Bat or butterfly. I think bat most likely. The 88.6 coincides with the next level of decent support.

EUR/JPY Anytime!

New Trade — GBPCAD

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I forgot to post these yesterday, but I've obviously entered the trades. Anyone who is reading this thread can see why I entered each trade. All just basic S/R, channels, and breakouts. Here's my current open trades: EDIT: That's a screenshot of 6 ...

Backing Trades Thru Charts

Dude I love your quote. A lot of times it's so hard to clear your mind and let your mind know what your eyes see and that is where most trading mistakes are made. For that reason alone, I do not listen to news.

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

I am back in Panama for the next few weeks, packing and shipping things to Sweden. I will definitely miss it. I won't miss getting up @ 1AM to trade though

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What are you targeting on that one? I've got 1.2550, but will watch price action as the gap is filled.

Backing Trades Thru Charts

Well not yet. 140 has been breached.

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

Here are a few possible scenarios. They are longer term, and not valid at the time of this posting. I'll try and get some more up but I'm looking to short a bunch of the JPY pairs and I'm watching them closely

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I won't risk quite that much. Will place a stop above this 4 hour candle if the setup happens.

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

Which way? I'm long EURAUD @ 1.4315 since Friday.

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

In all honesty there are 3 scenarios there. 1) You're right. It'll come down. 2) You're right. It'll come down... eventually, and you'll wind up with a possible unmanageable drawdown if you're one of those in the no stop crowd. 3) It won't come ...

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

I'm in the bear camp so long as the 4 hour closes below the 139.35-37 area. I'm targeting the lows of last week. The setup looks promising with a R:R of over 10 to 1. EDIT: Make that 13.26 to 1.

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

That's what I'm thinking. The only thing that's got me questioning it is the recent upwards trendline break on the USDCHF. It's a trendline from back in November of 2008. It was a perfect breakout, retest, and continuation. I can't seem to locate ...

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Sell TP hit and Buy order activated.

EUR/JPY Anytime!

How are you doing overall with the timing/COG system?

EUR/JPY Anytime!

In about 15 more pips I will totally agree with you. @ 125.50 is my sell target and a long buy limit.

EUR/JPY Anytime!

Let me preface this with the fact that I'm pretty new when it comes to trading harmonic patterns. With that said, I'm finding that when they coincide with a support or resistance level or valid trendline then they're pretty powerful patterns in ...

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And the rest:

Backing Trades Thru Charts

OK here are my Sunday open trade ideas. I know I'm posting a lot of charts, but to be honest it keeps me very focused on what is important. If it's too subjective for me to share with the world than maybe it doesn't have enough validity to trade. ...

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