My IBFX charts show it's been trying to hold above the 38.2% retracement (@~240.38) on the push from 239.95 to 240.60. Same as ~38.2% on the more recent imbeded trend from 240.13 - 240.51 Looks like that is a key support... ~240.30-35 needs to be ...

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

If this current wave holds above 240.24 - 240.30 it should oscillate on up to wind further tension in this spring

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

pushing up and building tension on the spring

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

SI Strategy — Auslanco, Thanks for this thread. It will help each of us interested in improving our trading skills using your system. Much to learn. Dr. D.

Auslanco-GBP/JPY Strength Indicator strategy

Karm, Looks like it hit your projection (`240.30-40) on the first wave of fib. retracement (38.2%) and trying to build another wave perhaps on up to that 240.90 area (50%) as as A suggests.

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

Thanks Auslanco, I've been trying to locate the strength indicator on VT. Glad you're doing well! Dr. D.

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

Karmostaji, Excellent. Let me add my appreciation along with the others for the very understandable presentations you offer show the charts and explanations. It is easy to follow and I am definitely learning TA at an accelerated pace with your live ...

Daily GBP/JPY analysis

taking it to the next level — My thanks goes out to the many who post here showing their various levels of expertise. You know who you are... and to all those who are new and learning for the courage to continually ask pertinent questions. Two ...

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

I knew that this market was 'steeped' in mystery, riddles and double talk. ha ha

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

divining or defining the markets — "...works better on equity markets than on the forex one." How so? I'll take that as a word of caution and good advise to not rely on one single signal. The candlestick patterns are based on hundreds of years ...

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

and C (corrected / addition) — simply displayed in the OHL and C of the charts in the bar or candlestick, whichever preference you chose

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

candlestick charts and Steve Nison — Anyone ever heard of Steve Nison? I suspect he is one of the masters of Japanese candlestick charting / analysis. We stare at these price charts and are often oblivious to certain patterns crying out for ...

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

GBPJPY------------- SPREADS (on topic) — sorry..... Sometimes listening to where a person is putting their stop gets a little monotonous too. I have a question... is this thread limited to technical analysis... or can other trading strategies ...

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

carry trades — Thanks for your perspective. Inspite of these negatives, do you still like the broker? I'm not sure that EFXGroup and MBTrading are identical on all matters. So I really don't know at this point. Then, is there any one perfect ...

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

Moved mine to 241.91.... and exited, scalping long after the last two draw downs. Now I'll wait and go back to......... sleepinginadumpster

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

Commission — EFXGroup Commission: $5 per 100,000 traded (1 standard lot) $0.50 per 1 mini lot traded $0.05 per 1 mico lot traded All accounts have variable lot capabilities in their platform so it can be configured at any default level down to ...

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

the ZERO spread — GBPJPY 1 PIP! I have a broker..... efxgroup.com (introducing broker with MBTrading Futures) that offers this. They have variable spreads and fixed commission. Hence, they are a legitimate non-dealing desk broker. Why, they ...

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

Only answer one question per day and then you'll not ruin your health, burn yourself out or lose your mind and end up.... .....sleepinginadumpster ....... and wondering if that where A is. lol

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

5SMA — Great call and tip on using the 5SMA as a retracement indicator! I continue to learn from your posts and discussions on TA indicators. I see that many here rely on the 4H and 1HR (and Daily) price chart. I've noticed that the 5SMA gives ...

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

an audience of none — In 'his' absence. Isn't that interesting. Looking at a daily chart, thru 7 hours. Stuck at the same OC. It's a doji day.... sleepinginadumpster

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