Agreed — Yep, agree. The problem here is one of ego. People do not like to be wrong and those who are right feel the need to rub others noses in it. Strange really, but not surprising when you consider it's just human behaviour. I suspect no ...

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

Services PMI — UK Services PMI better than expected. We test yesterday's high now I think.

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

Set-Test-Break — Might be the Standard Chartered 'good' news, but as long as we stay above the break level, more upside is likely. Might get a wee pullback first....

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

More up — No surprise that a quiet Asian session does not push GY higher. London today and NY are a different story.... We test 150 today I think.

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

Of interest to me.... — Can I ask a couple of questions please? You've been short for a good few weeks now right? If you shorted at say 150 last time around, you would have made 1100 pips on the last downmove. Did you take profit anywhere or ...

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

lol — Or maybe a classic set-test-break.

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

Hmmmm — As the confirmed pilot of the good plane sychobear, I was wondering if this 1000 pip up rally has made you a little air sick?

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

Lol — I was waiting for you to post this. Fair play really; I know Malcolm would do the same.

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

Not sure — I would say the first stop is 145.50, but UY isn't playing with the bears yet, so any further downside beyond 147 may be limited.

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

lol. — Yep, welcome to my World. lol Seems like those who predicted bearishness today were right after all.

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

Weekend Data.... Hmmmm. — I know weekend data is not entirely accurate, but one of the feeds I check is: url Would suggest we retrace a few hundred pips before we go any higher. This might also bring GY out of overbought territory ready for ...

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

Thanks — Yea, thanks. I always thought NFP was the first Friday of every month.

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

Silly question.... — Any reason why there's no NFP today..?

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

Yea, why not. — I like your spirit. Don't let anyone sway you from what you believe. A short here isn't so unbelievable, but may need to be a scalp with a trailing S/L. 5m bearish divergence and overbought....

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

Short no worky — Well, my short didn't work out. Expected a bigger bounce off resistance than that, so cut at -7. UY has shown no weakness and it looks like the big money wants to pump GY towards 150. That 4hr bearish diverg makes me concerned ...

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

4hr TF — Some pretty big bearish divergence setting up on the 4Hr timeframe. Let's see if it plays out today. I'm short from 146.87...... Tight S/L above beakout level.

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

Already open.... — London FX market already open. Currency traders get to their desks an hour before FTSE open.

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

Not necessarily.... — You shouldn't say this as you simply do not know. Markets have not operated in sync with the real world for months now, so any Chrysler bankruptcy cannot be assumed as bad for GBP.

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

hey — Nice move. ES is building some bearish divergence on the Daily though which might slow the Yen crosses down. ES is well overbought on pretty much all TFs too, so we could see a wee shake-out soon bringing GY down with it. I think we ...

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

Cowboy — Taken a cowboy short scalp here 145.81. Yeehaw. Edit: Closed +23. Not got the bottle to hold a short here. lol

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