Oanda — Oanda opened for business 30 mins ago, but none of their currency pairs have shown any movement, as well as weekend spreads still being in place, (GY = 50 pips). Seems the weekend data has thrown them too.

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

I know — Yea, true, but when you can see a 2-300 pip drop in price before the market opens, it's a pretty reliable indicator of things to come. I could not consider a long now after seeing that. I remember people scoffing when the Friday close ...

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

Really? — Really? 'cos my experience has been the exact opposite. I've been studying weekend data for the past 3-4 months and price has always reached the weekend quotes within the next trading week. Looks like the margin of victory is buoying ...

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

All agreed then — OK,so we're all agreed then, GY going down. I guess the smart money will take it higher then... lol. I'm very wary of trading the obvious. Not saying I'm contrarian, because i'm not particularly, but if more downside looks so ...

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

lol — I never said go short. lol

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

Psycho stuff — Bears expecting a drop back? Bulls thinking here we are again? Newbies thinking wtf is happening now? A few thoughts: ES double top formed..... (maybe), but will know more after the open. GY retraced to 38% fibo from the week's ...

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

4hr 50ema — Will be very interesting if price reaches here (Currently 154.30 ish). The 50ema on the 4hr TF often proves to be very powerful. Look at a 4hr chart and this rise is not out of the ordinary at all. In fact it could simply be seen ...

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

Yes, but.... — It is, but there is an obviouis disconnect between the Yen carries and indices at the moment. It could be that any risk aversion is more obvious in FX and the indices have yet to catch up. I'm watching for signs of distribution ...

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

lol — You betcha. I posted yesterday that a 200 pip move up would not surprise me. Just the smart money F%*^ing with us I think. We went from doom to dreamland in 30 mins. lol Still bearish I think. I have short orders under the ...

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

It's not age dependant though is it.? How old do you think these hot shit traders in London are? From reading your posts I can see you have the maturity needed to trade F/T. The only 2 things postponing this are possibly your bank and your ...

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

OR, and forgive me if this is too radical, you could always buy them?

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

not for me — A short is as risky as a long for me right now. We're down for sure it seems, but a short term 200 pip spike up should not be ruled out. I'm flat now.

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

Maybe — Ya know what, I'm inclined to agree with you. More down-moves are expected pretty much by everyone and that would be too easy. I see higher,maybe not 159, but back to 156-7 would not surprise me. We'll see.

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

harigp — Some advice for you. Everyone here makes posts based on various beliefs using charts, fundamentals and sometimes gut instinct. Their posts are a gift, not a priviledge. Everyone who posts here has been wrong before, but should not be ...

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

Aussie..? — Strong Aussie/Yen move down. GY catching up. What news from Oz?

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

lol — Or you need to change what you're doing? Your analysis has been correct, you just need to trust it now. At the very least, set your stop to b/e +1 when in profit. Or close half when at +10 and let the rest ride.

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

153 — There's still some quite significant support just above 153. I, think this will break, but not without fake bounces etc. I'm playing a scalp range at the moment, but am ready for a rapid fall when 153 breaks convincingly.

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

Yep — to be sure, to be sure.

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

Exactly — Yes, exactly. Worth remembering ES has only come off 7 points from the high, so any rally higher will send GY higher too. GY stil looks like a sell, but expect shenanigans.

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

Ah, the beauty of hedging; when a short term trade becomes a long term one. lol

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