I'd TP at about 1.2845-50 which it almost hit. If it breaks that I would look at about 1.2800-1.2795. Just my 2 cents.

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Looks like that 137.50 on G/J worked out Willowgal. Took 50 or so pips. Thanks

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Long 137.50? seems like an important support level.

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

Hey willowgal, I've been checking the thread a lot. I haven't seen too many attractive trades so I haven't posted much. That G/J trade looks good to me. Kind of a useless post from me, but I'm around -Wonder where BRV is? I've been excited to see ...

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IBar — Is this inside bar on the 1hour of any significance?

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

also an Inside Bar on hourly...

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

You're totally right on the ability of inside bars to give you a clue that the trade is not working out, and to cut your trade quick. If I see an inside bar close, expect the price to go south, then enter a short, I'm very likely to close the trade ...

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Hey RC. Once again hope nobody minds me chiming in, just trying to help out. Inside Bars can be seen more often on lower time frames, less on higher time frames. As with most analysis, generally hold more value on the higher timeframes. They can ...

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I hope RC doesn't mind me chiming in on what I think he saw....

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I'm bearish as well. Looking for a good point for it to turn around and catch another ride down. 118.50 might be a more realistic point to short.

EUR/JPY

If it gets back up there, what do you think of short at 120.14?

EUR/JPY

Good points. After thinking about it for a minute I also realized a breakout would probably not be an ideal trade. Here's a quote from Iron-Man that I've printed out and will keep near my screen. "A quick look at a 4 hr chart will tell you what kind ...

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what do you think of playing a breakout on 60.65ish? Seems to have been touched many times. Could have orders building up on the other sides.

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Yep, I've noticed that as well. Been tough trading these past few weeks.

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what are you thinking for TP?

Cable Update (GBPUSD)

It already broke through it but IMO that wasn't a hard area of resistance. You want to see clear touches with significant amount of time inbetween so everyone has a chance to take notice, and the orders will pile up in anticipation of a break or ...

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Good points smittens. Thanks for the insight.

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USDCHF Bucket? — Possible bucket on USD/CHF?

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Still think it will go up with no NY session today?

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I agree triphop. Breakouts aren't as easy for me. Fake breakouts (bull traps) and reversals are more likely than a real breakout. I like to go with the trend and get in when it retraces off a s/r. I guess my 2 cents on breakouts is look for an area ...

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