Welcome pins. You'll enjoy this thread. Loads of great contributors.

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

Short from 128.42. S/L at B/E +3/ EDIT: Out +38. Probably too soon, but it's been a slow morning.

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

Very useful. Thanks for posting.

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

As well as doing what Piters suggested, there's a word doc explaining the trading plan in the attachments section. (paper clip icon on top right of thread page. Exclude bmp and jpg attachments and you will see lots of good docs).

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

Interesting day ahead. 4hr Gann, QQE cross and 50ema imminent..... 15m, 30m and 1hr rejecting 50ema cross for now, so looks more bearishness. Now, just waiting for good set up.

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

Yen futures is falling steadily and DX has risen sharply, so it could be a slow night for GY.

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

So does everyone hold this view? His old trading partner that founded the Quantum Fund with him, Jim Rogers, doesn’t seem to agree. He is very opinionated on the pound. In fact, on January 20th he came out and boldly claimed that the pound was ...

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

When did Rogers do this? He said earlier in the week that he was holding no more Sterling and that at some stage he may short sell it. Has he shorted it since?

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

Well this is the precise point I am making; every man and his dog is predicting new lows for Sterling; It's all over the financial news every day. Why? We already know that funnymentals mean sh1t, so we can't cite a poor economy for more declines. ...

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

Hmmm, I'm not as convinced as others that GY is heading south. I have no crystal ball, but see no reason why we couldn't hit 140 before we see 120 again. We shouldn't discount the view that this pair has already seen it's lows. (when someone like ...

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

Malcolm - You short ES? I think it will test 850 and dip below today.

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

The 4hr pin bar does give an indication of weakness, but it's bounced off a previous high, so it's validity is not as good as say an evening star into new highs.

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

Well shorts look the obvious choice at the moment, but my view is the bulls aren't done yet. I think most people were expecting a bounce from the previous high, so a fall of a few hundred pips is not a surprise. If this fall was due to some form of ...

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

Panic over. Load those longs for a retest of 129.50. S&P 850 level important today. I think 850 will be tested and maybe dip below. If it then bounces back, we'll then see the market is still bullish.

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

All eyes on 129 again. Loads of resistance here. Also confluence of LTL on 1hr trend channel with horizontal resistance of last high 129.70. We need to get back in the channel to continue up I think. If 129 gets taken easily, I would expect some ...

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

Ford in 30 mins.... — Ford 4Q Results due in 30 mins. Not saying what impact they could have, only that they could affect Dollar.

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

Wow — I don't understand. Why would you take a trade on a pair you don't usually, if your win % on GU and EU is 80%? And 50%. That's a staggering amount to risk on a single trade. A sure fire way to become one of the so called 95%.

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

I look for the QQE crossing of the dotted line as long as it coincides with the Gann Hi-Lo. The crossing of the 50 line I use as further confirmation. I'm not sure if this is the intention of the original strategy, but has worked well for me.

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

Still looks bearish to me. 15m pin bar with reject of the 50ema. I have a small short and will build on it if the 4hr Gann Hi-Lo and QQE break.

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

Flat on all positions now, not taking a chance. Below 127.00 would represent a 1hr Gann break, but direction looks undecided right now. Still in upward trend channel..... just.

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