yep — Yep. Will need to keep the faith though. Seems a determination to close the gap and we're not quite as O/B as I would like, but entered another short position @ 140.86 and will add up to 142. Blue rectangle on the oscillator ...

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

well — Tbf to him though, as annoying as his clutter posts were, his call was correct. And now he has stated his roadmap for the coming weeks too. I'm not in favour of bannings or suspensions tbh. That's the FF mods job, not ours. A Report ...

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

Closed long scalp — Had another look at the bullish diverg play-out area and it sits at around 140.25. Closed long for +60. We may move higher from here to perhaps close the gap, but don't want to risk anything before NY starts to trade.

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

However.....lol — The Daily suggests that after a retracement, there's further downside likely. image

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

Bullish Divergence — Chart as promised. Very O/S too. A return to 140.5 represents a reasonable play-out area for this TF. image Took a small long in a sub account and will build a position as long as the bullish divergences allow. (139.59)

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

Closed some shorts — OK, what a nice move from the open. There are some bullish divergences starting to build now, (Chart to follow), so I closed some of my short position here. (139.5). Gap could get closed this week, or it ...

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

I'm doing good up here. Going back to meet some mates next week, (and an Alarm gig, lol). My reasoning for gap maybe not getting filled? Simple; I can't imagine anyone who would want to potentially catch a falling knife. Normal market movements, I ...

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

yep — Yes, and there are a million and one gamblers.....sorry traders who will be going long expecting this gap to close today. I won't be one of them.

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

OK — ...here is the 64 million dollar question: How many big players will be long from here? Some higher volume this past hour tells me that some pretty heavy bids have been hit on the way down. Wonder just how strong these bids are..?

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

Devils advocate.... lol — Mush said a few things this week, (well actually, more then a few things, but i'll concentrate on the main ones): GY will not break 145. GY will fall heavily from there. There will be big news on Friday. There will be ...

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

wow — Yet I can't remember what I had for dinner. I have done some reading on JPM previously after the Bear carve-up. One of the guys on the forums over at Oanda summed JPM up perfectly; "The day JPM get in trouble, people will be ...

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

FAO Piters — Piters - Was it you who said something months ago about potential problems coming for Goldman regarding fraud? I do remember reading it here, but can't exactly remember who said it. Must have been over 6 months ago.

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

hey — Hi ya. Nothing much doing at the moment. We're kissing the LTL of the triangle at the moment, so am in wait and see mode. UY may hold the key this afternoon in US session. Some big orders at 92.5 apparently, so will take some effort to ...

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

no probs — The point I was making was that at the time he stated the bullish divergence in his post, the price had already retraced to the yellow line/box area. This, in my view was the play-out area. Thus no 'active' bullish divergence. You ...

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

careful — Yes, it's been a pretty big move, but there's nothing to say we stop here. I think continuation rather than full retrace, but we'll soon know.

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

here it is — No need for an apology. lol Here's a chart indicating how I read divergences. White lines indicate the bullish divergence, that is correct. BUT the price then retraced to a level where the divergence line would have been drawn ...

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

hi — Some pretty significant bearish divergence that needs to play out on Dow and S&P. ES for example has bearish divergence which could take it back below 1000. The million $ question is when?

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

already done — Look at where the price retraced to and draw a line from your original divergence point. It can be considered played out IMO. Not saying it won't retrace more, only that the divergence is no longer valid.

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

also... — Also talk of large bids on UY being parked in the 90 region. We're currently at 93. This will drag other Yen pairs with it if sentiment is to take us there. EDIT: I think it was a typo. Should have read 92.7 region. Source forexlive

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

Last 2-3 weeks. — I've never seen such strange PA since I started trading. The amount of 100% retracements has been staggering...... and very very manipulative.

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