No bounce IMHO — Hi Cloud. It all depends how you draw your TL! sorry, I have problems posting my chart so here's simple description of what I mean: your TL start with low ~1.57 in Sept'03 on the left of your chart, but if you draw the TL ...

Cable Update (GBPUSD)

at least I am not the only one — me too, been carrying this stupid position around with me since 13/6.! in my case it came from somewhere between unfortunate and stupid, but it now looks we can get out out of it soon. I am trying to profit ...

EURUSD

citi news good? — I got new news feed, but PA suggests results are good! (long @ 212.00 moved to b/e now, lot 1 TP 213.50, lot 2 TP 216)

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

Thx!

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

Why 209.50? — Scrat, you were again right on target with 209.50 as a key level - we just having a bounce off that area. However, can anyone explain to me why 209.50? I had a double fib @ 209.80 area with the next fib conf @ ~208.90. It would ...

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

So when exactly is the speech? I thought it started nearly 1/2h ago?

EURUSD

maybe the chart is clear now... but the day is not finished. We have over 4h left and it's last Friday of the month, so anything can happen including ending up with a blue candle and a higher high on your chart. Don't you think?

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

*** Monday is also a public holiday in UK ***

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

also well done for predicting UJ down towards 104.40 - I had asked you about that earlier today when price was at 105.40 and it was looking very bullish to me and I expected to hit long TP @ 105.70. What did you see that I did not?

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

What makes you think UJ down to 104.40? - it's close to 105.40 now and looking very bullish. Hence I think it's heading higher and once GU retraces back up, GJ will also go up. So I am holding on to my long from 206.00.

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

If you are scared Forex may not be for you. Also, why are you scared? could your position bust your account? only risk so much that you don't have to be scared. Good luck!

EURUSD

Hedging can kill you. — that's exactly why hedging often does not work and will kill you especially on GY and even more so with too little capital/too much leverage. One also ends up spending all time and energy managing those positions which ...

Breeze....Update on GBP/JPY

Daily PB! — Hi all. Just to add here, we actually have a very nice daily Pin Bar now, so should see that retrace to 50% of last up move (so I hope at least...)

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

no Mouteki signal! — sorry, but you have not applied the method properly. On the 4h chart there is no trendline break!

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

short 224.10 — me too, went short @ 224.10 shortly after new 4h candle opened below trendline (I am mostly using a system based on Mouteki/Demark) and incidently my TP is also 221.50. So good luck to both of us!

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

I am with CMS (VT Trader) and they are always open on holidays

Cable Update (GBPUSD)

Hedging is dangerous — I have never fully blown my account but unfortunately lost most of my equity more than once. my #1 mistake: hedging a drawn position to avoid using a stop loss and then managing drawn trades that got out of control. In ...

Lessons you learn only when you blow up your account.

Thanks Aus for your reply - silly me was working with 10c on all timeframes So if 1c is the main MOM on daily, what are the leading ones on other timeframes? 10c on 4h?... 1h?...15min?

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

Guys: to make one thing clear, I am NOT out to complain about AUS or his strategies. I much appreciate what he has contributed here. I am just trying to understand what's going on with MOM here and be happy enough to be told that I missed something ...

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