Nothing is risky if you thoroughly understand the risk.

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

DOW = GJ — Headline for the day, strength in the global economy due to the technology sector. DOW +144 closing a bull run rally led by the home section..... at least for the moment..... lol Markam's right.... follow the DOW when you trade the ...

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

Dow moving back just above +100 just before the closing bell. Some of the reaction was from an unfounded rumor. LOL watching CNBC

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

PMS — A new indicator to follow. The premenopausal emotionality in the US / global markets... better to move out of the way until the 'mood swings' dissipate. Dr. D.

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

Don't get too anxious. Looking at all the yen pairs, they are all playing with the 23.6 - 38.2 fib range. Will they move lower or bounce up. Wait for the 4H. GJ is right at the 23.6. Remember every healthy move needs a rest.

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

Amazing what 30 minutes brings following FOMC

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

particularly in the housing market

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

and stupid people are the losers

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

the market giveth, the market taketh away........

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

Ouch! It was the last hour of the 4H that did it's dirty deed and I was gone for the better part of that hour. Came back only to discover I had been stopped out of my trade @ 240.78 (100 pip SL) but still feel the bite. I pride myself in an ...

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

Just post your result here.... That was the largest single hourly move (body of the candle, i.e. OC) for quite some time. 133 pips Seems to me that the DOW ought to be an hourly indicator to add to the mix. I keep CNBC / CNN running on TV in the ...

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

As I said before in #4004 Quote: Originally Posted by digitizer123 image Ohhh . . are you short now????? Weren't you trying to sell us something about The DOW dropping makes the G/J drop and the fancy charts have no value??????? What is your deal ...

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

Now were acouple hours forward since that ~38.2 retracement and the fib lines confirm that another wave of consolidation has failed to recede above the 23.6%. The pattern continues down and not in the fickle, random fashion that I once thought. I ...

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

I don't see it that way. I see Markam's posts bring a balanced perspective introducing fundamental factors that are the "real-time" drivers in the forex.... not charts which are after-the-fact data. Fortunately chart patterns showing the past can ...

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

looking at the big picture — Remember, Karm gave his SL at 241.40.... that's 180 pts breathing room with targets at +200 and +360. looking at some fibs since 7/20, even a SL back to ~243.10 is just above a ~38.2% drawback. Not saying that is ...

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

learning from all angles — Markam, Glad to see you bring the fundamental perspective to this forum.

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

support — Looking forward..... 238.28 237.57 just some previous daily lows on my charts, IBFX

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

News — Looks like it still may close the gap back up to the 240.90 area!

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

Decided to bail at 240.68 for 50 pips X 3 minis. I'll watch to see what the 4H develops.

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

I'm with you: Wow it took off average entry 240.18 TP 240.78 SL 239.98

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