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

Sorry. Did not mean to sound like a parrot - just been waiting for 165 all day and been at this since 5.30 this morning london time!

I'm going to bed with shorts on lol

Gnite

Hmm, the last time GJ hit the 165/66 level, it basically shot right back up to 181.

lol .. and maybe you will wake up naked ....a bull may have stole them ....

Yen is weakening across the board, we might see a bull game for a bit

I am shorting off 168 for 50 - 90 a time .... spreads are killing me ...lol

There was a nice rally in AUDJPY, it might break the 15m channel.

What is your reasoning about shorting at 168 M ? It has tested 168 a bit and I suspect may breakout.

M, I think we may have seen the bottom now if not close. All indis all oversold now
Now, it maybe a good RR to go long for 1000 pips with 200 pips SL ..

shorted rally with tight stop targeting 164.60 level initially

warning : don't follow me ,i'm aggressive speculator.

Seems like its just consolidating, i'm a very small short off 167.95, just looking for 30-50 pips. I told myself i would trade anymore today till at least London, but i couldn't help it.. haha.

Market order is set for short at 169.41 (61.8 fib of last down leg).

Looks to me like the majors are headed to equality with the USD...

oh +59 pips already..

Incidentally, i shorted the EUR/USD 1.3071, its expected to break through 1.3000 by morning(possibly), not as exciting as GJ but pips are pips

here we go again

For those of you who use them as your broker:

October 21, 2008, 4:56 pm
E*Trade may seek federal aid

E*Trade’s (ETFC) mid-decade foray into mortgage lending continues to haunt the online brokerage firm. The New York company posted a steep third-quarter loss after the market closed Tuesday and said it expects to lose money in the fourth quarter as well.
E*Trade lost $321 million, or 60 cents a share, from continuing operations for the quarter ended Sept. 30, compared with a year-ago loss of $59 million, or 14 cents a share. Analysts surveyed by Thomson Financial were looking for a 28-cent loss.
The company said daily trading volume rose 7% in the latest quarter as September’s market turmoil sent investors scurrying to their keyboards. E*Trade opened 41,000 net new accounts and brought in $800 million in customer assets during the period. But margin loans fell, as customers joined big companies in a deleveraging frenzy.
“We absorbed significant credit costs while generating the capital and liquidity to maintain substantial cushions of both,” CEO Donald Layton said.
The latest quarter was hit by a $518 million provision for loan losses, as E*Trade boosted its loan-loss expectations following a special credit review. E*Trade said it now expects to lose $1.8 billion over the next three years on its home equity portfolio, up from a previous forecast of $1.5 billion.
E*Trade said it believes its loan loss provisions have peaked and that charge-offs, reflecting actual losses on troubled loans, will begin to drop next year. In the meantime, the company said it is eligible for a government equity infusion “and will be following up with the appropriate governmental agencies.”

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EU has 38.2% FR @ 1.3054 (0.8225 - 1.6039)

On the 15 min chart, looks like a very serious bullish div. I think it's a good ratio to go long with target 173 area.

Who will bring GJ down ....Asian Session, London or NY session....?

Still hold 5 position short at 178.50.



p/s: H4 show movement down already start. However M15, M30 and H1 show oversold.

My little Japanese friends don't seem to think so. Seems like they're currently wanting to break the 166.71 support. Let's see how it plays out.

gerry .... small spread , low volume bars at 168 = no demand . short them .... I did ...

oh wow

quick 150 pips

+430 today