? — Eh? Weekly is very bearish to me. Big bearish divergence yet to play out. Price just cross from o/b area. Price below 200 and 50ema. Price below 5sma. Price has tested Gann. Volume on upmove been in decline since May. Who knows how it will ...

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

Closed shorts for now... — Chickened out, closed shorts. ES is nagging at me right now and I want to see more short term weakness in it before I jump back in and re-short GY.

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

Monthly PP — Sellers at Monthly PP. We may see more concerted buying at this level to break us higher, but PA still bearish to me.

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

Short — Taken a small short here and will add shorts as necessary. You don't reverse such a strong downmove this easily. Mark-up.

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

Yawn — Good morning everyone, just woken up. So, what's been happening? If we were now starting the US session, I would expect a reasonable bounce here, but London rarely reverses a strong Asian trend. I think down until NY get to their ...

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

Yep — Very possible. We've fallen quite strongly from 156.74, so it will take effort to get back there IMO. BS news may just do that. I'm still bearish though. I can't see too many reasons in the PA to go long.

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

Bounced off.... — ...the 68% fibo retracement from yesterday's move up. ES hovering at the 1000 level too. I will be looking to re-short if we break below it. (154.83). AND, if we do break it, I see a retest of 153.63.

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

lol — That's not a true story. Sounds like something you'd read in The Enquirer. lol

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

It's crap. — The TV news reporting of fundamentals is largely rubbish. Monday, market crash = 'People seeking safety of Yen and Dollar'. Tuesday - market recovers = 'People buoyed by signs of recovery so buy riskier assets'. Repeat as ...

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

Yep — I took a short on this news. Truly terrible. Not looking like it's had much of an impact though, so have put s/l at b/e +1.

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

ES — ES is now at 50% fibo retracement from the 1015 fall. Curiously the 68% fibo sits near as damn at 1000. I'm thinking a nice rejection of 1000 and we continue down bringing GY with it. Chart: image JHave gone short here on GY, small ...

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

No particular level — I have no particular level to short from, but am placing small sell orders beneath the rising price. ES looks to me like it's being marked up and i'm distrustful of any sudden strong move up during such a bearish day. I ...

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

Early — Bit too early I think. ES climbing.

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

OK, patience..... — ES going higher at the open. Waiting for a good chance to short GY higher....

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

Warning for Sterling longs.... — Lloyds are closing their Cheltenham & Gloucester branch network. For anyone not familiar, they are a major player in the UK mortgage market and can be seen in just about every UK town and city. This may spill ...

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

Thanks — Thanks. Am adding short orders behind price as we retrace up. If we now hit 158-9, I won't fuss it.

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

Closed shorts — Closed shorts here at 154.30. I think we're going further south but AY has been holding up well and ES is off this morning's lows. There's also a point of control between 153.75 and 154.5 where I would expect some speculative ...

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

We'll see... — Maybe, but I can't see much buying volume right now on GY. This move will be more sustained if ES gets on board. We'll soon know....

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

Yep — Exactly. Watch out below. Just need some bad data from the US now for the full set.(China market fall, UK debt and US....?) If ES breaks down too, not much to be bullish about.

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

Monthly Pivot — Just need a push to get below the Monthly Pivot and we see new bear trend on GY.

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