Looking at my 4 hour chart, I would say that we are now in a downtrend on the GPD/JPY. It looks as though the second wave has been finished and now the correction for that wave has come into play. After this correction, I feel that we should see A ...

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

You just had to go and post that there didnt you sir. Excellent analysis of this, and now I think my short may jsut be in a little bit of danger. Thank you for this post and a different outlook than most as of now.

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

Yesssss, the hourly closed out nicely for the shorts.

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

Lepiricus, If you dont have much faith in it right now, then why take the trade? this is an honest question to help protect your capital. I understand that you want to trade probably specifically mechanically with this system of yours but I dont ...

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

That cracked me up entirely...thank you for the one.

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

I dont know if anyone follows elliot wave theory but it looks as though that drop down (if looked at on the 15 minute chart), is now being followed by the three correctional waves upwards, which according to my analysis (which should not be looked ...

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

I actually just read them and should have posted nevermind. Thank you very much. And no truer words could be said about this market and life in general.

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

Nice trade, Hakuna. Excellently executed, If you don't mind my asking, as I was going to be in the exact opposite direction, what made you take this trade? This is so that I can perhaps analyze it and learn from it. Thank you. The only thing that I ...

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

What is making you think that 2.01 will secure if you don't mind me asking. Thanks.

Cable Update (GBPUSD)

I agree that the longer term trend is still prevalent, but for now I am thinking that a small drop in price will occur first. I am going to wait and see if the 2.0150 area of support holds and then hopefully get a market entry there for a long. 2.04 ...

Cable Update (GBPUSD)

It looks like the hourly may be telling us that the retrace is done and now on with the shorting ladies and gentlemen! I'm looking to the 230.60 level throughout the day tomorrow. Hopefully I can keep adding positions throughout this downfall. Good ...

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

What is making you analyze it this way Karmostaji. It seems like a support level is right underneath it. It if crushes that, then I am with you 100%. I'm kind of suspecting a bounce off of it at least once, however.

Cable Update (GBPUSD)

I'm beginning to think that you cannot have a reasonable mind anymore haha As a good man once said, Don't worry, be happy. There's always tomorrow.

Cable Update (GBPUSD)

i feel the same way haha I feel that with this pair today and eysterday I have been entering my trades very prematurely. I had a long order in at 2.0290 last nite and then a short order today at 2.0283. Both made minimal profit because of retraces ...

Cable Update (GBPUSD)

Hey everybody, wow I had actually forgotten about this thread! Thank you for everything. I actually have been consistently trading for a profit for quite some time now. As everyone has been amazing to me in this thread, if anyone ever needs ...

Success stories

Now that the retrace has subsided and cleared out of the way, I think we should realistically see 2.0400 tomorrow. The uptrend still looks to be prevalent on the dailies. Just have to wait for the day's close to see for sure.

Cable Update (GBPUSD)

RIght now, I'm with you on that. I think that the trend upwards will continue after this though.

Cable Update (GBPUSD)

Looks as though there could be a nice pin forming on the cable 4-hour. It's right along the trendline also. Well, the trendline I drew anyways... We'll just see how it plays out for the time being.

james16 Chart Thread

I know you werent asking me, but throughout my trading, Price action has worked in all situations. Ranging makrets may negate a signal that was just made more often, but it still works.

james16 Chart Thread

8. Don't try to catch a falling safe. I thought that was pretty funny. Made me think of old school cartoons. You'll always get flattened that way. Just like Ol' wiley coyote. haha

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