234.97 here. I think it could go a little over 235 without much trouble. After that I'll see which way the wind is blowing.

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

Some people don't trade on Fridays, and some people don't trade on the last trading day of the month. But I can't recall hearing complaints about the last Friday of the month being worse than any other Friday, unless it's also the last working day ...

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

It's just about time for some good price action. I'd like to a test of 235 before the London session.

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

Looks like an angelic head and shoulders to me. I interpret that to mean we will all profit from it!

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

That would be nice.

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

I'm long from 234.40 because of the 15min chart strategy. I might take profits early at S1 (234.97), but I'll see how things are going at that time.

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

London's pivot info doesn't exist yet. It will be calculated at 3AM EST (London start) using the most recent 24 hours worth of data. The current Asian session daily pivot is 233.99, with R1 at 234.97 and S1 at 232.87.

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

Price has completed a 50% retrace from it's most recent drop, and I've cashed in my long. If (or when) it gets cleanly above the daily pivot @ 234.22 I'll be long again to 234.91 (mid-level 1 resistance).

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

One thing that is no secret, is that each of us can setup an "ignore list". When a poster becomes so obnoxious that you can't stand seeing their posts anymore, just go to your user setups and look for it.

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

Daily pivot is 233.76 R1 = 234.68 S1 = 232.60

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

This VT user will be watching for it from now on.

Auslanco 15min GBP/JPY startegy

Hmm . . . I could have sworn I've seen them disappear. But maybe it was only the arrows. Thanks!

Auslanco 15min GBP/JPY startegy

For what it's worth, I don't think we'll get a new low during Asian session, and I doubt if we'll even get past 230. Previous "bounces" off that 50 fib have gone up 40 - 60 pips, so it's probable that would happen again. Frankfurt could push price ...

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

It might be time to load up again. Of course, there's always the possibility of a retrace before it heads south. The most common retraces go to the 30min 5sma or the 1hr 5sma. Sometimes both, one right after the other. This would give a better entry ...

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

You're doing fine! It was a good observation!

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

True. It's rising even though prices are falling in all it's charts Thanks!

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

All currency pairs with the yen are falling.

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

Hi M2B. I think you would have figured this out if you'd thought about it long enough. Remember that 50ema on the 30min chart translates to 25ema on the 1hr chart. Well, if you were to use 24ema instead (on the hourly chart) you would be looking at ...

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

There appear to be two acceptable versions. See page 10, posts 138 and 149.

Auslanco 15min GBP/JPY startegy

See post #265. Always use "daily" and reset the starting time for each trading session (asian, london, ny).

Auslanco 15min GBP/JPY startegy