Yep — Patience. I think we're in for a major rally on stocks and the Dollar. GY not the best trade right now. Dollar positive trades are the way to go I think.

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

GDP — Looks like the US GDP figure will be a slow burner. +5.7% should have the Dollar shooting up. Am short GU, long GY and long AY.

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

QQE — It's a standard part of the QQE indi that I use. Open the properties of your QQE and open the 'Colours' tab. Then make sure that the colours are different to your background colour. file Here's the one I use.

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

Sure — The two white lines. Particularly the MACD one. Is now aligned with the PA direction. The bullish divergence was last night. Chart. image

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

Not to me — Your markings are not taking into consideration the current position of the MACD. As of right now, the MACD is above it's previous level. ie, it's played out. I wouldn't go long based on a bullish divergence which is not there ...

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

Not so sure — If you look at the current position on the MACD in relation to the price bars, it could be argued that the bullish divergence is no longer valid. Not saying we won't go up from here, but I wouldn't go long based on that. Chart ...

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

Closed — Closed this long +60. Reasons for longing it have now played out. I agree with pk, bears not entirely done I suspect.

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

lol — Based on your chart, no signal. My 1hr chart is telling me to start building a long position. RSI o/s and bullish divergence. If we continue to fall, it's fine; my entries are rarely surgical procedures. image

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

crazy huh? — Just entered first long @ 144.91. Easy does it and will add....

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

yea — Yea, just grabbing some green pips when they appear. I made a collosal mistake 2 weeks ago and didn't cash a great trade. this market/pair not great for swings i've found. 4hr bearish divergence currently playing out, but 1hr showing ...

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

Close short — Closed short on news spike. +75.

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

Thanks, yea, more upside potential for sure, but the r/r for a small short right now is good I think. Order moved up to 146.86. Edit: Order moved again to .95. HIT. Let's see what happens. 147 is a crucial area btw. Plenty of previous S+R action ...

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

Sure — Bearish divergence on 1hr. image

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

short order..... — Short limit placed at 146.67. Will move it higher if we continue moving away from it. Strong bearish divergence forming on the 30m and 1hr TFs. Will add if we go higher...

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

2 charts for you — 2 charts for you. 1hr TF, showing just a hint of bearish divergence, but this isn't confirmed yet. RSI pierced the 70 line. Earlier bullish divergence on the 4hr TF, still in play..... image 30m chart from today suggests ...

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

Long — Just gone long @ 144.80. Will hold and hedge if i'm wrong, so if this draws down, I am OK with it.

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

not so fast — Fear not longs. Still many reasons to be long. Nice bullish divergence on 15m TF. Let's see if the RSI bounces off the 30 line.

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

lol — Rgitt? Come out to play when price is rising? Don't talk crazy. He'll be back when it tanks.

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

Early, but.... — 15m chart tells me there needs to be a retrace soon. bearish divergence forming and RSI o/s.

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

don't take too seriously — It was not a particularly serious point they were making, but 70% of the time on Fed Rate Day, (today), stocks close up and Dollar down.

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