in a word... — Yes. Though typically, the weekend price does not fluctuate much in the other direction. It's either higher or lower, but not both. The weekend price will normally not deviate much from Friday's close, but in the weeks where it ...

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

an observation. re weekend prices — OK, make of this what you will, as there is no rhyme or reason why exactly, but I have studied weekend prices for about 18 months now and have noticed that the weekend prices are always reached sometime ...

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

agreed — Yep, agree with Strat. Move down not done yet. The volume Malc was mentioning could in part be due to Axl Faber's comments. Looked very much like these comments merely sped up a move which had already started. Did not look like a ...

vsa with Malcolm

There's a saying about Martingale: Martingale really does work..... but Martimgale will eventually kill you.

Cable Update (GBPUSD)

thanks — OK, thanks for clarifying.

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

Eh? This makes no sense. Buy at 88? Or sell? We currently sit under 86. It actually looks to me like they're 'active' right now. Maybe not buying, but phoning around.

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

Simple answer. Because they know you're short. You think companies like GS and JPM don't know how to screw retail?

Cable Update (GBPUSD)

Careful — I've no crystal ball, but I have a target for GU of below 150 and EU of 124.xx. My divergence play-out area is in the region of just below 148 for GU. Dollar is well overdue a rally. Markets can't function on greenback bearishness ...

Cable Update (GBPUSD)

Why? — Short was the most obvious trade for all XXX/USD pairs IMO. Take a look at the Dollar Index Daily chart. If you were trading this alone, would you say it was bearish right now? Considering the significant rebound after yesterdays ...

Cable Update (GBPUSD)

DX — I know I keep banging on about it, but DX is crucial right now. It has bounced strongly off the low today in spite of the terrible US data. If it closes the day higher than the open, I think a Dollar rally of sorts could be upon us. That ...

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

Not a call..... — ....but as per my esrlier post about the Dollar index; it's strengthening. if it closes above today's open, the long awaited, (and necessary), Dollar rally could be upon us. Like I say, not a call, just something to be ...

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

DX — Am watching DX Daily chart very closely for it's daily close. If we bounce from here and close near the high of today's candle, then further downside will be less likely. Today's data coupled with the Dollar sell-off smacks of a shakeout ...

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

Genuine

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

Moved short order to 5615.

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

short order GU — ....waiting at 5583.

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

I love those literal translations. I remember reading that the film Jaws translated into one of the Asian languages is something like 'The Big Shark With The Big Teeth'

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

OK — Maybe a bull flag, but I would say no. We pretty much retraced the entire news driven move of yesterday and GU looks particularly like it will retest the last low. Unless the BoJ are 'active' right now, I think the Yen crosses look ...

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

yep — Yep, nice simple analysis as always. Today's move can be derived as Sterling strength, but there was little in the BoE minutes to facilitate such a move. Sure Aussie and Euro hitched a lift with the Pound, but their moves are ...

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

contrarian.... — OK, looks trappish to me and if my theory about news moves not being permanent holds, then we'll see below 133 again on GY and below 1.5550 on GU. Let's see....

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