Next is 4H 5 SMA @ 241.71

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

50% fib line. You are the man, Karmo.

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

Karmo, Where is this number from? 240.80

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

You are right.

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

When 1h touch 5sma, but the 15m SI cross over, dont short. Should we then wait to the 4h retrace to 5 sma?

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

Maybe, when 15m SI cross up, don't short - meaning retrace to 4h 5 sam?

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

The 15m SI is cross up (becareful)

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

That's the retracement, not trend change.

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

Karmo, Please make sure you check the 15m Momentum, first. According to Auslanco: .. if the 15min SI cross upwards during the retracement .. dont go short. (Don't know why, but just want to help.)

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

Auslanco, You haven't answer my question, yet. How do we look at Momentum for retracement, like 30 min chart in this trade ? Is it the small up hill, reached 2.050? Thanks.

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

Anyone has the Dow pre-opening?Not sure. U.S. Index Futures, European Stocks Drop; BNP, Citigroup Fall

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

Go to fxcms.com open a demo account. On the chart they give you all kinds of indicators to use. TFT = Gann HiLo Activator (period/value 10) Ref: url

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

Should we TP @ Daily TFT?

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

Aus, just said support at daily TFT ?

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

How do you read the momentum for retracement?

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

Karmostaji, What is the DT you referring to?

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

So, if the retracement is too small, you may come down to 30 min chart. (30m bar touch 5 SMA, to enter short)

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

Aus, I don't see the retracement is that big to touch 5 SMA on 1h bar.

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

You mean, the point of the strength indicator cross under the 50 line upwards. Right?

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

Oh, no. Look at your current 1h bar, this one to touch the 5SMA.

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