Mind posting something to back that analysis?

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

The great thing is... that even if I'm wrong and the channel fails and price breaks out. I take my little loss, turn the trade around, and make a chunk of $.

EURUSD

Well I kicked my dog too Does that count?

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

Yeah, and I shorted it @ 1.44577. Go figure

EURUSD

I agree, for every buyer there has to be someone convinced that selling is a good idea. Otherwise this game wouldn't work. I have been trading full time for the past 6 years. But... maybe it's me who doesn't know what I'm talking about. Just ...

EURUSD

I'd be cautious of using Dow theory on intraday charts. Charles Dow didn't. Look at a daily and tell me what you see.

EURUSD

I agree... seen it a million times before, but unfortunately I got a bit frustrated earlier and therefore cannot trade anymore today: image

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

Yeah well now it's above 10K This is some sloppy-assed price action today. I don't play the smaller timeframes nor ranges, so this is frustrating as hell to me. We just need to break the damned flags to the downside and let the trend resume. That ...

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

I see bear flags everywhere.

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

I See nothing about how to acquire it. Anyways.. back to trading.

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

DJIA is under 10K. This means a strong dollar for the moment.

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

I posted this in another thread, and while not a chart pattern analysis per se, it is noteworthy: If the USDJPY is any indicator of the GBPJPY (and it usually is) let me just note that we've made 6 runs at a support level in the past 2 hours while ...

Backing Trades Thru Charts

if the USDJPY is any indicator of the GBPJPY (and it usually is) let me just note that we've made 6 runs at a support level in the past 2 hours while putting in a series of lower tops. One thing I know about support is after you've hit it enough ...

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

I have no idea. What IS it?

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

It's nearing the top of a small downward channel, in which case, I'll short some more.

EURUSD

The only to get the Euro high is to give it some weed. This consolidation will end soon enough (although maybe not today) and we'll see a new low.

EURUSD

I think your TP is wrong although keep an eye on the 4250 to 4220 area. Depending on how long you hold your trades, I'd probably take profits there and sell a successful break of the lower #. I'm holding this baby for the eventual ride down but I ...

Cable Update (GBPUSD)

See above.

Cable Update (GBPUSD)

Nothing special, just my thoughts.

Cable Update (GBPUSD)

This sucker is so going down. I'm short from 4440. See you at the bottom.

Cable Update (GBPUSD)