Hey — Looking at the daily, we do have a long signal to 213. Hopefully she'll find a bottom soon. I think longs will make it out alright. IMHO.

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

Simple PA Geppy — OK the beast finally fell and hit my lower 61.8 ext just a couple of hours ago. Now RSI is feeling the burn and there is sell strain on the hour chart, meaning many consecutive low close candles- no solid retrace levels. I ...

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

Hey friend — Very true, but out of all the noise, valuable information is to be found on the lower time frames. I look at the lower time frames as the DNA ,if you will, of the big picture. I determine targets on the higher time frames and I ...

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

Still looking short — GJ's swing has closed counter trend on the 15. Be very careful here longs! And remember that bulls often die while standing up!

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

Fibs and Gann Geppy — I'm seeing bears still in action to ~ 205.10. Price broke to the south side Skunny style on the last swing and closed past the middle of the gann diamond. I think things might trend sideways for a while to relieve the RSI ...

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

Finally back — OK looking at the pound yen, I am now short to 205.85. Justification for this trade is based on a modified Japanese fan, what I call the Japanese butterfly. I'll type out all the instructions later, detailing the technique then.

Mission Discovery: Think Outside The FX Box

Good charts — That looks really good man. Thanks for the post. Keep them coming through the week!

Mission Discovery: Think Outside The FX Box

I'm back — Hello everybody, I haven't been on for a while. I have family visiting, and have been away from the good old factory. Okay some notes. About stop losses, I don't use stop losses but I do manually exit trades that reverse direction ...

Mission Discovery: Think Outside The FX Box

LOL — I listen to a lot of AM radio. I always develop a picture in my mind of what someone will look like that I'm listening to. I've never been close! One radio guy in Minneapolis MN named Tommy Mischke won't let the station he works ...

Mission Discovery: Think Outside The FX Box

Hello — On post 106 I only have the sell decision line and the sell target line drawn. The green line on that chart was the price action indicated retracement level. So only half the fan is there on 106. Here is a video I just made explaining ...

Mission Discovery: Think Outside The FX Box

Things going nicely — Ok, the price action retracement zone was just completed. It could go up some more possibly to 205.32, but I think we will see a move down to my red line pretty soon now at 203.80.

Mission Discovery: Think Outside The FX Box

GBPJPY NOW — Trading on the 30min. Price eventually headed to the lower red line:203.90. As of now (7pm CST) The low TF's are oversold and in need of a move up. On the 30min chart there is a PA retracment zone at 205.05; this level needs to be ...

Mission Discovery: Think Outside The FX Box

Decision line chart how to — Here I hope this helps with the decision line drawing

Mission Discovery: Think Outside The FX Box

Whoops — Southernmind, I'm sorry my friend. You are right, my mistake here. When drawing a japanese fan you first pick out two candles. Then draw a line from the high of the first candle to the high of the second candle. Then do the same with ...

Mission Discovery: Think Outside The FX Box

GBPJPY NOW — I just adjusted my Japanese fan and I expect a move in the hours to come to 203.83.

Mission Discovery: Think Outside The FX Box

hey — no I don't use a SL so I cannot help you there. Your setup will probably work. Just keep this in mind: The lower the angles of your lines, the less work price has to do to get there, and the safer the trade. Safer is what I like.

Mission Discovery: Think Outside The FX Box

Keep it simple — In our minds a few lines are very simple, but keep in mind that the data they represent is very complex. The lines we are drawing are very significant. I'll attach roughly the same chart I had up yesterday. It's my current ...

Mission Discovery: Think Outside The FX Box

GBPJPY NOW — On the 30 min I am now short to 204.30, trade justified by a Japanese fan.

Mission Discovery: Think Outside The FX Box

hey — Yeah that setup will probably work, but I would space the two candles out a little more. Also your decision lines go from high to high and low to low. Wait for a close past one of those lines and trade accordingly. I hope your trade ...

Mission Discovery: Think Outside The FX Box

Hey — Hey southernmind, Thanks for the questions. I haven't been on here for a couple days. Yes your examples of the method are right on. It's looks like both would have been good trades, so good work. I am glad you are thinking outside the ...

Mission Discovery: Think Outside The FX Box