It is coming back from 137 which was approx 50% retracement of 1.43-1.32 Taking a long is a counter trend trade. I hope you have TP and SL clearly defined in this trade.

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

I agree...G/J completed its retracement at 137, G/U completed its retracement at 1.5195. I am short but i really want 1000 pips profit in next 4-8 weeks.

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

I appreciate your views. But from my experience, once a pair breaks its 'YEARLY PIVOT', it is in a major downtrend. G/J, G/U and E/U have broken their yearly pivots last month and i am expecting 125 in G/J, 1.40 in G/U and 1.27 in E/U. I am short ...

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

Yup i agree..intra day order flow is a mystery and random. I have now started long term trading- Targetting 1.40 in G/U, 125 IN G/J and 1.27 in E/U.

EURUSD

Be a Millionaire — I am short G/U, G/J, E/U. First target is 1.40 in G/U, 125 IN G/J and 1.27 in E/U. Time frame- 4 to 8 weeks. Be a Millionaire.

Cable Update (GBPUSD)

My god....daily candle is forming a spinning top exactly below monthly pivot.. very strong indication 'collective market' is in no mood to go up.

EURUSD

Great Post from a wise trader Your post remind me that i should finish my studies soon and get a proper career oriented job. It is too risky to depend on gambling as a sole source of income to pay bills and do savings for future. It is ...

Cable Update (GBPUSD)

Hi Dan, Whats your TF for these shorts? Will you hold them for 1.30 (E/U) or 1.40 (G/U)...i mean longer TF or shorter TF? Regards, kingfisher.

Trend Trading Chart Thread

Looks to me downtrend. Today high of 1.5195 is 52% retracement from 1.5575- 1.4785. We will drop to 1.40 in next 4 weeks.

Cable Update (GBPUSD)

It is in downturn..so rallies should be shorted. But i am only worried about retracement to 1.55. If i short it here with a Take profit of 1.40, thats good. But if retraces back to 1.55, then that means 400 pips DD.

Cable Update (GBPUSD)

If G/U is heading to 1.40 in next weeks, i really want to short it at a good price to capture atleast 1000 pips.

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

EUR/JPY broke its falling trendline on friday How much EUR/JPY and EUR/USD correlated?

EURUSD

Mate, SL hit at 5045 but you have got great profits. Good trading. It is a crazy market. After 2 days, i will not be surprised if G/U hits 1.53.

The Boardroom

I felt bad for MAC Doug who has to close 2 positions of AUD/USD short at 300 + pips loss. He is a great trader and i know he will make a comeback. Everyone was expecting aud/usd to 0.82 as a retracement target of last year bull run from 0.60 to ...

Would it be too much trouble to pay me back my $20,000, my sexy darling?

Well i did..but was stopped out again at Break even. EUR/USD hit R 2 pivot and and falling leading to G/U fall. No more trades for time being.

Cable Update (GBPUSD)

Once again, i had entered long at 1.5138

Cable Update (GBPUSD)

Thanks Mate. I had entered long at 1.5139 and it has hit SL at B/E. So i am out of this trade with no profit, no loss At one point it was 30 pips up but the current 15 M long red candle spoiled the show. Forex is tricky !

Cable Update (GBPUSD)

If buying power is strong, it can reach 1.5220 (127% fib extension)

Cable Update (GBPUSD)

I have R 1 as 1.5203 (action forex pivot points at NY close). Chart Resistance is 1.5195. I want to exit the long at 1.5180.

Cable Update (GBPUSD)

Great americans have entered the market and buying spree going on.

Cable Update (GBPUSD)