Closed long — OK, closed long for now. +66. Wary of being too greedy after such a strong, (and quick), move up. Will consider buying the dips....

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

Gold — Funnily enough, gold could give a great indication of GY movement this week. If 1000 is rejected strongly and dips back well below it, this could be a very bullish sign for GY.

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

No bias....lol — No bias, but in the interests of being balanced.... WHERE HAVE ALL THE BEARS GONE?

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

long — taken a long at 151.89. May end up being just a scalp, but a push up is likely IMO.

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

ES — ES looks pretty bullish on the Daily TF. Not a great idea to be married to 148 just yet.... Chart. image

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

gold volume — Volumes are good though, so move looks valid.

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

Looks valid to me.

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

GOLD — Gold touched the 1000 mark again. Let's see what the big players long term view is...... Will they let it bounce again or will they crash through? Let's see....

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

50 pips — Just 50 pips lower for the week on GY.Everything we've seen since Sunday open is largely irrelevant IMO. No bias, but Scrat's scenario makes the most sense to me. I'll play it whatever way it takes me.

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

Exactly — Yes, exactly what i've been looking at. ES steadily climbing, AY holding up OK, while Sterling takes a mini dump. This kind of move does not happen very often in isolation and there's been no particular bad news from the UK today, so ...

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

Excellent... — So here's our direction until NY get to work tomorrow.

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

Well..... — No bias, no bias etc, but if there were a day that a pretty major mark-up could occur, it's today. Any concerted selling would want to be done from higher levels than this IMO. Despite what people think, trend is up at the moment. ...

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

Mantra for week..... — NO BIAS, NO BIAS, NO BIAS. Impossible to predict what will happen until volume comes into the market. Have a great week everyone.

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

In circles.... — I have absolutely no bias for the coming week. BUT The volumes have been low this summer, but the markets don't lie. There is still alot of money on the sidelines and until the big boys can persuade investment houses and ...

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

lol — OK. 4hr and 1hr charts. Gann and QQE indis on both. When 4hr Gann AND QQE share the same direction, refer to the 1 hr chart. When 1hr chart matches the 4hr setup, take the trade taking S+R into consideration. Ideally the 1hr should ...

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

This is great until you get a whipsaw where both positions are opened before the price veers massively in one direction triggering your TP and then running away from your opposite entry. There's a reason why traders say don't trade the news. ...

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

Balaerics — mmmmm, does a long weeked in Ibiza count? Was probably the best weekend of my life..... back in the day. sigh. Beautiful place though.

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

Surely he'd rather you donated it to a charity of his choice...?

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

Funny.? — It's kind of funny, but the GY spread on Oanda did not fluctuate much at all today. Just a few seconds after the release my spread went back down to 4.5. I did see 2 long positions I already had go from +60 to -30, but it is very ...

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

Done for the week. — That'll do for the week for me. Took a risk and bought more on the dip. Now flat. I think we could see a tear northwards today now, but I'm happy to be out.

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