Agreed, problem is I'm always closing way too soon. I hate holding through the sideways action, so only way I hold is if it goes against me, or if I'm away from my computer. Patience is the one thing I have yet to learn after 3 years of trading. ...

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

I'm quick to close with profits haha. I stole about 40 pips. If it comes back down maybe I'll pick up more.

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

I grabbed a small long here. Not sure where it's going, I have a TP in at 133, but once it gets around 130 Ill put in a break even + 20 pips or so SL, and then 131 I'll move it up, etc.

Daily GBP/JPY analysis

I'm not a fan of adding on the way up. I add on the way down, and close if it's ruined. I try to sell tops (hard, but sometimes works out), and wait for pullbacks to go long again. I put in a TP at about 133, Although I'd be happy with 131/32.

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

Well if this is a higher low, which I am also hoping, then we should make a movement towards that 137 high. Although we may not even get close. 1hr, 4hr MACD looking to turn positive, RSI plenty of room to move. Come onnnnnn beast!

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

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

In and out of GJ. Now not sure what's going to happen going into London. DOW was whacked way down today, and considering GJ follows it, I think it's up tomorrow as a small bounce. Looking at the 4hr, this may be the new bottom and ready to head up. ...

Daily GBP/JPY analysis

Higher low seems to be in, for now. I may begin shorting in the 132s, but DOW shed almost 5% today, and it may have been a big overreaction, thus we may see a partial recovery from that. Considering GJ follows it we could see this go higher.

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

I'm OUT of both EJ and GJ. Weeee what a day! Class time later ya'll

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

I drew support at 130.50area so I figured I'd throw a buy in considering we're done a ton today. I'm hoping for a bounce up, I do have my SL in just incase it wants to fall even lower.

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

No worries my friend, I'm in low 130.50 with a SL covering a nice portion of my profits. Need to goto class now though, so was thinking of putting in a 132 TP

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

132 on the horizon? I hope soooo.

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

Then it continues down and they get margined, sending it lower, duhhh lol

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

It's really not trending right now it's just dropping, which is why I think we need a bounce. Also bounced off the 200SMA on the 1hr perfectly. It's also not too far off my uptrend line that's started in January. Let's see what happens.

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

Looking for a temporary bounce, it's been crushed so far today.

Daily GBP/JPY analysis

I wanted a 133 sell

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

I couldn't hold through all that sideways action, I closed mine. Good hold!

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

I'm long for a short term bounce, 5, 15, and 30min showing oversold, bounced off support at 132.50ish, I got one long at 132.60, SL set up for b/e + 10

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

Geithner speaking, dow made the same move. I grabbed a short on that spike, weeeeee

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

Looks like we're coming all the way back to the trendline, what are your thoughts if we get there? Not sure if we're going down down down, or if it will bounce.

Daily GBP/JPY analysis