Long — Yea, yea, I know. lol @ 142.77. Will add as she goes lower. Just look at how o/s GY is now on virtually all TFs. Some bullish divergence building too.

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

This ^^ Everyone knew they were 'pausing' the QE program, so what we're seeing is a mixture of news whipsaw and support orders IMO. I think we're setting up for a rapid move through support, but staying flexible...

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

Careful man. This thing looks to have momentum.

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

Closed — Closed short UY positions 90.60.

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

Hmmm, interesting — Looks almost like we're seeing this push down so the pros can buy cheaper. If so, then expect some butterflies as price crashes through 143, maybe even 142 before a quick reversal. There's bad news on the horizon longer ...

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

Eh? — Why are you guys gambling. If you want a rush, go to the casino. Motion has been pretty much sideways for the last 3 days. Anything other than small scalps is like fliping a coin. Big dogs are not playing this right now. Sure, it's ...

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

Yay, someone else sees it — Yep, my sentiments exactly.

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

15m UY — Even the 15m is screaming short. image Gotta play out eventually. If we see 91.8 beforehand, that's no big deal. Just makes the short trade stronger IMO. The talk is that this whole Yen weakness against the Dollar is attributed to ...

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

UY and MM — It's all about money management, but my view on UY hasn't changed. The 4hr bearish divergence coupled with the move into very o/b territory has to play out sooner or later. Especially since the moves on GY and AY have been pretty ...

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

Hmmm — I'm seeing some bullish divergence which is currently playing out. I wouldn't trade it from now though. image Gann is now bullish and QQE looks set to cross up too. You seeing something different?

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

UY 4hr TF — Some nice bearish divergence building on UY 4hr. This will have to play out sooner or later. Maybe wait for RSI to form a top above 70 or 80 line. Chart image

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

lol — Sorry you lost. Only person to blame is you. You know that right? The art is to know what posts to take on board and which ones to skip over. bye now.

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

Short AY — May be a bit early, but have added a short AY position @ 80.54. Bearish divergence and RSI o/b. Chart image Will continue to add sell orders if the criteria remains in place but price rises. EDIT: Added short UY too @ 90.47. ...

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

lol — That's class. lol At least he wasn't having a fumble.

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

At least — Honestly, if Europe's biggest economy left Euroland, then there is nothing to stop the Euro devaluing by 50%. Germany IS the Euro right now.

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

Scaling-in — Scaling in to longs now is not the worst idea IMO. 4hr Bullish divergence and RSI bumbling along the 20-30 region. Chart image

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

When GY was last at 196 ish — Summer/Autumn '08 I think.

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

Well..... — There was a similar gap down when Darling said the UK banks were in some trouble. The 'gap' was not closed until many weeks later. Heavy Yen orders being placed.

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

Gap Closing — I wouldn't be so sure on this gap being closed soon. The size of this gap would indicate to me some significant Yen buying which will not be easily reversed. The gap will close, but the million $ question is when.

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

Hmmmm GU — GU looks like it needs to hit 1.61 before any decision time. Breaks like the one we've seen are very often 100% retraced. If I see some bullish divergence and oversold levels, I would even be tempted by a long scalp. EDIT: In fact, ...

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