I hear its pretty new, what's it all about?

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

I think if the daily closing anything even remotely like a piercing pattern (halfway through previous bar), we will see more downside movement tomorrow and the coming days. First area of support will be around 2.0380. I think we will see a reversal ...

MW's trading journal

I just noticed that I didn't post my initial trade on the Gbp/Jpy that I took so I'm just posting it in addition with the other that I just took. These positions are short from 225.90 and the one that I just added is from 222.84. I am looking for a ...

MW's trading journal

I think if the daily closing anything even remotely like a piercing pattern (halfway through previous bar), we will see more downside movement tomorrow and the coming days. First area of support will be around 2.0380. I think we will see a reversal ...

Cable Update (GBPUSD)

There is one word to explain it; Ego. That's in my opinion anyways.

Why let yourself be margin called?

I was about to say something along those lines DutchTrader. I think we will see more downside to the Gbp/Jpy fairly soon and with it, I think cable will drop as well. On the gbp/jpy, I think we will get a retracement first before moving further down ...

Cable Update (GBPUSD)

I remember why I closed out my one trade on the aussie for a loss. I ended up trading with emotion and got nervous and doubtful that it would indeed follow suit with my trading plan. I did this because it moved upto resistance levels and I didn't ...

MW's trading journal

Now for my closed trades from a few days ago. I still have some running on the Gbp/Jpy. One Aud/usd trade was closed for a loss of 72 pips. I closed this and I don't really know why. I added to the position after I closed it out at a higher price. I ...

MW's trading journal

I would agree with you about it hitting at least 219. There is pretty good support at that area though, so I would be on the lookout for a reversal at that point. If it doesn't reverse, I would look to see more downside movement.

MW's trading journal

You were right on that one Tiki! That was a fantastic call. It seems that it is dragging everything along with it now too haha. I just hope it moves back down before the end of the day so I dont take an overall loss for the day.

MW's trading journal

I just added to the aussie position at .8791 with a take profit of .8750.

MW's trading journal

I could see this breaking out either way actually. If it breaks down, I could see a low of 1.44. This was the level we talked about a while ago as being the area that would hold as support AND allow the buildup to move to the 1.50 area. I'm not sure ...

MW's trading journal

I do see your point, but let me say this as well; Currencies don't always correlate as they should. I don't put too much emphasis onto that anymore, but I still put enough on it that if I see something tradable and then see a correlation going in ...

MW's trading journal

I think your right on that Tiki. Nice chart too! I hadn't even looked at it that way; as a wedge. I have a feeling it might follow suit of the pound when it does break out and break to the downside. I think the lowest we will see on it is the level ...

MW's trading journal

I've decided to place the Gbp/Usd order short at 2.0491. My initial target will be around the area of 2.0400. I placed this because on all timeframes, the pound is going against resistance right now and I doubt it will break through. After this ...

MW's trading journal

I am placing my initial short order on the Aussie at .8825. I will wait now for price to rebound, as I think it will before making a drop to the .8750 area. I will add to this position if price rebounds and if it doesn't I will probably add another ...

MW's trading journal

I am not sure if I will be trading this as it is just an idea right now. The risk to reward is not perfect, but we may have a short opportunity on the Pound. Based on the daily, we had a day of indecision and the 4 hour charts are facing resistance ...

MW's trading journal

Oh ok, my bad! I didn't quite know what you meant when you said that earlier.

Aussie Pairs

I think your going to see a few bullish candles on the 4 hour, but I also think that will just be to gain power to make another drop down.

Aussie Pairs

Throughout the day/night, I think we will see a higher level again first; around .8900. Then we will most likely see the drop for tomorrow. There is resistance right above 8900 and the 4 hour candle closed as bullish. This is my reasoning for ...

Aussie Pairs