I wasn't expecting so many people here to be in their 40's 50's and 60's. Seems to be more common than not. Anyway, breaking this level here at 231 could see our next level at 229.00. I am beginning to abandon this idea that 238 will be visited ...

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

Yeah, I suppose she is addicted to books so it all follows through. Well, at least I provide shelter and food

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

I'm sure my 6 year old can read far better than I could until I was probably in secondary school. He is reading proper books at the moment. His vocabulary is the same. Why?

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

Well, I just stay out of markets like this.

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

Retail sales up..... GBP positive.

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

Just wondering, is Australia having any subprime or Northern Rock (lending) type of problems? Or is everything going well?

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

Price is still holding. Journey to 13700 still in sight. (In case anyone is listening)

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

This has potential to go to 13,700.

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

If this point here does not reverse the DOW (13850) then we are going straight to the top.

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

Good to see some money management calls as well as entries and exits.

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

Well done. I lost 50 pips on the DOW yesterday so I want them back.

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

I think the DOW is due for a retrace. Possibly back to the 13,700 region.

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

You broke your number 1 rule! "Patience" Good call anyway.

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

I already closed that. It was a scalp. Closed one for +50 and another for +75 (125 pips in 10 minutes). Remember (read my previous posts)?

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

The greatest probability is the first time it hits. They hardly fail whereas it is not certain to work after that so be careful. Price can cut in and out now until a direction is decided.

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

DOW is currently 13,775 and holding (so above the market close). There is some US housing and inflation data out today so that may change things.

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

I expect the 231.5 support to hold at least until the US session so I can't see anything too exciting to trade. If it breaks, this mama is going to fall hard otherwise we will continue up to retest the 235 region. I'm favouring up but I'll let the ...

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

Here are my DOW thoughts. Either a reversal at the 88.6 line or the 100% line. The 78.6 line failed so I have revised my chart.

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

Second entry off for 75 (total of 125 pips). Nice 10 mins work I think.

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

This support has been hit (231.5). Produced 50 pips in 1 minute so I can't complain. Holding onto 1 entry with stop at b.e + 1.

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