ok is it just me or am i smelling a touch of manipulation here. Every small slow dip is followed by a sharp 2 sec 20 pip spike.

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

I'm gonna go ahead and try a short here 140. Bad GBP + the chart looking like a top.

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

who said anything about 1k pips? All i'm looking for today is around 250-300 down. So far the upmove has been very very slow. Hell if I know what london boys will do but at the moment i'm not getting the bull vibe.

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

it sure is having alot of trouble trying to break this 137 handle

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

smacks of "working for the dole" campaign

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

so boring. price seems stuck here

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

that move up was unlike anything i've ever seen before. If I was to hazard a guess at what it was i'd say it was a pump done in piecemeal by the bigwigs in this low volume. Pump up the price 20 pips at a time, wait 30 seconds to gauge buying ...

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

yep 135.12 was the asian session low. Once broken, down we go

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

I don't like using MACD for the pure fact that it lags like a b!tch especially on the small TF. IMO anything smaller than H4 charts and it gets hard to accept.

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

Oops... enabled

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

You know that kinda contradictory advise would confuse the hell outta quite a few people round here . But yeah, I'm in agreement with you here, big selloff is around the corner.

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

hey bpatto, where do you get that data?

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

Can someone check this for me? I'm not believing what i'm seeing here US Fed Funds Rate 0.0625% 2yr Treasury Bonds 0.8129%

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

Thanks Dr Geppy for that kebab offer. I'm short since 136.5 It's a win win situation. If it goes down i get my pips, If it goes up i get a kebab

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

LOL look at the dow I guess they didn't like Bernanke's "I like more intervention/manipulation" speech

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

I hate trading these news, never know the mind games these insto guys play although the 137.7 target malcolm suggested seemed fair scalped 45 pips long off that news spike, didn't dare reverse to shorts when it fell - too noobie still

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

carries, dow, crosses. You name it, they screw with it

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

The disturbing thing is for virtually every month now, every major employment report, IR news, immediately on release we get an initial spike down on the worse than expected data then a rebound of 2-3 times the initial spike down.

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

I'm actually thinking this is a pre-emptive tanking period and its gonna rally hard after the GBP rate news as traders cover their shorts after proving they bet the right direction.

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

banked around 45 myself here. Just got back from watching TV and thought that looked like a good quick short signal. In and out 5 mins. Pays for the little something i bought on ebay today

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