The Beast bit me once again....but it's my fault...went short at 155.00 without waiting for any kind of reversal pattern, closed it out after the hourly close above 155.50, and glad I did, otherwise it would have hit my SL at 156.00. The Beast may ...

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

What charting platform do you use?...I noticed it's in Spanish.

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

Hopes and dreams — Im HOPING, let me stress that word again HOPING, price will go up to 1.6500 to form a double top and then fall...that along with a retest of 93.80 in UJ should take GJ up to 155.00-155.20 to form the top of the shoulder and ...

Cable Update (GBPUSD)

I think this should go down eventually to 1.6450 at least.

Cable Update (GBPUSD)

I will read into that. I use fibs with my S/R lines. For example, on the big fall, the .618 landed right on a S/R area of 156.40-156.60, so I was expecting a top there, however, most guys here were talking about 157.00, so I decided to wait until ...

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

I use naked trading...S/R, trendlines and every now and then Fibs or "volume". So I dont really pay attention to MACD or any of those type of indicators. I also look at UJ and GU. IMHO GU looks toppy right now and UJ is having trouble breaking the ...

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

My TP is currently at 153.00

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

Wow!!! so you're getting a 120% return monthly and planning on keeping at it. That must be somewhat stressful, but your supporting your family is probably a great motivation as well. I hope everything goes well for you man.

Cable Update (GBPUSD)

Im short now, I hope the Beast doesnt bite me.

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

Im thinking this baby should fall now to 1.6450 and possibly 1.6400. But I'm not taking any trades as I already have one open on another pair, one they call "The Beast"....I'm trying to tame it, but usually get bit.

Cable Update (GBPUSD)

Im thinking maybe a bounce at 1.6480. That's where I have my resistance line.

Cable Update (GBPUSD)

Im using a Micro account at $0.10 a pip while I learn. Because Live trading is waaaaay different than demo trading. Just to get an idea. I've made about 380 pips on my demo account in the past 3 days (where I use larger stop losses and dont mind ...

Cable Update (GBPUSD)

If it's causing you so much emotional stress then just close it out with a small loss. Once price breaks from this consolidation area, then you decide whether to enter again or not. It's not worth stressing yourself out over a small loss especially ...

Cable Update (GBPUSD)

hmmmm Im starting to wonder....is it that: 1. Price just returned to touch the LTL (holding the move which started at 160.32) which broke during London, now forming a double top and will then start to fall to Lord knows where, or 2. There's a change ...

Cable Update (GBPUSD)

Yup...waiting for 154.40 and watching PA, UJ and GU to try to determine direction and see if it falls or rises a bit more. If UJ touches the top of the UTL at 94.00 and GU forms a double top at 1.6450, then 154.40 is reachable.

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

I know this has nothing to do with trading, but I went to watch the new Transformers movie last night and OMG Megan Fox is one HOT MOMMA!!! Now back to trading. It worries me how quick the beast is falling. I know that bears tend to be quicker ...

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

I moved my TP to 1.6391 (just a little bit higher than the previous low) and it got hit around an hour and a half ago. I guess now all I can do is wait until price decides to break either up or down.

Cable Update (GBPUSD)

I went short around 2 hours ago at 1.6457, I moved SL to 1.6456, I hate this slow moving price between Sydney and Tokyo. My TP is at 1.6380. I'll just watch and see what happens.

Cable Update (GBPUSD)

Trendline seems to be holding. Where did you place your Stop Loss?

Cable Update (GBPUSD)

I'd expect support in the 152.50-152.80 area. Both UJ and GU are close to support areas, if they break...then who knows how low this baby is heading. The Bears are definitely awake.

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