Nice one mate. Not far to go now

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

You're not gonna get wiped out. I thought we might get a bounce to 160 at some point but that's looking less likely day by day. There's plenty more downwards movement to come as long as you don't mind waiting.

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

I could of course be wrong but I think the Beige Book news is a low risk event so I don't see it having much effect here. The news that'll drive this is tomorrow at midday GMT. I don't think we'll see new lows until tomorrow morning GMT although I ...

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

Nice move, that's the beauty of long term trading. I've had mine since 213.08 and I'm keepng it until we get to 100.

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

$26k and you're still trading?? Think I would have given up long ago!!

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

I'm hearing rumours of another possible 1.5% rate cut Thursday from BOE. Now that should make things interesting for us bears!

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

Been there done than Maty (more than once!!). It hurts hey! Day trading, no matter what indicators/systems I used I'd eventually get my fingers burnt. I now trade long term, am not so greedy, keep a big old balance and things are sweet as!

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

That's what I'm talking about!

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

Down she goes!!! Next stop who knows!

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

With the likelihood of a 0.75/1.0% rate cut on Thursday for UK, I'm inclined to agree. I'll wait for a move upto 148.50 before shorting and observing for the remainder of the week.

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

Head & shoulders on 5 minute chart - not that 5 minutes is so great mind!

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

I hope you're right! It does seem like there is room for more upwards movement. If it goes beyond 215.80-216.50 then lets hope it keeps on going. Going long on the beast scares me so I'll wait patiently and try a short when the time feels right. ...

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

Will this break Wednesday, 09:30 GMT — If there's no action today, could it be the BOE minutes that move this thing? How many times has 213.80 (ish) been tested. It's starting to scare me now! I'm hoping for dovish minutes tomorrow and a move ...

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

Upwards??? — My daily parabolic sar is suggesting upwards movement for the first time in a while. I'm wondering if this could be correct. If the GBP/JPY stays in a tight range tonight, perhaps UK news re UK consumer price growth in the morning ...

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

The cross in May only gave 120 pips or so and then it was back up for 1000+ pips to high 213's. It will hopefully drop a bit soon but I think for a more positive sign you need the cross to occur below the Kumori :-)

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

You're probably right but from my understanding of Ichimoku, the signal for a downtrend is more certain when the sens cross when they are below the Kumori (cloud) and the chinkou span line (the other line) is also below. Perhaps they are on a 4 ...

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

I thought that was a virgin pina colada on the 52m but I wasn't 100%. Thanks for clearing that one up!

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

Does that look like a possible head and shoulders or is it a poor effort?

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

[quote=malcolmb14;2030445] Just trying to catch a few extra pips...won't be holding on for too long. I don't think there is any major news coming out of the UK to be honest. I doubt Bradford & Bingley news would have much of an impact. I can't ...

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

[quote=msniper;2030423]plus they dont want u to open any trade cause my spread in GJ right now between 14 to 19 this is crazy what happend to normal spread like 6 ![/quote Yep that's what I was thinking. It's tough enough out there without them ...

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