I have 2 S/R areas drawn...one is at 155-155.2 and the next is at 156.3-156.6. On G/U I have one at 1.6550. So I'm going to keep an eye on both to see where it turns, if in fact it does turn. If it did, what would your target be...152.20 or lower?

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

Just one quick question....where do you set your Stop Loss?

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

Right now GJ seems to be moving similar to UJ. ATM UJ is sitting at the bottom of a channel you can see in the 4H chart I'm posting. It broke through the short term UTL suring Tokyo, but came back down to the support line at 91.80 So im wondering if ...

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

What's the correlation between geppy and ES......where ES goes, geppy goes? (or actually the correlation between the yen and ES) Do you guys think price could go back up to 150 before heading back down? That UTL seems to be a strong resistance.

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

In my humble opinion, I dont see price going higher than 92.95. Maybe it will go up to 92.75 before heading back down, but I dont see it going to 95-96 UNLESS there is some sort of intervention. But based on my technical analysis, I dont see it ...

USD/JPY Discussion

Yes, I think it could go up to the neckline if: The previous climb to 93.58 was not the "touch" of the neckline, and it breaks through the trendline and through the S/R line I have at 92.75. A close above both with be a good sign. Otherwise it might ...

USD/JPY Discussion

Analysis — Ok, this is my noobie analysis, just throwing it out there to hear some opinions from you guys. The first chart is a weekly chart where I see price might head down to 80.00 sometime in the next months, based on elliot wave (although ...

USD/JPY Discussion

I closed my long position with +10. I just felt like it might keep going south. I looked at a weekly chart and scrolled way back. A H&S seems to have formed. Maybe price will head back up to the neckline before going back down. But idk, Im just a ...

USD/JPY Discussion

Long? — Is anyone considering going long right now on UJ? Price is at the bottom of the channel I drew up on a 4H TF. I've never traded UJ before, so I dont know its behavior very well. So I thought I'd come to the people who trade it.

USD/JPY Discussion

I'm just wondering what triggered this move? Does anyone know?

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

How low will it go? — I was wondering, since you guys are the EUR/USD experts...do you think price will go down to 1.3950 maybe. That's where I have my lower trendline drawn and a S/R line is close to that price to. I think that would be a ...

EURUSD

She's Back — Wow, Ciara is back! About a week ago I was thinking about how I hadn't seen you post in quite a while and thought...well, now that she's a multi-millionaire she doesn't care about us small ones anymore....just kidding. Im still ...

GBP/JPY London Open trades

Forex Prophet — Man, you never cease to amaze me with your predictions, price went down to 157.24 in my chart. You're a sort of Forex prophet. I wish someday I can reach your level of enlightenment. I wish you many pips.

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

You're right, I checked how I drew my channel and readjusted it, right now my UTL sits at around 164.30.

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

I closed my short position about 4 hours ago. Price seems to be consolidating at the top of the descending channel. I guess the healthiest thing to do is watch and see where price wants to go.

EURUSD

Cable — Cable has almost reached the top of my descendig channel and looks ready to fall again. Thinking about opoening a short position there as well.

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

Short Position — I went short at 157.68 with my SL above the previous high of a 1h chart. I hope this downward channel keeps going. Funny thing, when I trade the demo account I set my SL comfortably and win many pips. In my live account (only ...

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

I went short at 1.3943 earlier today, about 6 hours ago based on the downward channel that formed on the 4h chart. My stop is above the previous high at 1.4000. I'll let it open overnight, during the london session and see what happens, hopefully it ...

EURUSD

Daily — I'm new to this thread, I have been trading the GBP/JPY, but am looking at this pair because it is less volatile. I've been trading live for 5 months and am still struggling to reach consistency. Im ranging between -5% and 5% return of ...

EURUSD

The break to the downside looks highly probable, but the support at 160.15 seems to be holding. The other possibility I see is a range, but it's too early in the day for it to range. Let's see what happens, Im ready to go short, but I dont want to ...

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