OK, here we go. I forgot to post all my trades that closed because of the news madness. On the gbp/jpy, I was short and still am. All those trades are still open. I closed out the Usd/Cad and Usd/Chf trades for a profit of, collectively, a whopping ...

MW's trading journal

Very much so. On another note, to anyone that lost money on that movement. Write it down and learn from it. By the way, this chart shows why I love higher timeframes. We got to resistance and then crashed down to continue our prior downtrend. Good ...

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

Hey Mr. Future. Trading isn't about making every single last pip. Yes, it would be nice, but your going to find a lot of times that you would try to hang on thinking that it will move further up or down only to be disappointed. Consistent profits ...

Cable Update (GBPUSD)

Sure thing. I wouldn't personally trade that if you aren't already in a trade however. If a pin is in traffic, it carries less weight. I'm unsure as to what we will see up until newstime. The best thing (for me) is to just walk away from my computer ...

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

For me, the last hourly bar closed as a pin. It's in traffic however, but it does call for more downside. We have immediate support underneath it so we will see what happens.

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

Better price . I've seen this happen in the past. Right before a news announcement, the pair will drop to create a better price for buyers. I could be wrong on that theory however. Has anyone else ever noticed this?

FED will Cut Rates??

I closed out a good bit of my trades last night as I could see them clearly starting to try and reverse. I'll post them after I come back from school.

MW's trading journal

If you didn't over leverage your position and you already have a set and defined risk, then you'll be fine. If not, then maybe you have a lesson to learn from it. I am personally short because on my daily timeframe, we are facing resistance ...

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

Nice stuff Mr. Trend! I hope it all works out great for you. The videos were great by the way. Well, I only got to watch the first, and I liked it a lot. The second is on my list for tomorrow.

Mr. Trend's PA Thread

Well, look at it this way. Bring up your charts and look at the 4 hour or 1 hour charts. We've been in a tight range now of like 45 pips for the past 2-3 days. This hasn't happened for no reason. People are tentative on taking positions because the ...

MW's trading journal

Even if you would, there are always a million more, that's the beauty of it! I truly can't see that large of a move happening before the news. It's like the calm before the storm, even if the storm may only bring slight showers. lol

MW's trading journal

Because so many people don't take the time to learn. Instead, they want instant profits, which is unreal.

friend wants to leave 100k, for 5%, riskless profit.

I'd agree that it is never Fully priced, but most players have looked at it that way and so most are going along with what they think will happen (those damn newstraders! haha). As for the Usd/Jpy, you could be right on thinking more upside movement ...

MW's trading journal

I think the rate cut is already priced in though. With that, there will probably be a spike because of hopefuls but afterwards, prices could tank. Price doesn't really do too much if the rate cut is already priced in. What do you think on that? I ...

MW's trading journal

Looks to me like tomorrow's news is going to be the "pusher" for all of my positions. I'd still like to see some downwards movement on the Gbp/Jpy throughoutt he day today so that the technical view of things would coincide with price being pushed ...

MW's trading journal

Looks like you didn't fully read the article. "Across the remaining majors, the USD did not gain significantly and the lack of momentum leads me to feel that the market may have a bearish USD bias at this point." With a weak US dollar, I don't see ...

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

I'd agree with this and I haven't really looked to far into the Usd/Jpy but I read someone saying there is solid resistance coming up- The same goes for the Gbp/Usd. I'll look into it later tonight and post charts with my thoughts on it. By the way, ...

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

Nice, now we have a contest of sorts going lol I have to figure out how to post up my statement from my broker or I'll just post my +/- for the week. I'll probably start this week. I will include the trades that I have opened already IF I would ...

MW's trading journal

Now we're ending the week in a positive note. I think I may post at the end of every week my profit/loss. This will allow me to have a solid understanding of how, when, and why I took the trades that I've taken when I would have long forgotten about ...

MW's trading journal

I've closed the Nzd/Usd trade out at .7756 for a gain of 116 pips. We are getting a pin bar on the daily charts indicating that price will probably maintain with the range for the time being. I will get back in once I get another solid buying ...

MW's trading journal