Spread it..? — They would have spread their exposure wouldn't they? If they're selling Swissy, then higher yielding currencies would be favourites? Aussie? Kiwi?

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

Honestly.... — I must be honest, I have not been able to read GY at all well this week. Divergences haven't played out as I expected and the PA has been spastic. So, I do what I always do when my view is clouded, revert to Gann + QQE. image ...

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

Interesting time..... — ES testing 900 again, while GY falls. ES has to follow GY down if we're to see tankage IMO. Short term bias on GY is still long for me.

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

As important.... — Mervyn King talking to the commons select committee at 2.30pm BST. He has a remarkable habit of causing Sterling to weaken whenever he speaks.

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

Ignore fractals — Ignore the fractals; they are not important to what my chart was showing. I have been looking at them and left them on the chart.

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

Pic — Tells a thousand words..... image

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

R2 and Weekly PP — are sitting around 159.50 ish..... Weekly open at 158.80 ish...... 82% fibo from last downmove at 158.30. Next stop 158.30........ then i'll play it by ear.

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

Spamformative. lol — Spamformative. I like. Looking at the 15m, dare I say it, there are clear signs of accumulation throughout the last 16 hours or so. A test of the Weekly open certainly looks on the cards.

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

That's a good shout. Last 4hr vol was lower than previous days. ES has been falling steadily and should open lower, but appetite to sell Sterling is not rampant. Like I said, careful shorts....

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

Read my chart, it's the same as yours. (yellow lines). It's as accurate as it needs to be. btw, be careful using CCI for divergences. You will often get faked-out if you rely on CCI alone.

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

Erm.... — I think the chart I posted is clear enough isn't it? 2 yellow lines showing HBullD. Sure, it hasn't played out yet, but that does not mean it's not there. ES is pulling the Yen crosses lower atm and we won't see GY climb until ES ...

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

Bullish.... — Hidden Bullish Divergence on 1hr TF not played out yet. I think a pop up is on the cards. Careful shorting here. image

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

Agreed — Am on the same page. I still have a long scalp on the table for a push up to 160.40..... And if this plays out fully, we could see sub 150...... image

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

Million $ Question — Hmmm, not quite I suspect. Everyone seeing H&S? Overbought? Bearish Divergence? OK, let's pop this thing up for a double top. S&P futures up too..... EDIT: Just seen your other post.

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

Sticking around — The longer we hover around the 155.50-80 level, the more the likelihood of a rapid pop up. I have a short order below the low and will be watching the PA+Vol for a good long scalp opp.

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

useless.... — [quote=malcolmb14;2812087] Come on Mal. Get wit da progra'

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

lol — You're great. You're my hero.

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

Sorry to hear that. Always a good idea to take some money off the table IMO. It makes your s/l getting hit easier to take.

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

sure — sure, here you go. 1hr TF image

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

Gann + QQE — Whenever I#m having trouble predicting PA, I revert back to good old Gann + QQE. 4hr and 1hr just turned bullish and 50ema and 200ema on 1hr TF being tested. Shorts on the shelf for now.

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