If you carefully read what I wrote, I said we didn't have the computing power at this point to defeat the top Go players. I didn't say never. This is a minor point, but it wasn't the database that beat Kasparov in the second match. It was brute ...

No more BS - What have you learned?

Here's an interesting question for you. Is trading more like Chess or Go? In 1995 IBM created Deep Blue, a Chess computer which competed against Grand Champion Kasparov. While IBM was able to create a computer that had the computing capacity to play ...

No more BS - What have you learned?

hi ha-pattern, I agree. SR and TLs are core. I was just posting a rudimentary MA cross setup to illustrate a point. I don't actually trade that way. lol Like you said, we have to set DD limits, or at least offset them. I think retracing to a Daily ...

No more BS - What have you learned?

I'm not sure exactly why Seiden is teaching so I'll reserve judgement, and since I haven't bought his product I'm not endorsing his methodology. I know he is a supply/distribution trader, which has it's merits, but it's a nuanced form of trading ...

No more BS - What have you learned?

You don't need to believe stuff works, you need to know you can make money with it even if it's mediocre. Everyone uses different tools differently. It comes down to the operator. You could just trade 2 MAs and be profitable if you understood not to ...

No more BS - What have you learned?

maybe they're just "frenz"

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

lol... a lot of us were watching the same line at the same time. is funny, I was just saying to Eulogy, "let's do it again" about May 6. BOJ is being smart about this so far. look how they parked the price right under 85.85 resistance. they ...

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

possibly here. all depends on how aggressive they are.

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

I started 16 hours ago today, right before the first spike. may have to take a nap soon. here's the chart I posted 4 minutes before it went with the support line I was expecting a bounce off of. ... wasn't thinking 500 pips rofl

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

speechless... it just keeps going. (thanks to GU ... UJ still stuck under 85.6) I hope the entire month is this good.

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

We hit an important UJ resistance area at 85.85. Daily 50ema is sitting on it. That's the hurdle to clear if we're going to continue up. It's also the first serious defense area we've reached between the bottom and 88. 88 is the line in the sand. If ...

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

lol... was thinking the same thing. but anything that's not a loss goes in the win column. next set up

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

good idea...me too. looks like 132.42 held price for the moment... +25 pips.

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

If we break below 132.42, first target 132.15

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

could keep going a bit higher. I'm thinking 132.8 for possible short.

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

I was thinking similarly. Whatever it is, this is a nice spot to bank some more profit. out at 132.42

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

It's day one, so they will probably protect their ground more fiercely in the beginning. But also what better opportunity for the other banks to catch the retailers on the wrong side of the trade too. The market could be moving up without BOJ as ...

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

Nice work on your trade earlier! Same here, not attempting any shorts at the moment. GU and EU are relatvely calmer waters for the time being. Waiting for London and will decide then if an entry looks inviting.

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

There's probably more to come. 84.37 is key resistance UJ, and Eulogy made a good point. London should be very interesting. This move was on Asia volume. Let's see what the market thinks when Europe wakes up. Possibly an ineresting thing to check on ...

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

Price is on the descending TL, which is intersecting with the Ichi kumo top and Monthly Dynamic Balance Point. Depending how this area plays out may go in for more. But that could be it for now. This session's PA was like a week of Asia sessions ...

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