sorry, that was my bad. i was talking to someone at the moment i posted... about support/resistance and pivots... so i mixed up things.

Karmo's trading strategy trading GBP/JPY

nice job you're doing here, karmo. i use the same strategy, with 2 exceptions: i don't use pivots, and i only enter trades confirmed by divergences (both types, classical and hidden...). i use a zup indicator (i think it's v67) to have my fibo ...

Karmo's trading strategy trading GBP/JPY

not at all. as i said, big sharks are watching. everything is as it should be.

Cable Update (GBPUSD)

nope... price moved up because of a big shark waking up... so i guess we're going up from now on... alright, same old... buy on dips...

Cable Update (GBPUSD)

you mean, out of a trade or out of this forum?

Plutonite's Trading Manual

weekly g-j. i suppose it's also heading towards 0.786 retracement. notice the rsi hidden divergence (weekly chart is still up) and the fact that this pair is oversold (it hasn't been oversold like that in a LONG time). so i would wait 227.50 and ...

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

now, e-u is also close to the same critical level: 0.786 retracement from last extreme low. if these levels are broken, i guess we're gonna see an incredible move down.

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

i posted this chart in another thread. daily chart shows a 0.786 retracement from last extreme low (1.9621), so i would be extremely cautious entering any trade at this moment. price action on h4/h1 level should show the direction.

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

gartley on daily chart. rsi hidden divergence (see red stars). i'd say we're going up on the first confirmation from price action. tp: 2.0227.

Cable Update (GBPUSD)

why doesn't this surprise me... lol. q.e.d. case closed.

USD/JPY Discussion

aren't you smart. how about you post your charts at the moment you OPEN your trades, with your TP. just like i did. so we all can see how they turn out. and then you can say you're making 100 pips a day. wanna give it a try, big trader?

USD/JPY Discussion

i don't use an indicator for wolfe waves because it's relatively easy to spot them. what you see on the chart is zup v67, which is supposed to identify harmonic patterns (gartley, butterfly, crab etc); not completely happy with it, but you can give ...

USD/JPY Discussion

position closed with +100 pips. my initial post about why and when i opened it is here.

USD/JPY Discussion

How about a 450 pips run up by tomorrow? Anyone? I'm going long. 239.50.

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

usually, when price is at some important fib level you stay away and watch price action. like now. i posted 3 charts, weekly, daily and 4hours because it's possible we might see a retracement. looks like you're on the right track, but be careful. ...

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

looks like we had a wolfe wave on h1. let's see if it stops on the blue line or at least close to it, that's where my TP is. 117.45.

USD/JPY Discussion

since we're on the same page... just a comment: a doji would not be relevant AT ALL without a confirmation (and even so...). only because we're in a downtrend.

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

and now the h4 chart. no reversal sign at all. yet. every single one was negated (see previous hammer, doji, then another doji... ). patience. we're trying to follow the trend, not go long.

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

now let's take a look at daily chart. 1.272 fibo from previous dip (237.60, see red star). classic rsi divergence (see red lines). going up a little bit (probably 240.96)... BUT watch for price action confirmation.

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

looks like 0.5 fib retracement on weekly chart has been reached (previous retracement was also 0.5). rsi shows a hidden divergence (HL, LL) and the weekly trend is still up. all these means we might see a run up. however, there is room to go down to ...

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