You are correct in that no one likes the extra spread in any currency pair, however since you are a novice trader (i consider myself a complete noob as well ) unless you are able to commit to a sizable capital investment and play with those ECN ...

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

usually actual > forecast = good for currency What that equation fails to note is that the effect of news is not only predetermined on just the news at the moment of release but also the movements of the currency prior to the news as traders place ...

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

as i've said before however, while the aus banks will definitely take a hit, and it could be a big one, i really don't see them going bust nor nationalised like in the US. Certainly the four pillar rule will play a giant role in this stability.

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

there was that Alan Kohler report today on the ABC that said he wouldn't be surprised that the AUS cut to their 2001 lows of 4.25% within the next 2 years.

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

news-wise that may be so, however you still have to take into account that the USD is in the dog house and will be staying in there up until they finish with all the deleveraging. The AU drop will be short lived IMHO even if they continue to cut ...

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

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

I'm seeing a mature pitchfork formation on the 15 min. If this breaks down............... down the crapper we go. EDIT: Whoa WTF was that????

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

here's my call final target around 161-162

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

and we were happy with the spike on our geppy ROFL. look at EURAUD and GBPAUD. both 1000+ pips on that last spike.

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

Holy Shit 182 - 181 in 15 seconds did another bank just die???

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

personally i'm targeting 180 first as i'm thinking we'll get a psychological bounce before another leg down. Hoping to reload on the rally.

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

yep yep and yep. short since 186.8

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

bloodbath spreading

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

where is it lilmoe? where your toilet ride?

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

I'm pretty sure that he'll need Congress approval to get another 700 billion. Else whats to stop him from cashing in on that debt sponsored piggy bank every 2nd day for some more change. Talk about a hand or 1000 in the cookie jar.

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

My opinion. sell every rally that comes along. $700 billion? To the financial crisis at hand, that's pocket change and Paulson's gonna feel that mommy didn't give him enough money very soon. For all the realists in the world we're looking at a ...

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

tell me about this reaction. Buy the rumour, then sell the shit out of the fact.

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

vote passed, i'm hearing markam screaming in the distance................

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

yeah but back then the market was relatively calm by comparison. Back then the conditions weren't good but at least they either matched estimates or were just below them. in addition there were no major bank busts. Now we've just seen the complete ...

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

I'm smelling pre-emptive BullShit in the market. This bill had better pass or alot of the longs will end up with egg on their faces and whatever DJ gains made today will be given triple back on Monday. 400 pips spike up in 2 hours on extremely ...

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