Here is a screenshot of the eur/jpy which broke out earlier today. Personally, I'll be expecting a retracement, just as with the gbp/jpy, before moving any higher. I'll be expecting to see 154/155 area before seeing any more bullish price action. ...

MW's trading journal

Here is a g/j chart with 203 pointed out as the resistance area. You can see that price has stalled and or reversed here quite a bit. Simple support and resistance being used for the exit on this trading opportunity as it comes about.

MW's trading journal

I'll be posting charts of the weekly setups that are looking good at the moment now. The first will be of the gbp/jpy which closed the week as a BUOVB (bullish outside vertical bar). This is spelling out bullishness for the weeks ahead. I'll be ...

MW's trading journal

Obviously, you haven't looked through mine yet. lol I've published losses, as well as gains, that have been ridiculous and I still go back through to look at them and see what I've been doing differently from that point. Everybody has losses.

Why start a trading journal?

Hey Karmo, how've you been man? This isn't really in line with Aus's system, but for price action's sake; My last eight hour bar (at 12 o' clock Eastern) closed with a confirmation bar to the pin bar before which closed at 195.60 at support. 194.26 ...

Karmo's trading strategy trading GBP/JPY

I agree with you there. I've been in this trade since 1.83, along with eur/jpy and gbp/jpy long at 154 and 195 respectively. For me, I would look to see a next take profit area at 1.87 and eventually 1.89 if we get past that resistance point. For ...

MW's trading journal

It's so that you can go back and learn from dumb stuff that you've done in the past that you normally would have forgotten about. Just my thoughts on it.

Why start a trading journal?

I've seen those too my man! Thanks for the input, I think I'll be buying into them on a pullback from the buovb on the daily that I'm seeing. Did you mean 8500 or was that a typo? Thanks man and it's good hearing from you!

MW's trading journal

The Usd/jpy is looking to be a solid buying opportunity based on the weekly charts. We're seeing a great looking pin right at that PPZ. I'll be editing this post as I see more opportunities.

MW's trading journal

I've taken a loss of 125 on the nzd/jpy and the eur/gbp trades are still running at the moment just above break even. I'll post with thoughts over the weekend. I had my wisdom teeth taken out so I'm going back to lay down for the moment. Have a ...

MW's trading journal

Based on the dailies, I am shorting the nzd/jpy and the eur/gbp at various levels in price. Initial entry was at 69.45 and 78.98 respectively.

MW's trading journal

Agreed wholeheartedly. How've you been PC, hope everything's good for you as I haven't heard from you in a while. I wish I could be at my computer at home to post a few charts. I'm still in line with that trendline and looking for a re entry point ...

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

All of my positions got taken off the table in profit on that move upwards. The gbp/jpy was only for 10, while the others were for 100 each. Not a bad day, but I was hoping for these to work out better. I'll be looking for re-entry points as time ...

MW's trading journal

I just did. lol Thanks for the suggestion though! It is appreciated!

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

Listen bud, I wrote that to help you NOT to do the same thing that I once did- it's called learning from others' mistakes. Obviously, I'm not as good as you if you've never taken a loss. I understand we are not here to fight, we are here to talk ...

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

Thanks for the view Lilmoe and I agree on the correction needed at some point in time. I won't rely on that however. Last time we were stuck at 208 and dropped to 192 again when I did that- this was the fall that I just posted about lol Thanks again ...

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

I've been smelling intervention since Bernanke got into chair with his "Oh let's pump some cash into the market" escapades. lol As long as we are able to profit from it, that's fine by me.

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

Don't act like that my friend. Your always highest and mightiest before a fall- believe me. It sounds like arrogance is taking over your thoughts so seriously think before your next trade or take a few days off. I remember when I've posted like this ...

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

If we do see a bearish 4 hour, I'll be selling on all rallies upwards.

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

On a larger scale of things, scroll out to your 4 hour charts and notice the large downwards trendline that is still in tact. We approached it, but then failed. What do you think? This next 4 hour bar will "likely" close as a bearish engulfment, ...

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