I'll just be happy to see 243.20. :-) But, yes, I'd like to know what Auslanco's input is regarding beyond 243.20. Frank

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

Yes, I'm still long. What about my question earlier. If the DOW affects GBP/JPY, should we be concerned if the DOW is dropping (like it was today). Or do we just treat it as "news", and expect the GBP/JPY to resume it's course? Thanks, Frank

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

With the DOW going lower now at +53, should we be concerned about GBP/JPY longs? If not, why? Thanks, Frank

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

markam, Thanks! That makes sense too! Frank

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

karmostaji, Thanks! That make sense. I've been wondering what causes it. Frank

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

I'd like to ask a question that I hope someone can answer. What does the US stock market have to do with GBP/JPY? When the DOW goes up, is it typical for GBP/JPY to go up also? Thanks, Frank

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

After it hopefully hits 243.20, how much of a pull back is normally expected before heading north again? I saw that one person is predicting 244. Auslanco, do you recommend getting out completely at the Limit? Thanks, Frank

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

Hey guys! I'm back after 4a few hours of sleep (US time). I see we got close to Take Profit. I hope this thing goes back up! Like Auslaco says, I'll try to stay calm. I'm just glad my SL didn't get hit while I was sleeping. It was getting close when ...

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

Where does everyone have their stops for long positions? Thanks, Frank

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

Auslanco, Thanks for the words of encouragement. That's what I'm hoping to learn by following and participating in this thread! Thanks! Frank

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

I've burned 200 calories in the last 15 min sitting here. :-)

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

YOu seem so calm. The rest of us (at least myself) are sweating. :-) Frank

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

I just bought some more. But, I ended up losing some while trying to short this on the way down.

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

Thanks Mike! This is what I was looking for. Frank

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

Thanks! I guess I could hold my longs and then hedge this for a few pips down if it breaks 241.40. But, the question is how far will it go down. Frank

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

If it doesn't hold support at 241.40, do you still expect this to go to 243.20? Thanks, Frank

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

Thanks! We shall see. :-) I'm expecting it to go up, but not by that much. Frank

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

Thanks for the buy signal! I'm in! ;-) Just out of curiousity, how do they know this?

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

That's a tough one to answer. It's hard to say because sometimes it's a fake. And, if you wait too long, you'll miss out on potential profits. Determining how much is enough comes with experience. Sometimes, there's a break through of support or ...

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

Jim, Thanks for the reply. I just looked at IRS Form 4952. It is titled "Investment Interest Expense Deduction". I read the instructions and it "sounds" like this form is if you paid more interest than you received. Can you please clarify or let me ...

FF Trader Tax Thread