liteforex? — I downloaded their MT4 platform and couldn't see any indices or LFX reference. Do they still provide it?

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

thumbup — Yep, fair enough Gucc, great call yesterday even if I don't get how you came to those targets.

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

Hmmmm — Been a strange week PA wise for me. Had to firefight more than I normally would. Am watching the 5m TF on both AY and GY and every mini drop is being bought at the moment.If bears want to take this lower today, some selling effort is ...

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

yep — Yep. well spotted.

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

Balls of steel lol — Have been placing small long trades on AY and GY on the way down. Will add more as required.

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

lol — You think saying 'we're looking good for 147.35' is helpful when price has fallen less than 20 pips? And then drawing an invalid trend line to back your claim? Just trying to help you that's all. (No one has said you're wrong btw).

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

I agree — No, I agree with your analysis. But, here is the bullish diverg building... Chart image If price continues to fall below 149, it will be invalidated.

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

Well..... — Funnily enough, I see some bullish divergence towards the end of that chart.

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

lol — I'm not sure you're going to get anywhere with this Don. Drawing lines like that will result in no breakouts.......ever. lol.

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

Yep — Yep, a mini breakout i'd say. I'm looking more at the fibs and Resistance lines though. We'll see what the US is made of today, but if they continue with Dollar positive sentiment, then GY will be dragged up IMO, not down. We'll see. ...

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

yep. I'm with ya —

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

lol — Are you trying to convince everyone else or just yourself.? lol I'm seeing supply being mopped up at the moment, so to say we're looking good for 147.35 is pretty funny right now.

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

why? — Not sure why this is true considering we've already seen a substantial shakeout of longs and re-buying at lower levels. The climb back up was not as rapid as the fall either which tells me supply was coming into the market and being ...

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

Unfortunately, this is more true than any explanation we may be given publically and it makes sense. Sharp currency fluctuations are not easy for the markets to manage. Think about 100000 Chinese millionaires trading their fortunes speculating ...

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

10:1 — We should be under no illusions here; this new idea is not designed to save us from ourselves. It's simply another way of the big players controlling how much money retail is responsible for. Bit stupid too unless they can convince ...

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

Daily candle — Will be very important to see where the Daily candle closes. As Ewokuk pointed out, we're currently looking at a bullish engulfing candle, but the move up was so rapid, some retracement back down is inevitable IMO. But, such a ...

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

worth noting..... — Worth noting that we're back above the Daily LTL and if GY can creep, (and stay) above 148.20, we are back in range I think. Just closed my GY long from yesterday for +56, which probably reflects the confidence I have in ...

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

Longs — Added another AY long and my first GY long. Risky, but will cut quick if we drop support hard. Let's see...

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

also — Don't forget the weak Aussie and USD too. If they fall in tandem, GY becomes weak too. Sterling strength is mystifying atm.

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

Careful — The one time you ditch your strategy is the one time it will bite you. GY long does not look convincing to me yet. Sure there are buyers, but there is considerable selling too.

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