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

wow 100 pip spike in less then a min.

what's the verbage. i am at work anyone know? must be bad. dropping like a rock

The Federal Open Market Committee decided today to lower its target for the federal funds rate 50 basis points to 4-3/4 percent.
Economic growth was moderate during the first half of the year, but the tightening of credit conditions has the potential to intensify the housing correction and to restrain economic growth more generally. Today’s action is intended to help forestall some of the adverse effects on the broader economy that might otherwise arise from the disruptions in financial markets and to promote moderate growth over time.
Readings on core inflation have improved modestly this year. However, the Committee judges that some inflation risks remain, and it will continue to monitor inflation developments carefully.
Developments in financial markets since the Committee’s last regular meeting have increased the uncertainty surrounding the economic outlook. The Committee will continue to assess the effects of these and other developments on economic prospects and will act as needed to foster price stability and sustainable economic growth.
Voting for the FOMC monetary policy action were: Ben S. Bernanke, Chairman; Timothy F. Geithner, Vice Chairman; Charles L. Evans; Thomas M. Hoenig; Donald L. Kohn; Randall S. Kroszner; Frederic S. Mishkin; William Poole; Eric Rosengren; and Kevin M. Warsh.
In a related action, the Board of Governors unanimously approved a 50-basis-point decrease in the discount rate to 5-1/4 percent. In taking this action, the Board approved the requests submitted by the Boards of Directors of the Federal Reserve Banks of Boston, New York, Cleveland, St. Louis, Minneapolis, Kansas City, and San Francisco.

markam, you were right , my SL got hit, but i got back in short at 233.01, Took 50% profit at 232 , leaving rest open

Fxdd is freezing platform every second now. Cant do anything.

Hi Gandolf
Yes, it's a swing trend indicator based on 3 SMA's 30, 50, 100, red = long green = short. no colour = no trade.

WTB is the man for that one, i like it though, i can open any pair and see if they are trending without the need for analysing it.

Not much good for scalps and volatile times though.

I still have a lot to learn from WTB, but currntly concentrating on Aus's system.

now wheres everyones tgt? )

MBT is working fine, it had spread of 10-15 pips during news, but execution was spot on, i had a short order ready at 233.02 and it took it

I'm thinking the market will close strong in the last hour? any thoughts markam?

waiting for the dust to settle

so this is bad for gbp/jpy? aka it will go down?

UJ hit 4hr 200sma and a big bounce back

i thought a cut in the rates is good for gbp/jpy?

and then?
possible views?

it is i think we are seeing a headfake.

Stock market popped up 100 points and is holding. GJ will go up.

I'll see how the hourly candle closes and then decide

markham:


Don't know how the hugh upward movement in this pair figured
into your short stance

does anyone have an explanation why this went down?

ok, thanks, thats what I thought too.