Im in with you on that one, my friend. I am looking to see 227 and then retracement. After that, hopefully more downward momentum will be seen. Good luck in your trades.

Daily PIN Bars

Remember folks that are going to be long, trading countertrend can crush you.

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

Does anyone know historically how the gpd/jpy normally (even though I know there is no such thing) reacts to the Fed's rate decision? Does it spike fairly large? Does it just shoot in one direction? Does it just stay put and not really react much? I ...

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

It sounds like you need to learn quite a bit more about the market. I'm sorry, but there is no easy money. You have to learn to get the full advantage of being a Forex trader. Take some time and do the demo account and learn as much as possible.

What To buy Tonight?

Im short from 232.45. I feel that it is just going through its retracement phase, and from here we will see another drop as 229.79 was the 50% on my charts anyways.

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

not anymore hahaha, it was nice tho at the moment, but just gave way to a higher price.

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

Agreed.

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

You would be right my friend, This will be just another good area to put more into my position. 230 would be a prime area to add in, from my point of view. Any other thoughts?

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

Im thinking around 50 more pipsto the downside and then another retrace will come about.

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

Im waiting for the hourly to add to my position. and pips seem to be flying past me haha Id rather be safe than sorry in my analysis. Good luck everyone.

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

Looks like it may take a little longer for the gap to fill or it may not at all. Playing the gap is a discretionary trade and does not ALWAYS fill, although it does tend to quite a bit.

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

Hakuna, you made out with 670 pips in one day? Please dont tell me this was with one pair or i may just be in awe. haha Oh, and thanks for the candlestick website, always a fan of catching up on some good reading.

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

Excuse me for being brass, but the reason for that post was so that you would do your own work learning and studying about them. Without diligence, you will not survive in this business.

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

Is anyone considering that we will see a rise to the 61.8 fib level? I, myself, am not really considering it as a possibility at the moment as it can't seem to be able to break above this level that we are currently at.

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

looking for that bounce back downwards from the .70 area now.

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

I am thinking that on the 5 minute chart this could possibly be a triple top formation in convergence with the fib retracement. It couldnt get past the 50% retrace and now has tried 2 more times and now I think buying pressure may be a little ...

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

Yet another lot at .35. Gotta love this market and it's simplicities.

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

May be another small rise in price to get in another few lots as there seems to be another pin bar coming up on this 15 minute chart.

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

Karmostaji, Are you God? haha

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

Actually, I have not been yet, but as I talk to Rob and get more acquainted I will. I know the area well though. I am going to go through all the reading that I have and hopefully I can find you something that is simple to understand about it. Also, ...

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