Technicals suggests a retrace, but the Asian session news today is just awful. Western power's rejection of an Iranian Uranium swap offer - wants more sanctions and carrier groups in the region, and NK's "prepare for war" call.

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

Careful buddy, it will go down eventually but this region is a strong support. There was also massive volume on Friday's equity market on the bounce up. If this support is to give way I am extremely doubtful it will happen in the this Asian session.

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

In that case Bear's formula will work, although if you are going to be measuring everything with weekly snapshots then you could probably change the formula to: {(NAV/Initial Capital) ^ (number of weeks/52)} -1 Just a suggestion.

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

really depends on what you trying to figure out? "Profitability" is such an ambivalent term.

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

I agree that there will be some retracement but the current move is very worrying because it comes on the heels of that big Japanese news. BOJ flush with more virtual cash just pumped another 1T yen into their system at the overnight rate of 0.1% in ...

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

That's the problem. When intervention happens we see it reflected in the charts and the effect is usually very obvious. Regardless, the central banks be it the Fed, ECB, SNB, BoJ etc.... will never admit the fact that they became buyer/seller of the ...

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

another one covered 127.30. Last one's at 124.40 but wanting to reload some

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

meh, covered some shorts at 129.30. If the large daily channel holds then its a trip back to 140 where i'll short more. If not and this current level just breaks i still have some shorts in play to cover with.

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

lol, i was kinda implying something a little different but hey, that works too if you're into that kinda stuff

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

yep, fat fingers and fat tails

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

If you are gonna be trading with the 3ms timeframe crowd then you're gonna need a co-location server and the rent cost there is massive not to mention how much you need to invest in what pretty much is an algorithm inside supercomputer capable of ...

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

lol, look at E/N. Even bigger squeeze there.

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

It really begs the question of why the SNB keeps up this charade of a floating currency when it has been anything but. Next question, why doesn't the US call out the SNB as a currency manipulator such as the rhetoric they keep up against China. Then ...

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

Case in point, they sell CHF for EUR which is used to buy EUR bonds alot of which are now sold in order to fund the bailout of those irresponsible EU countries. If you listen to the "sunshine lollipops and rainbows everywhere" politicians the ...

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

one thing i don't quite understand is the SNB's staunch defense against the CHF. The epic failure of the 1.4325 defense has just given way to them throwing even more money at 1.40. Seriously, are they trying to import EUR problems over to their own ...

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

FF HFT scalpers? Damn, that's some market moving power. booking 90 pips per 0.003 second scalp

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

i'm observing something really odd on FXstreet streaming feed from Interactive Data. The price keeps spiking down then immediately bouncing back from 133.52. If this data is accurate this behaviour can only be explained by those high speed algo's ...

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

You'll find that Cramer and CNBC will always find a way to spin it fantastic.

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

what you talking about, CAD/JPY is cool. see the shampoo, breakout, fakeout, ATR MA cross, QQE cross, RSX cross, MACD/RSI Divergence with GMMA inflections blah blah blah blah blah

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

well there you go, textbook example. Down Down Down Up Up Up

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