Buy GU

Playing the ranges here. Looking for a test of new intraday top. If we don't drop from here it will be a higher low.

Dream come true

You don't often get a setup like this. Into the Ny open, GBP was heavily sold and when it bounced, it turned just in time for my system to catch it on 2 markets. I didn't trade it today but it is a nice reassurance that the system hasn't completely broken down after early last weeks really bad deciion to not take a loss on the GJ short. Still holding short underwater on that one for another few days, I expect...

Sell GU++

Added some more GU around 1.6280 exited around 1.6360 for +20 or so. Will probably just keep flying along but I have a short bias and it's closing time in NY now.

GJ Weekly Levels

Glancing at the GJ weekly chart we can see that this monster has given so many pips it's shocking that I haven't taken train at least once and hoped for the best. More than 6100 Pips short last year since the summer and an additional 2100 this year, with barely a drawdown in sight. Stomach churning missed opportunity.

On the radar above is 165.97 which we will probably see in the next 2 hours the way GJ is trading this week (only half joking). On the downside is sturdy 150.30 which may be an excellent place to pick up the lottery ticket longs.

Will definetly review this chart on a regular basis.

EU Weekly Levels

Constrast with GU, EU is less decisively long although still trending in its own stop start manner. The most noticeable fact that eventhough we went below the MA's and the stop bands, the MACD never crossed down into sell territory.

Signifigant levels this year have been 1.3823 which we have already tested this month. Above we have 1.4362 which everyone has their eye on. Below, which is where I am biased for us to head is 1.3312. Fantasy target is 1.3027. If we can get there and I am still short, it really would be a fantasy come true.

GU Weekly Levels

Taking a step back and consider just how far we have come this year. Makes me scratch my head a bit and consider, what if I had the patience to sit through a 400 pip drawdown in early March? Could I be sitting on a 1800+ pip winner like the market has offered up on a platter? And more importantly where are we likely to see a multi day reversal? Looks like we have a little room on the upside. 1.6790 looks like a safe level to play for.

I called them pauses because who knows what happens at these levels, but the first "pause" of the year provided a good place to take interim profits. The next week would have made most people kick themselves, but you get the idea. We have really made a huge gain this year on the GBP.

Buy GU

Looks like we are long again. Not looking for much. retrace to the pivot would be nice...