My target is 232.6-232.30 as well.

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

I get 233.5 and then 232.30 as possible supports. Any experienced guys agree?

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

Just curious what platform you use to see buy and sell orders like that

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

Thanks, pipchick. What gives you the indication of timeframe? Just your experience on when markets move, or something specific on your chart? Thanks again. Everyone here is soo helpful.

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

That's what I was thinking. M chart shows this area as resistance, which if broken could signify a move up. If not, maybe another short opportunity?

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

Thanks but I bailed at 234.9. Chickened out since I am still so new.

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

I hope I didn't jump the gun here.

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

Buoy, Thanks for the confirmation on my chart reading. As always, great advice and direction in this thread

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

Sorry if bad chart. This is my first try. This is what made me post the question before. Looks like trend continues but it hit the sma. Thanks pipchick and Aus for helping me understand a little more of what I was looking at.

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

Yeah, I took my longs at 235 and was waiting to see what next. Thanks for the advice.

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

Sry for double post but does all this bouncing off of 235.00 mean a good chance of reversal for today?

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

Amazing thread guys. Been following for a while and I just think it's great, everyone helping each other make some pips. Thanks too for my pips. Got a few hundred over last couple days. My chart reading is also improving thanks to all here.

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

While I am very new at this and don't think I would have much experience to add, I think your idea is great. I would love to learn more about the proper use of tl's and s/r. I confuse myself sometimes as to how to analyse certain ones or where ...

The right Trendline and S/R line

Based on the current quote at Oanda, 1.4347 I doubt it. Funny how much it moved with markets not open yet!?

Will USD gaining strength for the next couple of weeks?

I just wanted to take a sec and say thanks for all this information. I have followed the market here and there for a few years and just recently came back from a break. This thread (and this site) have helped me learn more than any book ever could. ...

4 Hour Strategy (MACD)

Regarding fib levels and retracements, is there a generally accepted timeframe for coming up with these support and resistance levels? Or is it completely subjective depending on the tf a trader is using?

CHART Reading for serious traders