I may take a buy scalp at 136.50, maybe. we are forming a lower tl on 1 min to buy off of, maybe, lol.

Petefaders Journal & Open Discussions

out +5 at fib resistance. +20 pips for the day, 2 trades so far.

Petefaders Journal & Open Discussions

buy 136.86, quick scalp. SL 136.68

Petefaders Journal & Open Discussions

heck yeah, they'll add up..just gotta stick to my sl.

Petefaders Journal & Open Discussions

It bounced up and is retesting 50% shall i scalp 8 pips?? lol. nah, bad r/r. that's what having a good spread will do to me.

Petefaders Journal & Open Discussions

out +15, just scalping atm edit: reason was as it approaching the 50% retrace of last move up from 135.70..if g/j is nearing 50% fibb it will probably test it so I scalp when it gets close and pull out when it hits...hey peeps. need more ...

Petefaders Journal & Open Discussions

short g/j at 136.84 Ready to rock,

Petefaders Journal & Open Discussions

Cool, I will be keeping an eye particularly on symmetry of price % change vs fibb % change..this stuff is exciting to me...i'm such a dork. :nerd:

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

great point.

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

works just as well on the 1min I see. now I'm excited. Gives only 2-3 trades a day, but dead on. I notice also on 1min, that if 50ema comes close to 200ema but doesn't cross, you can enter the trade as it pulls away, yes? edit:now i see ...

Petefaders Journal & Open Discussions

yes, I see the connection between the 50 and 200, especially on the 15 min! It shows no losses this year if you traded the 6 crossovers (and mega pips). Simple and accurate. Learn something new everyday. I already had the 50ema, now the ...

Petefaders Journal & Open Discussions

Pipchick, how do you trade?..TF, pip target? I target anywhere from 15-50 pips on g/j and take the occasional medium term trade, if I am confident.

Petefaders Journal & Open Discussions

Nice approach. Macd looks ready to cross down, so maybe 2 shrinking downbars could suffice to look long. Thanks for pointing out breaish div..I hadn't even checked.

Petefaders Journal & Open Discussions

ooooh, me first! -sorry I had to, lol.

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

Karmo to the rescue with that common sense we all know and love.

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

Im still thinking 148. area is the breaking point and will be tested, but not breached then another leg down, may take a few weeks to play out. Break of 142 means 148 target to me for now. a move down from here brings me back to the up channel that ...

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

doesn't that mean a break of 148. area means trend change? what do you mean by untill now?

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

I googled it and found nothing. I will call it fppa for fibb price percentage algebraic..or something, lol. I may be overstating the usefullness, but I don't think so,,I'll keep looking into it.

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

funny.

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

picking tops are we? I learned (the hard way) to go with the trend/move untill there is a real reason on my chart that is in play. ..even on a retrace. You could be right, but to me chances of continuation are always higher untill a reason presents ...

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