What, you mean it'll fall..............like November Rain? video

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

Well done getting out of the trade when it turned against you - I was 80+ a minute ago, just hit my stop at +10 which is irritating. About the news, positive figures (better than expectations) does not necessarily imply bearishness in the Yen ...

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

Didn't mean to irk anybody with that statement, perhaps I should have phrased it a little better. IMO it was a little bold to go in without confirmation from actual price movement, sure you might not haul as many pips if you were right but you don't ...

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

Risky game you're playing there gentlemen, trying to pick tops, especially on a Wednesday. I wouldn't make a habit of it.

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

I'm not sure it's quite that simple. The news may be 'bad' and way under expectations, but this makes it much more likely that the Fed will intervene to stimulate the economy by cutting rates, so the market needs to price that in. I suspect that ...

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

Fair enough GBPJPY has been in a long term up-trend but the situation has changed. 250+ in this economic climate is strange logic. This move up we're witnessing is just greedy people trying to get in at a bottom. Economists and respected financial ...

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

Yeah - still getting used to being in the 220's! BTW, the Gann was crossed so I am bearish, at least temporarily. But then this bullish pattern emerges on my chart, throwing a spanner in the works.

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

Just breached the daily pivot at 224.37. 1H gann is about 10 pips below, with 15 mins left on the candle - break that and I think we're looking at a move to the daily 5sma which I make at about 233.80.

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

No, but I do know a guy who can get hold of them. AJ what are you playing at? Go and sell your spam sandwiches somewhere else.

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

Dow's up 1.85% to 12975 area. I don't think it'll get through the 13k psychological barrier and we may retrace like yesterday, hopefully taking GBPJPY with it. If DJIA does break this level then we may see new highs.

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

Anyone who trades any of the Yen crosses should be familiar with what the 'carry trade' actually is. There seems to be a common assumption that the carry trade involves borrowing at the cheap Japanese (or Swiss) interest rate(s) and exclusively ...

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

Interesting, but I can't find any specific info on it. Of course the major financial institutions who really move the markets have got much better lines of communication and information than we lowly traders have. It's probably a combination of ...

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

Hold up, where did you get that unspecific info from?

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

They're the same (10) just mine was before price had broken through and flipped to the other side.

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

We just ghosted past the daily pivot at 223.05 and we're right at the Gann on 1H. It sometimes offers support/resistance, and if broken can signal that longs might be in play. This bar closes in 5 minutes. Perhaps I should clarify that this does not ...

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

Wow, you can use a calculator! Why this warranted opening a thread with a misleading title I don't know. Sounds like a spam set-up inviting inquiries about these 'managed accounts' to me. Leave well alone.

How to turn 50k to 300k.

Price closed at 223.45 area on all my brokers. Not sure about the reliability of that quote. It's all academic until Sunday anyway. PS. that's fascinating gio9, save the rest for your biography.

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

I'm with you mate. There's a load of reasons to be bullish looking at the charts right now but I probably won't leave a position open over the weekend. A birdt in the hand is worth two in the bush!

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

Here it is mate, look into Harmonic trading if you want to find out how these patterns are created and their significance. Take a look at the price action off the 5sma high on this 15m chart. I bet a few impatient traders saw the price come out of ...

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

Indeed. If Dow has a good day, which some are predicting, we may see a reversal. Don't catch a falling knife though, it is my belief that the market is far too optimistic about global economic health in the coming years. We could go down much ...

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