Guppy and cable are both ranging without any real direction this morning so I'm looking to the technical aspects in USDJPY to provide some excitement. The horizontal(ish) blue line has been validated several times since Jan 2nd when the ...

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

A word of warning to anyone who is considering using vhands on their main trading platform - don't. Open a demo account (NorthFinance do one that never expires). My Alpari MT4 (which I trade live with and personalized over the last 6 months) keeps ...

VHands Trading Simulator

Realign your expectations with reality, they are way too high. The first lesson you've got to learn is how to survive in the market. Nobody is here to lose money but I can almost guarantee you will trying to get 10%/day. If you can average 5-10% a ...

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

-570 now. I'm very surprised the bulls haven't taken the opportunity to get in a low price. This says a lot to me about the risk aversion going on. The next few hours will be key. PS. In general if the Nikkei tanks, the Yen strengthens due to carry ...

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

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

Why do you want to buy indicators? There are more than enough out there for free that are just as good as any you could purchase. If you want to learn to trade effectively read the various threads on this forum. I'd recommend the James16 Price ...

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

I don't normally trade it but USDJPY does look like an interesting proposition on the short side looking at the wedge on the 4H chart below and price action on lower TF's. If it does (finally) break the resistance then longs should be in play, ...

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

CoT?

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

Hope it works out for you, but that's not the way I'd personally play it. Simple trendline analysis, and even a brief read of the financial pages should have suggested to you that the bottom was going to fall out of the GBP. You never use a stop ...

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

Watch out! Mom on 30m is unreliable at best, better to wait for some PA first. I don't mind giving up the tops and the bottoms as long as my hand doesn't look like this.

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

It's SELL high and BUY low, not the other way round. Haven't you got a stop loss in place? It does look oversold right now and most are expecting a bounce but there's no telling how far GBP could fall. GBPUSD hasn't retraced since it broke through ...

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

Let's see a chart then McNulty.

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

Nice one dagoods, that was officially an 'A trade'. They don't come around often enough. With the bearishness of GBPUSD and the drop in GBPJPY today, have we actually broken out of the wedge that we've been stuck in for the last few weeks? The sky ...

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

To put it into perspective, it was just $20bn (which would look pretty good in my bank account admittedly) but the $500bn worth of Euro that was injected by the ECB had little effect, so why would $20bn. The effects had already been priced in IMO, ...

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

It looks to me like both GBPJPY and GBPUSD are at an important juncture. Both are in wedges and I expect them to breakout fairly soon, possibly following the MPC meeting minutes if they arouse enough interest. Peruse the charts below. The GBPJPY 4H ...

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

That particular area is only open to subscribed (ie. paid) members.

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

Give us a picture FX. According to the TL's/channels that I've drawn we are sitting on the longstanding lower trendline which is drawn on this weekly chart. With a lot of talk about GBP devaluing in the future and the recent USD rally it could be ...

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

Yeah, but just rescanned server, logged in again and it works fine now.

North Finance Demo Account No connection

It's certainly not guaranteed to hit the 'drop zone' where the 50 fib resides at 231.30, it just fits into the pattern. Here's my outlook for today: Three black crows on daily chart. This suggests to me that there is a high probability that we could ...

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

This thread is dead. Perhaps this may be of interest to some of the followers. I focus mainly on GBPJPY these days but I noticed a number of three candle formations which may or may not be valid depending on whether you are willing to trade ...

Simple Daily System