short term tonight — my short term look is if we breakthrough the 38.2 fib (155.9), the 50 fib from the last up move since 147 is at 155.12. That looks like good support. What happens there if it gets there, havent looked at yet. Waiting for ...

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

Hey Raza, weekend good so far? Did you find a broker in the UK for VT or are you going to try something else?

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

yep good point. my weekly looks like it starts on Sunday 8/9. At least thats what the candle says

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

And while we're at it.. Some other pieces of the puzzle are the U/Y and G/U both on some form of support. which ones will break through?

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

I hear ya. 158 for a close today is not in the cards for sure. I think one of the most glaring bearish signs of course is the weekly chart with what will be bearish engulfing i na matter of an hour or so, but a lot can happen in a week. No trades ...

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

Agree with you Raza. 1. Possible double bottom 2. 4hr RSI on my chart is looking like its trying to set up some bullish divergence 3. Stoch is under 30 and trying to turn up on all TF but 15min (I use this along with my Better Volume Indi) 4. 156 ...

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

closed my shorts at 156.07. will see what develops now

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

not done yet

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

Valid point for sure. Nothing is as it seems or as it should be these days so nothing would surprise me anymore. Actually if my memory serves me correctly, double bottoms or tops are only valid if the price moves back to at least the peak or trough ...

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

shhh, dont tell your secrets. Took me 3 years to discover that.

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

patience pills needed. It'll get there

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

Unless this does something weird and unexpected, Ill be playing this move through the London close. And G/Y never does anything weird and unexpected does it.

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

These days there's always a chance. Especially if we see a double bottom here. It has yet to complete the move up to the 50 Fib at 167. A double bottom would make it more interesting for sure

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

slowing up at the weekly S2 with 38.2 fib just below that. Has more room to go on all TF's except 5min

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

must be gravity

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

looking pretty determined to break through the 157 level.

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

Still thinking we'll see 155.9 (38.2 Fib) before any significant up move. Still short from above referenced position. The 5 min is indicating another flag of sorts and that extension brings us down to the same point.....if PA can ever get moving ...

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

Thank you Fudomyo for the helpful response. Im trying to find something that works in conjunction with the "Better Volume" indi for better confirmation of a move. Been playing with stochastcs oscillator and a few others.

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

Thanks for the link. Its in Japanese so have to find the english version. I read about the Hilbert Sine Wave while I was read about the application of the "Better Volume" inidcator. The author uses the HS wave indi in conjunction with the Better ...

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

Hilbert Sine Wave — Wanted to ask before everybody leaves the building again if anyone has or knows where to find a "Hilbert Sine Wave" indicator for MT4. Been looking for one but so far have been unsuccessful in locating it. Id appreciate it ...

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