I was looking at the 4H chart and selected the Volume Indicator on a VT Trader demo account which I sometimes use for analysis (my real account is on FXCM Micro, which has very limited and basic Indicators). But it caught my attention how high the ...

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

I honestly can't tell where GJ is going.... When I look at UJ it seems to want to tank, there's a huge H&S pattern on the 4H chart waiting to play out and take it down to 85.00 possibly. GU is in the middle of an upward channel, which I find ...

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

Me too, around a week ago I planned a short entry at 156.31-156.60, but all that talk about 157.00 made me think I'd rather wait until 157.00 to go short. So here I am, waiting...

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

How big of a Stop Loss? Maybe 158.50 or higher?

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

So you dont think price will go into the 156-157 area before the fall begins?

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

I wonder what TheFisherman would have to say about this post.

EURUSD

LMAO.... Sorry dude, I already corrected my mistake.

EURUSD

I closed out my trade at +6, I couldnt take how slow price is moving and how much trouble it had at breaking 1.4150. Rejection was not as strong as it was last time it came up to 1.4167. Im used to trading G/J which is very volatile. I'll just watch ...

EURUSD

Short at 1.4155, TP for now is 1.4050 and SL for now at 1.4185 Edit: LOL, Im sorry theFisherman I meant to say my SL was at 1.4185

EURUSD

I've never trusted volume that much on FX since there is no "central office" that can measure volume, that's why I've never used it, but right now Im trying it out to see how well it works. I see other people using it quite well.

EURUSD

There seems to be high volume on the High price and low volume on the climb back up. So I would think it might get up there again or maybe 1.4150 is as high as it's going to go. You can see a clear trendline as well. Maybe once it breaks it will ...

EURUSD

Ok, here's my view. I went to a 4H chart because lower than that just looks like noise right now. My possibilities are: 1. Break of 1.4126 and an eventual top at 1.4220. 2. Bounce at 1.4070, then 1.4220. 3. Bounce at 1.4050, then 1.4220. 4. Fall to ...

EURUSD

Im sorry, I know my post is not related to the thread, but this post just cracked me up because I was thinking the same thing.

EURUSD

My original TP was at 1.4050, but last night I saw support around the 1.4070 area so I closed my trade at around 00:15 EST I closed this one out manually because some trades lately had gone deep into profit, did not reach my TP, retraced and closed ...

EURUSD

I know what you mean. When I first started trading live (G/J) I used to have twice the risk than the reward and those trades were usually succesfull, now that I'm more conservative (after losing all of which i had won and then some) and set my SL ...

EURUSD

Oops, you're right. I meant my SL is at 1.4146 and my TP is at 1.4050. At least for now.

EURUSD

One quick question, if your SL is 104 pips away, where is your take profit? around 140 maybe? I ask because Im also short at 1.4110, but my SL is at 1.4046. I just dont feel comfortable setting my SL that far awar. I know it's a very safe place ...

EURUSD

Check out these fibs. Which one would you fib experts consider valid and where do you think the bounce will happen? I think Im going to wait and see if it goes to 156.50 area.

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

That's exactly what I was thinking, but couldn't say for sure.

USD/JPY Discussion

I had a H&S on U/J with a neckline at 93.80. So there's a possibility it could turn. On G/Y right now si close to the neckline on the H&S formed there. However, G/J, we could say, completed the pattern on its fall to 147. On the other hand, U/J, if ...

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