I think it could retrace to around that area 242.46 has a fib on my chart and it is sort of where i think the 4h 5sma might be soon? I am not prepared to take the short going down myself.. but good luck if you do.

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

Back to business? — Any views on the current situation? I guess we need a retrace or at least a period of consolodation so 1H strength can cross back down and then up again? It just seems to refuse to go down at the moment.. but surely it is ...

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

Same goes for me too.. and i enjoy the company on the thread too.. it can be lonely trading on your own...

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

That one didn't work out for me anyway.. i think the move had run out of steam by then.. i stayed in on a short for a bit and it tested 202 a few times so i chickened out and took about 20 pip loss.. I thought it was worth a punt at the time but ...

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

Anyone seen it go like this before? Seems like an incredible run.. surely it has to retrace soon?

Daily GBP/JPY analysis

Anyone seen it go like this before? Surely it has to retrace soon?

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

you could be right. I'll be looking for a London Open Breakout opportunity to the downside too.. Looking good on the 1h and 30m, the 4h getting there... however daily trend is still bullish and i think there will be a big battle around the 2.160 ...

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

Possible entry? — Looks like many of the indicators are looking good for a long entry... However, price is testing that a very strong trendline / 30 and 50 sma and it needs to breakout, retrace and continue past that before I will believe.. ...

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

I'll kiss you if you are right.. im long

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

should wait for the next confirm bar? or just go for it?

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

aus are you doing a news trade on the interest rates?

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

I thought you said you entered at 20197? oh well.. Good luck whatever... (gbpusd)

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

what's your target and stop? more steam still in it to go down then?

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

It sold off before the bell.. now a lot of bargain hunters coming into the market... gap could close... not too much speculation on interest rates.. they don't give out too many surprises these days and leak everything a long time before... Who ...

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

hehe...

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

Anyone trading the nonfarm news or all waiting for the interest rates?

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

4h is still bearish.. just needs to turn up.. 1h won't have to work too hard to cross back over the 50? So I guess you're right.. BTW... Are you doing the newstrade in the thread or shall we just try and catch it at the top of up spike to ride down? ...

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

What are your entry points for the short and the long?

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

4h bearish yet — Hi Aus. The 4h strength indicator is not bearish until it crosses over the other moving line downwards.. that's right? So there wouldn't be a clear entry until that happens? For short i mean? Thanks.. sorry if it is obvious.. ...

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

I hope for you guys it goes up. I'm watching for the next hour candle to open below that pivot.. in which case it seems to be increasing the odds of retesting the previous lows.... Hope it goes the other way though...

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