Hmmm — What's with all the Msniper baiting? It's jeuvenile.

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

Closed Gold — Closed Gold positions. What a move!!! ES making new highs too. GY not following.

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

Ready? — Everyone ready?

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

Watch Gold — Watch Gold now for potential GBP direction. As Dr G said, there's a chance GY has made a medium term bottom and if Gold pushes back above 1000, we could see bull fireworks. I'm long Gold and expect all Yen crosses to gain from ...

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

Yep — a I agree. No eurphoria just yet. I'm less inclined to trust a downmove right now than an move up.

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

Scrat and Raza — Great posts. Gold on a tear overnight. A retest of 1005.90 today looks more than likely. Although GY is stuck in range, it's starting to look like some major shake-outs/moves are approaching. The problem I have is ...

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

Off Topic, kind of. GOLD — Have a look at the Monthly Gold chart. A test above 1000 in March '08 followed by a pretty big drop. Area of red elipse signifies long term buyers with such high volume. (Sept '09, risk aversion etc). The next few ...

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

Volumes — Volumes even lighter this week on the indices. So much for the end of the holidays. ES testing new highs on no volume. I must say, it doesn't look like a positive sign to me. If the buyers were there, then they would be buying ...

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

you guys... — The part of me who likes to fight the underdog's corner really hopes msniper is correct. The amount of badgering he's getting is I think a long breakout is just as likely as the short one. Not as if ES and Dow have ...

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

lol — I get the keys to the forexfactory door.

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

missed...? — The reason why this news has been received positively is because last month Merv King wanted to print an extra £25Bn, so market was half pricing in a £25B extension of QE. It didn't happen, so market sees that as bullish for UK.

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

Speculation... — ...is pointless right now. GY is in range and AY has been in an ever smaller range....'til today. Not making much sense to me right now. Gold rose sharply, then fell sharply. Almost looked like a mini markup, but was on ...

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

lol — Look at ES into the close.

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

ES and GY correlation — out of whack right now. Something's gotta give....

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

Easy — The transfer process takes seconds. Account - Transfer Funds - Login to Cash Management - Choose correct radio buttons and amount.

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

Usually hedge with Aussie Yen, but have a sub account which I can hedge using GY too. Have faith.

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

Hmmm — Maybe, but gold could also be a trap. October 2010 futures only at 1012. If the 1000 mark is rejected heavily while ES continues to test the 1040 level, then much higher upside is possible for GY. We'll see....

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

Long again — Small position, 152.50. Risky, but I think we've more to go. Will add or hedge depending on movement.

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

Over analysing.... — Imagine you're a big player in the FX market, what do you do when everyone is back from summer recess. Do you: a, Short GY to hell 1000 pips from it's recent high? b, Add shorts despite the indices gaining? c, Collate all ...

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

Ignore then — Ignore everyone here and trade your own charts and feelings.

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