That all depends on how you look at it and what time frame. TL's are more of zones anyway. I prefer to draw with whatever coincided with touches on bigger time frames then scale it down. It's all the same thing and TL's are not that significant ...

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

It's decision time so neutral is a good position from here. Possible bull continuation as support was found at 61.8% at 11 GMT (i think thats the right time). Bear is a good risk:reward at this current level to look for a retest - who knows how far ...

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

I call it the Chief. AKA - Cheeba. I also remember someone referring to it as Congestive Heart Failure.

Trading Room; 1KT

Looks like we're in a bear channel for now.

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

Strong buy signal if anyone is interested. Looking for 1.4000. SL @ 3515. Excellent risk:reward.

EURUSD

So, are you in for a long haul then? My dad always told me, "Don't count your chickens before they hatch." Good luck with your shorts.

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

Getting really close to the level of reversal. If your short though it's nice to stick as the double top is tempting for holding.

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

Hello aediaz, I like your style. You actually know how to listen to your environment. I've been around the FF for a couple of years and been trading for about 5. I have found myself getting addicted to a thread that has absolutely nothing to do with ...

Trading Room; 1KT

Yes sir, all looks ominous!

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

Just out of curiosity I wanted to see what this system was about to kill time. So, I went through the thread and all I can say is that I was schooled in a manner that made me giggle. What a great strategy for entry! Thanks to the simple one

Simplicity is the ultimate form of sophistication ( Elite )

I've been with MIG for over a year and haven't had any problems. Great people and decent execution. I don't scalp or trade in high volatility so re quotes don't affect me.

MIG Swiss - no taxes?

Hello Lion, Nice thread - I hope your group will find my analysis a worthy mix. I'm more of a long term outlook trader who waits for 3:1 risk reward opportunities on the daily and at the moment I'm more neutral bias but looking for bull moves after ...

The Experts Zone: GBPJPY

thats just broad dollar weakness today. i dont see it as engulfing though. Res. at 99.50 is clear.

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

Last weeks candle looks bullish engulfing. Looks like we're getting mixed signals today.

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

Trade what you know is going to happen and just watch what you think will happen.

EURUSD

One last thing.........Trading Forex has nothing to do with making money - It's more about managing risk. That's my mentality at least.

EURUSD

You are making all the right moves to learn. If I may give one piece of controversial advice: Scalpers always lose in the long run. Develop patience and don't look for trades - Let the market tell you what to do.

EURUSD

If your waiting for the bigger move to get above 3400 then you should possibly wait for the daily close to re-asses an entry to capture a move to 3600 tomorrow. If daily fails to close near or above 3400 then a neutral to bearish stance could be ...

EURUSD

Well bears........Looks like the exit door was reached with a breach of 3400. this opens the door to 3650.

EURUSD

traditionally, whoever cuts rates looses value. One never knows anymore though.

EURUSD