Up, then down, then sideways a little, then more down. lol In all seriousness, take a look at Auslanco's post. I think he is spot on at the moment. He posted that we would meet the 5 sma or ema at 226.50. I would agree with this, although I think ...

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

Looks good to me! I actually posted earlier in the day at the Gbp/Jpy thread that we would see 226 again before more downwards movement. I came back and it's worked out perfectly so far. I am going to add to my position as well, being that all of my ...

MW's trading journal

I am already and still in on them. The techs are all pointing down and now the dollar lost some value so that should push the Usd/Jpy down further as well. That drop today saved my ass actually. lol I was still holding my previous shorts. Faith in ...

MW's trading journal

I've posted a short on the Usd/Jpy at 110.61. I'll post my justifications for the trade after a while.

MW's trading journal

OK, thanks Karmo, I appreciate the input! I have a few profit targets to look into now. For the main, I am sticking with my system without a doubt. On the other hand, I will be looking into yours and Gene's and see if either are concievable to me ...

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

I'd agree with your thoughts on an incredibly low target, BUT by the time we are in the teens don't you think it would be a little exhausted? That would be my guess, which is why I would have my take profits right above the areas of support that I ...

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

Hey Ross, I'll send you a PM in just a moment.

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

Good stuff Karmo. Could you tell me why your only seeing 216 if the previous area gets broken? Is this just a conservative target? I could easily see a bounce from either area that you just said about. Thanks for the info, it's great stuff!

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

Good stuff Gene! I've been reading your thread since it started now. Ladies and gentlemen, we have a real professional here.

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

No no no FXPetra. You can't blame yourself for anything that someone else has done. As for having a bad call? This is forex. Call them as you see them and not every one will turn out to be profitable. I've made about a billion REALLLL bad calls ...

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

Ok, so now that the news is over I am going to post a few possible scenarios that could take place. This is just my analysis of how price is currently behaving. We will start with the weekly charts, then move all the way down to the 4 hour- well no, ...

MW's trading journal

Why is it frightening?!? That's a good opportunity in my eyes!

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

Sure thing. It's easy to get caught up in the little things, and then lose sight of the things that matter (the defining trend and overall direction of movement). Just like in life, trading is the same way.

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

Agreed. haha I'll take any lower price I can get. Ok, so now that the news is over I am going to post a few possible scenarios that could take place. This is just my analysis of how price is currently behaving. We will start with the weekly charts, ...

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

Could have been a mistake. Mine is around 225.22 on my MT4. My others agree with it as well.

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

I'll be looking to short the Usd/Cad again once price action tells me to as I still think that the bearish pin coupled with resistance on the weekly timeframe will play out. I think we will end up reaching the prior lows again, and I may start ...

MW's trading journal

Wow, no need to sound so morbid. lol

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

Eur/Usd just stopped out for 19 pips. earth shattering. lol Better than a loss any day though. Once things calm down, I am still going to be bullish on this pair once I get some confirmation from price action. I am now bearish on the Usd/Jpy as I ...

MW's trading journal

This could be a good piece of advice for you Forexnovice; Go with the flow man. Good luck to you on your position.

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

Thanks Karmo, I'd like to say the same to you as well! Not to get too sentimental or anything, but you've played a huge role in my education of the markets so I'd like to say thank you for that too.

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