Hope everyone's still in their bermudas. The Weekly 365 EMA is at 207.11 from where price made a 530 pip retracement last week. The Weekly 365 SMA is around the Monthly 50 fib. Good night All. Trade Well

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

I wish you the same Bud

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

For those going strictly by the book, QQE 5(thick blue line) has to cross the the dotted black line b4 a short signal on the 4hr. Again, if the 1hr QQE 5 is way below the 50 line, then we have have to wait for it to become bullish & then bearish ...

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

Nice Charts Q. Love da Avataar!!

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

Bearish Gann crossover on 4hr. However QQE 5 has still not crossed down as pointed by Shahroodi. SL hit & done for the Week. Enjoy the Weekend Guys

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

I am using GMT time. Price is below 1hr Gann but still above 4hr gann. Will post chart as soon as the next 4hr candle opens in 15 mins.

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

Staying by the side lines is much better than trading for the sake of trading, particularly when its counter trend. For me its more like a good RR as I reduced SL to 50 pips.

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

GM. Read this post url . Throughout the week I was selling rallies. I am trying this long with a small position since its counter trend. Either way, I would be glad to clear the confusion. So what was the confusion?

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

Make that 'Big Boss' or 'Pro' or even better 'Unknowns". I am long from 109.7 targetting 61.6 fib on 4hr with a 100 pip SL.

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

Eureka !!!

Cable Update (GBPUSD)

Agreed, the nose is not exactly protruding out. Tomorrow's close could be another Pinbar countering the Highlighted one and the downtrend could continue although this is just an assumption. Price will show the way by tomorrow's close.

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

My Day also begins at 00 GMT. Highlighted one is yesterday's Pinbar. I am also targetting 200 & lower once we are done with these short term retracements.

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

Thank you for pointing that out. I have a lot of brushing up to do regarding the various chart patterns.

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

On the lower TFs(4hr), you are right regarding the rejection from 50 fib. However on the Daily, we have a Pinbar to consider. Also, price is still above the 4hr Gann as pointed by Quecee & another set up for a long is imminent IF the 1hr gann makes ...

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

Thanks for the suggestion Aka4x. Pmed ya. edit-if anyone is having any problems downloading or anything, pm me. Sorry everyone for the off topic.

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

GM all. A mighty good question there. I never rely on the extensions even when price breaks out of the 0 fib or the 100 fib. That is where the pivots come in handy for setting the SL/TP. Come to think of it...lol...I have never used those extensions ...

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

The fibs on the 4hr are upside-down. Is that the twist? If not, please elaborate. edit-Its already 2 am here. Good Night & do explain the twist

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

Good work on the longs Good Night all. Trade Well

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