mike w, i like the simple chart. what are the two red moving avgs? btw, thx for the pm.

MW's trading journal

yea, i completely understand. its not something i normally do...i had just closed my shorts and i took a chance. lesson learned. i should have just stuck to my original plan which was looking for good shorting opportunities. greed is a powerful thing ...

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

i assume this means you guys closed your longs? i normally dont place trades based entirely off of another persons analysis (doesnt help the learning process) but i have been doing well recently and you sounded so confident..lol. on my charts, it ...

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

was real tempting but i want to wait and see what it does once it reaches the upper (downsloping) tl.

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

quecee5, I'm a little confused by this portion of your reply. Initially you say that UJ is trending upwards and that it will break 114/114.50 and higher (after possibly touching lower levels first) but then a few sentences later you explain how ...

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

yea, i was kind of worried about the broken trendline but sometimes you see it break the support and then stick to the underside of the tl (which becomes a resistance level as you said). i was just looking at the chart again and I noticed a double ...

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

a pinbar just formed on the 1hr chart:

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

not even close. if the qqe60 changes to a downtrend above the 100sma (1hr) and the daily 5sma, the signal is not valid. this is from his site (everythings reversed since we are talking bout a short signal): "NOTE: QQE60 has to cross upwards while ...

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

any chance you can post a pic of ure chart cause mine isnt showing one. i have something resembling a pin bar but the close is not within the left eye

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

is the weekly h&s formation still valid? i know the long term outlook is bearish anyway but normally, would a break of the neckline cancel out the pattern?

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

thx karm. the 1hr qqe crossing up (and above the 50) and then down again would be a valid 1hr/4hr strategy signal since it initially crossed under before a candle closed below the 4hr gann.

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

so does this ruin any chance of seeing 231+? i stayed out for the announcement and was hoping to build some shorts at that level (230's) but now I'm kinda stumped. i really dont want to short after such a large drop

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

awesome. thanks a lot

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

quecee, could you explain your reasoning behind this statement. why will the bearish target be affected if geppy goes above that level (230.50)?

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

check out this thread: url

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

this does not apply to the daily pivot though, right? in the sample trade shown on the 15min site, eventhough the rest of the signals occur below the daily pivot, he waits for a candle to close above the daily pivot and then places the long trade. ...

Auslanco 15min GBP/JPY startegy

22:00 GMT. here is an online gmt clock: url

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

in profit means that you have positive pips on a trade! if u entered in at 232.00 and the currency moves to 232.10, you are now in profit of +10 pips. basically, you cant set your stop loss above the current price so for you to set a sl at 232.01 ...

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

once you are a certain amount of pips in profit, you set your stop loss for one pip above your entry price....so if it drops back down, the trade will close with +1 pip profit. it could be for any number of pips though

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

auslanco just posted his new daily momentums on the "daily momentum" thread and all three (1c, 10c, 14c) are bullish.

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