Hmmmm — Pros using Aussie news to sell at a better price? Looks suspicious to me.

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

Careful IMO — Be careful of trying to catch a top here. PA has been a bit topsy turvey all day so I'd imagine any short trade will not come at the expected time.

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

Hmmmm, so far so no good.. — So ES falling sharply as are other Yen crosses, but GY stubbornly hanging on. I have a short from 157.03 and will hold until I KNOW i'm wrong.

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

3 Pin Bars — Looks to be 3 pinbars forming on the 30m chart. Does not mean much in isolation but ES looks weak so far today and 157.20 looks a tough nut to crack with this volume.

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

ES — S&P open will be very important today. In 10 mins... If ES is anything to go by then GY looks toppy. I can see a quick spike up followed by some significant down movement. Let's see.....

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

Hmmmm interesting — Just seeing the first slight signs of Distribution. Been watching PA closely and although we saw a pop up at the Frankfurt and UK opens, price has been sold into it each time. I could be wrong and it's too early for any big ...

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

Watching the open.... — So, we tested the LTL on the Daily again and bounced again. If we successfuly break it and get back in channel, a retest of the recent high, (162.70), is very likely. It could be that we don't retest the line at all and ...

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

lol GDP — UK GDP numbers truly terrible. -0.3 predicted, came out at -0.8. Sterling should be sinking like a stone.....

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

UK GDP data — ....in 40 mins. Will be choppy whatever the outcome. If numbers are not as terrible, (still awful though), as predicted, we march straight to 159 today. Overall bullish right now for me.

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

lol — Might also have something to do with the S&P open.

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

Hello — Hi Karmo. I've been thinking about you with all the great Gann+QQE setups we've had lately.

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

lol — Nor do volumes Dear.

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

How about we leave the philoshphy for somewhere else and FF for trading only? The cluttering of this thread with ramblings and arguments is the main reason why the senior traders no longer post. Charts, opinions and reasons are all this thread needs. ...

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

ES and 940 — ES bounced off the critucal 940 level. It took a while to break above it, so it may take some effort to break below it again. I'm still not entirely convinced by talk of a sustained downmove..... yet. GBP was always going to be ...

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

Not a predictor — Not a predictor no. It's very closely correlated though, so if GY is falling and AY isn't, you would then look to see what the US Indices are doing.

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

AY — Aussie/Yen

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

No Big Drop — In order for GY to fall to the levels some here are predicting, the other main players need to get on the same train. GY has fallen today on the back of some rubbish data. AY and ES and Dow have either climbed or held their own. ...

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

Rejection — I'm betting rejection. ES has been climbing and AY has been largely unaffected today, so the move down on GY is fake IMO.

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

ES — ES is the Emini S&P futures contract. Sent you a PM...

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

Too early — Bit too early for self congratulation. A few hundred pips on GY is nothing more than mild fluctuations. Until ES tanks from it's current level, I will not be joining the short brigade.

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