Hi gbfx. From the sounds of your post, your new to the market and confused entirely about where price is, and where it is going. Don't worry, my first posts were the same exact way; believe me. Instead of asking advice of other people here, trust ...

Daily GBP/JPY analysis

I am in agreement with you. A trendline is a trendline, no matter if it has been broken or not. It can still act as support even if it has been broken. I actually just posted something about this somewhere, maybe my journal; can't remember now. ...

Fibonacci GONE WILD

Good stuff, southernmind. I agree with you on the gbp/jpy as I don't think it will break through the resistance. As for the usd/jpy, I haven't really looked at it myself, but the channel looks perfect. Easy money to be made right there.

Fibonacci GONE WILD

That was funny. You might be ok, as it is facing all kinds of resistance on the 1 hour chart now. There is no clear direction, however so it may slowly move through the gauntlet or quite possibly move lower again. One word will sum it up, I guess; ...

Cable Update (GBPUSD)

Price just closed at this level of resistance and so this hour, and into the next, are going to tell whether it moves through or back down. I am still looking for the downside, with this hour closing as a bearish engulfment. If not, as I've said ...

MW's trading journal

Price just closed at this level and so this hour, and into the next, are going to tell whether it moves through or back down. I am still looking for the downside, with this hour closing as a bearish engulfment. If not, as I've said before, I'm going ...

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

Right you are, Pips Cruiser. Here is what I am looking at for the moment, which is why I could see a bounce back downwards coming before price breaching this level. Thanks for your reasoning about 223.60 as well. I don't really look at MA's too ...

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

I really never thought of this, but should I even be posting my thoughts in this thread as I don't use Auslanco's system? I'd like to experiment with it sooner or later, however. I just always posted here because it was a popular thread, which could ...

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

We are testing 223.00 right now. Thanks for the input Pips cruiser, I didn't really even see the 50%. Could you tell me why you would consider 223.60 to be a significant point? I am just not seeing it, unless you mean that basic area where ...

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

Msniper, you talked of the weekly chart holding more weight than the 1 and 4 hour charts. This isn't necessarily true. There can be quite a bit of movement in between these larger timeframe charts. I do agree that at the close of the bar, however, ...

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

I see everyone's points on G/J moving up, but I think the move would be limited. We are going to be facing resistance at the 222.80-90 area based on my 1 hour charts. If that goes though, there would be a solid possibility for 224 to be hit. At that ...

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

Damned you cable! should have placed a higher stop loss than 700. Anyways, it hit support at 2.0520 and now it's in between support and resistance again so I see a range possibly coming on. The first resistance is at 2.0600 based on my charts. It ...

Cable Update (GBPUSD)

Right now, we are in fairly good profit although it did not hit the take profit. We are facing a small bull run right now, but I think the upside will be limited to the area of 222.80-90. Once this happens, the pair should resume downward until it ...

MW's trading journal

Behind all the ugliness, you can see the channel. Price moved out of it, but then moved back into it so I still consider it to be valid. As for years to make our millions, I hope we can both achieve that goal- no matter how many years difference we ...

MW's trading journal

That's fantastic Tiki, I didn't even look for that type of pattern developing. And yet again, that was a great call on the euro the other night as well. I wish I would have followed suit with it and posted trades on it. I need tostart looking into ...

MW's trading journal

If you would mind telling me so radit, what is the eeee about? As you said, you are still short; what is your reasoning for this? I am seeing a pin bar on the hourly, but there is really nothing coinciding with it at the moment to make me think we ...

Cable Update (GBPUSD)

Very true, it's always better to have a good look into it before jumping the gun. If you do decide to take the trade, just look at the channel that has developed on the 4 hour charts, which is acting as resistance. The method that I am using is also ...

MW's trading journal

No, I don't trade without stops. That's crazy talk! I have a disaster stop initially and if price gets towards my area that I have set, I will manually close out the trade to cut the loss as small as possible. I don't see price reaching my disaster ...

MW's trading journal

I hear that Tiki.. that move up ended up closing my positions on the gbp/usd, which wasnt necessarily a bad thing because it wasn't moving at all. That, along with the fact that it allowed me to add to my gbp/jpy positions, made me feel ok about it. ...

MW's trading journal

My two trades on the pound closed out for a loss, and a fairly big one at that. the first for -209 pips and the second for -93 pips. I am viewing this as a fairly good thing actually, because now I have the ability to stack more to my gbp/jpy trades ...

MW's trading journal