Method is fine — Nothing wrong with your method. Try to remember this thread should be about quality, not quantity.

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

Strange.... — Gunna sound like a lone voice here, but I don't see signs of selling at these levels. The move up on low volume yesterday could also be seen in a different way; absolutely no one was selling. This would tell me the pros want GY ...

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

Agree — I agree. Look at the volume on the 30m TF, declining as the price has risen. It's a bs move I think, but I'm not brave enough to short it. It look to me like we will break out higher today now, so I will watching selling ...

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

Volume — I would agree if the volumes were high, but this move has not been resisted at all it seems. Until I see some selling volume, I will not consider shorts.

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

ES — ES getting killed but GY not playing along. Hmmmm. Normally only a matter of time. Some strong bearish divergence now on the 1hr TF too, so I will be looking for signs of distribution.

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

Hmmm — GY actually looks bullish to me right now. Might just be a punch up then sell, but there has been a steady stream of buyers on dips all morning. The S&P news has thrown a spanner in the works, but a 200 pip bounce from the low spike ...

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

What news? — What important news are you refering to? You knew S&P announcement was coming? Have Bloomberg terminal?

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

yep — This is good advice. Going long right now would be very risky. I suspect there's more in this move yet...

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

Where is he..? — Where is that Crazy Greek?!!! I doubled up long and have lost my house!!

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

Of course — Of course they did. This news has massive repurcussions beyond the UK.

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

You told us that S&P would downgrade their outlook for the UK?

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

Should keep falling. This news is potentially massive.

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

S&P — Standard and Poors have reduced their outlook for the UK from stable to negative. That's the reason for the drop.

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

Thank you — I have to say this volume indi and your own RSX Divergence are a staple part of my charting, so thank you to both you and Obaidah. .

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

Buyers — There are buyers here. Price bounced off Daily pivot and every mini-sell-off has been met with buyers. Some selling volume needed to bring GY lower, otherwise we'll be testing the top again.

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

Vol description — Obidiah, (sp?) did give a brief explanation of his indi when he first posted it. If you search his posts from approx Jan or Feb of '09, you should see it.

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

crazy Greek — Where is that crazy Greek? He was right. He reminded me of a less calm, younger and more strung up Big Bruv. I actually hope he'll be back.

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

humouring you... — OK, just tell me where I said short? You need to take some chill pills mate, those 12 monitors are playing havoc with your anger management.

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

lol — I own a guitar, it doesn't make me Eric Clapton.

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

Hmmmm — But you suggested he double up long in the belief GY is going up. It's a cowboy trade, period. It may work, but if it doesn't, the guy gets fried. (Currently >30 pips under as I write). Easy for an Internet poster to offer advice like ...

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