Bouncy bouncy.... — Not the best chart, but an existing trendline is in place on the Daily TF. We're testing that TL now, but a bounce from it was a reasonable assumption when you see the TL in question. Chart. image

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

Great opp — Am placing short orders below the rising price. Great opportunity to short at a higher price IMO. News is very rarely a lasting price defining thing. We were falling back to 150 for a reason.... EDIT: Closed shorts on the quick ...

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

Heck, open your own brokerage and become the middle man.

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

I hope you took some profit?

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

Great — Great chance of a bounce here just to mess up all those entering shorts for the re-test. I'd take some of the profits off the table. You can always re-short if we do break. Now do it.

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

PROTECT YER DAMN PROFITS. At least close half and set b/e to +1 on the remainder.

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

Well..... — Well, you could say we've already seen a fake-out of sorts when everyone was short at 150.2. We're simply retesting the downside bias I think.

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

hmmm — What do ya wanna know?

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

QQE — Weekly QQE looks ready to cross. Unless we hear some fantastic news, things could get ugly for Sterling. A rapid drop through 150 to 143 is very possible. I would not be long Sterling right now.

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

Closed short — Closed my short. The bottom line is I do not know the reason for the sudden drop, but similarly do not trust such a move. ES has formed a pin bar on 30m TF, so will not look for further shorts until I know this move is valid.

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

Probably rubbish.... — ......but Bloomies saying sudden drop in world indices due to German unemployment report being much worse than expected.

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

lol — ...or pre-warned that news is bad. News is a headf%%k.

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

Patience — Holding my short and will add if we go higher. We've not seen the last of 150.

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

Short — Taken a short at 151.97. We may see price get back to the Sunday open, but I think we'll see sellers come back soon enough.

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

Or those using AY as a long hedge for GY. Oanda promises it will be fixed, but 18 hours later, still no account....

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

Just how good would a stop loss have been when price spiked down 3000 pips? You'd have been stopped out at the end of the spike. To testify this, I had a short order on AY which was filled at 46.50.

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

Spike — Been confirmed by other traders at Oanda that this spike on AY and UY is bad data and that all errors should be reversed. Might take a day or two though. And yes MK, this is my main live account. My heartbeat must have reached 200 when ...

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

Heart attack — I've just seen a balance of -£180k on my Oanda account before wipe-out. It now says that I am -£55k in deficit and all my trades have been closed. I'd laugh if I didn't feel so weak right now.

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

Oanda — Unless a bomb has fallen on Asia, this data cannot be correct can it.?

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

Oanda — I've just been wiped out.

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