Agreed, that trendline down has been speaking it all for me and price just spiked up to it and failed. This is showing more downside IMO.

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

I've just placed another longer term short on the gbp/jpy targeting 184. Entry was at 188.50.

MW's trading journal

First 10 is off the table for profit already. Yet again, I can't give my good graces to you enough George. You've done an incredible amount for me since the time that I've known you and asked nothing in return. This man is a true class act. I don't ...

MW's trading journal

The eur/jpy and nzd/jpy shorts are going great at the moment. I've locked in more profit on both trades and now I am looking for more entry targets to add yet again on any retracement upwards. I've just had a trade triggered based on the big dogs ...

MW's trading journal

I'll be placing a short order on the eur/jpy at 12 as well. It's playing right in line with the pin bar at the high of the trendline. Initial targets will be in the 147's. This should shape up to be a good week. I'll be posting with more at midnight ...

MW's trading journal

Either way, I'm already locked into profit on this trade from 70.55 and so I will just ride it down. Simple technicals at play for that trade, it was A plus at the time that I took it. The gbp/usd did top out on the 4 hour charts with a pin on the ...

MW's trading journal

Im not on my home computer so I cant pop up the Metatrader charts. They aren't installed here. Just check out the high of price for the nzd/jpy for the 4th of this month. Then, draw a line between it and the high for the 12th of this month and ...

MW's trading journal

I may open a position on the chf/jpy on the 4 hour close as well as it is at the top of the trendline too.

MW's trading journal

I don't trade using it if that tells you anything, although I didn't really give it a fair shot as I was already making more profit with price action setups. I just placed a short on the nzd/jpy as it is right at the top of the downwards trendline. ...

MW's trading journal

That's awesome Mike lol The same thing has always happened to me in the James16 thread when someone says Mike and they mean Mbqb. If your last name was Whiting, that'd be a bit creepy though. haha BTW, I am not about to short this until I see some ...

EURUSD

I saw that in your last post, that's excellent man! There are a lot of possibilities brewing up on these daily charts. I'm not very worried of the news as I just trade the technicals so I can't wait to hop into a few. PS, I know you trade gbp/jpy so ...

EURUSD

Check out the daily bar that is going to be coming up here in about 13 minutes. It's looking fantastic for a short opportunity.

EURUSD

Hey Infinity, I've used the 62 before when I tested Rob Booker's strategy of 5/12/62. It does seem to hold fairly well when price comes around it. The 50 ema works because it is used by so many I believe. I've known a few of the greats here to use ...

MW's trading journal

Good Stuff Malcolm! I'd like to scalp like you do, but it's just not in me lol I just closed my usd/jpy positions for 100 pips and then 50 as well. 2 lots on that and it's not that bad of a day I guess. Hopefully Asia will be good to us tonight ...

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

Did anyone get a chance to short the u/j a little while ago? After this trade, I'm with Malcolm and done for the day. It worked out well enough as I added to the position again on that last runup. Till the daily close, have a good one ladies and ...

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

haha, I hear ya man! I'm all about having as little stress as possible. It looks like it's starting to move a little bit now. Hopefully we'll get lower before Asia so I can collect my partial profit and move onto breakeven for the trades. I opened ...

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

If anyone is wondering why I've been posting about the usd/jpy, it plays a major role in the gbp/jpy's movements. Everybody already knew that, but just in case there were any confused new people in the room today.

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

I'm looking on the 15 minute chart of it atm, and as long as 1.7913 isn't broken to the topside I think it's a good minimal risk trade showing up. The 15 minute bar at 13:30 was a bearish pin and the bar after closed as the confirmation bar. More ...

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

Thanks for the heads up, I'm going to check that out now and see if I would trade it. I hadn't really looked at cable today.

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

It looks like we'll be seeing that breakdown very soon ladies and gents. If so that'll give us a confirmation bar in addition to the bearish pin on the 2 hour charts. IMO, that'll pave the way for at least a few more pips to the downside. Just watch ...

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