Bit early for you isn't it? 4hr not turned bearish yet.

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

Small short here, very late entry though, so we'll see if this follows through. 127.60.

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

I'm still long. Don't see any reasons to short this yet.

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

A break now above 128 and we fly to 129. Need to see first how much resistance/distribution at 128 we get. Gradually falling volume last 4 hours, so smart money not playing yet.... I would expect some additional volume before this thing gets into ...

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

That's what I'm seeing too Piters. There's a chance this week's upmove could be one big bear flag from 136. If this thing does break north, I will be monitoring volume very carefully at resistance levels for signs of low/high vol ...

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

That's exactly what I mean. Thank you.

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

Crosshairs on MT4? — Unrelated to the discussion, but does anyone know if it's possible to show the mouse crosshairs on an MT4 chart? I'm used to Oanda, so miss not having them.

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

Another choppy day so far on the lower TFs. If in doubt, look at 1hr and 4hr and trade the same direction. My view is the big boys want more longs on the train before they derail it. We just have to be ready to jump off quickly....

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

Taken a small short but wil monitor closely. Think this thing will break the ltl for a run down. 126.66...... EDIT: Nope, didn't work. Closed -25 pips. There'll be others.....

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

At the moment, it's pretty much a break of the last low 126.30 ish. Are you familiar with trendlines? If so, bring up a 1hr chart and draw 2 trendlines showing the upward channel. (See Piters last post).

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

Looks to me like that sell from UK open was designed to get some sellers on board. The fact that it hasn't dropped more makes me think bullish even more. Let's see if the ltl holds first.....

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

I think the present 4hr candle holds the key for the moment. If it closes above the 50ema, then I would say more upside over the next day or so.

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

Thanks for the heads up. Am just trading what I see until it decides to change. I'll be out as soon as I see weakness. I just had a look at the 4hr RSX and although it's entering o/b territiry, I didn't think that was a firm indication of an ...

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

Am long now. Bullish flag broken on 15m. Gann broken on 1hr, 4hr ema50 tested again. etc. Looking for a pretty strong push up into Asia.... 126.60 has to clear first and there's 'traffic' around 129-130 region, but resumption of uptrend looks in ...

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

Hit resistance and reversed almost to the pip. Closed at 126.50

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

If i'm honest, I don't see any bull flags here. Slight hint of bear flags though... Still long. Is risky, but I think a push up is likely. If it tries and fails, I will be out immediately.

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

I'm long 126.02. Next resistance at 126.66 ish and bears will be looking at a possible H&S forming on the 15m TF, but ES has recovered some lost ground and Dow is rising steadily now. We'll see.....

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

Closed short +50.

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

I'm trying to post a pic showing VSA on GY.... Have attached file from my PC, but need to display....

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

This scares me. I need a disclaimer in my sig. I have too many losers to ever want to be followed.

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