The concern at this point is are we in a breakout above last week or some kind of a trap before returning to the open price of 154. Short term hourly looks a bit overbought but the rise comes after a price consolidation since last week rather than ...

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

The yen/euro cross is one of the best measures of how the market is pricing risk, along with yen itself. The yen/euro cross represents the dominant carry trade that financed the speculative bubble or boom that has now gone bust. As long as risk was ...

If you love the EUR/JPY and you know it... clap your hands!

June 26 (Bloomberg) -- America’s biggest oil companies will probably cope with U.S. carbon legislation by closing fuel plants, cutting capital spending and increasing imports. Under the Waxman-Markey climate bill that may be voted on today by the ...

Sweet, sweet Oil

Good for you! But aren't you tempted to put a few lots on shorting the $USD and forget about for a year or two.

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

Why are you getting out of the market?

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

On the 4H the 50% fib is at around 158.30 and all signs appear to be breaking through. If that is the case, then 159.50 - 160 becomes a high probability. From there it will depend on whether or not H&S plays out back down to 155.50s.

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

If you read the charts and are patient the daily is a pretty good example of where we have been heading.

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

Yeah pretty slow and shorts seem too obvious. They have to have some kind of a trap coming.

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

Looks like a possible H & S forming if it gets back up to 1.4240 - good place to short.

Jacko's Forex House of Pleasure and Pain

That chart is about as good as it gets to justify using fibs.

Jacko's Forex House of Pleasure and Pain

AJ is correlated but will not move as many pips as GJ. Great pair to trade - not as much volatility. Recommend AU also especially buying dips.

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

The tough PA trying to break out may mean it will really take off once a direction is confirmed.

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

Futures do not mean anything right now. I will be long around 152.52 now. Will be good for mininum 40 pips.

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

Gotta head back down to that lower TL on the daily sooner or later.

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

That pretty much summarizes my trading along with some MA's still on the charts from long ago.

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

I would have to agree with the exception of fibs. They account for a good bit of my profits.

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

Don't worry, be happy.

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

142.60 was about where we started on Sunday. Down 350 and then up 350.

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

careful, may be swinging around to fill the gap.

AUD/USD

Had 1 trade that stalled a bit but otherwise OK.

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