Look at what happened to the Dollar once the Fed started cutting rates aggressively; it strengthened.

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

I wouldn't bet the farm on that if I were you. Everyone's been expecting another 50 basis cut min since the last BoE meeting, so it's largely factored in. It could even be regarded as further good long term news for the UK economy. Rate cuts do not ...

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

Flat @ 138.22. Might go more, but is taking too long for me. Edit: Doh!!

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

That was quick. Staying in, next major resistance @ 139.00......

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

Went flat. Made a few pips but nothing spectacular. Looks up again now. Long @ 137.43. Smallish position, expect push to at least 138 this session.

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

Interesting hour ahead. We could crash 100 pips from here or fail to break old resistance/new support.

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

I'm short again @ 137.84. Again, I will cut it as soon as it looks dodgy.

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

I think the leverage is automatically set to 100-1. The minimun account balance to allow you to get the software for free is $5000. Tradestation does have some severe limitations though, not least the inability to create charts with less than 1m ...

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

I had some sell signals on 15m, 5m and 1m charts. (Just some buy/sell pressure indicator I found on the Tradestation forums). Am flat now.

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

Taken a tiny short @ 137.81. Will cut it if high of previous bar gets broken. Chickened out at +15.

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

Out +135 pips. Now waiting.....

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

A break above 137.50ish and next stop 139.00 IMHO. Smart money does not look short right now.

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

Best to wait and see then. Looks like consolidation of up move to me, but I've been wrong before.... I'm long from 136.19.

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

Without wishing to highjack this thread, I have some questions about esignal if anyone could answer: The monthly cost of trading Forex only works out at $175/month. The Live Charts offering from es costs much less than that. Anyone use it? Does it ...

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

Closed my longs @ 137.02 and took a short scalp from 137.00. Will not hang around in this trade if it doesn't shift soon. Edit: Went flat for a few pips loss on the spread. Taking too long to fall. Long again, small.

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

If it gets there, 136.85 represents a great short opp'.

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

Ping-pong signals this afternoon. Not afraid to be wrong. Original long @ 135.30 was valid. Will see for break of 135.75 now and close when volume dries up. Then I'll just be left with my short hedged position.....

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

Wrong. Hedging this down.

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

Looks like next leg up in progress to me. Long @ 135.30. Not 100% sure, but will build position if correct.

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

Out at 135.16 for +130 pips. Waiting for next leg up......

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