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

i'm just trying to help geppy because he says he has so much short. I hope he can hold it till 144.xx

and i think i might be annoying to post tooo much charts

Don't need your "help"... never asked for it, never want it. Thanks anyway.

LOL... that's why I told you "no need". Just kidding bro!



Lastly... The only thing this up-move from 140.15 or so is making me consider is pulling all my profit targets out at 140.00

People were talking about "big boys" position before the UK election hubub... well, I see this as the potential "positioning".

ok good luck man! lets wait for the end of the day

142.25 will decide on that, draw a horizontal line on the 1h chart and observe, lets see.

have a look at eurchf and buy opportunity(snb intervention)

DOW futures now 16 points in the hole after trading up all night, this cute little piece recently out: http://www.marketwatch.com/story/moo...k=MW_news_stmp

could get interesting

Heard about that the other day, but haven't looked yet. Thanks, I'll check it out!

EDIT: Wow! Ok, looks a little too risky for even my blood... haven't dealt with an intervention play before.

GY is at a critical point. Either it clears that 155 pip H1 bar and heads higher, or we get a retrace/retest of the 155 pips from the bottom. We should be into significant resistance; this area normally pulls GJ down, and I can't help but think that it's 'stopping' at 140.2 means something. Nonetheless, the bearish decidedness that got us there, should NOT just be easily undone with a easy trip up from here. Definitely a tough trade time; you've got prelim job numbers in 10 min, NY opening, UK election murmurings will start coming out in a few hours, and NFP tomorrow. It'd be nice to have some prevalent factors to go on, but I can't help but think manipulation reigns.

That why I'm start learning bro...." Learning to Ignore" ...

I love the Bollinger bands on the H1 when that happens....Modern art

As for trading it...well this is me....

Hey man.. Nothing will happen 2day,we will stall at these levels all day,maybe all day 2morrow also.don't know how do you see 144 in one day or even in 3 days after a 3 day thrust down 400 pips.

Pls get a pc and 2 screens and trade on charts, its much easier. Only mush can trade from the mind. Kidding!

But I do see 144.70 ,nothing more,nothing less,but it will be a slow 5 day rally if not longer. And yes the big boys do position themself in for shorts later on, for a move to 135 . And I don't know why some say we are bullsh on higer TF. We are pretty much rangebound between 130 and 146 until yea endr ,maybe higher 150.you will pull your hair out of your head to find the trend on higher TF.just play the range .

That's what I see and all what I know is,that if we heads up to 144.70 I will short the shyt out of it and keep adding a ton.

I was yesterday not that convinced that we will see a breakout this week,but I do see def atleast 135 if not lower.

So for I play the bulls coming week upto 144 and get ready for the MAJOR move down later in Q2.

Or I'm completely wrong and the breakout is due soon!

the room worth less now ...better to trade than read some argument post.

Just a couple of more musings from me, that I think are telling. We bounced 165 pips off the 140.2 bottom; the H1 and H4 bars were very bearish, among the tallest I'm seeing on my 3 screen wide chart. Our rejection off 145 a couple of days ago was firm. Similarly, we had a classic 139.2 bounce recently (last week?) which was/is 100 pips away from London's (opening low). A excellent upside range for GY is 135 pips per session, yet we're in a major downtrend by most counts, with the most bearish of H4/H1 charts, so 165 pips up is overdone. Throwing a fibs against the rejection of the last hour we can see we've dipped below the 50% point that even bullish PA will tolerate, and (moving quickly) have at time of writing given up 61.8% of the rise, I will note, breaking all the upward TLs. (I can't screencap my charts fast enough - it's already old!)

I'm droning on, but, if I recall that 140.2 has never been a firm stop zone, and coupling it with the 139.2 visit recently, I'm just trying to say that I think we head there today, and sail into 138.x - GY is telling us it is OK with much larger pip ranges these days, and GY history shows us in times of turmoil much larger swings are the norm. (Including a poor chart, just for the rise & fibs explanation).

And, I've not even gotten into the fundamentals that haven't changed, and are worse than yesterday. Also note that news is starting to either get ignored, or, is built in, and meeting expectations isn't a reason to rally. Coupled with overnight NY futures being positive and now turning negative, I think we're going to line up with NY selling, all seemingly coordinated to start in 15 minutes. Oh, and UJ, GU have hit a ceiling and are heading down, and EURUSD remains in (almost) freefall.

Geppy, I think you're spot on.

Thanks for the heads-up! SNB interventions used to be relatively safe plays. But this time, SNB let it fall ~200 pips. Have you heard any rumors as to what is the "pain threshold" (i.e., intervention level) this time?

If anyone sees me little entertaining and delusional friend... tell him I say hi

thanx, bro - next time - may be
Looks very „bullish“

I hope all you longs booked some profits.

Can't see us being bullish until after the election result tbh. If you're short, stay short until then. If you're long, be very careful.

For all bullish traders here, take a look to the chart, 15m TF, 50 Ema , easy huh?



Go with the flow is pretty much easier than pick tops/bottoms, my humble advice.

1.4 seems to be psychological level
still we are in all times low so intervention could be immediately