Some1 took this short @ 50% fib (re-test) ?

Intra Day Yen - Naked

Another verification how profitable fibs and correctly drawn lines could be. Bears seems quite strong today, I still have my short open from 50% (209.98) retracement. I had profit-target at 209.08 but another trader made my adjust target further ...

Drawing correct resistance and support-lines

Since this is aus thread: Logged into aus trading-room, he just made a trade call ,short from 209.80 and he's targeting 207.60. Might move my profit target further down

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

Have done a 50% retracement on the 1h chart. Short-term longs could be dangerous IMO. Targeting 209.08. Some share same/different point of view ?

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

Well isn't that great We don't say no for extra conformation on a trade that's for sure !That's the kinda setup I love. Banked mine at +55. Still raiding ?

Drawing correct resistance and support-lines

Gotta love trading within a strong trend. Your trend-lines are strong and valid too. A little update on guppy, expecting trend to continue down if this resistance holds up.

Drawing correct resistance and support-lines

How wrong could I be ! Price to pay when being to early on judging where the market is going before I got any confirmation bar. 1h hold price away from breaking support, just glad I didn't open any positions.

Drawing correct resistance and support-lines

Well, then you did good. Better safe than sorry. Bank profits while you can. And be very careful catching a falling knife when your buying a pair under heavily pressure. I have learned that the the hard way And I see a proper chance for gbpusd ...

Drawing correct resistance and support-lines

Tempted for a long on gbpusd. If it falls abit more down to support and I get the price I'm looking for. You still favor a break ? Edit: Never mind, just look at the PA. Too much selling. Calling that long off. Doesn't matter if it goes up.

Drawing correct resistance and support-lines

Hope you had your short through this fall ?

Drawing correct resistance and support-lines

Good enough for me. A 65+ pip movement in no-time.I still think this could move down but I'm not willing to risk my pips.

Drawing correct resistance and support-lines

If London pivot holds short should be safe for now. Expecting guppy to channel down today but market seems abit slow right now. No big news neither. Edit: Alot of selling around London pivot, I have gotten the PA I was looking for. Expecting price ...

Drawing correct resistance and support-lines

You are right on your statement, I should have clarified it; I saw that just as a correction of this bullrun, and that we would continue the upward trend. That's why I put a HH on a bar that looking on a larger time-frame really not is a HH. Not ...

Drawing correct resistance and support-lines

More bearish potential ? Done with a 50% retracement.

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

Good luck with you journal !

MG's trading journal, blog, analysis, speculation...

Well done guys ! Keep it up ! Edit:still more bears in gbp/jpy ? Done a 50% retracement now.

Drawing correct resistance and support-lines

I'm expecting gbp to strengthen according to my charts, but not 100% sure yet. Everything can happen. I'll try post a comment if momentum changes

Drawing correct resistance and support-lines

No problem using lower time-frames as long as you correlate with higher TF's.

Drawing correct resistance and support-lines

He is a skilled trader, no doubt, and I have seen alot of he's trading videos.

Drawing correct resistance and support-lines

Well done ! Almost magical how accurate S/R lines from the past can be. Gonna focus more on gbp/jpy and gbp/usd for the next weeks. Even tho trading other pairs can pay off, I just feel that gbp need more then enough attention. Have a nice weekend ...

Drawing correct resistance and support-lines