WinterPeg — WinterPeg, oh I mean Winnipeg, was home for about 17 years. Been back down here in the States for the last 10 years and smile every time the temp approaches zero because I know the news media will make it sound like it is a natural ...

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

Welcome — Keep a good head on your shoulders and trade within your comfort range.

EURUSD

Greed is bad but don';t forget SLOT — Unfortunately, people are not perfect and in any system you will find those that will try to do the bare minimum, or less, SLOTH. They will want to be supported by everyone else. Greed is bad, but striving ...

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

Daily 50 EMA — Again we have made it up to the Daily 50 EMA and popped our head through to be rejected. 131 level is now set up as the battle ground. Lets see which way it moves.

EURUSD

Interesting — Takisd, I have just discovered your writings, and it is a joy to read the thoughts of a trader. I have many years experience as a floor trader in the pits, for both my own account and clients, but I had to learn how to trade all ...

How people should really trade!

Interesting take on the long-term chart, but as you know the significance comes when the neckline is broken, then it is a true H & S. As is, it would be at least new all time highs to break the neckline and then it would point to about 235 on the ...

EURUSD

If you are going to trade the pattern, commit only a small initial order here and add on as it breaks the neckline. Another option is to wait for it to break the neckline and come back to test it. When that test fails, your in a much better position ...

EUR/JPY

The actual completion of the pattern will come if, and when, the neckline is broken to the downside. By the looks of it, it points to a test of the 114 - 113 area. Watch for the confirmation.

EUR/JPY

Well said. If you are out of sync with the markets, it is better to keep your powder dry so you can fight for your precious pips another day. GOOD LUCK to ALL.

Cable Update (GBPUSD)

To those that have made PIPS, and there are a lot more to be made, CONGRATULATIONS !!!! To those that lost PIPS, keep your powder dry and STUDY. The market is ALWAYS right, only traders are wrong.

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

When I mentioned my target of 152, I was thinking in the future. Not this week. With blood in the streets it may came quicker than I thought.

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

Protect your Precious PIPS — Be sure to trail your stop and protect your hard earned pips. If you get stopped out, you can always get back in.

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

Measuring GAP on Daily Chart — On my daily chart, I have a gap from about 184 to 183. This is looking more and more like it may well be a measuring gap that indicates the 1/2 point of the complete down wave. My quick calculations point to a ...

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

Neckline on the 1hr chart — If you look at the 1hr chart, the neck line for the Head & Shoulders is currently at 173.25 This might be a good place to look at shorting more.

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