Karmo — I know he hasn't posted for a while, but just by observing the 4hr and 1hr Gann + QQE, I can tell he would have made a fortune this past 3 weeks.

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

agree — Yep, I agree. I look at low vol PA in 2 ways: 1, The pros are not taking part in the market. 2. Of those who are taking part, absolutely no one is selling.

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

If it helps.... — If it helps, the last time I saw such rapid movements without retrace, we hit 118. Remember, pros sell on strength and buy on weakness.

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

who knows..? — I've said this before but it's worth repeating; who the heck cares why GBP is rising? If we all just looked at our charts, we will see no short entries other than speculative punts, (I'm guilty of those too if I'm honest). I ...

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

Aus System Analysis — As promised, I will be posting some charts based on Auslanco's original system. I think i've got the hang of posting pics now..... First chart is 4hr TF. Gann + QQE turned bearish, but 5sma needs to be breached lower, ...

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

Explain please... — How do I then upload the chart to FF then?

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

A couple of charts... — Whenever I'm in any doubt as to the direction, I revert back to my chart TA; namely Gann + QQE. First chart is 4hr. QQE crossed down, but Gann has not yet. Price closed below the 5sma, (white line). Second chart is 1hr. ...

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

This is what I mean — Yes, you may have posted short 10 hours ago, but what about the shorts you've been posting for the past month? Ever heard the story of the boy who cried wolf? The more people who tell you to stop posting rubbish, the more ...

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

funny. lol — This is the same flight you were imploring everyone to join you on when GY was at 141?

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

distribution — I'm seeing signs at long last of distribution here. Each push up being met with sellers. Calling a top here at 154.62.

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

Ignore it — You don't need to ever get into the complex fundamentals of why a currency is strong/weak. How are we retail traders ever able to know why? I mentioned yesterday that we've dropped from 251 to 118. You think that entire fall was ...

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

Hmmm. — I know what you're saying and it's conventional wisdom I agree. But the interest rate diffential did not alter until Sterling had already massively dropped. The move down was sparked largely out of panic as the UK economy is the ...

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

It hasn't. — No rating cut yet. S&P merely downgraded their economic outlook from Normal to Negative, but still AAA; as are the other ratings agencies.

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

Yes, but by that token the Japanese economy was in a worse state in 2007 than it is now. That doesn't compute. Fundamentals did not drive the move in GY from 251 to 118, sentiment did. The same sentiment which is driving the price higher now.

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

Such high levels..? — What high levels? You think 153 is high? Consider what your thoughts would have been when GY was at 250. Was the UK economy so much stronger than the Japanese one back then? Of course not. The rise and fall of GY has very ...

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

No selling or distribution — I know some were calling distribution yesterday at 151.5, but I couldn't see it on pretty low volumes. I still see little real sign of professional selling, every dip is being bought and the volumes are not ...

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

Can't tell anything yet — I would say it's impossible to predict double tops and distribution just yet. We need to see distribution on high volume before we can say the pros are selling. So far any distribution is small-fry. I would agree ...

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

OK — OK, so let me get this straight; you're posting because you want to gloat about another's misfortune? Classy.

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

Look!!! — Are you on some sort of mission to reach 1000 posts. If you want to share what you think, fine, but stop posting crap for the sake of it. Sorry if that insult you. And, start another damn thread if that's what your ego ...

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

Bill Wiliams — The same Bill Williams who banged on about indicators being useless, then described his system which uses a multitude of indicators. The chaos theory part of the book was very interesting, but the trading part was not ...

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