Hmmmm ? — Not trusting this PA at all. I smell a trap.

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

The perceived wisdom is that in order to help Japanese exports the Yen will have to be weakened. (There is also a notion that a weak currency gives a better base from which to come out of recession). Thus BoJ intervention in the form of flooding ...

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

Buyers stepping in at 130.50. Last 3 bars on 15m TF have long lower pins. I still think gap will get filled. Holding small long.....

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

Thanks Karmo.

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

I've taken a small long for 100 pips. I think we're too close for the gap not to be filled now. We'll see......

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

QQE + Gann HiLo Question — This is for anyone know actively trades the QQE + Gann system. Can the same basic rules be applied to the Weekly and Daily TFs? I've been looking at these TFs also and have noticed the Weekly looks primed for a ...

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

Be careful. Lloyds Bank has dropped 20% within minutes of the open. Any hint of nationalisation will send Sterling plunging. I will not be long GY for now.

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

No Gap — No gap for me. Oanda opened exactly where it closed on Friday. Markets are open, so any gaps created before other brokers open are artificial. Just in case you wonder if it doesn't get filled.

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

Lloyds — Been all over UK news this weekend about possible nationalisation of Lloyds. Darling refuses to rule this out which means he's seriously thinking about it. These stories have a habit of being leaked prior to it actually happening. If ...

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

I was thinking this too. After last night's bullish close, I would think US market sentiment will continue it's bullishness today. Next hour will give us a good indication of day's direction. EDIT: Am long from 133.04. If we test previous high, i'll ...

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

My 1hr Gann sits at 130.50 currently.

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

Sure. Dow and S&P pretty much flat since close yesterday. Dow - 7930, S&P - 835.75

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

50% fib retracement from last downmove hit. Price may hang around here for a while, but all TFs looking bullish. 4hr QQE approaching 50 line up at steep angle. Testing 200ema to upside. 1hr in established uptrend, as is 15m. 5m QQE looking to cross ...

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

You will need to reload your original templete. I tried this indi and also couldn't remove it by conventional means. Spooked me, so I started over.

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

Sterling futures still looks weak to me. This is another BS bounce IMO.

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

Laughable isn't it? ES rallies 10 mins into the last hour. I'll be shorting this as soon as it slows.....

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

Closed last long at b/e +1. Not liking the PA right now. Looking at Dow and ES, I smell a bullsh1t bounce.

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

Small long limit order at 128.51. Quick bounce from 128.05 looked like buyers want to push this up. Probably just a scalp....

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

Took another short at 128.51, already holding short from 128.01. Sellers still in control IMO. 5m Gann about to flip and 15m Laguerre heading sharply down. May not play out longer term, but we'll see.....

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

Yep, there's obviously some interest in keeping price above 127.50, (last 3 15m candles). We'll see if the sellers are more determned though...

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