Short — Took a short @ 147.83. Looking to target the LTL on the Daily which is currently 146.20 ish. Will look to close anywhere approaching 146.5. Let's see how it plays out. Edit: Hint of reasonably strong buying here. Closed short. +28.

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

OK, have closed some longs at resistance. Good start to the year. Am expecting GY to stall here as UY is not joining the move...... yet. Not expecting a push through resistance until Dollar strengthens.

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

UY — UY has closed the gap and bounced a bit. This has stalled the rise of GY. Once UY settles, GY could close the gap very quickly and break north. Volume is supporting more upside too IMO. For the moment, I'm long.

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

Nearly there.... — Signs of a buying climax on the shorter TFs now. Will not take any more longs. I may be wrong, but I think we're near a short term top.

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

Times Sq? — Ewok posted something in the Aus thread about a bomb scare in Times Square. False alarm. If this is the cause of the move, expect a significant retracement. Shorted GU at 6085. Just on Sky News now, Nasdaq building evacuated in NY.

Cable Update (GBPUSD)

well..... — .....what a frickin day!!! Short this morning. Long this afternoon. I really did not expect GY to break out North, but took some long trades on the break nonetheless. Now flat again but if the upward momentum follows ...

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

wot? — You seem a little needy. Does wifey not appreciate you enough? Anyway, I think you're great, make fantastic calls and are very modest with it. Better now?

Cable Update (GBPUSD)

Closed — Closed my long. + 45. Nice spike up. Flat now until breakout.....

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

Risky but.... — ....just taken a small GY long. AY and UY rising strongly again and i'm not expecting too much more downside to GU this week..... We'll see.

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

Closed shorts — Probably against my better judgement, have closed my GU shorts. Am seeing small signs of buying on the lower TFs. Will look to re enter shorts from a higher level.

Cable Update (GBPUSD)

Posted this morning. If you think i'm gloating, just wait 'til Malc gets here.

Cable Update (GBPUSD)

Congrats — Congratulations to all those long scalps which have paid off. BUT, it's a bit too early for all round back-slapping. Volumes are very low which means one thing; big boys are relaxing. Taking a longer term long view on GU now is ...

Cable Update (GBPUSD)

lol — Fighting at Christmas. You should all be ashamed. Peace and goodwill to everyone..........except GU longs.

Cable Update (GBPUSD)

I agree — I completely agree, TA is the only way to go. But, the point still remains; we are in a thin market now, so any trading decisions based on candles/volumes etc will not be entirely safe.

Cable Update (GBPUSD)

All depends — It all depends on what everyone's basing their decisions on. If anyone is predicting Dollar weakness based on TA in a thin market, they could get badly burned. (unless they're scalping for a few pips). When liquidity was higher ...

Cable Update (GBPUSD)

no target — I rarely set targets. I entered based on averaging-in to a short trade. I may hold this for days or weeks, or I may close early based on the PA. I'll probably hold shorts forthe next few weeks at least. I rarely set cast iron stop ...

Cable Update (GBPUSD)

Short — 1st small position. Selling into 'strength' here. Will add if we move either way.

Cable Update (GBPUSD)

purpose — Presents?

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

Not convinced in weak Yen — If i'm honest, i'm not convinced by a weak Yen going forward, but anything can happen. UK election in May so I expect some improved data between now and then. , so yea, maybe Sterling will strengthen somewhat. ...

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

Hope you made some man. I was tempted to close my GU shorts before US GDP earlier, but glad I didn't. All flat now though on the housing data spike down.

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