You very welcomed. . . Haven't looked @ US/CAD as I mainly trade this beast which keeps me plenty busy - LOL!

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

Closed out long @ 224.76 Entered short @ 224.60 Hope all are grabbing the pips. . .

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

PC, Yep, been long since 222.63. Nice recovery from yesterday fiasco. My targets are similar 224.85 and 225.30 if we make there. Will be looking for nice short opportunity if one permits. Good luck in your trades today. . . p.s. After 11:00 a.m. I ...

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

11 A.M. Fix coming up maybe interesting for UJ and GJ. Stay tuned!

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

GJ should hit somewhere bewteen 224.35 and 225, which I think would be a good place to short for the ride back down to possibly 221.50's

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

Yes, I use actionforex and find thier pivots points are usually dead on. It has been a very good tool for me in addition to my technical technical charts.

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

Or the fact that's its the end of the month and fund houses have to show some sort of profit so the books look good. . .

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

I'm basing my targets on 4hr pivots. We just completed a down move on 4hr pivot of 222.64 which was R2 support. GJ bounced hard off that and headed north by 100 pips. It is currently trading above 4hr pivot of 223.36 and daily pivot of 223.05 (for ...

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

Hope everyone recovered from the rollercoaster ride yesterday. Talk about volatility - Whew........ I had a chance to get out of my short with a minor loss (-40 pips) but re-entered short @ 225.50 on the run up. Closed short this a.m. @ 222.56 so ...

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

The demand for the pair was @ 222.42 now the pair is headed back up. . . 1st target 224.85 then 225.30 which will be a good place to short. . .

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

Glad I closed my shorts. . . Somebody called this one on the money up to 225. . . Talk about recovery. . .

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

Well stated!

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

I trade based on the fundamentals and chart analysis when its all said and done. I never trade on news because sometimes what you expect to happen doesn't alway pan out. . . Therefore, I trade what I see because typically once we get the news it's ...

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

It's when many traders are heavily positioned on the short side and a market catalyst causes them to cover (buy) in a hurry causing the price to increase rapidly. . . In this case based on Fukui's statement many trader took that as if BOJ ...

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

Yep. . . Short @ 222.90 waiting for the next down move.

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

Yeah, market very jittery right now. But I still see no fundamental reason why GJ should be going up at this point. Now back to business - 221.30 here we come. . .

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

Yeah, it looks like the typical short squeeze to me. I'm watching to see how long it last. It's amazing Nikkei down -262.32 but carry trade up. . . Aus patience pills required here. . . ROTFLAMO!

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

Ditto, can't wait. . .

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

The only reason I say this is the Dow has now reached beyond correction mode from its October high. It is 10.03% slightly lower that the 10% threshold for correction. So it appears its more in reversal mode at the momment. .. But we shall all see ...

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

My 1st target is 221.60's then I'm going to watch price to see if it bounces off of that to close out my short. If it doesn't my next target is 220.70's. From there it could bounce off 219.50's and head north. . . I'll start establishing longs once ...

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