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

welcome 134 then 135 then 136 then 138. done...chow

Welcome to bulls party.

A possibility:

Hello G, I hope you are fine brother

maybe reverse from the weekly TL .. or maybe reflect of EJ monthly chart (50 pips left) many things to consider this week

Weekly Gann HiLo trying to flip.

Bounced as expected.

151m - shakeout at NY open

looks like it but it's actually not. big guys have been buying A LOT these last days.

check out 12hr chart, the green bars show buying activity and that's right at the bottom. circled on the chart.
also check out 60 min chart; buyers at today's low - normally we should see at least a retrace up.

Quadruple pivot/TL confluence at 131.8-132

Yes, showing a lot buyer everytime get low but today weekly gann flip is the going be bearish...Now holding it, week s1 131.80

ive opened small shorts in gu and looking to load some more. waiting for the cross of ema200 in 4hr tf gl!

OK. My positions are closed.
Ps: Selling Climax

Bought some at 132, 1.55 & will be buying around 131.9/85, if selling subsides - should see a bounce there if there's any gas left in this puppy. Tight SL. Although GY and GU at 1.55 are clustering around here, I too think we have hidden sellers here, and a bull bear battle. Key that we get a S&P bounce here - perhaps FTSE closing down will allow the USA to consolidate.

Today's GU daily will be important - not sure that H4/D1 candle can survive longing if it looks like that. Important that the equity markets find their compass for the rest of the day & tomorrow (ie., up)

Scratt, very nice new charts!

The Daily is wound pretty tight ... I know in the order of things, it is only the Husband ... Weeky being the Wife and Monthly the Mother-in-Law, but at some point it should unwind. Any thoughts?

yap... not sure about g-u though, if there's going to be a rally in g-j i think most likely would happen because of u-j.

i mentioned earlier that i see a lot of buying at these levels - and while this is a sign that a reversal is cooking, however, it is not confirmed yet. daily chart says that resistance is @ 133.28 area, and until this is not significantly pierced there won't be any reversal.

but scalping works great atm...

In case you're interested in Ashraf's views on yen intervention. He basically says it ain't gonna happen until 81/80.

That's been my view for some time - Japan is fraught with problems, and one of the last things they need are to spend more yen on the greenback. It would require a huge machine to move (and stay) the US$, and history has shown it always returns to where things started pretty quickly. And don't forget how miserably the swiss bank failed.

http://www.cnbc.com/id/15840232?video=1572700388&play=1

Monday's fx & global equity was concerning to me. We seem to be in uncharted territory. Some refer to it as not a bull or bear market but a wolf market, where traps & unexpected moves are set, correlations are breaking, and interest is waning.

Things may not change a heck of a lot this week. Trade carefully. At the risk of sounding like a broken record, it's important to feel market sentiment and have a sense of what's up. Overall, things don't seem to be at a good place. (all my trades are currently off the table; took some minor profits from 132 earlier, but feel we're going lower all around)

Here's a great summary of Monday's markets, from the LFB folks; more found here:

NFP Dominates- 10 Months In A Row

Wall Street failed a test on Monday, and showed as clear a technical picture that there are no institutional buyers of note above 1075 on the S/P. In response the algorithms liquidated major currencies and moved into Usd-based Treasury markets. The Asian session was weak and showed no inclination of attracting buyers and forced major pairs into very tight ranges that were struggling from the get-go to test the previous session ranges.

Sandwiched in between the Asian and American equity lethargy was a European move to bounce equities off support that looked sustainable right up until the point that Wall Street dropped the S/P lower from 1080. In the European session traders saw the dollar being sold in a reflection of just how strong right now the percentage inverse Usd/Equity correlation really is.

On the last week of August, with pathetically low participation levels, in an environment that has created record mutual fund redemptions, trading sessions are going to be at the beck and call of equity sentiment, and especially S/P futures direction. The pattern can be traced all the way back to the December Non-farm Payroll report which since then has determined the direction of trade for the subsequent month. August NFP was poor, and the S/P has dropped 6% since then.

There is weak market follow through at the moment with sporadic bursts of energy failing to hold, as the last week in August wraps up one of the lowest-level months of global market volume seen in decades. It is a coin-flick in regard to where the major pairs break and will stay that way until global equity and commodity markets align and signal solidarity in regard to sustainable intra-day price action. 1075 on S/P trade is the inflection point, with a break higher creating a short-Usd bias, and vice versa.

Gbp/Usd has re-cycled higher to test 1.5600, and is now at a pivotal price area that will be closely monitored. Usd/Cad has consolidated the moves higher from Friday. Just like Gbp/Usd, cad is now at a very important area that a move either way could be just as easy to make, with a break of 1.0450 or 1.0550 likely to set the tone for the week.

Big Arnie once again using IOU warrants to pay for the wide gaping hole in his pants. Is it any wonder why the market sold off so heavily. Guess he really is the girly-man - economically, metaphorically and, if my first statement can be taken literally, physically too.

Adding a long pos here to my existing longs.FE 100 and also daily S1.

on my M15 chart are showing sellers are still in control...may i know why you starts adding long to your position....thanks in advance for answering my question....