I base my trading on looking for opportunties for 30-50 pips at a go. Occasionally I will hold those trades for longer if I'm comfortable with the PA. The GJ is pretty easy to grab 30 pips here and there, and usually pretty quick in doing so.

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

40 pip is my default SL, in case something goes wrong. I'm looking to for 148.50 to 148.70 but am not liking the PA atm so might close it early. I guess thats not a "scalp trade".. just meaning I'm not looking for 100s of pips

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

Haha, I did the opposite.. long 148.02.. looking for a scalp here.. same 40pip SL.

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

I think you just need to be prepared for anything, follow your plan to a T. Everyone is right and wrong at different times. I'm holding my thought to get in higher to go short, and will buy the next dip (maybe) between the 50 and 62 ema on the 15TF. ...

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

Ah i wish I had your confidence

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

I fully agree that we are headed down, though from your charts there is the potential upside of 153 (both yours a Mr Kaboom.. haha). Why wouldn't you close your trade to get in higher, than have to hold the DD? I closed my short from friday at ...

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

My thought is that the GJ has been held up by the UJ the last while, when really you could say it should have been trading much lower. I tend to think that the kaboom if you will , will come fom the GU. Considering how "weak" the pound is, it still ...

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

Looks like its going to close the gap or try to.. waiting on Asia or London to possibly get short higher

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

Same with GJ 70pips or so.. so whens the gap gonna fill?? or is it?? Ah the sunday question.. Hope everyone had a good weekend..

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

Some of these guys are still learning (me included).. haha.. Most here have really good MM, and the ones that do and have mentioned that they are holding thier shorts is a good reason to consider that possibility.. Of course they can be wrong too... ...

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

Oh by sunday who knows what the gap will be, I highly doubt 149.30, I suspect somewhere down 146ish or could be up 150 but you never know. Wait and see Cheers

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

Hey rgitt.. did u close all your shorts before the nonfarm?

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

Seems to me the UJ is keeping GJ from dropping just yet. Untill the GU starts going south, I don't see a big drop in the works. If anything I would be thinking of some kind of intervention for the UJ might be possible and that will take the GJ up ...

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

Yes, some of the traders here are simply incredible, I hope I can be 1/2 as good as some of them one day I've found just by listening and learning the little gems of knowledge that get passed about on here, and working it into my own ...

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

Looking back 149/150 was very strong resistance. A good part of April and May of this year, price was testing this same level, and eventually broke through. So while waiting for price to break through again, I will short off the top unitl I get ...

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

Closed off my short, now looking to buy the dip.. just wanting to see if we are going to bounce from the 50 ema, or go somewhat below it.. Cheers

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

That would have something to do with it for sure, though lurking here for wel over a year, its pretty easy to see who knows thier stuff.. (like u do) So I find now if I just trade the chart in front of me, with-out any influence I tend to ...

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

Seems I've been doing the opposite to the general consensus.. Shorting off the 149 area.. once yesterday and twice today.. so far all green pips I actually find the less I read here, the better i trade... call me crazy cheers

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

LOL, KABOOM.... We are stuck in a 3-400 pip range atm, 140ish to 143ish.. When i think of KABOOM, I think of last year when 500-800+ pip drops a day. I don't think we will see that again. Now I just look at catchin a 100 pips here or there.. not ...

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

Well I took a small short off the touch of the 15min 50 EMA..141.41.. SL 141.97 see what happens.. I'm a bit impatient to trade as I been waiting all day

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