Tokyo's in Asia?!?!? MAN! My whole life has been a lie... Anyways, back to business...Still in the short as the trendline down hasn't been broken yet. Once it breaks, I would be willing to look to the upside a little bit but then down once again ...

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

Even if I would break my knees, I'd go back to it lol A bit dumb? Yeah, but I love it haha I feel the same way as you do about the thread and everything going on over there. It is most definitely a great thread for the short term price movement. ...

MW's trading journal

Ok, based on daily support area, I think this will drop to at least the 230.00 level. Beyond that, Im not sure if it has enough steam to cut through, time will tell. Until then, this is one of my targets.

MW's trading journal

Hey thanks for the info Tiki! This looks to be playing out on the larger scale as well. I am liking the looks of this trade more and more for a few reasons. It complies with every standard for a good trade, secondly (as you said) it looks to be set ...

MW's trading journal

Still in the short from earlier with 30 pips into profit. Looking to hold onto it and put the stoploss at plus 1 in an hour or so. Im not entirely sure as to where to place my targets at just yet.

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

Nice! What gave you those figures and times if you don't mind my asking? Did you base this on news, on instinct,or technical analysis? Thanks.

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

I will post targets. etc. when I get back from lunch with a lovely lady.

MW's trading journal

Trade taken on the GBP/JPY at 234.01. This is a short order that I've created through the usage of a downwards trendline, price action, and the dynamic fib theory. The pair could not break the resistance that had been created by the 'tunnel' and the ...

MW's trading journal

This is true, but in the meantime there is money to be made. I just see this as an opportunity to make a trade that has an excellent risk to reward ratio. Every time the a bar closes and another opens, my stop loss will move down with it, along with ...

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

The EMA's are just part of a theory that I am currently testing to see if I can fit them into my trading repertoire. If not, then they get thrown as well. That's why I didnt put them on that chart, because I dont base decisions on them just yet. ...

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

I dont follow the DOW very much, but yes it does seem to be following in accordance with it. This looks like it could become an excellent short term setup, and then we will see, once we have locked in profit, where it goes from there. That is, if ...

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

That downwards trendline is working in coherence with a new theory I am testing in my journal. The 24 and 28 EMA's create a 'tunnel'. Price is, indeed below the tunnel at the moment and with that, was unable to break through the resistance that it ...

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

Coming right up Karmo. This is how I drew out the trendline quickly, it's a little rough but this is what Im looking at.

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

You are right that this area would have been fantastic to create the short order at, however I will NOT, under any circumstances, create an order before the bar is closed. As I said too, I will wait until the close of this hourly bar to see if the ...

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

We may be seeing another trade opportunity on the hourly charts. There is a downwards trendline formed, in convergence with the resistance creted by the tunnel. If price action gives the go ahead, I will be placing a short order in this area at the ...

MW's trading journal

In the long term, I may be with you on the bullish viewpoint, but for the short term, Im looking at my charts and if it closes below the channel top that I've created I am short again. Time will tell. Good luck in your trades everyone.

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

I agree with Gman about the interest jacking everything upwards. Based on Elliot Wave theory, I could see 234.50 being justifiable. However, if it would move that far it would negate the downwards channel that we are in currently. If it doesn't, I ...

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

Stop loss hit, but I'm still with a bearish mindframe. I think that, as I said earlier, we will have to get to that higher point before the reversal back downwards.

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

Im looking to see a reversal around this area as well. If it doesnt come sooner. Short that is.

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

Its just at 90. This isn't a high risk trade for me so Im not too worried about it. Im just testing a theory right now actually. If I lose this trade I will only be losing somewhere along the lines of 40 dollars.

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