Thanks for the explanation mate! Sounds like a solid MM rule. I must admit I could do with being a bit more disciplined in that area.

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

Aus, may I ask is this how you calculate all your stop loss levels, ie. consider how much you are prepared to lose and your position size then calculate it accordingly?

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

What's this? 200 MA (Orange) on the daily chart as well. All these within about 3 pips of each other!

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

I too am preparing for a short, possibly for different reasons to others but the main reasons are the rejection of the resistance at the 235.80 level a couple of hours ago, where the 4H 50 and 200 MA's are, and the 1H 200 MA is. If it is going to ...

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

I don't believe in astrology. I'm a Cancerian you see, we're very skeptical.

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

According to my studies, this type of triangle (tightening range) marked by the thick white wedge represents consolidation in a market and is often followed by a continuation in trend (which is down for us). Although on a relativelt low time frame, ...

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

Click on the paperclip in the top right hand corner at the top of this thread to show all the attachments, scroll down to a .vtscr file called multi momentum or something similar. Add it to your VT indicators (like you would an mt4 indicator), ...

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

Interesting factors but I think I shall abstain from any long moves in the next hour or two. This divergence on this 1H MACD is signalling to me the latest bull run may have run out of steam, plus those all important MA's hovering above suggest to ...

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

I had DP at 238.08, where have you guys got yours?

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

And the weekly pivot. This should tell us whether it really was just a correction (if it breezes past these resistances), or there is yet more legs in a move south.

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

I'm not too sure about entering any short positions whilst this pin bar is forming, looking at recent dips in the uptrend on the 4hr charts, this has often signalled the end of the dip and the next candle is big, long and all white - boo! Just ...

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

I'm in no position to be teaching anybody, I'm only a year or so further down the line from you but since I've been reading this thread I've learnt a great deal and my profitability has gone through the roof. With it being a forum 'organic' ...

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

It's still around; url

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

Patience pays gentlemen.

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

But on the plus side, no fixed exchange rates does have its advantages! Just make sure you've got a stash of gold to fall back on if it does collapse. I hear Greenspan has been stocking up on it, which is somewhat revealing. Ever watched 'The Money ...

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

Cable stalling — It's stuck on the midpoint between the daily pivot and R1 on my charts, exactly where it failed to break on the 5th, and then fell a couple hundred pips. If it goes North, my guess it is only temporary and will return to the ...

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

Been long on Cable for awhile but doesn't look like we're going to get through this resistance, at least not now. I've heard compelling arguments suggesting we're headed North in the next 24 hours or so, maybe 2.05+, but I'm starting to think about ...

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

100 pips late, don't worry I got out 100 pips early. For some reason I'm following the 'cut your profits and let your losses run' policy today. Sometimes I just want to punch myself in the face.

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

I can see a Loch Ness Monster. But they don't exist either.

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

We've got Eur/Jpy showing three white daily candles in an uptrend, which has been pretty successful with this strategy in the past. There is quite a large shadow on yesterdays bar, which could imply some resistance at the 167.60 level but our ...

Simple Daily System