Hakuna, How do i get past getting head-faked. Every spike up or down i close the order, is this just experience? my short from 230.83 i closed for 20 or so pips because i got head-faked.

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

Closed my short at the fib, will wait to see what happens next.

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

Im with you at 230.83

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

markam, can you point me in the right direction to get more knowledgeable in the economical part of the forex world? Any help is greatly appreciated.

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

Karmo, You said you use VT trader for your charts? Also, quick question: what timeframe does a candle have to close above the trendline to be GOOD confirmation that the trendline has been broken?

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

Im with ya at 233.76

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

My mistake

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

Aus, After a candle has broken a trend line, what Timeframe does the candle need to close in above the trendline for good confirmation that the trend line is broken?

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

ok, thanks, thats what I thought too.

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

i thought a cut in the rates is good for gbp/jpy?

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

so this is bad for gbp/jpy? aka it will go down?

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

ok, thanks a lot markam.

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

Karmo, Thanks for the answer before about metatrader. Theoretically, what will happen if the rates are not cut. I know there is no way to tell the future, but what would be expected. I dont know how the rates are supposed to affect crosses...any ...

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

Karmo, My metatrader is off 2 hours, so my 4 hour bar closed 8 minutes ago at 10 a.m. Meaning my next bar will close at 2 p.m. Am I gonna be 2 hours late for the strategy trade?

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

Hmm...anyway to fix this?

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

Does anyone know why my MT4 updates the 4 hour bars at 2 oclock, 6 oclock, and 10 oclock? I live in New York, so I don't understand why they are updating at those times...It makes my charts look completely differnt then everyone elses. For example i ...

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

Did you guys skip the part where he said he was STAYING???

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

Id have to agree, excellent thread. Definitely one of the three i visit many times daily.

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

long 1.0522 based on 50% fib retracement, and 150 MA on the 4 hour

USDCAD trend reversal?

Auslanco, A new 4 hr bar has shown up on my chart at 10:00 p.m. EST, shouldn't it have shown up at 12:00 a.m. eastern? Does it matter? Thanks, Tim

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