Hard to say for sure — At a minimum, it is a 50% re-trace from the previous high at 169.95. The Eur/Usd and the Eur/Jpy have moved down while the Usd/Jpy has stayed fairly sideways. I personally see more down, as the US seems to be recovering ...

Daily EUR/JPY analysis

Good Luck — Well, the way I see things right now is as follows; The overall trend is down, so you are in a counter-trend trade. They can be profitable, but are much riskier than trading with the trend. Of course, the previous low could be a ...

Cable Update (GBPUSD)

That would be a major move — That is really bold, all the way back to the 23.6% fib. What Euro strength and Yen weakness are you seeing that has you making a call like this? I must be missing something...

Daily EUR/JPY analysis

Be careful — I am not sure that long will make it to 62.40 or 62.50. It might, but here are my thoughts; 100 sma on the hourly sits at 162.35 or so 200 sma on daily sits at 162.20 or so This move seems to be a bounce off of the 50% fib at ...

Daily EUR/JPY analysis

WOW — And people want to say that weed is bad...it clearly gives you speed to burn!!

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

YES !! — Always the BEST move, Lock in those Profits and then decide what to do...

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

I agree — Very strange happenings a foot. NOTHING has been linked to the market recently. Usually the Euro or the Yen or the Swissy will follow. One of them has done so lately, but today, US market down 200 pts and the USD is strong? Just ...

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

watch out — 204.25 or so has been VERY strong res. and support for a LONG time (at least Jan 0f '08). It must break that to move down and it can very easily bounce up to 205.XX, which it has done many times. Never count your chickens or ...

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

Very Stramge — Curious day. Technicals saying up, for the most part, but a very strong dollar and the JPY with it, even though the market was down and news was pretty much neutral to negative. Maybe some of the behind the scenes intervention ...

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

Good question — The GBP is tanking. Why and at this hour? Broke the big resistance at 212.25, will it go lower or bounce? Thoughts???? I am thinking at least somewhat lower to 211 or 210.50, then who knows. Weird week and a really strange day

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

Use a horizontal line — Snap in a horizontal line at 212.30 on the daily or 4 hr. Major resistance at that point since Jan '08 and even before that. Multiple attempts to break and all have been rejected. Currently back below on todays break ...

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

Larger TF's — I stick with the 8,3,3 to indicate the OB and OS but rely more on the Mac-d as the primary indicator for direction change and volume/strength of the new move. And of course the RSI will typically lead both of these, so they ...

GBPJPY scalpers

Stoch's — I know you asked Malcolmb, but I thought I'd chime in since I use and rely heavily on Stoch's. I prefer the 5,3,3 on the 5 min chart and below. I use the 8,3,3 on the 15 min and above. The typical default setting is 12,3,3 but tends ...

GBPJPY scalpers

Prices are higher — The number being higher is artificial. "They" will claim it is up, but it is do to the increase, across the board, of prices. The actual sales volume will be down from last year, more than likely. It is a very inflationary ...

GBPJPY scalpers

4 hr. — Inside Bar on the 4 hr. Daily closes in 1 more hour on VTTrader. Looks to be an engulfing bear after spinning top. Seems bearish to me. More down tonight after just bouncing today?

GBPJPY scalpers

Things to think about — So what do we have? 3 really weak currencies battling things out on a daily basis. Pick the order from 1-3 but the USD, GBP and JPY all are pretty weak at the moment and on any given day the order of weakest to ...

GBPJPY scalpers

Go away — If you don't like what you see, change the channel. go to some other forum. I have seen Malcolmb call many trades almost to the pip for entry and exit. What do you have to offer, other than a bad attitude? See ya, bye!!:

GBPJPY scalpers

Thanks — Waterflame, I've been trading live for about 6 months now. Moderate success, mostly due to bad/late entries. I think your Price Action method is very sound and much simpler than other price action plans I have seen. I will be ...

Simplicity is the ultimate form of sophistication ( Elite )

Thank You! — Very good thread. It is very helpful to know where the big boys are going and since there is no Forex wide volume indicator, COT is about the only way to look at Forex "volume". You hit on something that is key in technical ...

COT Charts, Great Info?

3K — I just went ahead and closed out my short for $3000.00! Not bad for a days work. Now I am gonna do some drinkin and eatin and snuggle up next to wifey. Live accounts are the bomb!! Where else can you make 3K in a day? How are you demo ...

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