Can anyone say which has a higher corelation to the G/J - either the G/U or the U/J Seems to me the USD should weaken against both currencies - horrendous non-farm & the BoE rate cut tomorrow.. for some reason i have it in my mind that the G/J ...

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

I had the exact same trade, though didnt close mine... I have to wrap my head around the fact that not every trade goes 100-200-500 pips.. instead, I'm BE +1 and probably get stopped out.. lol. Still I think Asia is going down into the 135s area.. ...

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

Orion, What do yo use for volume indicator? I know malcomb uses esignal, but thats too steep $$ for me atm..

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

I don't see it If the lower TL holds, should retrace around 134.50, though a close below that and bottoms away. If you have a chance to post a chart, that would be great cheers

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

does that look like a rounded bottom forming on the daily chart? Also a rising wedge on the four hour? My simple method of looking for where the price may go.. I think we might be going up, 150.xx area.. Though not straight away of course. Or i ...

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

Is this what you mean buy pros selling into strength? The more enticing to buy means theres a good possiblilty "the pros" (whom ever they be) will cause the beast to drop as the rest of joe public decide to buy?

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

I probably should know this but what does ES stand for? Thanks

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

So Malcomb, you think that if we get a close below 139.3, we be going down? Looks like we just hovering above the daily pivot 139.27. What would your confimation or indication that we would be testing yesterdays highs 141.xx? I'm tempted to go long ...

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

thanks for the great advice

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

Its easy as a newbie, to get caught up when an experience trader says something, like for me when lil moe and i think Dr G was on board as well (wheres they been??) was so excited back in December and i followed his idea, well, i got burned pretty ...

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

Where do you think i learned that from.. Thanks Malc

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

Well, i been buying touches off the 15min 50 ema all day, 20-30+ pips a time, good enough for me. Seems almost too simple Though now i'm looking for a bit of a retracement in asia. cheers, great analysis guys!

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

so Malcomb, long for the asain session?? I been noticing that the NZ open tends to lead the direction for asian the last few days.. co-incidence?

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

Based on what reason?

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

There are several traders on this forum, who are extremely succesful. Most trade from home and forums like these provide something to do while watching the charts (prevents them from going stir crazy!). Just because they dont announce " I made a ...

how does this trader make money?

Thats simple, there has to be a "TOP" somewhere and that was it. I'm making an assumption here, that the G/U drive to 2.00 was initiated by "smart money" around 1.94 each time it made a run for 2+ Just my opinion, Cheers

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

So are you saying that by touching 129 a few times, shes going to retrace back all the way up? the opposite of your examples of reaching a new high and falling?? I can say that each time a singificant support level has been broken, its been in a ...

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

I am the first to admit, i do not have the knoweldge or experience to really contribute anything more useful than Dr. G or Malcomb has said already. Though simple logic agrees with what they have been saying, basically I see there's a double bottom ...

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

Same with me! easy 100+ pips. I will look to short if we get into the 131s, i like to see at least 2-300 pips from the lowest support before i will short, just my nature i guess. Thanks for all your insight today Malcomb! I really appreciate your ...

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