Sycho - Volume Based Trade (Gbp/Jpy&Usd/JPY)

Good Morning All..this thread is started to analys all kind of trade's with respect to volume..full rules and setups coming soon..



support and resistance indicator..

TYPES OF PLAN

1)STRATEGIC PLANNING(broad long-range goal)

2)TACTICAL PLANNING(specific short-range objective/identification)

3)OPERATIONAL PLANNING: setting work and schedule standard

4)CONTINGENCY PLANNING:back-up plans in case primary plans fail…






7D’s of DECISION MAKING

1)Define the situation

2)Describe and collect needed information

3)Develop alternatives

4)Develop agreement among yourself

5)Decide which alternative is best.

6)Do what is indicated (begin implementation)

7)Determine whether the decision was a good one and follow-up…

We have a couple of news coming up today,basically i will stay out of it..that's what have been doing through out the recession period...i will still analyse the news and we can discuss it all,here..gimme an hr or 2

g/j today based on volume shows we go to 142.38below today..

here is my long term target for g/j
1)139,135,130,118

and this are the positions i have opened already
1) 150.12sell,147.90sell,145.87sell and am looking at adding more sorts at
1)144.16 once it becomes our new high upon breaking of 142..charts coming up

volume shows the bulls are clustered around 143.53..meaning it won't be easy breaking there,but let's see how the hrly closes then i can give a clear direction

some how guyz the bears are eating there way back and are taking charge of 143.62area..if we break lower below this level b/4 new york session then we are going to see 140-139 2day...

guyz this is an important point here..qqe5 seating right on top of 25level,2-multi mm below 0-level,and volume showing increasing bear bars..can we break this 142area...let's see what the new hrl bar's brings..looks like she want to see the upside 145area again..

cheers bro,

good luck with this one.. [im on fb]

thanks bro,just could afford posting from recycle bin..how is your trading going

good bro, exited on low,

and im going to re-short from higher..

there seems to be plenty bears waiting at 144.16..we might dance around there a little..

nice game plan..am lookin at shorting more from around 146.35 if we get there

stoch,just fliped up,am looking at 146.35 to add more shorts..

if we make a re-test of 146.35..that put's us in a mini range..maxi:146.35,mini:143.55 about 300pips,so we buy at the bottom and sell at the top,though i would advise only selling from the top to add to any long term short,b/coz i don't want to have any thing to do with against the thread,just my trading plan..

On wednesday we had release of the monthly core retail sale's as below
USD
Core Retail Sales m/m
-0.5%&


1:30pm USD
Retail Sales m/m
-0.4%
0.0%-1.3%http://www.forexfactory.com/images/m...us_revised.gif

then yesterday we had this
1:30pm USD
PPI m/m
0.3%
0.2%-1.2%

& USD
Unemployment Claims
637K
608K605Khttp://www.forexfactory.com/images/m...us_revised.gif
here is my take for the cpi..is the Change in the price of goods and services purchased by consumers, excluding food and energy; meaning if ppi is high,i.e. producers are producing more,then consumers are also consuming more,coz trade balnce shows lower,and if unemployement is on the high,how then do consumers consume more..just my little take..i believe strongly this data are manipulated i expect a better than b/4 core cpi...but am not trading it

yeah!there core cpi came out better than b/4 as posted..not much move on it yet,but i believe they will pump in some good amount ..still target maxi..146.35

he we go..journey to 146.35..where i will be waiting to slaughter this bulls

Sycho thanks for the indicators bro, i am setting them up as we speak, i missed the first move to the downside, but im like you, im waiting to short this baby up a little bit higher, 146.41 preferably, which is yesterdays' high, but lets see if it can even get up there

now watch out guyz..keep an eye on ur hrly stoch its about to flip..also eyes on qqe5 hrly it's seatin just below 50-level..looks like the bears are gearing in from this level..lets see where the hrly closes,to get a full move of new yok session