candles — Pull of a weekly price chart. According to the charts, the GBPJPY has clearly been in a long term trend for years. On the other hand, long term might only be what the margin in your account is willing to bare... (bear..... or bull). ...

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

Dissappointing week for the GBPJPY? — There's no gloom unless you are frozen in your position. Disappointing? Depends on how you look at it. Maybe diappointing for the Dow and if you are holding a long term position with this pair since the GJ ...

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

Ktrade and CNBC — "Nothing has resolved the systemic ills" ... (CNBC) (closed quote)... ...inherit in this risk averse market even if the financials (which have contributed to the recent huge volatility) are up for the week. "Daytrading is not ...

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

At this very moment with 30 min left in trading, the dow has reversed much of it's losses (only down -14) and likewise the GJ has returned exactly to the point where it started at the beginning of the week. 239.77 Why would anyone hold a short ...

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

Forgot to point out... a similar pattern is displayed back in 3-12-07 where there was a retracement completed and a return to the long term trend on all of these charts for these pairs. Or should I say, the dow is the leader.

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

Signaling a reversal? — I hope the dow moves up. Here's why... if the GJ should follow a mere 40 points this would create a very interesting weekly candle formation. Long upper and lower wicks (high and low) with 787 pips of movement range for ...

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

IGNORE MINE and GET SOME REST — Correct me if I'm way off in quoting you... acouple week ago you mentioned you were a trend trader and would seek larger moves with numbers of pips ranging in the 200 - 300+ per trade and might only find 5 - 8 ...

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

Could someone please tell me..... who have I been stealing from?

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

I've lost track on how many trips I made thru the checkout lane only to decide to go back in and shop for more.

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

Thanks for sharing your trading system. Dr. D.

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

Mjolimer, You have a PM... with a question. much appreciated, Dr. D.

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

242.57 a key retracement number — Wondering if this is a key area...... coming and going. From the big move up (239.85 - 244.12) the 38.2 fib is ~ 242.63 and now from the retracement down (244.12 - 241.71) the 38.2 fib is ~ 242.48 242.57 ...

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

That area has served as a resistance barrier 11 times on the 4H since 7/31 and now should offer a strong level of support.

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

Those details are powerful guidelines in trading within retracements using your SI strategy. I hope you'll post those principles at your training site. Thanks, Auslanco

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

SWEET!

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

Good find! 15 min 30 min and 1 hr show it well. Less reason to stay long in your shorts... unless you like wedgies. lol A true wedgie will make you squirm everytime.

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

Imbedded t — For now, the only shorting going on is playing (anticipating) the pull back / retracement / consolidation / rest cycle. I've pointed out that there is a strong level of support down around ~242.70"s which was a significant level ...

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

Shorting now might not be such a bad idea if you want to scalp up to 100 pips for more... For the long term longs... I see this consolidation wave pattern lasting into the London - NY period or beyond with a futher pull back that could drop to near ...

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

crop circle? — Looks like a satelite image of crop circle... and a frenzied bull and a bear on the loose.

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

PGO — Karm, Perhaps the noose is loose... Loose enough, that is, since the 4H candle had some upper wick and saw a higher high at 16:00 over the previous at 12:00. Contrasting that with the hangman or hammer seen at 12:00 on 7/31 with very ...

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