I'm looking at what could end up as a good setup for the Gbp/Usd. I think we will see another test of the trendline that I've drawn on the 4 hour chart. If we do, it could move lower to test the 'Tunnel'. If it does, I would look to buy there, as ...

MW's trading journal

Hey thanks silverbackno! Alright for tonite, I saw a clear gap on the Eur/Usd. It looks to still be good for another ten pips. After this I will see what I can as a signal.

MW's trading journal

Yeah I guess your right, I would. lol Dumb post I know, but I can't be sure of what other people know or not... Matouya, he did just give you some good advice. If you don't know exactly how to take a loss yet, I'd follow it.

How many pips or % to quit?

I forgot to mention, there is no magic number for a loss. It's based on how large of a drawdown you feel comfortable holding. If you are using a higher leverage, then obviously your tolerance for drawdown will be smaller. If you are using less, then ...

How many pips or % to quit?

He came here asking for help and this is what he gets. I hope you feel great man. I can't answer this is one plain answer for you because, like said above, I don't know the reasoning for your shorting. If you are a long term trader and are holding ...

How many pips or % to quit?

Hey Tiki, that's a great question. It looks right now as if though we will see more of an upside. This is because its based off of solid support as well. I see the upside as limited however. I truthfully wouldnt take this as a trade just yet though. ...

MW's trading journal

Ok, it's Friday and we've had a fairly good week. Only posted a few trades based on the system and with the right usage both turned out excellent, minus the USD/JPY(overall loss with it). Now that the week is ending I will be posting some daily and ...

MW's trading journal

Well, I woke up to find my positions all closed, which is a good thing. The first position closed for +100 pips, and the others closed at +50, +20, and +1. Yes, I shouldve moved that last stop loss down to give myself more profit, but greed kicked ...

MW's trading journal

I guess your right. It's just a case of my viewpoint of the world compared to others. It's impossible to tell which is right and wrong and if there even IS such a thing as right and wrong. My only question though, why not just make it 50.$ lol it's ...

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

As I said earlier, I adjust my stoplosses as the channel moves lower and it is at break even now. So I have no worries, just a free trade ( well actually plus 1 trade) so I can sleep easily. I would go about to agree with you on this IF and when the ...

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

I agree with you M2B, But after some of my own research I will see if I can agree or not and then get back to you turn1. Oh and turn1, please don't be doing this just to try and sell something. I have faith in people, and I like to keep it that way. ...

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

Excellent! Good luck to you with your trade. But maybe with a smaller take profit as my stop loss is up there! haha Until I move it down that is. Another thing to think of is this, you just said you were unsure of the trade. Why take it then? Unless ...

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

I understand your basis for this trade. I would like to pose the question, Do you include in your analysis the usage of price action? If so, I'd tell you to look at the hourly bar and you will see, more or less, a pin showing that shorts are in ...

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

Hey fxstman, I'm posting this just as a reminder. Don't take a trade based on someone elses analysis. Use your own, and see if you can agree with them as to the situation- if you can then great. If you can't, find out why, do some more research, and ...

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

I actually doubt it will get that high again tonight, unless we get some spike and then it cruises back downwards. As I said, this channel seems to be holding quite well for now - and that's all I can say about the situation. If it would go that ...

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

Hi turn1to100, could you PM or comment to me about your thoughts on the EUR/CHF within the next few days? I am not doing this to bash you or anything like that, I just want to try and understand your thinking. You made an excellent call earlier on ...

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

Niceee, making it so that the colorblind understand! Your such a kind, thoughtful man hahahaha

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

This is true, I didn't make myself too clear but Im doubtful also of the 230 area as this has been support for quite some time now. As for the asian session tonite, as long as it doesnt break my downtrend line, I am still bearish on this pair. If ...

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

HAHAHA the face seems awfully familiar.....where do you come up with this stuff M2B?! Im losin it right now...

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

Entirely. lol just a joke man. I may not be the brightest crayon in the box, but im sure not the yack green crayon either.

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