good deal... M1 is 3.06 I have learned the hard and the harder way to mostly just quit entering trades in the mid to late frankie/london session, unless i'm already well into a position, i try to stay out until it's got clearer direction. ...

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

And there they went... Classic midnite express move or what?

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

A thought here regarding todays s&p action. I was watching as they reviewed the last half hour or so of the session. The cnbc guy said it worked down to 1410- 1405 or so in a typical fashion, and then when it hit 1405, it tanked in the last 15 ...

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

That's the spirit! It's a great trade. Even if you only get half that. Only caution is that London knows all the stops are right there below that S1 at 3.57 when they start clearin the orders before goin up.

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

yeah you're gonna have to post the crapper again.

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

Ha! What a hoot. Just got back from a walk. Yeah got stopped out. The hoot is I had a 15 pip trailing stop while I was gone. It seems it went 15 pips into profit at one point, but not 16, so it never triggered the stop, or I'd have had a 1 pip ...

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

Daily M2 = 4.40 Weekly S1 = 4.42 Small position with tight stop just below strong support. 29 pips risked, gain of 67 or more... = good buy

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

small position limit long order triggered @ 4.55 , target tp @ daily pivot 5.22 with a tight stop @ 4.26. now we'll see what happens..

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

methinks the same.

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

First chart is a not quite bounce from Weekly S1 support on 15m GY chart. Second one is a little different perspective on the GY Daily chart showing daily candles that begin at 5pm EST (2100) instead of 0hrs GMT. It gives a slightly different look ...

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

Well, Islander, currently at 204.45, it looks like time told...

GBP/JPY Trendline Traders

OK, found this link I was tryin to remember where it was. Basically, it says the gummint is cutting or shrinking the funds and people and whatnot that produce the economic indicators we all hold near and dear... I forgot. I was goin to bed. ...

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

I hear ya! I'm all for a trip downstairs. Been packed for a week now...

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

so what is it ? — So are we breaking the stupid trend line now or what? I'm starting to think we're just gonna range thru this thing for another week or two while the wonks decide who floats and who sinks. I'm goin to bed.

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

Careful with that thought. US has had bad news for how long now, and who cares any more? We may be seeing the difference between bad news here, and "worse" news somewhere else. Worse news elsewhere makes our bad news better news. Cool huh? ...

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

bad eu news helped uj up there big time. heading for my M4 now at 105.48

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

I guess I was talking about the nikkei. you're talking about the currency market? . in my mind tokyo always goes home at 3pm their time. no worries either way. (crap. too many smilies now. I wanted the confused one...)

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

tokyo closed 1 1/2 hrs ago...

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

Sweet... The entire Asian session so far in a Pivot nutshell. The brown line (206.86) labeled 3QP ( for 3rd Quarter Point) is actually the mid point between M2 and the Daily. I calculate them manually when needed, like tonite at 5pm or so. ...

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

CLASSIC ranging price action on pivots from session open at 5:00 pm est!! Price climbs to daily, bounces and heads for M2, bounces and... ?? Break of M2 opens up S1 at 206.00. Return to and break of daily opens up M3 at 207.48. My feeling for Asia ...

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