Retrace to daily 5sma? — To the majority here who are long: you sure this is just another retrace? - maybe to daily 5sma? My faith in the long targets is getting shaky. 4h momentum has been down for 12h or so, we are now piercing a trendline ...

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

very easy: go to 'indicators', select 'moving average', select type 'simple' and period '5'

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

Let's hope you are right. Are you not concerned about the momentum down on many timeframes now? (sorry to be going on about it, but you always point to this key indicator) thx!

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

what do you mean? we are at the 30min 5sma now? I don't like the price action. also, momentum down on all timeframes but 1h

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

hopefully my scepticism is misplaced - another bull attack on 234 right now - come on!!!

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

or he may decide not to enter any further longs as he will not like the 4h momentum pointing down. We are also close to a downwards TL from Monday's high 235.50 down to yesterday's high 234.55 - maybe it won't break that at all. I'd prefer that ...

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

4h momemtum down! — at the open of new 4h candle on VT, the momentum is now pointing downwards! - how significant is that? does that suggest we may not be going any higher but down from here? Thanks Aus or any other experienced trader here for ...

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

Daily chart signals — The short term outlook seems pretty bearish, but I still believe there is a good chance that this is short term noise and that we will see significant upmoves later today or tomorrow. The major pairs GJ, GU, UJ, EU, EJ ...

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

how do you interpret momentum still pointing up on daily and 4h?

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

enter now or wait for retrace? — should one enter long asap or what for a retrace at least to 15m 5sma? thanks!

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

Aus, you are such a chief! Earlier I was so proud of my successful TP @ 231.65 when I thought a fib was a more reliable target than 5sma and was also doubtful whether price could go higher... and then? higher did it go to bounce off ...

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

I don't like people seemingly gloating about their successes, but on this one occasion only I report a great trade just closed not possible without Auslanco's help - so one last time from me MANY THX! Long @ 228.55 TP reached @ 231.66 (JUST! in a ...

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

sorry, your 2nd TP is 5sma, but why your @ 110 pips profit?

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

Hi Aus, what are the reasons for your TP's here? I have fibs @ 229.31, 230.49, 231.44 and a TL @ ~231

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

Hi Pino (sorry about late comment to your post, I only came on now) I also had a (desired) TP @ 9950 but there is both a fib and daily TL @ 9960, so it was very possible that your TP would not be reached, in fact, I had my TP set at 9960, but it did ...

Cable Update (GBPUSD)

I also thought it would have started a retrace by now, but it is continuing to go down... ... do you have an ultimate SL? will you hedge at some point? or do you just let it run wherever it takes you?

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

many thanks Aus, I really did not know that critical part of market movement before you came along! maybe in a few years - or less - and all us her have become rich we should throw an Auslanco thread party on a boat on some ocean... ...

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

Hi! are you sure? 230.66 got rejected twice?

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

be careful with signals on small timeframes; that candle is a very good signal on D1, good on H4, ok on H1, but IMHO not worth relying on <H1

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

still down??? — I am just coming back to my PC after a few hours away and was assuming it'll be up by now, can't believe it isn't! just called them again: apparently it's a server problems, some of their servers have been restored but other ...

CMS/VT platform down