Neckline — A very loose sloping H&S pattern on the 1hr TF, looks like producing a neckline at 138.15 ish. (I know it's technically a double top). I've closed my longs from yesterday and will bet on the neckline break.

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

Damn. I wish I knew about this earlier.

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

Isn't this missing the punchline? Where the Asian lady says, 'Well fluc you Americans too!' EDIT: Nevermind, I missed it.

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

Great Stuff — Good trading mate. There will be other opportunities. You had a + day, many others didn't.

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

Not an abundance of sellers either..... No indication of ES or Dow tankage yet... I guess we'll see what the market has in store for us.

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

Double top... — OK, now we see a rise to previous high, double top is a possibiity, but I won't be trading it. This move is strong and I think we'll now race to 143. Still holding long.

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

I've added a small long here at 140.73. Looks ready to move....

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

Closed some longs — Have closed some of my longs now at this stalling in price. Wil leave the remainder running and will add if I see good opportunities above 141.50.

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

5m QQE — Taking into consideration the QQE + Gann method, if we see a 5m cross up on the QQE, it's a potential long entry.

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

I can honestly not see with the unnatural moves in geppy why anyone would be short.? Sure the charts can be good for some scalps, but to predict this thing will fall heavily belies what is actually happening. We've had a significant upmove hitting ...

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

Turn off auto scroll. (Charts drop down menu).

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

bear in mind — The news from Royal Bank of Scotland this morning is every bit as dire as we expected. £28 Billion loss, Government increasing it's stake to 84% and taxpayer on the hook for over £400 Billion of bad debt. Priced in or not, ...

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

Is there any reason you can't use MT4? Gann and QQE won't cost you a penny.

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

Added another small long at 138.21. Seeing bullish divergence on 15m.

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

Well, I won't be arguing with Karmo on the QQE and Gann side of things.... However, it's worth having a look at the other Yen crosses right now. Today's down moves have been strongly retraced with only GY so far refusing to join the party. AY is ...

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

There's no short setup yet showing on 4hr and 1hr QQE + Gann though is there..? Also, a fairly significant shake-out had to happen in the 141 area, so this sharp move down is not unexpected I think. I'm seeing this as the breather the bulls need for ...

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

Beer sounds good. I'm adding small positions as we go. Crazy? nah, I just trade small and add/remove as necessary. I'm not always right of course, but I did catch the last major upmove, with 5 in-profit positions. My thniking right now is ...

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

Long — I'm starting to buy again here. 139.57. Nice retrace is just what we needed. Will add as it may go lower.....

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

Well, we're in an area of strong resistance, 140.50 - 141.80. I was expecting price to stall below 141 and I'm not entirely convinced by more upmoves right now. I will trade long, but will be watching very closely. Long order at 141.75. If we break ...

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

1 hour ago we were hurtling towards 145.

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