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

should be this one

mann .. it just blasted thru that Fib support. Fortunately, not going long yet. Markam .. sit tight http://www.forexfactory.com/images/icons/icon10.gif

just entered another long.

It might a little more power to the downside, but I feel comfortable it will retrace before a drop below the 228 area.

I'll go long at 228, if it ever gets there.

got stopped out at 229.00 bagged 3 lots for 133 pips, i'm very happy trader. no more trades for me as not about tomorrow, UK trader.

best of trades
MPP

fweeeeeeh!!
closed my short with 120pips+

that was nice, i won't go long though... i'll wait for it to close the gap, if it will that is....

06:48 Worst Crisis In 20 Years To Come To A Head This Week - Times Sydney, September 09: The Sunday Times notes that leading bankers from around the world are warning that the worst crisis in the money markets in 20 years will come to a head this week when 113 BLN USD of commercial paper comes up for refinancing. This huge refinancing, mainly through London, exceeds the 100 BLN that became due in mid-August, and which sparked the most serious phase in the money- market crisis, which has seen banks scrambling for funds and market interest rates rising sharply. "This is a serious pressure point," said one leading banker. The article states that even if they succeed in rolling over some of this paper this week, they will eventually be forced to take some of it, much of which is of questionable value, onto their balance sheets. To meet this potential liability, banks are hoarding cash and have stopped lending to each other.
The article goes on to say: "The prospect of serious market indigestion from maturing commercial paper is not the only headache for the banks. Globally, they have 380 BLN USD of loans and bonds to be laid off from leveraged buyouts and other private-equity deals at a time when the markets have shifted sharply against them." The crisis in the credit markets is fluid and BOE expectations have changed radically since the crisis intensified just under a month ago. At that time nearly everyone expected the BOE to hike rates by the end of the year at least. The Times notes an IDEA survey that shows more than 60% looking for the next move to be an easing some time next year. [email protected]

Short from todays opening or were you open over the weekend?

Good to see Smiles all around for the start of the week. Keep the pips !

[quote=MPP;1583733]should be in here, hope this helps

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Hi MPP,

Thank you,you did a great job,it will benefit all!

i had a small order over the weekend

Smiles here too!

I decided discretion is the better part of valor and closed one of my longs for 10 pips profit. I fully expect GJ to be down close to a 1000 pips this week, so longs are kind of scary.

Am I the only one holding longs for this retracement?



Frank

This is an AJ chart, but just for my understanding is this classed as a gap like the GJ, only it was covered before


just to add waiting for the 5sma retrace to short this pair also.

Yes, but a SHORT is a 1000 PIPS!

If you expect 1000 PIPS down this week . . . why not close your long and go SHORT now? . . . after all, a 1HR, even 4 HR retrace would mean nothing relative to SHORTING for a 1000 PIPS!

Kind Regards,

And the gamble paid off!!
Nice job!!
I didn't have the kahunas to stay open over the weekend. A week or so ago everyone was contemplating staying open and the subject of s/l's came up and from my understanding it is not unusual for s/l's not to be honored if they go against you over a weekend.
I have very limited experience with this so it gave me a bit of a fright.

30Min MOM turning up, your turn now. happy pips.

Thanks MPP!


Frank