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

  • #142,001
  • Nov 24, 2008 4:06pm Nov 24, 2008 4:06pm
Quoting Big Bruv
thanks baby
np
  • #142,002
  • Nov 24, 2008 4:09pm Nov 24, 2008 4:09pm
Quoting ovaforty
The world is crying out for a Saviour, or a Messiah, or a 12th Iman, or whatever that particular culture practices.

The handwriting is on the wall, just as in the Book of Daniel to Nebechenezzer. Things are falling into place.

Governments should never be that saviour, because ultimate power corrupts ultimately.

Some folks here want Obama to be the Savior. High expectations are on his shoulders. Good Luck to ya Barak. You have a tough job ahead of you.


Market Sentiment will only soar if public trust returns to the people. At best, I...
first african american president, and look how much he has to deal with. i think that's not fair. but anyway, i hope he does what he said he would. and i also hope that his office would prevent the US from sticking their nose in what shouldn't be their business, or is it?....

i'd say good luck to him too.
  • #142,003
  • Nov 24, 2008 4:10pm Nov 24, 2008 4:10pm
Quoting Dr.Geppynius
bam! there is our 1000 point rally on ym, beginning on friday when we nailed the bottom and everybody was laughing at us


congrats to you, malcomb, and me, and to all those who believed in their charts and didn't follow indicators blindly
  • #142,004
  • Nov 24, 2008 4:13pm Nov 24, 2008 4:13pm
hello lilmoe
do u think it is going up 150 without retrace?in japan session what do u predict/
  • #142,005
  • Nov 24, 2008 4:16pm Nov 24, 2008 4:16pm
Excellent plan... I couldn't say it better...

I am buying on the retracement before the Asian market..






Quoting malcolmb14
this was a pretty nice trade on both gj and YM .... but the pair has not reached my limit on 1st half of swing trade iff 139 at 147.5 .

lets see if we get that standard retracement in Asia and then a push up into 150 in the London session.

London has yet to wake up and see the budget new out of UK that hit us this morning in the US session.

should be an interesting evening. Bear rallies are often very impulsive and we could see another 500 pip move up after the asian retracement
[
  • #142,006
  • Nov 24, 2008 4:16pm Nov 24, 2008 4:16pm
Quoting pkimnyc
buying dip time.
if we get a dip. might go up to 150..
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #142,007
  • Nov 24, 2008 4:17pm Nov 24, 2008 4:17pm
Quoting lilmoe


congrats to you, malcomb, and me, and to all those who believed in their charts and didn't follow indicators blindly

lol cheers lilmoe ... just managed to get 900 pips off 1st half of swing trade.....other half set to +400 .....

much thanks to Dr G for helping me understand Volume spread analysis. .. no indies required.
Blogging daily now at www.volume.zone
  • #142,008
  • Nov 24, 2008 4:18pm Nov 24, 2008 4:18pm
Quoting peyman
hello lilmoe
do u think it is going up 150 without retrace?in japan session what do u predict/

Asia will nearly always retrace US session ... see Ovaforties aweosme posting on this from a few posts back
Blogging daily now at www.volume.zone
  • #142,009
  • Nov 24, 2008 4:18pm Nov 24, 2008 4:18pm
Quote
I am buying on the retracement before the Asian market..

I will do the opposite, wait for a bit higher than place a short before the asian market.
  • #142,010
  • Nov 24, 2008 4:18pm Nov 24, 2008 4:18pm
Quoting lilmoe


congrats to you, malcomb, and me, and to all those who believed in their charts and didn't follow indicators blindly
Isn't following the indicators blindly is what a 'system' is? Some of us see what we want to see, and some us see with true spatial intelligence. You, my friend, are superman. X-ray vision
Learning never ends.
  • #142,011
  • Nov 24, 2008 4:27pm Nov 24, 2008 4:27pm
oops even price could'nt break m5 gan hilo!!! buy pressur is so high every one wants reach 160 in 1hour
  • #142,012
  • Nov 24, 2008 4:29pm Nov 24, 2008 4:29pm
Quoting peyman
hello lilmoe
do u think it is going up 150 without retrace?in japan session what do u predict/
we have reached a tough area at 147.80, we might retrace from here, but i wouldn't bet on that. we will get our retracement, however, if we break the current m15 ascending trendline. it's been intact since my long at 141.60. so keep a very close eye on it. u might want to short that breakout, but if u're not sure, wait to buy a dip.

