i think its the consolidation before the big drop here we still have CPI and TIC data out later, if either of those are bad itll drop like a rock.....and it might do that anyway regardless as the pro's will all be short now and want to protect ...

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

u dreaming if you think its going near 118. japan would intervene if it started getting that low again (they already mentioned the possibility a few times more recently!), a yen that strong would kill their economy even more than it already is if it ...

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

lol have you even looked at the daily bars? the AVERAGE of the last 96 days is 354 pip range per day. so far its done 264 today. so on averages alone this has another 90 pips to drop which would put it just under 143. if it goes up from here it will ...

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

oh ok then, 'plan your trade well' and have a 100% success rate.....in the most volatile trading period in history. yes thats believable damn these pesky markets, so predictable these days.

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

I would assume you trade without a stop or have an extremely large stop of several hundred pips, thats the only way you cant have a losing trade for months (simply because any bad trade has no stop so never gets closed). even malcolm had 5 losers in ...

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

it HAS bounced off the daily upward trendline, broken the hourly down trendline from 149, and it is also now above the monthly pivot if the pro's are still short their profits are surely evaporating fast? either its setting up for a hell of a nice ...

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

so what happens when you are short from when gj broke 119 in jan? you are now 2600 pips down, losing interest on rollover every day and have slim chance of getting out if that trade within the next few months at the minimum. if you had a 50 pip stop ...

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

there, its even bigger on GU, biggest bar of the day even though london is closed im hoping malcolm is right and it does eventually continue the downtrend cos i missed the original drop, gives me another change to get in higher up.

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

suddenly an EXTREMELY high volume bar on the 5min but the spread is very small hmmmmm whats it doing. that volume is on gu, eu gj and ej. and on gu its the highest volume bar of the entire day.... on a 9 pip bar!! need malcs expertise to decipher ...

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

looking at my charts it bounced right off the daily trendline at 10:40 GMT this morning.....or did it? thinking further, these currencies do not move independently, and eurjpy bounced at 10:35 this morning and that wasnt off a trendline. which ...

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

its cool but had to take it off, it was killing the cpu time, spiking up to max when normally its about 2%

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

yeah i just dont want to go long here so close to top of this trend channel and with daily and weely pivots all in that 145.20 to 145.80 area, unless it puls back down a bit more driving me mad i wasnt back in time to see it bounce off the lower ...

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

wanting to go long but missed it, thought it was downside but went flying up, too late now with top of channel at 145.20 and daily pivot and weekly S2 between 145.20 and 145.50 i think it might be good for another short if it cant break the channel. ...

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

short at 144.83, anyone think itll go test 144.00? gah out for +10 when it came back on me

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

more like next couple minutes at this rate!! anyone would think recession is over i would imagine the pro's are now long instead of short, guess we heading back to top of downtrend channel at least. between 145.50 and 146 we have downtrend ...

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

coool, if the red sideways spikes on the chart are the highest volume, you can see how there seems to be high volume spikes a bit before the end of each big up or down move as the pro's switch positions, if I am reading this right? what is the ...

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

it did confuse me lol, and the confusion stopped me entering a trade. im not taking too many trades at the moment, just watching it and see if i can anticipate what its going to do based on PA, volume and my pivots. as far as i can tell so far, ...

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

hmmm not quite got the hang of it yet, didnt trust it for the short. I thought high volume large spread means interest from pro's, so they were going long? if thats true then this wont be dropping much more as the pro's will obviously protect their ...

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

blimey its just taken a flier, and on high volume. i was a bit suspicious of the few spikes down on the 5min wondering if it was accumulation, price trying to drop and pro's filtering in longs? either way someone must have just said something to ...

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

its certainly possible if s+p drops again today. just had another short at 145.38.....stopped out for +1 pip again. thats 6 times today and 1 pip on all. of course the one time i dont move up my stop when im at +10 is the one time itll go flying ...

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