***i do not see any signs of accumulation going on up there and it never takes place after substantial rises. i think we just have been hit sideways due to partial profittaking and remaining shorts on previous selloff area 135. a breather. ...

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

There's also resistance at 136.15 ish. Look across your hour TF and you will see what I mean.

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

Long again @ 135.04. I think some more accumulation is happening maybe..? Next resistance 136.15 ish...

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

Taken a tiny short for retrace. very risky, but i'll cut as soon as it's looking bad. Nope, cut it. No sellers at the moment.

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

Shooting star..? — Look now at 15m chart. A shooting star could be forming and if volume is lower than last few bars, then a short retracement could be in play.

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

You can try it out by downloading brocotrader. It's MT4, but will allow you to add their own volume. Good for practising I'd have thought.

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

Long again 134.83...

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

Maybe, but in my experience divergencies are like a secondary signal, not a primary one. We'd go broke very quickly if we placed all our faith on diverg when markets are moving this far this quickly. My untrained VSA eye says no shorts yet.

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

Closed all longs now. Waiting now for further upside info....

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

I've added a small long @ 133.68 based on 5m and 15m VSA.

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

4hr 50ema — The 4hr TF wants to revisit the 50ema line. We'll see if it crosses back. If it doesn't, we're in for further upside.

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

Yea, I totally understand that a larger audience can distract. I guess we're all trying to glean as much as quickly as we can. Enjoying all your posts though.

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

Off Topic.... kind of. — Sorry, this has probably been discussed here before, (but not in last 50 pages, lol), but is there a group room where we can chat and discuss VSA in real time? If not, is anyone interested in doing this to share ideas ...

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

To save you time, you could read the last 50 pages of the thread. Everything you should need is there. You need to analyse volume and MT4 should have that. You'll need to study Volume Spread Analysis, VSA. Download ebook Master The Markets from here ...

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

Now, unless the smart money decides to accumulate again, we're massively bearish on GY now.

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

To my untrained eye, 15m GY has given a few opportunities today.

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

129.50-60 looks like it could be a good accumulation area if it gets there. Below that and we hit today's low I think.

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

Although I didn't fully catch this down move, VSA got me out near the top. Woohoo!!

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

Low volume so far on 15m down candle. Looks like it could be up from here...? But this level represents resistance and ema50 on 1hr chrt being kissed.

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

Makes me think even more that smart money is at work here. Buy a little, let the sellers sell, buy some more. I wouldn't be surprised to see a sharp sell-off back to near support, then it starts again.

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