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mike w replied Nov 28, 2007To me, it doesn't have any weight as I don't imply that into the methodology that I am currently using. To me, the charts are the only thing that means anything and right now, we are still facing resistance- that's all. As I said before, I think we ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
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mike w replied Nov 28, 2007With that attitude, there is nothing holding you back man- nothing. That's the same attitude I like to keep as well. You have a good outlook on life!

Auslanco - GBP/JPY and GBP/USD (newstrade)
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mike w replied Nov 28, 2007For the love of god, never put me in the same line up as Karmo. lol He is lightyears ahead of me.
Auslanco - GBP/JPY and GBP/USD (newstrade)
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mike w replied Nov 28, 200711/12 followed by 11/13 of this month. That shouldn't be the only thing you base your trade on. Do you have any other reasoning for your thought on this?
Auslanco - GBP/JPY and GBP/USD (newstrade)
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mike w replied Nov 28, 2007LOL I guarantee it. 9 lambo's out front. maybe a ferrari here and there. He's too fresh for ferrari, though.
Auslanco - GBP/JPY and GBP/USD (newstrade)
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mike w replied Nov 28, 2007We're going to be seeing another opportunity for the day on the Eur/Usd. Today's bar will most likely close as a pin bar, indicating that we are back on track with the trend. At the day's close I will probably post a buy order and then just ...
MW's trading journal
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mike w replied Nov 28, 2007Calm Yoself. haha There's no reason to feel bad for shorts. We've only, for the most part, been in this trade little over a few minutes to an hour. By that post, are you normally a short term trader, vinesh?
Auslanco - GBP/JPY and GBP/USD (newstrade)
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mike w replied Nov 28, 2007Ok, nice chart. This coincides with mine as well. If yours is dynamic, however, wouldn't the target be a little higher than 225.00 or are you basing that on the fact that it overshoots a little only to come back to it. Here is my chart, which ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
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mike w replied Nov 28, 2007I missed it as well lol. Oh well, there's always a chance to add in on the way down. I just had to go be a gluttonous pig and eat! hahaha I wish I were a robot. Jk.
Auslanco - GBP/JPY and GBP/USD (newstrade)
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mike w replied Nov 28, 2007Thanks MoForce, and I agree with you entirely. I've also noticed that large bars are often coupled with retracement days on this pair. As for your target of 225, I agree with that as well. Thanks again for giving me a better understanding of your ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
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mike w replied Nov 28, 2007Another pin on the hourly close. Price Action, folks. It's golden. Apply it with other forms of analyzing a trade and it WILL enhance your trading abilities. I think this is the beginning of the retracement now that we have bounced away from the ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
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mike w replied Nov 28, 2007WHTenn, this isn't just for people that are new to the market. This is for everybody. Thanks for posting it. It's nice to be able to freshen up on some of this stuff from time to time.
Candlesticks for beginners
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mike w replied Nov 28, 2007Nice entry Ramrocket. To the pip, as of now.

Auslanco - GBP/JPY and GBP/USD (newstrade)
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mike w replied Nov 28, 2007Moforce, I think I saw in another thread that you said it would move to 231.50 before dropping again. Could you tell me why you reasoned this out? Thanks a lot for any feedback.
Auslanco - GBP/JPY and GBP/USD (newstrade)
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mike w replied Nov 28, 2007Agreed Moforce, this is looking like a great opportunity. I'm looking for price to stall and reverse in the coming hours.
Auslanco - GBP/JPY and GBP/USD (newstrade)
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mike w replied Nov 28, 2007I've added to the short position as it is coming up on my target before dropping more. I got in at 228.98 and plan on, if it reaches 229.20, adding another and final short at that position.
MW's trading journal
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mike w replied Nov 28, 2007I am going to send you a PM dagoods. Check your inbox soon.
Auslanco - GBP/JPY and GBP/USD (newstrade)
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mike w replied Nov 28, 2007We are at a solid resistance level, BUT that shouldn't be the only thing you base trades on. Actually, I already took a trade at around this area anyways, because of minimal risk. I should have waited for price action to tell me to do so, but that ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
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mike w replied Nov 28, 2007BirdT, I don't think that should have been "irking" at all. Everyone here should have been glad to recieve that piece of advice. Once it was expanded upon, it was fantastic. People, if your not willing to accept advice in this market to learn more ...
Auslanco - GBP/JPY and GBP/USD (newstrade)