Well I'm glad I followed my instinct on this one, short from 197.05

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

Karmo, are you still long and popping patience pills?

Karmo's trading strategy trading GBP/JPY

That's what it looks like to me .. the daily R1 held so far .. but I just don't see conviction for a 200 pip move upwards...

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

Looks like you & I are seeing the same thing scrat .. I'm just not sure about the 199 at this point...

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

This is one strange breakout .. usually she shoots up like a rocket. I've been playing it both ways on the 5 min where there is also a series of lower lows in RSI

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

From the fib of last SH SL on daily, there is a 61.8 retracement at the weekly pivot and monthly S1 ... my vote would be a retracement to at least this level (192.70) before perhaps another fast run up to the weekly R1 area around 201. Not that she ...

Karmo's trading strategy trading GBP/JPY

Just checking fib retracements on daily .. at the 61.8 retracement there is the Weekly pivot and the Monthly S1 all around 192.70. So I would think a retracement down there then perhaps a sprint upwards to the 200+ targets others are seeing. (I've ...

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

GY daily, I have 3 doji candles with an IB inside another IB .. wow! (last one is current candle so doesn't count .. yet) IMO there is near zero probability calling a breakout either up or down from the TR it has been in, my guess is down but that ...

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

Next question, do you draw the lines yourself each day or do you have an indicator that does it? I have one that I can make draw lines 30 pips apart, but not sure how to make it link to the daily pivot & start from there. I'm just lazy .. drawing ...

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

Don't bother closing the door, we'll do it for you And maybe lock it.

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

So you take the daily pivot and put lines at 30 pip increments above and below? Why the number 30? Anyway I will try that, thanks.

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

This market is all about whipsaw .. good chance to practice scalping techniques

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

Oh ok, I assumed you meant up when you said breakout (I call the other way a breakdown ) But that's right, it can break out in either direction...

Karmo's trading strategy trading GBP/JPY

Somehow I get the feeliing you have wandered into the wrong forum .. they should have some here that discuss the fundies.

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

Got out at 8478, And in fact it did reverse rather violently. I'm short again from 8568 with a really tight stop.

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

Thats for sure .. a lesson I need to keep practicing!

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

Anyone have a good tp for GU short from 8520? I was thinking the 50ma on hourly at 8463.

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

So your bias is to the upside now? She is still as schizophrenic as ever

Karmo's trading strategy trading GBP/JPY

Do they come in super-strength??

Karmo's trading strategy trading GBP/JPY

Yes, now I understand why others like this indicator .. I could never figure out what was so special about it as on my charts it was just a flat squiggly line LOL Do you have max & min settings in those boxes, or just leave them unchecked? I reallly ...

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