I just tried to make sense of that...haha That's a shame.

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

How's it looking on that side of things? I never really got into the system, but it seems to work great.

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

hahaha That just made my day... Anywho, This doesn't relate to the Gbp/Jpy, but check out the weekly Usd/Cad. Looks like a good long term trade coming up on it. What does anyone else think?

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

LOL at the rate I'm going at the moment, I'm going to have to drop out!!! haha In all reality, everything's going good though. I'm only making a few pips here and there, but that turns out to be enough. Anything less and I have to start selling ...

MW's trading journal

I could see that as a possibility...but I am just trading how I see them at the moment. I can't see the big boys so I don't trade them lol. We are at the trendline and if it breaks, then I will incur a small loss. If not, then the reward will be ...

MW's trading journal

I'm not trading based on just that 1.5000 level. I am trading it because I think it will comply with the trendline. If not, then I will take a small loss.

MW's trading journal

If you'll check out the daily and weekly charts on the Usd/Cad, you'll see that we couldn't break the resistance and are now moving away from it. I think it will take a few weeks for it to pan out, but in the end of the move, I think we will see at ...

MW's trading journal

We are getting a test of 226.70 to create the retrace from the last bar in order to move down now, IMO. Within the next 4 hours, I think we will see a drop or just consolidation which tends to be a favorite on fridays. We are in between an area of ...

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

Non farm Payroll reports. It's a news event that usually moves the market a good bit. It's based in the United States.

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

Nice, thanks pipchick. Sorry I didnt see this post.

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

Very true about this being friday and anything could happen. What would your take profit be in this long? The only reason I am asking is because I would like to see anyone else's insight as to what they are thinking on this pair. I am seeing solid ...

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

Hey intelmaster, I am with you on that. I placed an entry yesterday as well. 221 is going to be my first target too. I think anything lower than that at the moment and it won't take profit for me. That's a safe area for an exit in my opinion. As for ...

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

Yeah, I am on eastern time so that is probably the difference. It all turns out to be the same thing though. I could put two bars together and those two bars could create a pin. Things like that help when trading to realize other setups than just ...

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

We just got one and there was one about 5 bars ago as well. Either way, I trade what I see in terms of opportunity. This, to me, looks like a solid opportunity to short from here. Once price gets pushed farther down, it will end up creating a pin on ...

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

We just got a 4 hour pin on the gbp/jpy and so I think this will be the beginning of the drop I've been expecting from here. I've added to the position at 226.27. With that in mind, I think this will push price lower to create a bearish sign on the ...

MW's trading journal

I got in the Gbp/Jpy trade just a litttttlllee bit early but now it is finishing its movement to 226 again and we are going to end the 4 hour bar with a bearish bar. If and when this happens, I will add to my position because I think it will ...

MW's trading journal

well, if your taking them as you see them, that's a hammer on your chart there. That's usually a sign of exhaustion of a movement.

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

I'm not seeing it as bullish either Quecee. We just had the upmove to 226 earlier which created the retrace and now I think we are going to move lower again. We just had a pin on the 4 hour bar right at resistance and so I think that's enough to put ...

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

I've also just posted a short on the Usd/Chf at 1.1288. My first target will probably be 109.00. Along with that, I am doing the exact opposite now on the Eur/Usd. I am buying in at 1.4646. We got a test of the trendline and the day closed as a ...

MW's trading journal

I'm opening a new short trade on the Gbp/Jpy now as we have a pin off of resistance on the 4 hour chart. My initial target will be the previous lows of 224 to 223.50. I will see how price reacts at that level to see if I will add to the position for ...

MW's trading journal