Sorry Petra, I am not very well acquainted with Fundamentals. I will try to find someone that could possibly have a few theories as to the outcomes of the events that you've just talked about.

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

I agree with you on that. I think this is the beginning of the full area of resistance. If you will move to the daily charts, you'll notice that on 8/29, 9/10, and 9/18 price couldn't move any lower. Instead it hit support and bounced. That support ...

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

Anything is possible and I see reasoning for that being a possibility as well. I know that Tiki Trader posted somewhere a perfect example of how the head and shoulders could play out to reach 217. My target was initially 219 for this pair, which I ...

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

I agree that it's doubtful for the year's end, but if the BOE doesn't jack everything up, it could be a possibility. Until then, I agree, I'll just trade what comes to me. No reason to chase anything in this business. Ahhh, the dreaded triple ...

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

I think we are going to see that upwards movement now that the small retracement from 228.59 to 228.00 occurred. This retracement is based on a low timeframe, the 1 hour chart and so I think that in the IMMEDIATE future we will see price move ...

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

251 anyone? That's for you Karmo. I am completely blown away that you were even able to come up with that target MONTHS ago. Absolutely amazing. By the way, the pin that formed on the hourly was just a retracement to the smaller uptrend that is on ...

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

I've posted a small short order on the Gbp/Jpy at 228.08. My reasoning is that a pin formed on the 1 hour chart coupled by the fact that we are in an area of resistance at the moment. We also need a retracement before anymore move upwards- Thanks to ...

MW's trading journal

Hey Quecee, glad I could help, and I never mind anyone with questions. I'm glad that I can help people if I can. By the way, we've had a pin bar on the hourly and so I posted a small position with not a lot of weight to it. If price does indeed move ...

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

Of course, price could drop before it even gets there. I'm only willing to get into a trade once I see a clear reversal. If it were to happen at the top of that resistance area, then I would place more weight on the trade than if it would reverse at ...

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

Hey Quecee, this isn't based on fibs entirely. There is a lot of resistance at this area just based on price. I'll post a chart in a second, first the daily and then the 4 hour chart. It's not a moving target, but rather a full area. Resistance, to ...

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

It's risky if you pick them and have nothing else to base your trade off of. If your trying to figure out tops or bottoms on anything without some other kind of confirmation for a trade, I doubt that can pay off in the long run. If you have any ...

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

Hey there Tiki, if your still in your Eur/Usd, Usd/Chf, and Eur/Chf trades then your doing great in them! I should have listened to your reasoning instead of bein skittish. Anyway, Nice trades! Now I just have to wait for them to give me a buy and ...

MW's trading journal

I'm looking to see a stall at 229, maybe even a bit earlier. There are a few reasons for this, but the main reason is that this is a solid area of resistance. I'm not entirely sure as to what price should do at this area, maybe retrace or reverse. ...

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

Hi Dollie, and thanks for the post and information. I agree that we were in oversold levels. My problem last night and throughout these trades was letting my emotions get to me. That is the public enemy number 1 of trading. I was in profit by over a ...

MW's trading journal

Very nice! Last night turned out fairly well for myself as well as I realized that I could NOT just keep a bullish or bearish outlook through all the signs of reversal. I closed out my sell positions from 224.65, 224.22, and 223.88 for a gain of 80, ...

MW's trading journal

Throughout those last few trades, I had quite a bit of scalping trades and all ended in profit. For the purposes of this journal, I will not post anything that has to do with scalping as I don't feel that there is much that can be learned from it. ...

MW's trading journal

I've added to the Gbp/Jpy positions at 223.88 and 224.22. I think now that price will continue downwards to at least 223.00. My losses and gains from the last night are as follows. As you will see the losses are fairly dramatic, but I take them as ...

MW's trading journal

I've entered a short position based on price action for the Gbp/Jpy at 224.65. Price is currently above the fib tunnel area, but I think it will fall through once again as the Asian session comes about tonight. I'm looking to see the lows that we ...

MW's trading journal

It's 3 O' clock and I think we will be seeing a shorting opportunity on the 4 hour chart once the bar closes. This is based solely on price action at the moment. From here, I could realistically see price drop to the lows of yesterday throughout ...

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

Instead of creating a short position now, I am going to wait until it reaches a higher price and then post a higher leverage position. Once this happens and price moves downward again, I will add into the highly leveraged position with smaller ones, ...

MW's trading journal