I've noticed that about MVAs myself also - bottoms are harder though... and if you try to pick a bottom, your hand might be smelly I guess we'll have to accept whatever it is on shorter time frames and look for a daily 21MVA as a magnet for now ...

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

oh wow, that's the sound of heart attack + stroke combo!

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

since we're about on lower 1/3 of a daily channel, geppy will be hard to trade on a longer term until we hit bottom or upper line and get a clear direction. Anyone thinks there might be a daily mirror from about 10.2009. with a pivot being yesterday ...

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

holy jesus, go to url and check out VIX if you don't have access to it by other means! wow! Someone is trying hard to fix the market.

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

as long as we're within this constrains we're good for short, but being a friday, mixed sentiment etc... just be careful because it will put up a fight UJ image GJ image also, ROC is going up like crazy but PA is failing which means more downside

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

I'm still behind my targets, constellation of MVAs seem to agree. Problem would be if this were a live account. As Beljevina said, even if you risk 3, hell even 5% these buffer margins you must have on these kind of PA is insane, stops of few ...

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

with that inverse wedge on 5m and a cluster of MVAs heading down all supported by ichimoku? I doubt it can go over 135,1 now before prolapsing further down. But then again, everything is possible.

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

well I re-entered with same SL TP on both GJ and UJ, but this is demo account - this kind of stuff wiped my real acc so be careful (though it wasn't GJ nor UJ which I kind of got to know)

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

breached, got out of all... nice! it might come back later, but why risk any further today before market open

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

tenkan sen crossing kijun sen on 15m and ROC rising sharply on 5m but PA creeping up to MVA13C instead oh violently rising. I'll wait for a determinate breach of that MVA of 135,05 before pulling out

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

just beware of a highly probable flip at S1 128,6 and 132,05 first real support

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

I'm ready to jump from the ship early, it's a mixed market today anyways. And also let's not forget those neighboring 2hr candles are not of normal size, so it's hard to engulf them.

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

I took a trade based on that fibo, since this is a textbook fibo entry - when it gets to 61,8% and falls back, it's an entry. Usually after big moves in the market, I've noticed market (especially Asia so) trades by TA, probably because they shat ...

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

2hr close below 92,3 (61,8 fibo), 2hr bearish engulfing, break below 92 - all three are weak-ish signals, but if all combined definitely a signal

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

just in time,eh? just be careful about those stop levels if it starts behaving violently when markets open.

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

yeah, rather wait for 93,3 to be rejected

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

I'd do it, but stop at 93,6

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

e/j is a barometer for equity markets. Since futures are low, there will be a move down first, and since later who knows what will happen after all this losses on the markets, it entirely depends on the sentiment of the market. Which is why you ...

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

wait for 93,3 zone to go short (which means it could jump over it and return to it so be careful about stops) that is a daily MVA21 which is usually a strong reactant. GJ eyes 139.7 just saw european opening calls, they are pointing down, which will ...

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

fuuuu... looks like UJ wants that daily MVA21 (crosshairs on chart) which is at 93,3 which means GJ will go to 138,5 first before it decides what to do. edit:typo MVA21 not 16

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