Excellent point... I have to remember this rule...

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

It maybe too late....You missed the opportunity from the lows.. malcolmb14 and quecee5 mentioned about the drying up of sellers.. "Supply and Demand" --Elementary... Also, it would be better to wait until asian market open for better PA..

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

It's the newbie's money I am trading

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

I am buying the lows for 100 pips to 130 on retracement low 129 average..

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

I still feel the 1.4300 should be hit first before the HD plays out...The dollar is strengthen against both GU and EU.. Tomorrow news for the dollar should push the GU down further before the rebound.. IMHO.. Thanks for the feedback..I still have an ...

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

GU still looks bearish — I don't see any retracement yet in the GU and the EU.. The GU heading for the 1.4300 area on the 4hr chart The EU is bearish.. These two bearish pairs will pull down GJ to another low..

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

My intervention is to buy more short positions..

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

Look at the EJ — The EJ is starting to meltdown... It all bearish.. If the EU continues fallen, the EJ will pull the GJ down also.. How low can you go?

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

PA speaks louder than words... The EU weekly chart looks bearish... The indicators shows a Bearish Divergence.. It may take out the EU low 10/08 If this EU weakness continues, than US will be the safe haven for now..

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

H & S formation is almost complete on 4hr GU — Based on my charts, I have the 1.4300 area as the TP on the LTL... This PA dropping to the LTL should help the GJ go lower... How low can you go GJ? I have a predicted low on my monthly ...

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

The only reaction I see so far with the strengthen of the dollar is the oil and gold dropping...The UJ is not buying into this strengthen dollar...GU is now starting to catch up with the US recession and getting weaker....It seems the US dollar is ...

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

Daily Chart — I have been away for while, and I see that the PA didn't buy into this Trade balance(short rally)...I am glad I locked in some pips..I had my short order triggered at the low.. I have my daily chart target set at 127.40 range ...

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

Good trade.. I need to stop focusing on the fundamentals and look at the charts for divergence...

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

Good call..I need to focus more on this divergence...LOL.. You are on the right track...

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

Not expecting outsized USD gains on the better trade headline as... the details suggest a pretty weak report. Exports fell -5.8% on the month while imports collapsed -12.0% and both are not a good sign for US economic growth. Indeed, the ex ...

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

Hourly GJ chart — My first target after three attempts with -25 pips lose trying to figure out this PA...LOL.. Stupid me force trading today... The fake breakout to take out the low from Dec.'08 is what fool me to take the one short ...

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

Dam... I close out again..LOL..I will take another long now that I see the trade balance improve... Long again...crazy PA....UJ is awake now....

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

Read above commentary news on GU.. url Ben did it again...

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

Close the trade again for -10 pips..I see the PA on GU dropping fast.. I have my TP at 127.40 range on my daily chart.. I am short now for possible 300 pips... RSX bar is down TL is trending down.. Trade balance will probably be bad.. DJ is dropping ...

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

Here I go again for another long with SL below the low... Three pin bars 15min GJ DJ is recoverying oil dropping.. Come on GJ go up first...

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