke Speaks at 8:00am — It amaze me that Good old Ben will probably try to save the PA from breaking the low this morning... But the Trade Balance is due this morning at 8:30am...( Not good) If the low holds than a retracement ...

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

It looks like the low from Dec'08 will be taken if the TL holds — Both the UJ and GU looks bearish on the higher TF... 50ema crossed down thru the 200ema (bearish) TL trending downward and still holding... RSX trending downward Looks bearish ...

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

Thanks, I caught PA on my 4hr GU chart with the H&S formation.... I posted it in the past..

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

Goodnite bro

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

Is this a bearish divergence? Still learning about this indicators and the setups...

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

I am not a big divergence trader but I follow the charts for the different patterns... I have no debate on this subject because I am still learning about this indicator and setups...I will stick with what makes me the most pips and that is the ...

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

I usually suggest to people to use what makes you comfortable.. Their are many traders that use different indicators and make pips... Trade what makes you firm in your decision...My bias on the trend is one thing that I have most common with other ...

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

Hi malcolmb14, It is true that lower TF divergence setups don't always playout.. Here the 15TF signals I got this morning but I confirmed this signals with other factors for confirmation... I am mainly a swing trade and I saw the GU and UJ in the ...

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

First of all, you need to clean up your chart with least indicators...You will see with some of the the elite traders posting on this board they have fewer indicators...You want to be able to read the charts without spending too much time look at ...

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

Exactly malcolmb..I have a put option on the GU....

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

I left the settings from Godfrey indicator at 10.. So far I used it this morning got a Bearish Divergence on 15TF on GJ ... I made 250 pips ..I made overall 600 pips from my friday open short trade average 137.50.. url

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

I believe GJ will test the lows this week — Look at GU the 4hr and daily chart.. The 4hr GU chart is forming a H & S... Look ready for a drop.. The daily GU chart is in Bearish Divergence Look at the UJ daily chart. Trending downward and ...

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

Lockin profit as you get in profits over 40 pips to prevent a losing trade...

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

Great analysis...

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

UJ and GU looks bearish on the higher TF... I would be careful without charts to guess the bottom..Fundamentals are bearish... Good Luck..

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

Hi grashid, malcomb is right to not predict the bottom, but I mostly target the fibs...If the lower TF shows a reversal than set a SL at the low and set TP on the fibs

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