and a chart without any comments. i already posted this in another thread, but i think all of you will find it useful. oh... and about holding longs... i don't know. they might turn out profitable within the next few years, but until then i'm short ...

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

except that at the current pace, i see that monthly support line hit at 184 area, not 189 .

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

no comments for this chart.

Drawing correct resistance and support-lines

monthly chart. are we going to hit that lower line???

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

that's not a divergence. i don't see MACD diverging from price: second low of MACD (which is higher low on your chart) should have had a lower corresponding price (that is, lower than 213.15). but i may be wrong or tired... what kind of divergence ...

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

i have been staring at charts for quite some time, i don't understand what's the main direction. the moment it breaks a line or makes a pattern, it just goes back. i guess i'll scalp some using 1 minute chart...

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

you always put your SL behind your entry pattern. it doesn't matter if it's 20 pips or 132 pips. just identify the critical point where you don't believe in your pattern... that's your SL. if you use a certain (round) amount of pips, such as 20 or ...

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

your long must be looking good now, isn't it? sorry... didn't mean to sound ironic, it's just that i don't understand how can you people pull trades out of thin air. this is the shortest way to extinct your account.

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

i doubt it. we already completed a daily average of about 250 pips, so i don't think it can travel another 500 pips up today. given the fact that dollar is being sold, i'd say we would continue to go down.

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

guys, before going long... be aware that dollar is being sold massively. take a look at g-u which keeps climbing (and it's asia session), while at the same time g-j drops (well u-j drops actually, but we are talking about g-j here)...

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

oh i'm sure big sharks are just around the corner waiting to bite our assess... lool. they know EXACTLY what they are doing. all of them. i'm sure greenback is gonna make a heck of a reversal but it will be at the point where EVERYONE (well, almost) ...

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

as far as i remember, some japanese guy said (it was on bloomberg btw) that boj won't jump in to adjust u/j levels because this would be against US which favors a weak dollar at this moment. so yes, you might be the only one buying UJ at these ...

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

i hope i'm not posting a stupid chart... i'm long at the breakout, with 0.95 target (at least). daily doesn't show any signs of trend weakness so far - in fact, there is something that looks like a bull flag on daily - so i am expecting another ...

Aussie Pairs

2 more charts: - e-u h4: a close (on h4!) below the trendline would mean at least 1.5070 area - e-u h1: a close (on h1) above the trendline should bring it above last high, 1.5462. i favor this one, but let's see...

Drawing correct resistance and support-lines

i don't see any reversal signs at all right now. so i don't understand why did you guys go long?

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

very simple h4 chart showing the breakout. the bias is down, not up.

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

bye bye 209.50.

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

thank you and aiyahmarklah for the warm welcome. i'm watching this thread for some time, as my system is using trendlines as support/resistance (not just trendlines, but they are a very important component). and... since i am too lazy to maintain my ...

Drawing correct resistance and support-lines

just wanted to say this is a great thread. and of course, couldn't help myself... here are 2 charts for g-j. i left the h4 trendlines on h1 but i made them dotted. as far as i see it, there are more chances for a break upwards, to 209.50, but we ...

Drawing correct resistance and support-lines

i don't know about that limit, but i'm looking forward to 1.86 this year.

Cable Update (GBPUSD)