This is what I am trading ! My new 4HR momentum is flat to slightly down. More ranging until London ?

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

Maybe you should try sharing your analysis with charts/fundies/whatever. Making outrageous statements with nothing to back it up deserves to be ignored. Look at Malcolmb14 posts, he shares both sides of the picture. Complaining about it afterward ...

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

BOE is in a bind. Look at the financial data from last week. Don't be surprised if they actually lower rates soon. There is a storm a brewing and it WILL not be good for carry trades. Being flexible and trading your chart is the only way to be ...

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

Kitchen is open — Cooking up some nice PB's......should turn out just as planned. See you all at London.

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

Retracement — Looks to me like a typical 4HR 5SMA retracement. But I could be wrong......

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

HAPPY BIRTHDAY....ENJOY !

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

Equities — Dow was down 400 pts on Friday with no bounce in the futures. S/P closed below its last "safe" support level. Last time this happened G/Y lost 1600 pips in 5 days. Monday will be rough in the equity markets starting with Japan on ...

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

You don't think Asia will sell off on Sunday ? Looks like fear back in the market or is it all oil ?

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

DOW — DJIA is sitting on Monthly 200 SMA If it breaks........watch for it to drop like an anchor. 12,260 Heh.....guess I can't type fast enough.....broken. Liquidation on Sunday, starting with Asia.

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

UNREAL — In over two years of trading I have never seen the DOW down over 300 points and the G/Y down ONLY 80 pips. Market manipulation at its finest. We should be at 205.00 hours ago.

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

Explanation — IMVHO the pound is no stronger than the dollar right now. Look at the economic data this week for the UK. Realizing that this is a dollar selloff and not risk aversion...YET. But it still makes no sense to me.

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

I can see that, it is still a joke.

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

JOKE — DJIA down 270 pts. G/Y going up...... and the GBP is such a strong currency. What a f.....g joke.

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

DJIA Rally — Dow rally based on 2 of many retail companies earnings reports being positive. Guess which 2, Walmart and Costco. Everyone else in the toilet. Go figure. I see 209.50-211.00 by europe. Easy.

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

NO FEAR — Market priced in downgrade. Back up we go. Usual story. Everything is all good.

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

AMBAC and MBIA downgraded. DJIA futures dropping. Little fear here, be careful if you are long. Fair warning.....

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

S & P just downgraded bond insurers to AA Ummm.....uh-oh. But could be old news to the market. Lets see what happens at end of day.

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

Brian, You are a class act and a cool cat !

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

DOW — Dow futures show no sign of letting up. Up, up and away...................... Index is peaking ABOVE broken t/l to the downside.

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

Wall street doesn't care about economy, as long as the investment banks are OK in their eyes all is good in the world. Appetite for risk is back in vogue = G/Y UP.

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