Afternoon dull drums. Looks like it is bound between 1.4927 and 1.4909 on the 5m

EURUSD

Mild support at 1.4909 Would need to break this before continued short

EURUSD

Nikkei 225 — Nikkei 225 is up .61% and dragging the GJ with it. If markets reflect each other we should see a higher dow tomorrow and higher gj to boot.

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

Best Time to work aus system in EST in US — I also live in EST in the US. I've found the best times to trade are as Aus has listed them from 4:00 gmt (12:00am EST) to 15:00 gmt (11:00am EST) I've found most of the movement so far to happen ...

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

Charts are still saying long. Price above 50 sma (yellow) & 400 sma (green) on the m15 chart. Not planning on shorting unless we see the price below both the 50 and 400 sma's. Waiting patiently for entry.

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

10-18 17:00 resistance — Currently hung up on the high from 10-18-07 at 236.82. Trendline resistance.

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

.50 retracement from 229 — The m15 .5 retracement is around 235.05 area. This fib is from the last major upswing starting around 229. Could possibly see a reversal. Will wait and see.

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

Aus, Where did you learn to read the momentums like this? Your analysis is amazing.

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

ADX (14) — I'm showing an ADX of 18.4416 at this time in the 15 min timeframe. Market is ranging. Will wait till later for a clearer signal.

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

Hakuna, this is an indicator that I've used for fib placement. Not exactly sure where I found it.

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

Looks like were heading for the daily 5sma. Last gbp news pushing gj north.

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

Aus are we expecting a daily retracement back to the daily 5sma today?

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

Wow, woke up to find that that the daily qq5 has just broken downward. Haven't seen this since 7-26-07 Now all we need is some unexpected news to happen and we will be off south strong again.

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

Just crossed the std daily pivot @ 238.06

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

Thank you Aus and Karmo for help.

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

Aus, This may be a strange question but when setting these up is the "C" the MomPeriod?

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

Exit Strat for 15m — Is the exit Strategy for the m15 still the same? 1. exit if q5 crosses 50 2. take profit hit @ 100 pips from entry

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

I seem to remember aus mentioning having a SL above or below the pivot and 100 sma.

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

Currently using the London daily pivot which is at 237.26

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

Mine to showing a -1.3244 strong south. Looking @ the chart all down. Not even a hook pointing up.

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