4h 50ema, 200ema and also 1h 100sma at 204-204.10......I think this area will be very tough...... Right now price is struggling to get past daily 50ema which is also 50% of yesterday's move...

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

No No NO.......humour is necessary in this occupation... We all have to learn to lighten up and enjoy what we are doing. Carry on bro....

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

On a more serious note.....I think the short is good but being as conservative as I am, I wouldn't target below 204 based on my moving averages. I am done trading for the week....but that's just me.....Good luck Bless

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

This guy........He's been short for a while......

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

Illustration of the daily gunn......

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

Great trade Mike..... I took a similar play that was on the gj yesterday and it played out nicely. I am now out of all positions and will look to start fresh next week. Good luck my friend and have a great weekend.... Bless

MW's trading journal

sweet..... — This was a very sweet trade and it tops off a very nice week. I am now out of all positions and I think I am done for the week. Good luck to all and have a great weekend...... Bless

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

206.53 is the high on my chart.....

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

It may be a bit silly... but I took a short at 206.2, stop above today's high target 205....

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

Today should be called quadruple interest Thursday...WTF....

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

uj 1h

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

I am thinking the same....but waiting for some confirmation.....If the base of the old daily channel holds, it could go down a few......

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

I would wait until at least a 15m close below 5ema before thinking of shorting...

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

also........ — The base of this previous channel...... If this area is taken out, that would be very very bullish IMO.

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

I was just about to type that......

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

probably lower this time....

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

No need to be rude..... That is his view and based on his charts and it is quite possible that price may hit these levels soon. There is another inside bar on the daily which I will play either way....until then...... Dow is short ...

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

Also, on the 1h chart I posted earlier, the 200ema , 100sma and 50 ema are all in the same area(203.70-80)..........we are currently above all of them and they should provide good support..... Also notice the stochastic on the same chart......it is ...

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

I am not in a gj position now but I would not short this.......though if I had ichy fingers, I would'nt target below 203.5.....

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