UK Revised GDP — Pretty spectacular considering...... Should be Sterling +ve. Let's see..... Edit: Just added a third GY long @ 136.31. Average price now 136.54.

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

Important — We just may be seeing the most important period of the trading day. If price can stay above 136, with a good/spectacular UK GDP number, we could see significant upside. 138 ish? Can't help but agree with Raza though in saying bears ...

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

One more dip.. — I fancy PA to pierce the 618 fibo first. Sucker in some more shorts and then kapow. Let's see.

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

Yep, if we don't bounce here, we really are in trouble.

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

Long — Added a second small long @ 136.11. Average price - 136.69. Bullish divergences on all TFs up to Weekly. A retrace will happen, just need decent MM until then.

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

Closed — Closed all GY shorts now. Now in wait and see mode...... Entered first tiny long @ 137.27. Looking to scale in......

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

135.73 — Key fibo 62.8% level approaching. Sits at 135.73. I suspect the big players will stop the rot before we get there......

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

Not for me... — Looks to me like bears have simply stepped back until an easier opportunity to break support presents itself. Volumes have been low since helicopter Ben spoke, yet the upmove is non-existent. We also need to factor the strength ...

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

140 — OK, this is pretty complex, but it's a method that has proven 100% successful so far..... It's all about divergence. See the following chart. yellow trendlines indicate bullish divergence. This bullish divergence has not played out yet. ...

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

Trading right now.. — Not sure ANY trade is a good idea right now, but if I was going to take a trade, it would be a long scalp with a tight SL. Every man and his dog are short, every man and his dog expect 138.20 to be broken. All the big ...

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

ha ha ha — Well the heavy bearish divergence I was banging on about last week has pretty much played out now. Closed all AY shorts after much frowning and head scratching. lol Not saying I don't see more downside, but we may consolidate higher ...

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

Flags — Typically a flag has to occur as part of a bigger trend. A valid bull flag would need to occur as part of a bull run and vice versa. We are just breaking south from a bigger bear flag. That's how I play it anyway...

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

REmobile phone alerts — Not afiliated with this company in any way, but I do use them and they have been really good so far.... www.mobile4x.com Set up a free account. Create alerts. Will send sms messages to mobile phones when price target ...

HA T3-1 System

Thank you — Thanks for this. I guess the problem I have right now is I can see no clear case for either bullish or bearish. The overall trend has been down since 163, (or 250), but there was quite significant buying volume at 138.20-50 and ...

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

anomoly — Yea, AY is the anomoly for me right now. Ordinarily, for the Yen pairs to fall significantly, they ALL have to take a tumble at the same time. AY has been as solid as a rock despite the charts screaming short. I haven't looked at the ...

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

Quecee — I'd be very interested to see what you're seeing on the Weekly and Monthly charts.. Test of 5sma on Weekly failed? I'm not trusting this week's upmoves, but the rapid buying off support levels makes me nervous of shorts. ...

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

AussieYen — AY has proved to be somewhat of an inigma for me this week. We seem to be forming bearish divergence on top on bearish divergence, yet still she gets bought. When it looked like a proper retracement was in place, she sharply ...

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

yea — Yea, this news was on the wires last night. Dollar rallied while other Yen pairs fell.

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

EW — I would be very interested to see your count on a chart.

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

Hmmm — I don't mind admitting this move up has me stumped. Seems obvious bouncing off the LTL, but the sharp nature of the 180 confuses me. Yet more bearish divergence forming on AY again. If I didn't know better, I would suspect this upmove ...

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