Nice, The daily DJI chart shows that dow should have an upday tomorrow, which would only add to my justifications of longing. It looks like there is a pin off of support levels. Yeah I know that's a lot shorter term than what FX-Petra is talking ...

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

I'm not sure if I posted it before but I have a long order open on the Eur/Usd and I've also added to my gbp/jpy and usd/jpy longs. I think we will see more of the retracement upwards needed before possibly moving lower. As said in previous posts ...

MW's trading journal

Nice stuff M2B! I always take heed to what you write, because it always has excellent reasoning to it.

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

I think we got a nice correction on it down to 228.75. It worked out picture perfect. Now that this is over, I am looking to see more upwards tomorrow because today finished very bullish.

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

To me, the Pound isn't really looking like too good of a setup as we are just tuck in that ranginess. I now have open a Eur/Usd long from 1.4724, along with a gbp/jpy and usd/jpy long. The fact that I think both of those will rise potentially adds ...

MW's trading journal

Hey Tiki, It's based on technicals and now with the Fed dumping money, that's just going to add to, like you said, a crash at a later date. No classes today here, I've just been studying for my finals tomorrow...which hopefully work out good. It ...

MW's trading journal

I have a couple of shorts in on the Usd/Cad from 1.0145, 1.0128, and 1.0117. I think we will see more downside movement throughout the night and into tomorrow. The daily close is working out perfectly and this will only fuel my shorts (I do believe).

MW's trading journal

I don't really know what you were just trying to say. Whats a tiny w? lh lh?

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

I think you mean long. Dojis signify that the previous move has exhausted or is close to it. Without any other confirmations, they should be used kind of like a yield sign.

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

People loading up for interest. It's actually not a bad idea, but I need to come up with a way to exact my entry to gain the interest and then close out right after. If I would put in a large position, that would add a nice little income.

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

hahaha that's right. It's a demotivator. www.despair.com has them. I think they are all hilarious haha

MW's trading journal

I agree. That seems to happen every wednesday now. After that, I will look to the higher timeframes (daily) and see how it looks. Right now we are at the top of the range and so I don't think I would post any trades until a clear breakout presents ...

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

Yep. On the 30 minute chart, its turning out to be a double low and we'll probably get a higher close. This was off of a support level and so I'd hold more weight to it. Nice look.

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

Agreed. I'm still holding onto those shorts waiting to see a clear breach below 229. I actually doubt it will happen though. We are lingering here for way to long. That just shows me indecision.

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

LOL I might not be too old, but I'm the same way haha I sometimes just eat because I forgot if I did or not hahaha

MW's trading journal

It's only wednesday Tiki! lol There's still time for it to come down a bit and I think that tomorrow will be the day. If the daily closes as is or close to it, I am thinking it will be valid.

MW's trading journal

Simple Price action on the 4 hour chart showed that. It blew past light support and now 228 is the next target although I am unsure as to how it will react as it approaches that level. same thing went for the Usd/Jpy. Price action noted a reversal ...

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

Yeah I did. lol I said it in the first few posts I think. I am using The Vegas fib line system. I don't use the exact models like he does, but instead I just plot them all out and work that way with it. It's working fairly well for me. I still apply ...

MW's trading journal

I have a few scalps in on the Usd/Jpy and Gbp/Jpy that are going good at the moment. The more I think about it, the more I think maybe I should post scalping results. Scalping, in ranging times, is an effective technique for trading IF you ...

MW's trading journal

Check out the weekly. I think I have it posted somewhere in here. It coincides with my system pretty well too. Post 269.

MW's trading journal