USD index pushing on 86.00 resistance, break above means GU lower dragging GJ down too.
What's that smell?
Auslanco-GBP/JPY Strength Indicator strategy 345 replies
Auslanco 15min GBP/JPY startegy 630 replies
My MT4 indicators for Auslanco's strategy 92 replies
Auslanco 15 minute Strategy Oanda FXManager Updates.. 62 replies
Questions About Auslanco's Trades 72 replies
DislikedDear traders....
I decided to start my own thread because there are some other great traders who can provide very valuable analysis of GBP/JPY on the other thread , and I feel that my trade calls are overshadowing those good analysis contributed by other experienced traders.
This thread is mainly focused for new traders who want to learn my trading methods.
Money Management & Trading habits:
Maximum 2% risk per pair. What that means is when you calculate your stop losses your stop loss amount has to be within 2% of your account .If the trade goes against you, the maximum you will loose is 2% of your account. This way it also prevents you from getting panic attacks...Ignored
DislikedHi there. Don't know if you knew this already but theres a little thing on mt4 which confirms properties of fibs, trend lines etc without having to right click etc. This is really useful with fibs if you have many sets on a chart and are trying to click on the new set to change colour etc. If you want to place a hor line on an indi then you simply enter the value after just dropping it somewhere near. To explain:- Click on Tools, then options, then objects , check show properties after creation. Up comes the box and you change values, colours etc or just click ok. Hope it helps. Andy.Ignored
DislikedShort @ 153.25 TP: 144.66, today prices were supposed to visit the level 157.54, but it failed and only hit 157.53, this was a clear sign for me that prices will go down so I had a short trade at 155.00, I was waiting for prices to reach 152.77 which is another sign for me for the down side, and it reached it so I took a short trade @ 153.25
Both trades with same TP, since last Wednesday and I had a sign that prices won't reach 161.00 till the end of this month or at least for the first 3 weeks in November, so either prices will play below 161 and 154, or below 154 till the end of this month, this is my view for this month.Ignored
Dislikedpeople are laughing at my blood bath comment
I like that
tomorrow this thread will be filled with targets down below.
that pic lilmoe is an excellent of what this thread is turning into, a bunch of clowns except the one's are my friends and they know itIgnored
DislikedDate: 2008/11/10Time: 18:58 (GMT +2)Ticker: GBPJPY Last: 152.8 Pivot: 152.1 1st sup.152.1 2nd sup.150.35 3rd sup.147.65 1st res.155.25 2nd res.157.9 3rd res.160.7 Summary: Update on supports and resistances.
Our preference: Long positions above 152.1 with targets @ 155.25 & 157.9 in extension.
Alternative scenario: Below 152.1 look for further downside with 150.35 & 147.65 as targets.
Comment: the RSI is negative but supported by a strong support.
http://www.tradingcentral.com/chart/...1110185757.GIFIgnored