Gee, I hope so. lol That means money for me.

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

hahaha I had the same outlook on it. I thought, "OOhhhhh Yay Hooray for me, I see a Pin bar!" and then it got me, the dreaded loss. lol

james16 Chart Thread

Here are the charts. I forgot them in the previous post.

Daily PIN Bars

Ok, I will post a chart of the Usd/Chf pin that was created because of a retracement during the downtrend and as a result failed. On the daily chart you can see the pin bar that formed during a downtrend. First things first, this was a countertrend ...

Daily PIN Bars

I agree. There is no reason to create a worse loss for yourself than needed. Instead, you should reevaluate the situation and try to understand why it came out as a loser. In this case, as I said before, the pin bars only came about because a ...

james16 Chart Thread

It's in the Trading SYSTEMS thread. There is quite a bit, but if your willing to read it all, you will learn quite a lot about trading.

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

Gbfx, could you tell me what the normal level is? On another note, I am going to give you the same advice as the last time you posted asking for advice. Go through the rounds and learn on your own, and in your own time. I am not willing to answer a ...

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

I agree that if the 222.50 area is broken that we could see that 222.79 area, but I truly don't see it breaking 222.50. I do agree with your target of 220.50 - at the least. As for timing, I could see that as being possible for the next few hours. ...

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

I've created a small short lot on the Aud/Usd as it created a bearish bar based on the dailies off of resistance. I am targeting at least around 100 pips on this trade or until we get a reversal signal off of support. I entered in at .8706.

MW's trading journal

They didn't and aren't working so well because of the way they were created. They were created because the retracement during the downmoves and upmoves, respectively, happened at the close of the day. This made them into pin bars because they were ...

Daily PIN Bars

I think we are now going to be moving back downwards after the retracement to the 222.50 area that I, along with a few others, talked about in previous posts.

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

Thanks Forexnovice. I appreciate the input, as I am sure do most other traders here.

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

I just hope noone sneezes throughout this speech of Fukui's. lol

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

Throughout my experience, Gbp/Jpy loves the 50.0 mark, but not so much the 61.8. Can anyone else testify with this or no? I think I remember someone saying that as well in the past, maybe Karmostaji but I'm not sure. Why do you think it will hit ...

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

I added again to the Gbp/Jpy positions at 222.44. I look for this to be the highest retracement we will see before moving lower again. I wonder if the BoJ news will hurt my positions or not. It doesn't matter as I am trading purely technical. With ...

MW's trading journal

Thank you once again Arezab! I'm posting a few charts now with possibilities. Based on my 1 hour chart, I believe the Tunnel area, which is indicated by the 2 red EMA's on the chart would hold as the top. Although, if they were to break I do see ...

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

I think there is a chance that we will move back to the area that you previously mentioned- 222.40-50. After that, we could see these lows within tonight's or tomorrow's trading. My personal target is 219 in the coming days, coupled with a few at ...

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

I agree with you Quecee. There is too much downward force now to reach much of a higher level than that off of a bounce, IF we even get one. If we do, however, I look to add shorts at that level.

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

Hi Arezab, I agree with you that we will probably see a large bounce at the area of 221.40-50. My question now is why you think we will see the bounce up to the area of 224.07? I agree that, at the moment, that is a firm area of resistance, but in ...

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

I'm looking to add to my positions on a retracement to the 222.50 area IF it comes about. If not, I will add at the daily close.

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