Yep, that's that and now we are in heavy profit. Today's close is almost a guarantee now to bring more downwards momentum tomorrow, and with that I think that we could realistically see, after breaking the support area of 221.40, 220.00. We'll just ...

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

I agree with you entirely Tiki. I didn't really make my post too clear though and so I'm sorry for that. If price were to close in the area that it is now in, that would be the breach of the trendline. This would tell me that we will indeed see more ...

james16 Chart Thread

Only 10?!? You must be crazy lol This is the most sought after thread in the forex world. I guarantee it. As for the thoughts on the Eur/Chf, we have an exact opposite pin bar forming on today's close and so I think price will drop a little to fall ...

james16 Chart Thread

Testing this area now. I look to see an initial bounce which would coincide with my thoughts that we are beginning a downtrend on the hourly charts and then I would look for price to break it on a second try.

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

I think we are beginning a downtrend on the hourly charts now. If I am correct, we would be in the second wave down and so I will sell from now on during any rises in price. Does anyone else think the same in regards to beginning the downtrend?

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

I think it could very easily break, but not hold below until another runup to gain force for the downmove. If you'll look at the last time it went at it, I do believe it moved down to the area of 219. Tiki Trader made a post in a thread a few days ...

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

The Aussie came indredibly close to hitting the target of .8900 that I projected yesterday and didn't have the steam to move any higher with the bulls exhausting and letting the bears come into control. Now, it seems, that we will see more downside ...

MW's trading journal

I'll get there soon! I have been going crazy these past few days with finals coming up among other things. I'm going to start now on figuring out a good way to post it and have it make sense at all. I'm in the process of allocating all the resources ...

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

I forgot to post it but I added a small position late last night to the Gbp/Jpy. My justification for this was that I was pretty sure we were going to be seeing the highs very near to the price, which was 223.76. This was a fairly small position so ...

MW's trading journal

Another thing to keep in mind is that on the daily bar, we have a double high on today's and yesterday's bars. I have a feeling price will move down juuuusssttt enough by then to form a double high lower close. Add that with the pin that could form ...

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

I am writing this to post that pin bars don't always work. You must first dig deeper and look at the lower timeframe charts to see how they formed and why. In the case of the Eur/Usd, Usd/Chf, and Eur/Chf, the pin bars ALL formed because of a ...

MW's trading journal

I agree. I think tonight's session will bring about the force to make Usd/Jpy break it's support levels. Until then, we will have some boring trading. Thanks for the input Quecee. The pound is close to the top of it's range based on the 4 hour ...

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

I still believe the Gbp/Jpy will come down further throughout tonight's trading. It will be fueled by the daily bar's bearish close and then tomorrow will be firmly bearish as well. Just my thought on the subject. What are everyone's reasons for ...

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

I am actually just going to cut my loss short on this trade and then wait for the daily bar to come into play to go short. I am talking about the Eur/Chf trade. I closed for a loss of 43 pips. I will most likely make it all and more back on the ...

MW's trading journal

We got the retracement needed now on the Gbp/jpy and I think the day's close will end fairly bearish, which will give us the push down that is needed to get to my targets. I am changing my thoughts on the Eur/Chf right now. I hadn't looked at the ...

MW's trading journal

Those trades on the Eur/usd and The Usd/Chf turned out to be exactly what I thought- duds. Looking at today's bars, I may actually go short on the Usd/Chf, because of the way that the bar looks plus the downtrend adding force to the movement. Those ...

MW's trading journal

I wake up to see that we are still hovering right below that area of resistance on the 4 hour chart. It'll break down soon, I think. Analysis is the same as it was 10 hours ago.

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

I moved away from my trading plan while basing the Eur/Usd and Usd/Chf trades. I think the pin bars may just have been created last friday because price moved up and down, respectively, to create retracements before continuing. This is based on the ...

MW's trading journal

Now give me that 20 pips down. lol

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

On another note, we are going to be testing that 223.40 level of support in a moment after a small retracement up to around 223.88. Too late, already happened...

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