Well that's the idea whether short term traders buying, and people covering shorts, slowly moving it up, allowing for big sellers and volume to take it back down at a higher price.

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

so a 200 pip move during lunch with no pullback? lol

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

Thanks, at first I thought that was huge volume, but looking at the previous chart you showed, it's really not as much, half at most.

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

What kind of volume we seeing here, real volume or fake-out.

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

Let's see if that range from yesterday acts like a resistance here.

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

I don't know, have you looked at the daily,

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

Thanks, maybe I'll come back in a little bit to see what's going on, see ya!

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

I keep forgetting, who has those volume charts, always enjoy looking at them and pretending I know what's going on

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

Short term lower Malcolmb, at least that's what I'm seeing looking at the 15/30 minute, although a movement in the upward direction could easily erase that view. Gotta love forex

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

Good to know someone is with me lol. I'm done with class, I got a 20 minute drive home, hopefully it down under 129 lol, BRB!!

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

looks bearish to me pki.

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

broke that minor support on the 5min, but seems to be no volume.

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

Malcolmb, can you post a 15min with RSX. I put it up on my MT4, just want to compare it with yours. Shows a curve down, looks like a pullback is coming.

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

Agreed, I'm short at 129.70, I could take profits here, but I want to see a move. Even a 50% retrace of the large candle, that's all I'm asking for haha

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

Just a minor thing I noticed with that chart and the Gann line. It seems like the trend tests it a few times before breaking it, this would be the first attempt at breaking it. We'll see.

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

Forming doji on the hour.

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

Class time, see you guys in Tokyo!

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

I;m with you, and have a short at 129.7 No idea where it's going lol, but we'll see, if anything we should see a slow drift down, I don't expect too much more buying.

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

I'm dissapointed Jeb, I was short near the top, and instead of keeping my TP at 127.5 and walking away, I sat here and watched, and sold as soon as it turned profitable. I closed at 129, how sad. I need to be patient, I knew the move down was coming.

Daily GBP/JPY analysis

Great analogy lol my TP would have hit just now. Great, just f'n great!

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