Lookout below!!! — The QQE trendline broke...Hello 190....

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

Short postion triggered @ 193.90 — Wow, I decided to take a short nap and my alert woked me up that the order went thru.. I'm waiting for the QQE trendline to break...This look like a Big CRAPPER when this fall... Both GU and EU broke downward ...

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

UJ is in an Ascending Formation — If the UJ breaks above the 109.20 Resistance level, the GJ will follow upward.. The QQE is above the 50...strong upward signal.. You be the judge..

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

Strong upward trend on the QQE indicator.. — The QQE bounced off the upward trendline for confirmation for a strong uptrend for the GJ.. It needs to be above 50 for a strong confirmation to go long... You be the judge..

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

I've been long since 193.50 and will add another position once 195.00 is broken.. Retracement will probably start London Time...

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

Updated chart with the QQE trendline — If this trend on the QQE heads above 50, retracement is in place for the GJ to fill the gap... You be the judge...

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

Still consolidation.. — So far no orders executed from my trade setup.. I feel a retracement in place if the 194.20 breaks. Scalping is probably the only thing for this trend... London time will tell...

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

If the Price Action breaks thru the 194.20 area, — i believe GJ is on the road for a retracement once the 195.00 range is broken for added confirmation.. That is a plan and not guessing.. Indicators are lagging ..

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

So far the 193.00 minus the spread didn't break yet... — Still waiting for the execution... It is still in a consolidation range..

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

190.35 is the 50% on the weekly GJ chart..

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

Breakout Strategy for this trend — My plan if the Ascending trend breaks... Take a trade.. Above 195.00 go LONG for at least the 197.00 range retracement OR Below 193.00 go SHORT beware of the 192.60 support line It's a plan...

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

TF means timeframe.. — I hope that answer your question..

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

It's a simple S/R I found from another FF tread.. — I use S/R lines,QQE, trendlines for my analysis... Less on the chart the better.. Basically trading naked.... Stick to the basic.... It's works great on higher TF from 60 min and higher.. ...

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

Past strategy from my past setup.. — I made over 700 pips from this setup in 5 days.. Plan you trades... I know the 192.60 was a strong support because I looked at the higher TF.. The higher TF showed a strong bearish trend... I made more pips ...

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

Simple strategy for GJ when consolidation occurs.. — I plan my trades and not make guesses... Plan your trades and trade them.. Higher TF gives better overall of the trend... Here is a example of a plan... Keep it simple...

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

You are correct about what TF....Different TF's have different setups... There is many opportunities to make money depending on your risk and patiences.. I prefer higher TF to get an overall view what the GJ may do for the future.. I plan my trades ...

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

I guess he talking to the Novice traders... — Who is the moderator of this board to tell what we can say on this board..? This is a public forum.. I post what I think is a good setup or strategy with charts and not opinions... It works for ...

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

Still long unless the Ascending Triangle is broken!! — I will stay in the long trade unless the ascending triangle is broken on the 60min TF and 240 min TF.. There is news at 7:01 pm from GBP before the overall trend is determine.. Daily ...

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

Nationwide Consumer Confidence at 7:01 pm for GBP — The trend looks more negative I'm expecting more negative results... Nationwide Consumer Confidence Aug 5, 2008 51 59 62 image Jul 8, 2008 61 65 65 Jun 3, 2008 69 68 70 May 6, 2008 70 74 77 ...

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

I see a descending formation on the GU 60 min TF — If the GU stay on course, I believe GJ will follow and breakdown for a new low for Asia... Wait and see... This can get ugly but I will be on the right side of trading... ...

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