80 pip gap — Oanda charts show an 80 pip gap up from the open. Currently nearer 60 pips. 145.22.

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

Thanks — Thanks for your insight. Like I said, i'm no EW follower, just thought each scenario was interesting. I think Pandora has a similar view to this scenario where we started W1 at 118. You mentioned Wave 3 would normally not be that ...

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

Not to me — The 2 big downbars are both low volume. Other later bars have increased volume indicating some buying taking place, but the 2 downbars were 'uncontested'. We've now today had some stopping volume, (buyers), at 145, so we'll soon ...

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

Here's the confusion — I've been jumping in and out of the sharp moves down, but i've been confused by the PA. Here's why. Attached a 4hr chart showing steadily declining volume since last Friday. Last Friday's volume looked very much like ...

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

EW charts — Two EW charts I made. I am in no way an EW officianado, but they're interesting I think. image image Preparing myself for the flames.. lol

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

A few thoughts — Still a bit confused by GY right now, so I thought i'd share what I see right now. 146.15 represents an important action area. Some bull/bear PA has already fought over this area and it also sits conveniently at the 38% fibo ...

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

Maybe — Hmmm, buy the news, sell the rumour? I'm not sure Obama will be penalising the likes of Goldman's. I wouldn't mind betting that we'll retrace this entire move. Let's see....

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

hmmmm — Not a huge amount of volume in this sell-off. Means one of two things: There are no buyers. There are no buyers. Hope that is clear.

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

Hmmmm — I've been trading for a few years now and this past week is the strangest PA I've seen. On the surface of it, we have been 'playing' the channel/wedge, but the amount of mini and not so mini shakeouts has been staggering. I'm sure ...

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

Yen Strength — Upside potential for GY limited while the other Yen pairs are still getting hammered I think.

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

m'kay... — So would that mean you use different fib sequence numbers for different TFs?

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

Grashid — 4 charts for you. Both 4hr and Daily look very bearish, but a pullback to the 5sma looks likely. Also attached 2 charts showing bullish divergence building on both the 4hr and Daily. image image image image Might mean more to ...

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

and again..... — OK, looks like we've had the predictable moves for today and it's back to playing silly buggers. lol Neither bullish or bearish right now. Decided to step back from yesterday's noise.

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

Que? lol — Really showing my ignorance now, but what relation do the fib numbers have with the Gann setting?

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

Gann setting..? — tbf, i'm seeing the same thing. I have my Gann set to period 10 on all TFs. I assume from what Q is saying, this is incorrect for the larger TFs..? Anyone know what the higher TF Gann setting should be? Edit: Just seen Q's ...

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

thank you — Great. Thanks for the response.

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

OK, thanks. I need to go away and do some reading.

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

Thanks — Of course, yes thanks. Could there be the possibility we are on W3 then? I won't clog up this thread with any more newbie stuff btw.

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

EW for GY — Anyone care to comment on this scenario..? I am not an EW trader btw, just learning. Chart image

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

Thank you — Brilliant. Thanks a lot.

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