Really? That's tres risky. Not enough selling pressure for me. Closed my short for +10, lucky. It's madness I know, but LONG is the ONLY trade on the table right now.

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

15m pin bar. Need to wait and see what the next 15m has in store, but a reversal is as likely now as it's been all day. Risky to bet the farm on a short now though. If we fail to go lower, next step 135. EDIT: Short 133.42.

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

Bit transparent isn't it..? EDIT: Piters, nicely said.

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

Long from 131.25. First target previous high 131.65. If it doesn't break that, we're down hard I think, but for now I'm still bullish. EDIT: Closed +25. Not enough follow through for my liking...

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

I'm only teasing. Hope your trade works out. 4hr hitting 200ema and key resistance at 132.10, so we could get a bounce from here.

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

Closed all longs. Now waiting to see if 131 will break...

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

Looks all priced-in. BoE cuts rate, Sterling strengthens. Hands up who was betting their shirt on a big fall.?

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

Correct. No one should care what the prevailing opinion is. It's all curve fitted anyway. Analysts on Bloomies saying nonsense about increased risk appetite, shedding of carry exposures etc. etc. All b0llocks. Nearly always after the event. All ...

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

127.30 first target, then 127 ish should hold for a while....

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

I'm no expert on flags, but I was under the impression that the flag forming on the 15m would be a bearish.? Anyone..?

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

Short @ 128.07. PA looks short now.

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

That's your own take on it and is the kind of thing analysts on Bloomies would say; it;s a curve fit argument. A million others will disagree. Do you not think every big bank out there isn't expecting zero interest rates in the UK? In fact, if the ...

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

Do not be so sure of that will you. Have a quick look at what the Dollar did when the Fed were aggressively cutting rates.

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

Daily, 4hr, 1hr, 30m and 15m all still bulish. I am inclined to buy the dips. We may not have seen the bottom, (though I can't see why some traders are so convinced of this), but the Daily looks ready to take off. I will only take shorts when the ...

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

Things are a changing I think..... 4hr Gann HiLo testing to the upside. Let's see where this bar closes. QQE looks to be turning away from the 50 line. Above 50ema. 1hr Gann HiLo broken out to the upside..... QQE now long. Above 50ema. 1hr pin bar ...

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

Just looked like buyers stepped in at 128.00. Anyone else see that quick bounce?

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

BS or not, I'm out -12. Oops. EDIT: Was a valid enough setup, range-bound PA all day, 1m stoc crossing from o/b, QQE crossed, etc. Didn't work this time, nevermind.

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

Short at 128.37. Am hoping this isn't the break everyone's looking for.

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

It's not so unusual for a pair to be range-bound, but because GY has been soooooo trendy for an eternity now, we've come to expect big moves. Just look at todays chart on a 15m TF, perfect setup to scalp between the upper and lower trend lines..... ...

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

Nice. Am holding a short. Think we've further to go....

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