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

gj4h 1w
Something like this.
Attached Images
Just a heads up. Bearish Divergence on 15m TF.
Quoting ukdaytrader
I've been jumping in and out of the sharp moves down, but i've been confused by the PA. Here's why.

Attached a 4hr chart showing steadily declining volume since last Friday. Last Friday's volume looked very much like buying volume. The volume bar on the big move down was low, much much lower than I would have expected. The preceeding bars may have been Distribution, but looking at last Friday, i'm not convinced.
Almost looks like some very big players knew the Obama news and what it would be. I would have expected a ton of volume on that downmove...
UKDayTrader, Am just catching up on Friday's/weekends postings and saw your analysis here. I do appreciate your VSA input - and it tends to be spot on & timely, but I don't see the same type of volume trend or (lack of) spikes/potential stopping volume - I think your broker's volume is misleading you. Don't know who that is, but when I bring up my citibank liquidity provider view, the H4 volume between Jan 15 & Jan 22 in fact increased, and there was significant volume on the big downbar you mention. Similarly the H1 chart showed what looks like stopping volume on the 13:00 GMT (red) downbar, but then the 22:00 new low showed absolutely no interest (albeit that was v. late & on a Friday).

I agree with all your conclusions, and can fumble my way thru some VSA, but wanted to point out that your broker isn't likely a good indicator of what the big boys are doing, or overall volume in general, since, we don't know who's trading with them (I doubt the big boys are). In comparisons I've done with volume, citibank as a big FX player has volumes very similar in bar to bar distinction compared to esignal, and, I would think it's representative of some smart/big boy players, if not citi themselves. MY worry with using smaller/smallish brokers, it can only show their member's volumes, which, could be completely whacked. I was using a demo for Akmos out of Russia for a few weeks, and their volume portrayal was dismal, ie., 40x less than even an FxPro. Just wanted to let you know on the discrepancies. theCollectivefx.com I believe still gives out demo accounts; I would think the best VSA comes from the likes of getting the best LP views ; in fact, I'm off to dbfx to see how their volume compares.
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i'm looking for a retrace below 147.15 , seems now we are correcting 5th wave, and i think today we are closing bullish , tommorow is kaboom , to up 146.20-146.45 is a nice area to retrace , more down move excpected
Making money not by predicting just by following ...
Can someone tell me why this sucker is not going down?
New voice message: Why are you calling me? If I need you, I'll call you!
Quoting PandoraBox
Bro, how about if I told you ...wave C already completed. Now we are in wave 1 up
huh?
Quoting Gucc
huh?
I think he's saying you should forget whatever bias you have. Just imagine for a minute Obama's speech last week was an elaborate shakeout designed for the big players to buy cheaper.
Quoting Beljevina
UKDayTrader, Am just catching up on Friday's/weekends postings and saw your analysis here. I do appreciate your VSA input - and it tends to be spot on & timely, but I don't see the same type of volume trend or (lack of) spikes/potential stopping volume - I think your broker's volume is misleading you. Don't know who that is, but when I bring up my citibank liquidity provider view, the H4 volume between Jan 15 & Jan 22 in fact increased, and there was significant volume on the big downbar you mention. Similarly the H1 chart showed what looks like...
Thank you for this, very useful. I realise that any MT4 vol is not as accurate as say Esignal. The question is to try to find the most accurate MT4 feed there is. Hmmmm...
Sold @ 1.4580, lets see where is goes
New voice message: Why are you calling me? If I need you, I'll call you!
Quoting ukdaytrader
i think he's saying you should forget whatever bias you have. Just imagine for a minute obama's speech last week was an elaborate shakeout designed for the big players to buy cheaper.
bro try ifcmarkets there volume is close to interbank..the problem is there platform dont allow custom indicator but fast execution.AND THEY OPEN 1HR BEFORE MARKET OPEN SO U CAN TAKE FAST EXECUTION IF THE GAP GOES UR WAY.
I NEVER LOSE/=I EITHER WIN OR LEARN
Quoting ukdaytrader
I think he's saying you should forget whatever bias you have. Just imagine for a minute Obama's speech last week was an elaborate shakeout designed for the big players to buy cheaper.

its possible..im still add more shorts at 146.20/25..if we go past 147.20,then the bear move is on hold ..i dont know..i wont let it go to 139..my exit is at 142,,and see if we reach 139,,and hopefully we get a retrace back to 149

the COT index reading on the jpy is at 0 ... it mean extreme bullish
Good morning,

I just bought GBP JPY at 14589. The pair is building momemtum after a divergence low last Friday. Regards,
Quoting donfriday
bro try ifcmarkets there volume is close to interbank..the problem is there platform dont allow custom indicator but fast execution.AND THEY OPEN 1HR BEFORE MARKET OPEN SO U CAN TAKE FAST EXECUTION IF THE GAP GOES UR WAY.
Thanks, will have a look at it.
look at this ,at the NZD/JPY.. a diamnd top formation.. looks all good for a huge drop..
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Quoting quecee5
Weekly and Monthly gann ar'd 143.70 - 144 area please post yr chart with weekly and monthly gann. . .
i found the problem now....
I NEVER LOSE/=I EITHER WIN OR LEARN
Quoting donfriday
i found the problem now....
i still not found the problem. Not same with Q setup
Quoting special0nefx
i still not found the problem. Not same with Q setup
you are using Gann hilo activator Q is using Gann Hilo....so if u have the to add it on your chart u will see ...see it
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I NEVER LOSE/=I EITHER WIN OR LEARN
Quoting gl4di4t0r
i'm looking for a retrace below 147.15 , seems now we are correcting 5th wave, and i think today we are closing bullish , tommorow is kaboom , to up 146.20-146.45 is a nice area to retrace , more down move excpected
Agreed, max retrace would be a touch of the daily 5 sma then down from there. Daily 5 sma sits at 146.85 area which we should see plenty of supply. . .

However there should also be plenty of supply sitting at ar'd 146.10/30 area as well. . . After that I expect to see a continuation of this move lower as indicated by daily chart. . .

Target now set at 143.80/143.00. If breached with a daily close below 143, expect 141.50/140 as a target to start. . .
Quoting donfriday
you are using Gann hilo activator Q is using Gann Hilo....so if u have the to add it on your chart u will see ...see it
I use Gann Hilo , i just rename it cos from Q. But still the month Gann is not like yours. Mine Gann is above the candle price but yours is below the candle ... zzz can i have ur template?
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I am short GBPJPY now at an average of 145.80. First profit target is quite far away at around 143.60-ish. Let's see how it goes...
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