I don't understand it either. However, I use this simple rule and it works most of the time. Stock market up = weak dollar Stock market down = strong dollar. Hope this helps. B

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

Peaches, you beat me to it ;-) I was going to suggest that you follow the trend. I took a shot at the EJ long the other night but was stopped out. However, I didnt when you added more longs yesterday. You're trying to stop a run away train. Instead ...

Extraordinary trading style by 5ysfx

Here's my take. If she passes, we will see a rebound to last a few days to a couple of weeks. After which they see it is not working, she will continue her fall. However.... Have you guys seen the pork in the bill that the Senate passed? OK..Obama ...

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

If you're looking for something to trade. B

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

OMG....was I right for once? It appears this was priced in already. Thoughts? B

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

I see 60! Now let's see some action. The market fell asleep while them guys were talking. B

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

Guys, You can watch them debate the bill here: url B

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

I'm holding my shorts for now. I am prepared for a large DD however if I have to take one. In terms of the bailout, it's a no brainer that the Senate will approve the bill tonight. That's why I'm leaning towards it already priced in. Now when it ...

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

Tonight's vote is the Senate which is voting on the same bill with some added perks that are meant to sway the Republicans in the House to vote Yes. B

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

This is my opinion. And you know what they say about opinions... Anyway, I truly feel that the Senate vote is already factored in to the current prices. It's an absolute no-brainer that it will pass. It's not a secret that most of the senators have ...

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

Geez.... The Senate isnt going to vote until the market close. 7:30 pm ET. Aus/Asia session should be fun!

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

UJ will drive us... — Decending triangles are made to be broken. However, in this climate, anything is possible. Let's see what happens. I suspect swap is going to keep this thing in the higher ranges until market close...??? B

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

I'm selling this rally but am getting nervous.... B

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

What the heck... I'm in for a small lot at 149.1 SL at 148.5 Will add if she starts to rise. B

Extraordinary trading style by 5ysfx

Well, if it was a bear trap, that's another good reason to close my shorts. I'm staying out for now. Although I like my UJ short. B

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

I closed my shorts because of buzz... The Senate is reportingly going to vote on a slightly modified bail out bill tomorrow before the House. This *should* pass as the Senate supports the bill. Also, House members are receiving allot of calls from ...

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

Aus, Nice to hear from you! I miss the trading room days! You had to post something that goes against what I see . Now you have me thinking twice. Thanks as many heads are better than one. Especially when that one is mine

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

Looking at UJ on the 30M chart, we *should* not go over 107. I'm hoping for a nice bounce off of this resistance point. A nice bounce will pull Geppy with it. S/L are in place just in case though.... B

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

LOL...closed out at 5 pips. I'm going to stick with 30M and swing trading. That hurt my head B

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

OK...you guys have me sold. I'm going to scalp with only 1 mini lot and see how I do. B

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