Yes sir! we're at a point of solid weekly support at the moment now and the price may close the day as a pin or overall as a bullish bar. If so, I will go long again and target right back to where we came from. I entered a long yesterday on the ...

MW's trading journal

We are now seeing a nice run down in the price and so I am placing my stops above the area of resistance right where my sell is- 138.80ish.

MW's trading journal

I've shorted the gbp/jpy pair just again off the 50% retracement from the last move down at 138.85. We'll see where it takes us as this trade is off of weekly resistance.

MW's trading journal

Self fulfilling prophecy. That 50% fib has made me quite a lot of money on the gbp/jpy. I find that currency pair is attracted to it much more than others. BTW CW, if you didn't get a chance to see it, there was a 4 hour pin on g/j earlier today and ...

Silent Service Method

The bounce on the gbp/jpy from that minor support area is playing out just as I thought it would be. Looking to find resistance again at the same area as before and using a shorter timeframe to pinpoint another entry.

MW's trading journal

Here is that 4 hour screenshot, and I really doubt that it would be too late to open yet another lower risk trade as I'm already at locked in profit on the first step. I think we'll be seeing a retracement at least to the 138.50 area before moving ...

MW's trading journal

How've you been my man?! I hope everything is going great for you. I'll shoot you a PM here in a bit.

MW's trading journal

Hey guys and thanks. Agent, I agree with you there. Here's a trade that I took earlier in the day today. The gbp/jpy created a 4 hour pin bar off of strong resistance at 140. I'll be aiming for 136 first. After that, I will place my stop right ...

MW's trading journal

Something not mentioned is that you can trade CFDs just like the forex. They are directly correlated with the stocks price at any one time.

Difference between forex & stocks

Alritey, I'm going to be getting back to this journal like I used to. For this week, the usd/cad has my attention with a weekly beovb off of the 1.30 zone of resistance. This spells out a triple top as we've seen this area twice before now. The ...

MW's trading journal

Actually I'm pretty sure it's not always the top students from schools like harvard who get there. Instead, it's the C+ students who have always had their noses in trading and not in the law books.

Who makes millions on wallstreet?

Hey man! It does!! All my friends are just laughing becuase they are jealous! That's what momma said.

You Know You've Got It Bad When:

The eur/usd daily is looking solid (of course, it's counter trend however). BTW clockwork, I like your style...I like your moves.

Silent Service Method

I'm not sure if anyone trades it, but the Usd/Sek daily closed very nicely for a short pin bar. I can't post a chart at the moment because I'm headed out the door and late so if anyone could, that would be great. Have a good night ladies and gents.

james16 Chart Thread

Quecee, your the man! I'm liking that notion too on both aspects.

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

Yep, you hit the nail on the head Malcolm. The Gann and the PPZ area that lined up with it perfectly to creat solid confluence.

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

Honestly Shelby, if ANY pair can kill you overnight then you are doing something wrong in terms of your money management and/or emotions while in the trade. If you are honestly "dumb" in forex, then why throw your money away instead of taking the ...

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

And we have a winner. lol I'll be in touch man. I like talking to others about weekly setups and such. I like the "drama" that comes with shorter timeframes, but I only watch them. I hate trading shorter timeframes, as it feels like I'm going to ...

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

How about that, she dropped like a rock right off of the strong weekly resistance. That's a really huge surprise. Are there any other long term traders left in here other than me? lol

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

Well, my full trade finally closed out at 137 for another 200 pips on top of my partial profit earlier last week. Right now, we are at that solid weekly resistance of the Gann line and PPZ area from the last few weeks. I won't be basing any more ...

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