PS. If AUD drops below 0.9480 then I will take this as a sign of reversal and go short at an hourly close above 0.9515:18:
GU has reached a very important level IMHO. A close below the current low = 1.6067 should trigger a long (as long as there is no gap up because if there is we will wait until there is a lower close with no gap up):5:
1.6067 I see as having been the long on GBP/USD. MAIN stop loss as usual is 40 pips (I sometimes add an extra trade with 10 pips sl as this often yields good results):51:
Optimised longs on GBP/USD came at 1.6064 and 1.6059
TP 1 is 1.7428
TP 1 is 1.7428 ?
Is it right ?
long impulses occurred around 1.6074 on the 1 minute chart with the initial break below 1.6075 on GBP/USD to shift the pair north once more:60:
Now at 1.6026 at 18:00 gmt there has been a more perfect version of our earlier entry. The candlestick is clean and the gap clear. I have entered long on gu with my smallest stop loss only 10 pips at 1.6015:47:
Are you serious? A 1400 point move? GBP/USD hasn’t been at this level since 2008. What are you basing this target price on?
[30/10/2013 10:04:14] prosperityfxpro: Hi everyone. GBPUSD is moving up nicely.
AUDUSD is interesting. This is what has happened:
Price dropped below 0.9473 - an important technical feature of the uptrend - closed on the hour and gaped up - then headed north.
If indeed the AUDUSD is in short mode then the closest short that may occur is an hourly close above 0.9517 with a gap down. Alternatively price may rise higher than 0.9572 before giving the short. The picture is not as clad as gu and eu for now
Soon I will be looking to enter EURUSD short with a 15 pip (fifteen pip!) stop loss to enter the retrace short down to below 1.3653 levels (so 15 pip risk with >100 pip profit) Watch how I do this.:47:
[30/10/2013 12:01:36] prosperityfxpro: we have another reason for price to rise on gu right now at
[30/10/2013 12:01:47] prosperityfxpro: 1.6062
[30/10/2013 12:01:58] prosperityfxpro: I am attempting this with stop loss 1.6016
correction stoploss 1.6046 that was a typo
only 15 pips
soon I am getting a reason for price on EURUSD to drop… i will just call it a 'short; for simplicity’s sake
short eu at 1.3777 stop loss 1.3793
upon an hourly close below 1.6062 on GBPUSD you could try a long with stop loss 1.6046 / 1.6042. This is what I call the hourly confirmation and although quite rare is quite powerful:37:
So I took the long on GBPUSD at the hour open just now and look how it soared!:47:
Similarly to GU EU could have a short at an hour close above 1.3777 with stop loss 1.3793:26:
yet another such scenario on gu at 1.6060 at 14:27 and loo at her go!!
15:04 / 1.60599 was yet another instance of upward thrust for GU:58: