"Everywhere I look is south everywhere I look is south If I could clear my vision now, I could hear you nice and loud Everywhere I look is south" From Uncommon, Umphrey's McGee

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

USDCHF correlation trade and SNB intervention

EURUSD

I placed a poorly thought -out GU short about 30 minutes ago, but actually canarek's bounce of resistance makes more sense.

Cable Update (GBPUSD)

not so sure about the "imperative". The Labour government knows that it's a busted flush, so why bother? If anything, they would want to screw the new Tory regime for all they can so they can get re-elected again in 5 years like the worthless pieces ...

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

drunk ants

EURUSD

I'm getting the impression that an ATR SL of x1.0 is not loose enough to allow the good trades to develop. An example is today's UJ longs which were stopped out prematurely. I will backtest ATR 1.0 vs 1.5 over the weekend.

Mister ED's 4 hour Heikin Ashi system

TP1 152.80. SL 148.95

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

not much drift or profit taking in risk asset pairs overnight (EU/GJ) so based on the high volume bull bar yesterday I am remaining long on both.

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

1.5 by end of day

EURUSD

I expect FTSE/DAX will sink hard this morning, futures very negative. EU will sink as far as 1.4500. That's where I plan to reverse my hedge depending on PA.

EURUSD

I will keep my large short (hedge( open looking at half TP 4650 then if falls further will close all out at 4500 where there will surely be a reversal.

EURUSD

well my safety neutralising hedge was triggered below the daily TL, so I am now looking to exit the hedge, either at BE with price momentum heading north, or at some mega bounce off resistance. Lordy knows where that might be....maybe 4480

EURUSD

could also be interpreted as a classical hammer reversal

EURUSD

the candle guess is "trendshadow" - it's pretty hopeless and repaints a lot, also uses a lot of memory, however I have caught some mega swings with it on H4.

EURUSD

we're almost abutting a major daily upward trendline. Unless your short is a scalp it seems a bit of a risky trade to me.

EURUSD

VSA — another rudimentary look at VSA. The volume climax down bars followed by low volume yellow bars (ie. lack of supply), suggest a bullish reversal in keeping with the daily trend. What I am still unsure of is the relevance of low volume ...

EURUSD

I'll be buying euro large-style if hits 4750.

EURUSD

Good to see the UK and Europe spanking the yanks. Someone tell that europe-hating fascist tw*t Mark Haynes on CNBC. If he ever comes over here I'll be sure to gob in his cappucino. Ahhhh...that feels better.

EURUSD

SO, what do we make of the rare climax churn magenta VSA bar on geppy today? It SHOULD mean we are heading north.

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

swissy correlation trading — this may be relevant.... url

EURUSD