This is what I posted on 9th and I still think it'll pan out - I think it'll drop to 141 -ish then go north. url

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

Piters, Why do you look at the UY - The correlation between the 2 seems fairly strong - are you looking for divergences???

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

Why are you guys short - I can't see anything that says short

Trade what you see NOT what you expect

Thanks Malcolm I think I'll stop trying to second guess the market and just trade my charts in future. As you say its mostly already priced in before it becomes 'news' anyway.

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

Hi Folks, This may not be the right place for this discussion - tell me if its not and I'll shut up. But I'd like to explore this debate a bit further . I'm playing devils advocate here and neither believe nor dis-believe some of the claims posted ...

EURUSD

Hi again Gamma, Not sure I believe the 98% of traders fail statistic. Where did that figure come from - how do you define a trader?? This was discussed on another thread recently and it seems that actually no-one really knows what the true figures ...

EURUSD

Another chart of the daily candlesticks I'm seeing. image

Trade what you see NOT what you expect

Thought I'd ad my thoughts and charts to this discussion - hope you don't mind. Couple of observations... The 1.5 level is key resistance but I think its been over-used/tested and will fail next time. Not sure why but my daily pins look different to ...

Trade what you see NOT what you expect

Yep this is confusing. If the rumour is that GM will go bust - then you would expect indexes to go down - but they are going up???? So maybe the rumour is that GM will survive. So if they don't indexes will dive. I wonder if the recent equity rallys ...

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

Malcolm, I understand what your saying - but my charts are telling me something different. url I'll be more careful when I short this - lol

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

Which isn't far away and you know what they say about buying the rumour selling the fact.

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

If GM go bankrupt the indexes may dive

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

Malcolm, you think GY will go up to 154 but at the same time say that 148 is res from way back to 2000. Don't you think this res will hold then??

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

I figured you would - just trying to point out(badly) that not everyone is a Christian.

Trade what you see NOT what you expect

Hi EO, I think he means God or Jesus or something. Being an agnostic I'm not sure though.

Trade what you see NOT what you expect

Yep everyones gone away for easter

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

Hi all, My take on Geppy - I think we are headed down to 141/2 ish before resuming north. I also like the recent pins. image

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

Aren't they doing that in Germany too??

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

Hi patience, Don't really trade the GBPUSD. I think cable is better suited to intraday trading - difficult if you have to work lol. Not sure about the bearish eng candle but the previous pin bar is interesting. I'm also bearish but I think it'll go ...

EURUSD

I was talking about zero leverage - real money. With leverage it looks even better.

EURUSD