In case anyone is looking for the Holy Grail, here it is. Employ a few newbies as traders. Give them a platform with the BUY and SELL buttons reversed. When they enter a STOP, use that as the TARGET. That is the Holy Grail in trading, but lets keep ...

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

Guppy is the new Geppy! Get with it man!

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

My Alpari connection is working fine.

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

The line that we are on at the moment is a bit shakey. I'd like to see it break (upwards) but it still may be good for short scalps. Time will tell.

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

Now all you short scalpers take care. I'm waiting for the upper trendline to break and this would be a convenient time.

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

PAGE 1500. Lets have a mini-celebration!

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

Just look at my last chart. There are three lines in it and price just keeps bouncing off them. In this type of market there's not much to it. I can't understand why everyone keeps saying the market is wierd. It looks plain and simple to me. Until ...

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

I hope you are beginning to realise that reading the news is pointless. That's just there to keep journalists employed. It's all in the charts my friend. All in the charts.

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

I posted a similar chart earlier today. The lines are good for scalping and I don't think we will get a break until NFP tomorrow (if that). I can't see any direction until a break occurs. So scalp away until such time I think.

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

Yep, that was at 13:30... which is 8:30 ET. In other words, market news was released. DOW is currently at 13350

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

Overnight DOW chart for anyone interested. Remember it's London time so DOW closes at 21:00.

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

Good plan, but just reverse if it breaks.

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

This looks like our range for the moment. I suppose there's some scalping potential in there until something breaks.

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

Looks like a wombat to me.

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

If they increase it then that would come as a surprise and all GBP pairs should shoot up. An unlikely cut would do the opposite. Now as for the expected "unchanged", then I'm not sure. Could go either way though I would like to see an up movement.

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

I'd wait until after the interest rate statement, but that's just me 8 mins and counting

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

OK, so what course is it? Anything interesting?

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

So what are you (or supposed to be) studying at uni Karmo?

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

The upward movement is starting to gain some momentum. Perhaps the news can push it up through the current resistance levels. If 235.5 breaks, the ride into the 238 region should be relatively smooth.

This weeks GBP/JPY Analysis & Predictions

So 238 could be in sight yet again. One resistance level down and two more to go. Maybe the market news today will inject enough liquidity to move this mother.

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