hey man. — Really!? Funny you should say that..... Volumes much lighter this week. The last time I saw reduced volumes like this was just before the fall from 141. Good to see you here bud.

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

Thanks for this. It's good to bounce ideas. Indeed, I have found myself entering into analysis paralysis mode, but I have to remind myself that whenever I've felt like this before, my gut instinct is usually the correct one. Failing that, I try to ...

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

Psychological jibber jabber — OK, something is bothering me with this PA and I need to canvas some opinions.... The fall from 141 - 132 has been pretty substantial and quite unique in that no retracement has even looked close to happening yet. ...

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

lol — Yea, complete bollocks. A talking shop sharing ideas is OK, but hatching a plan isn't. 'Shall we talk gents?' 'Yes, let's' 'What do we all think about the Euro, pretty shit huh?' 'Oh yea, we all agree, pretty shit' ***winks all ...

Weekly COT report Analysis + Trade Ideas

Yep — Agree, UY is looking very lacklustre. Both AY and GY have shown signs of bullish intent only to be pegged back by USD. Patience is key once again. Scalping in the range for pennies the order of the day.

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

AY — AY looks set for a move lower. Taken a small short @ 80.19.

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

Not everyone laughed. I agreed with you.

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

dips — Volume suggests dips are being bought. Lots of tails on the 5m TF. I could be wrong, but this looks like short term accumulation.

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

Bulls can't hold this range for too much longer IMO. Selling momentum getting smaller and smaller. They're guna need to show their hand sooner or later....

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

Correct — You are correct, it is a pretty clear H&S pattern. Whether it plays out as one is another matter. Too much shouty shouty here sometimes. People here are too quick to dismiss what others can see. Well done on your pips.

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

Hmmmm — It's early days, but GY is showing signs of rolling under on the 4hr chart. Bullish divergence, oversold for some time now, QQE crossed to bullish, MACD crossed the zero line and it's adjustable MA crossed bullish too. chart: image ...

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

Gold Long Term — This will have to play out eventually though wouldn't it...? Chart. image Long way off I know. The question is whether we'll hit $3000 before then.....

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

Yes — Agree with this. UY looks a good bet to weaken to somewhere near 87. GY is a mess right now, too many fake-outs either way to be confident of a trade, but I favour some more dips below before any sustained move up.

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

Well.... — ..... no amount of TA expertise would have helped this week so far. It's hard to see an end to Sterling's decline and a number of reasons are being given: 1, Possibility of a hung UK parliament not providing the clarity traders ...

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

ES Buying — Someone has been accumulating ES. Elipse areas shwing that dips have been bought. This should be ultimately +ve for the Yen carries..... Chart. image

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

ES — Worth looking at how ES is performing pre-market. GY does look rangebound, but a pop up could be very likely.

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

Gap — Gap now filled. Have taken a short scalp here @ 135.43. Edit: Closed. +12 pips.

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

Interesting — So, in the cold light of day we have the following: A 50% fibo from today's downmove at 135.70. A second test of the Weekly 61.8% fibo line. (135.73) A break of yesterday's support, before quickly retracing back up. The ...

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

Jim O Neill — Jim O Neill saying that Japan is in more trouble than any of the other G10 nations. He cannot understand Yen strength and thinks their economy will turn worse than any other. Make of it what you will, but he thinks Yen strength ...

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

Dip, buy, sell, buy. etc... — Another test of the 61.8% fibo likely, but I don't see massive downside from here. As Q said, this fibo level should not be taken lightly.

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