I see immediate support @ 10K, but it could test and possibly exceed the lows of 5/6. I see the 9880 level as a viable downside target. I don't trade it... but it would be nice for my long USD stance.

Cable Update (GBPUSD)

Hahahaha! That's great!

EURUSD

I'm not a VSA expert by any means, just a quick study and studying VSA. At any rate @ the aforementioned 130.5 level sellers have stepped in every time and the subsequent down move volume is higher than the volume on the moves up. That to me speaks ...

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

No that's a great call. I honestly didn't see it.

Backing Trades Thru Charts

1.5945 here. This is why:

Backing Trades Thru Charts

I see 1.5945 as a much better level to short. Check it out.

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

I went ahead and took profits @ 1.7000. I can always buy a breakout.

Backing Trades Thru Charts

Dude I was telling someone else that just the other day. That was the best time ever. Straight up and straight down (or down and up depending on what you were looking at). I don't know how anyone lost money on that.

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

Dude it goes either way. I do best trading many pairs. Right now I trade about 20, but there is another train of thought which is find a currency pair, learn it, and how it reacts to certain things (terndlines, indicators, etc.). For example GBP ...

Backing Trades Thru Charts

I think break. I have this: EDIT and if it's going to pan out, this is the sell point now (12:42 PM GMT-5).

Backing Trades Thru Charts

I also think that if cable breaks the recent bottom we'll see about 650-675 pips downside. I'm out of here for a bit guys!

Backing Trades Thru Charts

I got short here: url I think this is going to be it. I'm targeting the 118 area. 118.50 to be safe.

Backing Trades Thru Charts

Agreed.

Backing Trades Thru Charts

I've still got the 1.8050 area as a target on my longs.

Backing Trades Thru Charts

Stopped out? I thought you were invincible! That said, it's good for a lot of people reading this thread to see that they don't ALWAYS work and this is where managing risk and stop placement come into play. And hell, most of the time if it's not a ...

Backing Trades Thru Charts

Well at the risk of being elusive, we should talk at a later date. that said, I wish FXCM the best of luck in the Strategy trader platform. It's definitely a step in the right direction although all of those who grew up trading on MT4... are going ...

FXCM MT4

And here is the second breakout and the second target about to be met.

Backing Trades Thru Charts

Thanks man. I hope you don't take this the wrong way... but I would have preferred cash instead Just kidding! I appreciate your analysis. I've never figured out how to make pitchforks profitable, but I'm watching you.

Backing Trades Thru Charts

Short Geppy

Backing Trades Thru Charts

A slightly different take, but this sucker might be coming into play. I'm not trading it yet, as countertrend just doesn't bode well for my account balance.

Backing Trades Thru Charts