Volume Still Steady... — Looks like volume has remained pretty steady on this pair. A look at the 1hr chart will show good volume on both up and down bars near 126.50 support. Anyone have a view on this? Accumulation? I can't imagine there are ...

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

Small long here. Looking for 5m ema50 to break. I'll cut as soon as it looks like a failure....

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

There are no buyers of this car crash right now. At this rate 120 before the end of the day seems possible....

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

Testing..? — Some testing of the 127.50 level happening it seems. 4 tests and counting. Accumulation maybe? We'll soon know.....

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

Not sure if VSA analysis is still welcome today....? But The 2 previous up bars on 5m chart show increased volume. Now the next 2 down bars are showing reduced volume. Is this a sign of accumulation..? (Buyers step in, wait, market drifts slightly ...

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

Higher UP volume in the last 10 mins and reasonable spread too. Let's see if this wants to crack the 50ema on the 5m. Maybe even have a crack at the 1hr 50ema too. Still long....

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

[quote=Petefaders;2477589]Maybe it's a timing issue. My next 4hr candle closes in 1hr, 15 mins. Yea, that'll be it. Mine closes in 3.10 mins.

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

Hmmm, interesting. My 4hr lower wicks are less than 20%, probably less than 15%. What charting do you use? I'm using Tradestation, who are not that great. Anyone else see 60%? Or 15%?

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

Good luck. I hope you win..... Oh wait......

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

Wouldn't you say that the size of those pins is reflective of it's spread size? (Bar the middle one). I'm not candlestick expert, but the first and third look 'normal' to me..?

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

Cup of tea — Time for a cuppa. Market lacking direction for now. Well, the gap was indeed filled and everyone made money I hope..? Absolutely dire news from the UK this morning so I think Sterling will undoubtably go up. Seriously ...

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

Let's see what 133.50 brings us. Accumulation maybe.? If not, we'll see sub 130 again I think.

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

The million dollar question is when will this gap be filled. I agree, it will be filled, but I'm not so sure it will be tonight. Come on to 137 baby!! lol I do have a limit short set @ 134.94 though.

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

OK, 15m TF 50ema kissed and reversed. Looking for a second cross and shorts will continue.

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

Closed shorts. I did not like the PA. Was taking too long to go down and any selling was met with buyers.

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

Yes, cheers. Bit of a battle going on at the moment.

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

Short again now...

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

Accumulation and Distribution. Accumulation - buying, Dist - Selling Also, have a look at the 1hr TF, last bar was dogi on reasonable volume. This bar is down bar so far. Would indicate selling.

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

Out of my shorts. Market looking for direction and sellers have not stepped in yet.

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

Short from 135.41. Bit early perhaps, but we'll see what happens...

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