ES and Ftfe-idx — Both holding up OK. Very risky shorting GY when ES is climbing.

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

Why.? — As sad as it is to see some of the experienced traders leave this thread, their analysis should not be considered a one way street. As well as the idiots, there are also too many freeloaders who offer nothing to the thread but suddenly ...

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

Hmmm — I could be mistaken here but as I understand it there are 23,000 more claims. The analysts forecast was for a further 41,000. Thus unemployment in the UK increases.

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

UK Employment Data — Came in at half median forecast. -23k as opposed to -41k concensus. Sterling should continue to rally. We're at the 50% fibo from last downmove, but I think we'll head towards the .62, (155 ish). Also some previous ...

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

It's OK — Thread is actually better now than 2 months ago; quiet, but better. Post what you see/think and thread will improve more.

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

London..? — There's always the London open in 25 mins. Decent risk/reward for long scalp.

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

Gann — I use Gann period 10. My Daily candle does not close for another hour or so.

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

Not necessarily.... — Following the crowd is for the most part a good idea. You just have to know when to get the hell out. Adaptability is the most important word in my trading vocab.

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

Well..... — ..... I told you there was more upside. lol. Seriously, ES has just gapped up which means 2 things IMHO: 1. We close the gap tonight before moving higher. OR 2. We continue higher and gap gets closed later on. Either way, gap gets ...

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

Hmmm — I see more upside. Daily ES chart. image Once the QQE on this baby crosses up, we could see the Yen crosses dragged >500 pips higher. Hovering around 900 which is expected. If she rejects, we go south hard. If she breaks, we jump ...

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

UP and Away — I was expecting a pullback here, but it does not look likely now. We're sitting at the 38% fibo from the last downmove, but ES wants to test 900 again, so bullish bias today for me. 4hr 50ema @ 152.44, next logical stop to ...

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

Daily — Chart should be self explanatory. I would expect this to play out before the Weekly divergence kicks in. This might also tally up with Piters timescales..? Chart. image

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

Not to me... — Volumes have not seemed any lighter this past 3 hours than we've previously seen at the same time of day. Current hour bar not yet closed, so too early to say whether this move up is on low volume. I'm not long btw, but the move ...

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

Newsflash: lol — UK gov't have confirmed that their stake in the failed banks RBS and Lloyds currently sits at -£10.9 Billion. Go long here at your peril. Also, there was a gap down on the FTSE100 at the open which has now been filled.

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

Watch ES — Daily ES chart. Holds the key for Yen crosses this week. Currently testing last week's low. White line should be strong support, but if we stay below, then mini tank could be possible. image GY is bearish all day for me.

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

Hmmmm — To be fair, there is some bullish hidden divergence forming on the Daily, but as long as price is falling, it's validation has to be questioned. Chart... image Also worth noting that CCI looks set to cross from oversold. (-200).

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

Yep — I think 4hr divergence looks more likely to play out than the Daily, especially with the bearish divergence on the Weekly. We'll see....

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

What about the next 4hr bar?

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

Yep, looking at the same trendline. The nature of the fall 2 days ago leads me to believe that we will at least revisit <148 sometime soon. ES dropped overnight again and right now a mini battle taking place at 151, so let's see how it ...

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

Thanks — OK, thanks.

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