Yes dangerous buying here but not out of the question with a tight stop loss, momentum is strong and this could easily carry on going today. There were a couple of good entry points earlier this morning. Edit: Yesterdays range 387 and today so far ...

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

Hi Lilmoe, I've only just seen your chart had to go somewhere after my last post and have only just checked back through the thread. Would have been a nice set up though. Love this long price action at the moment, would be nice to see this level ...

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

Would you post a chart please Lilmoe showing how you see the H&S forming.

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

Hi Lilmoe, I've attached another chart (close) that will hopefully show the reasoning behind my targets more clearly. They are just targets and might not get there soon but it would be nice if they did .

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

Longs are looking favourable although we are at a tough resistance area but I have a feeling it may push through hard or it could be wishful thinking (just my view I'm often wrong). There was a great buying opportunity around the 202 level also R2 ...

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

HI Aediaz, Well I was right for a while , (got my first TP anyway) I had 200.5 WP -200.8 as strong resistance and shorts may be in favor now as we are below the DP. Need to break this area here as it is still a strong support for shorts in my ...

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

Hi Aediaz, I understand your view, I wasn't actually recommending trading the break (in fact I was already long from 199.11), but was just pointing out a 'possible' bullish sign in my view after reading all the short calls. Trading the break is not ...

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

We have a 1h close above the declining T/L which looks bullish to me. The upper declining T/L looks a good target and if that broke.. it would be nice. Time will tell I may be wrong . The weekly Pivot is at 200.47 and that is my first TP area. ...

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

Hello Magnumfreak, Just about shut down my Pc for the day and spotted your new journal on a last surf of FF. Love the Idea of skull and crossbones appearing on your chart. Anyway you caught my interest and I look forward to following your progress ...

MagnumFreak's March Madness

Hey Islander have a great weekend. You sure have owned the market this week ..leave some for the rest of us. I've enjoyed following your thread very educational. Can't make the fibs work like you but got a nice short from the 50% retrace of the move ...

Intra Day Yen - Naked

Hi Islander, Great thread you have going here...looking forward to following it. Nothing constructive to add at this juncture, just thought I would say hello. I have followed skunny's thread and your posts on there when I had the time, some really ...

Intra Day Yen - Naked

I use volume as an aid to trade decisions and find it helpful. This dicussion reminded me of a question I asked Orionsway on the Gbpjpy analysis thread a while back. My post and his response below and you have him to thank if it helps any. If you ...

Forex volume

Long 1.9565, from the bottom of the channel and the high from the weekly chart 121204 1.9554. Breaking the daily pivot now 1.9631. First target around 1.98 second around 2. Edit: hit +100 TP on 1/2. Remaining 1/2 moved stop to +10 Edit 2: stopped ...

Cable Update (GBPUSD)

All this talk about entries and trailing stops reminded me of a post Diallist wrote a while back in response to someones question, showing the advantages of trailing your stop the way Jacko does. Took a bit of finding but I got there eventually, ...

Jacko's Forex House of Pleasure and Pain

If the next t/l breaks longs will look good. The upper trend line though is from the daily and may be strong resistance.

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

On a line chart the t/l coincides nicely with the pivot.

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

Possible low risk entry around 215.5 with stop below the pivot or tight stop just below the T/L.

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

A very Happy and Prosperous New Year to you Breeze. Looking forward to following your progress through the year, it will be nice to see you reach your target.. I don't have the guts to trade like you although I am trading in a similar way in a very ...

Breeze....Update on GBP/JPY

I doubt Jacko was either premature or confused and and he did say he had profit locked in. Also he stated it as a countertrend trade and as such I suspect these trades have a different set of criteria for entry sl and exit.

Jacko's Forex House of Pleasure and Pain