Very nice, Malcomb, do you also notice your volume indicator in relationship to the size of the moves?

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

Here is the daily chart of usd/jpy. Sma's are the basis of my trading sytem. I use a lot of them. They show me support, resistance, and targets to aim for in addition to fibs, and fib extensions, and swing highs or swing lows. I took Aus's 5 sma ...

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

Malcomb will answer when he returns, but if does not mind, I can answer this. the 20 sma is basically the average price of the previous 20 candles on any time frame. the 200 is the basically the average price of the previous 200 candles. the price ...

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

For the newbies only: If a currency pair is in an uptrend, buy dips.

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

I know good advice when I read it. amen to that.

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

Why is that not a flag formation signaling continuation of trend upwards?

Daily GBP/JPY analysis

do you guys remember when usd/jpy and usd/chf were trending opposite of gbp/usd and eur/usd. There was strong opposite correlation back then.

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

nice observation. I remember very well when she was stuck in range trading back then.

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

i think you can recognize an oldtimer trader because he ain't looking that holy grail anymore. heehheheeee

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

I make my entries close to support and place the stop loss on the other side of said support. Good risk to reward. I blew 2 accounts when i first began by not using stop losses and trading short time frames with market orders.

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

yeah, i am old. way older than forty by now.

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

you kinda have to look at an angle. I see the same thing you see for now.

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

try to google cup and handle formation. It might help.

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

By trading the longer time frames I can set and forget while being protected from major losses. I can take a long time away from the pc and enjoy life, fishing and gardening, while the charts are making money for me.

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

good advice. Google should be a newbie's best friend. Everything you need to know can be found if you search it. That is how I learned it. If a newbie studies hard, he has a good chance to make it. If a newbie is looking for a free ride, by trading ...

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

My system is very basic and simple. If a pair is making higher lows, I buy the dip until it quits working.

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

I really cant answer an elliot wave question. I only have a rudimentary understanding of it. I know that it follows certain rules. Maybe someone else can answer your question. I use the zigzag indicator for a rough idea of waves.

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

nice observation. Can you explain to the newbies reading this thread what exactly is a pivot and why it works so well? And teach us how perform this on our charts?

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

As for any gap, I will cross that bridge when I get to it. The gap has more to do with orders coming in after close of markets.

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

If 204/205 will be revisited, then my sell order sitting below 209 will be rewarded. As the uptrend gains momentum, new levels of support will be established to build a solid base from which to build upon. The same goes for a downtrend. In an ...

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