there are no easy shorts my friend went long on the break of the bear flag before I went to bed and noticed it came within one pip of taking out my stop before squeezing higher....i would have punched somebody if I ended up getting stopped out on ...

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

looks like a steep channel on an approach of 143.... ranges will be tricky to trade but really nice swings

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

price action still in bear flag from what I can see....ping pongs off the channel perfectly i'm cautiously long looking for a break in the channel to short again

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

As long as he's not long from 190.xx still

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

what happened to the guy auslanco who started the thread? last post i saw from him he was long the beast at 190.xx any1 know?

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

hahahaha, true true

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

of course....but the majority of people will read the books and think "our economy is effed" and we get this type of corrections charts say the trend is down but my gut says it's time to back up the truck and buy as much as you can lol

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

book store — interestingly enough I was in the book store this morning when I found two massive displays of books on last years crisis....everyone trying to make a buck describing how last year went down..... my contrarian radar started to go ...

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

noob trading — noob trading versus pro trading noob trading = -6000 pips/day + 6 blown accounts + maxed out credit cards + losing girlfriend pro trading = 300 pips/day + peace of mind and arrogance

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

haha, nice save i ended up doing the same except i got out at break even instead of waiting for a test of support

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

oversold on what time frame are you referring to?

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

haha when was this 2k pip move?

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

gently blow on the screen and talk sweetly to it.... always helps

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

naw i'm neutral on the beast right now.... i'm having more fun shorting gold and the euro theres a lot of new weak money shorting to the max....it'll snap back hard and i'd rather avoid that for now haha

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

kabooom? lol

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

looks like we broke through...moving my stop up to break even

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

great short trade

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

just did the same thing... placed my stop at 144.50 as it seems we're in a nice channel/flag higher for the time being before the anticipated breakdown lol 15min 100 ema seems to be resistance...if we can break above it i'll move the stop to break ...

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

makes sense to me.... if that is the case i'd rather be long than setting up a short on a retrace...i just remember that when gj is in freefall mode you never get great setups like that, it just stays oversold if it can make it up to the 50 ema i ...

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

im paying more attention to eu and ej right now.... if gj wants to drop, I doubt we'll get much of a retrace at all. Instead of chasing additional shorts on a currency crappier than even the us dollar i'd rather see if some other crosses play catch ...

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