If it ever gets to 235.50, I'm gonna put a huge short up there and then take a vacation. I was hoping for 50 bp cut and GJ is playing out pretty much how I would like. It rallies for a few hundred pips initially then dive. October will be filled ...

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

It's not good to enter long when dow is near daily high. There might be a sell off in the last hour.

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

We need people to long this pair so we can get better short entries.

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

Well the news was as expected so there's no significant movement either way. I hope it won't be a 25 bp cut tomorrow as expected. That would be the worst case scenerio for forex traders who like volatility. We would like to see this pair jump up and ...

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

Ok news are out. I think this is just a retrace and not a reversal. There's never gonna be a reversal to the upside. Not in the coming weeks. Shorted at 231.50. Good luck people.

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

I'm out at 230.90. I'll rejoin after US news. Forgot about that . It's probably bad anyways. But better safe than sorry.

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

Dow has been rallying the past couple of days due to anticipation of a rate cut by the feds. I don't see any reason for it to rally again. Today might be a sell off/profit taking day. If that's the case, we might see another couple of hundreds pips ...

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

This pair has just fallen 300+ pips in just a couple of hours. 228.50 is only 300 more pips away. A fall of 600 pips in one day is nothing unusual for this pair. Though we may have to wait until London for this to happen. There will be no good news ...

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

We might see this week's low at 228.50. Hang on to your shorts people.

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

O never mind, 231.50 breached as I was typing. hehe...

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

wow...after reading Ash's link about Northern Rock, I thought this pair might plummet like a rock and sure enough it did. In this subprime era, longs on this pair need to be very careful. I think it will only be a matter of time before 231.50 is ...

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

These are the kind of news that might make GJ drop like a rock.

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

Dow ended up positive today so I won't be thinking bear. I will long small lot with tight sl just to kill the boredom. :

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

Is this the retracement for the move north? Are you guys following zoran or aus's analysis?

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

Dow is now closed at 13449.43. The last 45 minutes of the dow really killed the bull.

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

Dow is right at 13500 with 15 minutes to go. This is gonna some finish.

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

Looks like a very cautious break out. I hate to jump in now only to see the dow falls in the last half hour. I'm gonna wait until it closes. Hopefully I still get a cheap price.

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

If traders don't start profit taking in the last half hour...

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

50 minutes left. If it closes above 13500, I think we might finally have a chance to break 234.20. If it doesn't, then scalp the range.

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

234.20 is not gonna get broken easily. This pair spent the whole day yesterday trying to break it. This pair is in a major range bound.

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