Yes, but then you'd be a day swing trader, not a scalper.

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

Not always, no. The volume you see is stopping volume. A low volume test is typically seen on a mark-up/down at the end of a move, where a test spike into new territory is made. None of this means we'll not go lower today, just that there were ...

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

Buyers — There were buyers indicated by the elipse. Chart. image Can't guess how much upside there is, but I think a push above 155 is likely.

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

lol — Yep, sub prime anyone..? lol

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

ES — If ES climbs to today's high, I will long a small position.

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

Not yet... — Not time yet to get over excited about the bear story. AY hasn't dropped off as much as GY and ES is still pretty strong. ES needs to crash a bit before GY longs are totally off the table. Flat at the moment, but am more inclined ...

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

Closed — Closed short for +28 pips. Might be too early, but ES movement at open looks bullish.

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

Holding.... — .....my short for now. Looks like interested sellers on GY, so will let it run. Set s/l to b/e +5.

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

Short — Taken a small short here for a scalp. Tight stop.

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

Psycho-babble — Hmmmm, bear with me on this, just thinking aloud. Let's just say for 1 sec you were a big money mover in this market. What would you be inclined to do here? i, Push the buy button to break higher? ii, Wait for every man and his ...

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

lol — Those poor poor newbies.

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

lol — Schadenfreude will bite you.

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

ha ha — 49 members and 70 guests.!! Think they're all waiting for Quecee.

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

Not convinced... — ... by short trade just yet. Looks to me like a simple London shakeout before the march north. Classic case of buying the dips until proven otherwise. And here's a 15m chart showing buyers on the dip. image

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

I saw it.... — Yes, I saw it, but it had already played out by the time I posted the bullish diverg.

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

Not exactly.... — Raza is correct. Bullish divergence on 15m TF. It's within a larger range, but is there nonetheless. Chart. image

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

hmmmm — Hmmm, okey-dokey then.

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

glass houses>stones etc. — Didn't you get annoyed earlier when the bears were having fun? lol

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

Options expiry — Not much response from these expiries today then..?

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

Don't fight it... — Not gunna fight this. Am long.

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