I'd agree on that. It's looking fantastic to me, although G/J isn't at the moment. I have to rationally think as to whether I want to hold onto it or not. The weekly will be closing above a support area and so I think that would give some momentum ...

MW's trading journal

I can't give you too much advice except this; You need to learn to adapt to a changing environment. The foreign exchange market changes every year, it seems. You need to be able to create a means for yourself to efficiently trade even while it is ...

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

Closed for + 121 and an overall negative of 23 pips.

MW's trading journal

Nice stuff Tiki. This would give me more reasoning for shorting my other pairs as well. If this plays out, we're all rich men! lol Thanks for posting that so we can now keep an eye out for it.

Tiki Trader Trades

I didn't get a chance to close out my Gbp/Jpy positions last night, but looking at my charts, I can still see solid justifications for having them. In the very short term though, it looks like we will see more downside for this pair. It looks like a ...

MW's trading journal

I closed out my Euro position last night for a loss of 144 pips, but immediately opened one in the other direction (short), and so far it's gained 127 (opened at 1.4553. I will close this once price action tells me this correction is over and then I ...

MW's trading journal

Sure thing. That's a difficult part of trading is to maintain sight of what's happening over any timeframe above a few hours. Good luck to everybody trading tonight.

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

Gaps can take a longgg time to fill out. Believe me on that. Don't base your trade solely on the fact that there is a gap. I'll refer back to M2B's post so everyone can see what is still taking place once I can find it. 233 is still a possibility or ...

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

Alritey, thanks. I'm going to go check it out. Before that though, do you know exactly how it works or were you just going by what FXCM was saying? If you don't know the exact parameters of it and how to trade using it, I think you need to learn ...

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

I don't see how that works out. If there are more buyers this week, percentage wise, the currency pair would rise. Then again, who knows. By the way, where did you get that info from?

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

lol sounds good! Right now, I am looking at the Usd/Cad from a longer viewpoint. Every lower timeframe is indicating upwards on it. We could both be right actually depending on what happens next week. Of course I wouldn't hold it if it went that ...

Tiki Trader Trades

I'm actually thinking of creating an order for the Nzd/usd again if an opportunity arises.

MW's trading journal

I'd agree. The only thing of importance to me is if the eur/usd bounces back above that trendline. If not, then I am out of that trade. Other trades are still in however, and in the red right now other than the Jpy trades.

MW's trading journal

Hey there Tiki! Good looking stuff so far! Now I'm going to invade your journal!!! mwahaha. lol I'm with you on the Usd/Jpy trade. I hope it works out good for our sake!

Tiki Trader Trades

I would rate this as top post of the year. Money management, ladies and gentlemen, is what will keep you and your accounts alive in this business.

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

Actually, for the time being, it could probably drop the dollar lower. This is because it will take a while to get the equipment needed and to actually start the drilling process. After that initial "roadbump", I'd say look out. This could be an ...

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

I haven't kept in line with oil for a while now. Did this already happen or is it just a theoretical scenario that could take place? If this were to happen, I don't see that it would create that great of a scenario actually. People, with the oil ...

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

Nice stuff Mr. Trend. I'm a big fan of your work in the markets. That coincides with my charts as well, although there is quite a bit of support after and at the 163 area.

Mr. Trend's PA Thread

Agreed. If you want to see a real push in price, you have to willing and accepting of the fact that we need more conveniant prices to pick up the buyers needed in order for the market to move to the upside.

EURUSD

Yep, You did call it perfectly Tiki. I was a little blinded by the resistance area that was showing at the time, but now it looks all too clear of a setup to that area. On my longer timeframes, I could see your target of 114.40 as realistic as well, ...

MW's trading journal