here is my set up for eur/usd. I have a buy order sitting at the double bottom. Chances are very good we will see a bounce there. Tight stop loss is low risk high reward. 1st upside target is the 23 fib. No brainer.

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

exactly. Bears in control for now in the USD pairs.

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

nice observation.

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

Frankfurt and London sessions closed witout any significant profit taking or change of sentiment. Bearish bias is still in tact until they decide to exit.

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

This week's pattern was to short aud/usd, nzd/usd, gbp/usd and eur/usd, with profit taking on triple swap wednesday. I will look for new pattern or a contiunation of this pattern next week. Forex trading is like fishing. Look for patterns to exploit.

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

Buy dips and sell rallies until a break out. It is logical to assume friday profit taking, taking these pairs up.

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

LOL funny. Just exploit it. Make some money from it.

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

Bernanke cannot say anything he has not already said.

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

It is logical to assume a bottom in NZD/usd and aud/usd will hit. Dont try to pick a bottom but wait until you see solid rejection.

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

One more thing. The chinese equities bull bubble burst, and they got their asses handed to them. Something like a 50% loss. I dont pay a lot of attention to it, but it is influencing forex now, because the short USD positions are being closed to ...

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

I have a sell order sitting at 213 area. I let the market price come to my positions.

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

Did anyone find out when Forex options expire? Or when they are allowed. Last I remember it was only certain months.

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

For this week, the money is flowing to yen carry. I have no idea how long it will last.

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

no. Too soon to tell. The forex market prices in events months before it happens. They have priced in a rate hike for USD for now, and a rate hike for eur, and a hold for gbp, as I see it.

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

I monitor the last hour Frankurt and London for a heads up also. If I see major profit taking, then I know that trend change is coming because they are closing positions. If they continue to hold with the trend in any pair, then I know to keep the ...

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

The Market Sentiment of short USD carry trades is gone for now. That money is shifting to other venues. Find out where the money is flowing. Exploit that.

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

I am standing on the sidelines for now for all pairs. The big runs down in the eur/usd, gbp/usd and aud/usd exceeded my monthly goal. I will only trade if i get a good low risk set up like i did this week earlier.

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

I heard something about it on CNBC. I dont know the details.

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

Study your longer time frames to see where the buying interest and selling interest on any currency pair. Exploit it.

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

yep, and it will hit sell orders soon.

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