Oh good I can stop crying in my cereal there is still hope for 6% a week.

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

All this time you were my idol because I thought you made over 30% a month. Now you say "barely make 10% per month", say it ain't so. Ok you are still may trading idol but I was hoping to get almost as good as you and make 6% a week

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

What is IWCR?

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

I expected 10% unemployment rate this year when I was looking at the stats last fall. It will surely clear that when the auto-workers downward spiral is in full effect.

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

Man I sure miss News trading. Anyway I had to quit news trading and learn TA since news started moving the wrong direction half the time. Not to mention the revisions. One would think that a -200k difference for the better in job losses would be ...

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

This was a big issue for me in the past. But now I finally got it through my thick head that supply and demand areas are Zone/Areas and I have to use my observations when price is in these areas to make my descisions.

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

I had mine at 156.87, but your target seems more reasonable. We had some supply come in, see what happens. update: take 20 pips and calling it a day

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

For GJ looks like buyers were found at 155.50 area. Looks like a good 50pips risk to 90pips reward on a long from here. (155.96) update: now a move to BE would be good

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

By the looks of my chart I made with crayons, we need a wide spread candle below 155ish.

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

I believe this shows there is more supply than demand in this area. I think the only thing it means is the market will have a markdown (maybe 800pips) then come to another decision area at about 152.00. Although if it continues to bang against ...

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

MTWyckoffSchematics...pdf it can be found in the attachments on this thread. Then there is a website I found that has good info. url

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

When you say that you trade London session, do you mean that you trade the whole session 3am EST to Noon EST? To include the US overlap!

Iphone Scalping

According to Wyckoff, I believe there was a "jump across the river" then the point you are talking about is the "Backup to the river". It was a low volume test of the validity of that resistance level. Which then becomes support.

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

I traded news and since last fall market reaction to news is strange. There is no rhyme or reason to market sentiment with the news released. So I am back to TA, a skill that is harder to learn, but can't be taken away like news trading. My lousy 6% ...

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

I wouldn't get too carried away. Money Management is important, but you still need a method that gives an edge.

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

I agree I think Sam Seiden has good stuff althought I believe that VSA can be used with his supply/demand methodology.

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

Wow I have been researching Wyckoff and VSA for a little while and when I tried to use it today there was no rhyme or reason. I figured I was wrong and needed to start over. Good to here that it is not just me having a hard go at it.

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

I was thinking similar. Although Elliot Waves are discretionary like most other things.

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

Looks like GJ is coiling up into 145.00 thru the rest of the day. Then we will have a good break out to look forward to next week

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

Not confused BRO, I just want the best way to view volume on MT4

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