GBPUSD: A Drunken Sailor

The cable, as the GBPUSD is called, looks like drunken sailor.The chart
is all over the map, with massive daily swings lined up one after the
other all over the place.There are some pips to be made in there!I'm
not generally trading the GBPUSD, but I'm going to put a few moments
into figuring out whether my AUDJPY chart set up seems applicable.It's
hard to resist all that volatility.

AUDJPY: Tweezer Top?

The market has about 6 minutes to change it's mind.If it doesn't, this
is going to look like a tweezer top on the 1 hour.Now, that would be
something I'd consider bearish (I originally typed bullish).If you read
my last post... you know I'd like that to happen!Now about 4 minutes
left.Zzzz. No market reaction on the hour.Maybe the tails weren't long
enough -- or I'm too impatient?... continuing .

AUDJPY: Short On Failure?

It might be time to think about shorting the AUDJPY.It's coming up to a
recent high and might not have a lot of legs left.If we get a decent
failure there could be a shorting opportunity for some part of this
evening.See (on the 1 hour)?Let's keep an eye on this......
continuing ...Down on the 1 minute chart we seem to have some
resistance to get through before we have the ability to drop:...

AUDJPY: Morning Peek

Well, first, I can't believe I'm awake this early after such a long
night. I need to hone my craft and trade for a living -- I'd be able to
keep better hours.Anyway, this morning we have the follow up to last
nights analysis.We're looking at what appears to be a double bottom
with no idea whether or not we'll reap the technical rewards that they
can offer.Since I slept through the last several