if your holding long term trades it is possible, but at resistance levels there will always be retrace's look at last week we we're at 139 and than came all the way back to 159

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

main TP is 150 before I see any real chance of heading back to 160

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

once we hit 153.50 i'll add on to my short from the bounce off that

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

i'm still holding my short from 155.60

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

1 thing i've learned here. if malcolmb post a chart and levels. even if it retraces. he's usually right he's got the mad skills

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

I'm looking to go short again at 155.50

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

good trading and sleep well

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

lets fight over 155 now lol

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

get reaedy for bounce lol

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

if your a newbie stay in and ride it. just adjust your stop loss so if bounces way back up you break even at least

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

1m and 5m show uptrend starting again, maybe short lived but its there

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

i see a struggle with it at this level. I'm waiting for confirmation on direction

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

[quote=malcolmb14;2310974]that reversal candle suggests they may be lurking around 156.5 /.. 3 min chart Ok I see that and yeah now here we are at 156 lol

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

I dont see strong bears at that level we might touch 156 and bounce up again.

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

My 1m, 5m and 15m all show a turn to head back up

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

HELL NO!! made $80.00 LOL LOL LOL LOL

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

malcolmb14 I am using the 1m, 5m and 15m off your trading strategy so I opend a mini account to test with money I dont care if I lose. so far the past week and half I am up and learned alot. I wont go full account on this for at least a couple more ...

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

yeah the one I'm testing on right now is a small account LOL. sorry should explain more. I'm only trading .20 cent pips for those that dont know.

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

WOW I hope some of you caught that 300 pips up. I literally just doubled my account!!!

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

Thanks lilmoe. Ok i see it now and yeah if we can sustain a good break above the channel it should go up to the 160 retracement high from a week ago. of course that's a long shot

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