retracement — Mike In my original posting I mentioned 'if it happens' for the retracement. The GBPJPY will follow dj-30 today as they are still very much connected at the hip. DJ-30 high yesterday was 12460. We are finding good support there ...

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

gbpjpy retracement — If this happens here are fib values of 209.2 to 212 run 23.6 = 211.26 38.2 = 210.83 50= 210.50 61.8 =210.16 Typically retracements are 50 % or 61.8% fibs Currently I am flat , but am looking for clean break out of 212 or ...

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

Contrarian trading — Ever heard of the contrarian indicator ? Yesterday most on this forum thought gbpjpy going down so you go long Now most think gbpjpy going higher so you go short. In another club traders were all saying dj-30 going down , ...

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

Following my last post of yesterday. Double bottom off 209.2 on 60 min with bull divergence rsi right on 61.8% fib of 205.87 to 213,86 gave it all away. Been long since this price level and closed at 211.70 as price dropped off fib level. Also ...

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

gbpusd in relation to gbpjpy — There seems to be no mention of that triple bottom on the GBPUSD daily with a bullish divergence on the RSI14. If retail numbers come out as expected tonight the gbp could get a lift. Also NIKKEI 225 and HANG ...

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

False Breakouts — Try this for a confirmation of a breakout. If the breakout is to the long side go long 15 pips higher than the high of the breakout bar. ie if the high of the breakout bar is 210.3 , go long at 210.45. This will confirm the ...

(False) Breakout & Trend Reversal Strategies??

usdcad bull flag on 60 min — I do not post much on these forums as the times I have , I have been attacked. However here goes another try. If the CPI comes in as expected tomorrow then the currenct bull flag on the 60 min will be broken to the ...

USDCAD trend reversal?

GBP JPY — I have switched to a 4 hour chart. It seems that I have to watch forex less and only really check it at night before bed (10 pm PST ) and in the morning ( 5 - 6am PST). Using the technique, applied to when the RSI (21 period) crosses ...

Part Time Wealth Building Trading System

Thanks for the awesome Thread I use a similar version of RSI 50 cross over that allows me some sleep. Charts :2 hours RSI period 21 Long trigger generated when RSI crosses 50 Entry is high of Long trigger bar plus 15% of the ATR Stop is 50 pips ...

Part Time Wealth Building Trading System