As I said before when I was holding that small long, a daily close below 203.5 would be very bearish for the pair. I shorted at 203 and recovered nicely from that loss plus a bunch down to 200 . Right now things look very bearish indeed and I ...

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

......just not the same pair.

Cable Update (GBPUSD)

Depends on the timeframe your broker set for day close e.g in your timezone, the close may be 5 gmt and mine is 12 gmt.

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

My 50 sma is 203.02 so near enough the same...and yes we are under that...

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

amen to that, I just closed another gu short for 80 pips. I further reduced my position on gj at 203.4 because of the failure to breach 15m 50 sma and 4h 5 ema. Will see how the dow closes and also gj. I still maintain that if the daily ...

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

nice bullish engulfing 1h candle on the dow.......will it close like this?

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

203.5 is 15m 50ema. Will be interesting to see how price reacts there.

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

Enjoy your vacation bro.

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

This is what I am seeing. I am a stubborn guy, aren't I. Anyway, this day close will speak for itself. Bless

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

I really appreciate it man, no worries. We should look out for each other, thats what this forum is all about.

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

I don't hedge, I use stop loss,reduce losing positions and add to winning ones. This remaining position I have is very small thus drawdown is very small. Thanks for your concern but I'll know when to close this trade....and looking at my 4h candles, ...

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

Hi Mike, I still have a small long open and waiting on the daily close to determine whether I should hold or not. I don't see any reason for a major breakdown right now and I think the range will continue. A day close below 203.5 will change my mind ...

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

I think a daily close below 203.5 it will be very bearish, under 202.26 will be extremely bearish imho. I think a close above 203.5 will take us back up to the top of the range or higher. Bless

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

I'd say....

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

I noticed that.... but I just don't see the yen breaking down right now and the pound and euro are due a retrace soon. If I see a daily close below 203.5, I will be looking to short, until then, we are at the bottom of this 2 month long range and I ...

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

I agree. It may not even happen tomorrow at all, but it may happen soon.

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

no.....maybe not immediate future, but I do see the pound going back up to 1.98 and the eur may well test 1.59 not too long from now. I think the yen wants to go to 108 and the geppy wants above 210....lets see what happens...

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