just got back, boy i can't wait until i don't have to work a 8-5 anymore, but i am thankful to the Lord that I have a great job. anyway, birdt i am not picking a top just using different indicators to determine the best area to take a short. i use ...

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

i just went short at 228.35, and if this the top, i have a target of 226-226.50 area which is the 50% fib area of the move up. i also have another sell entry limit at 228.80 (if we make it there) which is the top of my 4hr bearish bat. unfortunately ...

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

looks like everthing went according to plan. since i missed the long boat i will look for a reasonable short entry area

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

c'mon karm, tell'em your sl, tp, lot size, etc. LOL. people karm is a a great fibo trader, just draw a fibo (and i won't tell u where from) and i bet you could tell where a reasonable stop would be.

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

price is currently stalling at the 4 hr 100 ema but i still expect to see 228.25 area and i will look to short there possibly, but that may only be a temporary short, we shall see

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

dow is still strong. +196 as i am typing and i see no signs of a reversal yet. i will watch until i see the signs. i dont mind missing a few pips

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

no initial reaction to this...hmmmmm. 228.25 seems to be the target, at least

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

home sales -1.2 to 4.97 mln Sept. rev down to 5.03 mln

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

DOW is up +100, pretty strong considering the weak durables......hmmmmm..

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

that doesn't help. LOL

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

we shall see, but i won't be surprised if housing numbers aren't that bad we may be in for a run to at least 228.25, IMO

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

man i hate i am not in on this last bull run. it is set up so perfectly, meaning that if you got in early you could have already locked in 100 or more pips and can sit back comfortably until dow opens or announcements. ugggggg

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

just my 2 pips, we almost hit the 50% retracement (226.90 area) from the down move from 232.40. i think we may see a 15min 5 sma touch then another leg up before announcements. a strong break and hourly close above 226.90 could extend to 227.84 ...

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

guys don'y be surprised today if we get descent housing numbers

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

man, just woke up looks like i missed a run

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

i do not want to see 226 at all

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

ok. gbp/usd is dropping and usd/jpy is rising. geppy may get stuck until yen starts to drop

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

aua u still short gbp/usd?

Daily/Intraday Momentum Analysis

depends on how many pips you are after. most day traders use the lower time frames for better entries based on a longer term analysis.

Cable Update (GBPUSD)

i'm sitting as well but the 4hr mom's are bearish on mt4

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