DOW is already 100 points up from yesterday's close.

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

Bit of a test coming here.

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

It's called your imagination. Unfortunately, it is detached from reality (most of the times)

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

Unfortunately, de-mo accounts don't tend to have the same effect

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

Each to themselves. I'm not saying they are not tradable at the shoulder level, but a high probability entry (in my books) is at the breaking of the NL. A shoulder trade is more risky. Of course, you can disagree

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

If someone throws 10,000 lots ($1 billion) into the system, then it is going to move the market. Every trade ends up going into the system (whether you're online or not) - although there is no central system in forex.

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

Thanks for your chart. Strictly speaking though, entering a trade solely based on a H/S formation should be done once the neckline breaks and normally on the throwback. If it was just used for confirmation then that's fine.

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

Billions will certainly move the market. Price is based on demand and supply.

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

Great chart Wolf. You always seem to have a few lines that I have yet to discover so it's nice too see things through different eyes. Now my wife is the same. What's up with these women?

Daily GBP/JPY analysis

Do you have a chart to explain why?

Daily GBP/JPY analysis

Right shoulder? Can you post a chart and highlight it? I can't see a right shoulder. I can see a H/S formation on the 5 min but that's about it.

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

Yeah, sorry about that. I just entered a few too many lots to my short. Just needed to buy some back. I hope it didn't cause too much of an inconvience.

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

Yep, this is where your system can come in use (to me) - your entries are well defined. This can cause me problems at times as I sometimes get stopped just before the move. Bloody annoying when that happens!

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

I am expecting a big move on Friday/Monday. I wont enter unless I see an opportunity. We could get a big spike up first before it reverses or even continues so it needs to be played with care. On the DOW, if price continues to stay around its ...

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

If the channel breaks downwards, we could possibly see a big fall. 50ema sits just below it. Chart attached.

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

I'll close for 100 pips and move stop down progressively. I entered at 1.4160 (just above the 161.8 level). VT has died here.

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

You are in the US right? My Euro short is doing well. Seems to be more active than G/J

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

Maybe this is a good opportunity to unpack your excercise equipment?

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

Not sure. PM me your bank account details with a copy of your passport and a sample signature and I'll let you know I'll send a test amount of $7,000,000 just so you don't confuse it with anything else.

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

Up or down? We are kind of half way at the moment. The triangle's apex is close to the S/R line.

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