Where now? — Maybe there might be a chance that it will resume the bear trend if it can breakout past the pivot? However if it goes up much more then even the 4h bear trend is compromised.. Let's see.. it could go either way.. it certainly had ...

Daily GBP/JPY analysis

dow etc — I get them from here... url any use?

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

Fundamental insights / input — I really appreciate the insights from these inputs. I've heard that August is generally a yen buying month.. does this have anything to do with the holidays and risk aversion? I guess if you are going away and ...

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

Lining up for a nice bear run? — Looks like price has retraced back up to the 38 fib of the last bear move.. bouncing off there.. The indicators are looking like they could line up for a nice bear run in a few hours? 4h looks like it is ...

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

It's a reversal formation pattern. Take a look back thru the thread there are many links to basic chart reading techniques and patterns. However.. remember.. none of them provide sure things.. they are just pointers that need to be confirmed.. Think ...

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

i hope you are right because going long isn't an option for me at the moment. looks like a breakout back down.. just need confirmation..

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

short entry? — the 4h strength is pointing up.. the 1h has crossed over to bull and is pointing up.. the 30m strength indicatore is touching the 50 line looking like it's going to cross.. it doesn't sound like the best time to get into a short ...

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

I guess it is being driven by a number of things.. but i can't see a real clear direction up or down at the moment. I think the Dow has been going up so maybe that is having an influence? I think we need a clear 1h candle forming below the pivot ...

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

crossing strength indicator — It has to be crossed at the close of the bar? The reason i ask is i had a situation where the 4h crossed mid bar and then changed its mind by the end of the bar.. I think the bar should close.. let me know if i'm ...

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

going long — Up to you of course, but it might not retrace... it may just cross over and form below the current resistance... I'd be scared to take a long here.. but I'm sure there are others who know better and have more bottle for this sort ...

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

vt trader alerts — I hope this is not off piste... I'm new to vt trader and i was looking for a way to set an alert for the cross on the strength indicator. I know how to do a price based alert but i can't see that there is a way to put an ...

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

time for short — Price is just trying to get through my pivot point resistance. (Mine start from midnight gmt) I think i will wait for it to form below there before coming in again.. or wait for it to retrace to 4h 5 sma?

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

nobody really knows yet — I live in UK and the floods in the Midlands must have had some effect on the manufacturing... maybe that is already written in.. Also, now we have an outbreak of foot and mouth... that can't be good for confidence... ...

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

Good luck! Rather you than me.

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

check out the strategy thread — Auslanco has started a strategy thread which goes into the system clearly. It is the 1H time frame that you generally look at for judging your entry. Have a look through that thread, I know things can seem ...

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

bear day at the races — Sounds like it could be a bear day... (Although if it wasn't for the non-farms i think i would be looking to see if it went long to hit the 38 daily fib retrace before going down again.. Anyways... Sadly, (or gladly), ...

Daily GBP/JPY analysis

Where next? — The weekly trend is clearly still up. In fact the current move has just bounced off the weekly 30 sma so there are signs it could be returning to the upside. There is a view that August is generally a Yen month.. which could mean ...

Daily GBP/JPY analysis

retrace — retracing to 24200 perhaps? then time to enter again maybe?

Daily GBP/JPY analysis

a bit of a gamble i guess.. — Yes, you are probably right.. i should have waited for it to make new highs to go in... Anyway. I'm there and i'll put another lot in if it breaks the high.. Do you think it's going the other way? If you do then i ...

Daily GBP/JPY analysis

Gone long now.. — I've jumped in long at 24174 stop 24085 target 24330 I'm not going to touch it now. Let it win or lose... (but pls let it win!) Hehe.. i love this!

Daily GBP/JPY analysis