Maybe, maybe not. — Think we need to see what NY has for us before deciding we're testing the top again. I am expecting ES to test 1000 again, but if it stalls there or rejects hard, then downtrend will resume. I see no reason to go long just ...

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

I think he meant this.... — file file You need both.

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

Looks like... — there's some selling into this move up. Look at the increase in vulumes. Not all that vol is buying. image Bounce may be short lived. Taken a short here with fairly tight stop.

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

hmmm — Not sure there's any need for that.

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

You think they'll raise? — When you say fly kite, you think they'll raise rates? I watch Aussie/Yen too and there is the same 38% fibo at 77.70. If GY breaks it's own 38% level, it's a reasonable risk/reward to assume AY will go down further ...

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

Well...... — Despite the severity of this fall, price still hasn't reached the 38% fibo from the last 147-163 up move. (157). The 50% fibo sits at 155.10. Would be dangerous to go long when we're so close to the 38%. Looking at the Daily TF, ...

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

Here's one I made earlier — I posted this on Friday after the close....: Bigger picture While everyone congratulates themselves on their long trades today, here's something to consider: Since the initial NFP spike, GY has risen just 100 pips ...

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

Yes — Yes, but this kind of news/rumour would have affected the whole matket, not limited to Sterling only. I would have expected Dollar to tank first if this news comes to light. Would I be crazy if I said I'm placing a number of small long ...

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

Hmmmm, strange — I understand why GY has been falling. I posted an alternative bearish scenario on Friday after the close. But, what has me spooked is that Sterling and Euro were weak pretty much from the start of trading this week whereas, ...

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

Daily LTL — Daily LTL is being tested again. Looking to see if it breaks.... Chart: image

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

??? — Wouldn't that mean the Yen crosses and indices would go up? I thought there was an inverse correlation; cheaper gold = higher indices OR expensive gold = falling indices/risk aversion. Seems today Sterling and Euro are weak, whereas ...

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

Bigger picture — While everyone congratulates themselves on their long trades today, here's something to consider: Since the initial NFP spike, GY has risen just 100 pips give or take. Does that sound like the kind of rally you'd expect? We ...

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

Interesting.... — I think I remember Piters saying something about S&P hitting 1014 and then reversing. I'm not sure any institutional would be long right now.... would they?

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

Watch out... — Everyone will be thinking long right now. ES just crept over 1000 on this candle, but needs to close above it. If it cannot sustain over 1000 on this news, then downtrend will be back in play IMO.

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

risk/reward — Better risk/reward waiting IMO. Wait for the spike and go in the opposite direction. There are bound to be whipsaws before the report which will shake out the straddle trades too.

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

Might not matter.... — I wouldn't be surprised is NFP numbers came out better than expected, we saw a jump up, then a resumption of the downtrend. I'm thinking that if the smart money wanted a proper reason to dump the carries and stocks, they ...

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

Have checked — [quote=donfriday;2938286] It's OK, i've checked them on a naked chart. Fractal Levels looks very useful.

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

Thanks — Thanks. What's the difference between them all?

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

159 — We should expect some sideways movement or hesitation at 159. It represents 23% fibo retracement of the move up from 146.5. And 38% retracement from the move up from 153. You will be able to see the targets if we break 159.... Chart. ...

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

It's simple non? — Well, not simple, but here is a good reason why Karmo pills work. 4hr chart. Gann + QQE with an added 5sma, (white line). Gann and QQE in conjunction signify the trade and 5sma exits and re-enters until Gann or QQE change. ...

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