Just a slight hint of a trend change on the lower TFs. Be careful if you're still long.

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

Closed longs at 123.45, bounced off first fibo extention. Now waiting.....

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

1hr retest of 50ema, QQE crossing 50 line. If it can break last resistance of 122.70 ish, then next stop is 123.60. I'm long btw.

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

Be careful. Short term trend is still up.

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

Well, you're one of the last paople I wish to upset here, so apologies.

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

I don't think so. Price has tested the 50ema in the last hour and not been rejected big. I would expect another test and break in the next hour. JMHO of course.

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

Indeed, I do. Oops.

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

Deleted.

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

It's purely up to you how you use it. It's a tool, nothing more or less. If you see price rise say 15 pips above the line, you may think that's enough. Have a play with it and see what you like. Different pairs and conditions will yield different ...

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

It doesn't really matter that much; it's just for indication purposes. I actually use a 14 wma. Sony - Yes if price candle closes below the MA, there are no trades long or short. We're in an uptrend remember, so you'd only be looking to go long on ...

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

For an indication of trend continuation, plot a ma14 on a 5m chart and only think about re-longing once price closes above it. Just a hint, not a trade plan.

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

I think a small long is worth a punt now with a third test of the 50ema on 15m. Gann in place on 5m and 15m charts and 15m QQE crossed. If the ema50 does not wield this time, then down hard I think. If this can maintain it's level above the lows, ...

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

Looks like sellers have stepped away for now. 121.10 a key level for the test of 15m ema50...

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

Sellers will be back in. This bounce does not indicate smart money for now.... As for BoJ intervention, they've been threatening this since last August, so we may be waiting.

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

Agree. There are no reasons to go long right now, unless you fancy a small punt based on PA.

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

I'm glad you said that. It seemed every trade I took this morning was immediately whipsawed. A pure 15m Gann Hi-Lo would have worked well though. Doh!

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

I can't be sure if you're simply being sarcastic, but I'll still answer seriously. Any volume information provided by a broker is largely specific to that broker, but provides an 'indication' of the kinds of relative volumes being traded at any ...

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

You can use the Vol ind supplied with MT4. (free). Or if you are serious then esignal is probably the way to go I think. I use the demo platform from brocotrader www.brocompany.com Thanks to Malcolmb for providing this info previously.

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

suspicious — This is all a bit suspicious if you ask me. Trending down pretty uniformly all day, following TA to the letter. Something is wrong. A brief look at the chart will have us all thinking that the previous low is imminent, but it ...

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

If you're using MT4, then: Insert-Indicators-Trend-Moving Average. Select Weighted instead of exponential and insert 15 in the value field.

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