i think this is about to reverse and come back down, looks like a lot of selling volume to me

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

gj already up 50 pips in early interbank trade im not surprised its not clear with 500 squiggly lines all over the chart

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

here be s+p daily which has a major effect on GJ. look at the volume dropping more and more as it rises. last 2 weeks seeing huge rises on the lowest volume this year. malcolm may be able to enlighten us further but i can see a few possibilities for ...

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

its sitting right in the middle of a triangle, just inside its bull channel and just above the 200 day MA. theres a hell of a lot of support between where it is now and 152.35. you got monthly pivots, weekly pivots, the trendline, the channel, the ...

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

cool. lets close this thread then, nothing more to discuss.

Trade Using VSA (Volume Spread Analysis)

Ok I have read the master the markets book. While it seems like it may be good for stocks and shares, I still think it would be far less useful in forex, especially on larger timeframes purely because of the different sessions across a day. ...

Trade Using VSA (Volume Spread Analysis)

exactly what ive been looking at, could be a big upside breakout soon.

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

yeh i can see the divergence. maybe i should identify trades on 15 first then look at 5 for entry. i have been identifying and entering based on 5 (i do still look higher but dont actually identify trades on it). im flapping about all over the place ...

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

isnt that back to front? surely if its below 50 then price has been moving down for some time and by the time it gets near 30 its oversold and you should be looking for longs instead? thats the classic interpretation of rsi as far as I know

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

is there a timeframe that works best for vsa in forex? as far as I can see, higher timeframes are less useful due to the different timezones and sessions (obviously volume is always going to go up during london/ny overlap). I would guess the lower ...

Trade Using VSA (Volume Spread Analysis)

the thing i still dont get about this is since gj blindly follows s+p the vast majority of the time (unless its being dragged up or down by gu), all trendlines, all support and resistance, infact all indicators are surely meaningless? the currency ...

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

VSA — I am having a bit of trouble trying to decipher VSA on this chart. There are 2 very noticeable huge spikes in volume (this is an IBFX demo account) but it did not do what I would have predicted. The first spike was high spread bar on ...

Trade Using VSA (Volume Spread Analysis)

i took short from 154.35, not entirely convinced itll make it near 155, but then im always wrong ej is also forming h&s along with gu, im not convinced its going to play out without some significant news events to drive it down

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

I am wondering what timeframe the top guys use the most? I know its good to glance at several but there must be one thats used as the main one? Ive been using 5min but its not working. ive been told pro's use 1min charts but im not sure about that, ...

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

anyone think it may go up during asia from profit taking? gj seems to have lost its link to ES. when GJ was at 162.50 ES was at 946. Now GJ is practically 1000 pips lower......and ES is on 946, exactly the same

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

160 here we come

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

im gonna trade what i see instead of what i THINK it should be doing. and what i see is things moving up. equities up 5 days in a row, bank earnings stronger than expected, gj up 700 pips on the week after double bottoming, and fears of a W shaped ...

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

thats a bull flag not a bear flag

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

looks like bull flag now?

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

people buying pounds and selling yen upbeat us housing data i think.

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