in lots of cases, GJ retests broken TL, and we might actually retest the broken daily TL back at 144.20-145. if we Do get there, it would be a very good area to add more longs

whether that would be in late asian session or early london, i'm not sure. watch for 50ema coupled with a bullish HD on your m30 chart . we have a bearish div on both m30 and m15, the breakout of the acending trendline should signal 50ema of either.

i'll post more about this in a few minutes on my thread.
  • #142,013
  • Nov 24, 2008 4:31pm Nov 24, 2008 4:31pm
Quoting kbrown
Isn't following the indicators blindly is what a 'system' is? Some of us see what we want to see, and some us see with true spatial intelligence. You, my friend, are superman. X-ray vision
lol

I think what Lilmoe was trying to say is that if you understand price action and volume indies are not really required.

It was odd how the push down in the DJ last Thursday , causing the low on the GJ at 137.7 , happened with very high volume. In fact the DDM ( proultra shares DJ long ) low happened on the HIGHEST volume this year. This is called a selling climax ( look up any sources on equivolume charting or VSA). from the high volume we could tell that a turn in the market was likely going to happen.

From this and the immediate reaction of the Asian market (400 pip rally in asia) one could clearly tell that the push down was a likely bear trap / market test of the lows to see if there were any more willing sellers.

The other thing to note , and as I posted on the weekend , on the 12 hr chart the push down to 137.7 was on really low volume indicating that limited professional selling was taking place in the decline.

In regards to indicators , while all the volume and price action were screaming low pivot , the rsi had formed a bullish div on 4 hr chart and up all the way to the weekly chart. This backed the case of a very likely market turn.
Blogging daily now at www.volume.zone
  • #142,014
  • Nov 24, 2008 4:32pm Nov 24, 2008 4:32pm
Lilmoe

you predicted GU at about 1.52 ish. before going back down to 1.42 ish (FE 161.8.)

Are you still thinking that way?
  • #142,015
  • Nov 24, 2008 4:32pm Nov 24, 2008 4:32pm
Quoting malcolmb14
lol cheers lilmoe ... just managed to get 900 pips off 1st half of swing trade.....other half set to +400 .....

much thanks to Dr G for helping me understand Volume spread analysis. .. no indies required.
I wonder, when you guys are going to share it with us? I mean VSA
  • #142,016
  • Nov 24, 2008 4:37pm Nov 24, 2008 4:37pm
Quoting lilmoe
we have reached a tough area at 147.80, we might retrace from here, but i wouldn't bet on that. we will get our retracement, however, if we break the current m15 ascending trendline. it's been intact since my long at 141.60. so keep a very close eye on it. u might want to short that breakout, but if u're not sure, wait to buy a dip.

in lots of cases, GJ retests broken TL, and we might actually retest the broken daily TL back at 144.20-145. if we Do get there, it would be a very good area to add more longs

whether that would be in late asian...
thanks a lot
I think buy in deep is safer option consider your advise and use karmo pills
going to sleep >>>don't lose anything thank u
  • #142,017
  • Nov 24, 2008 4:43pm Nov 24, 2008 4:43pm
Quoting kbrown
Isn't following the indicators blindly is what a 'system' is? Some of us see what we want to see, and some us see with true spatial intelligence. You, my friend, are superman. X-ray vision
nope, a good system doesn't dictate the direction of the market by following the direction a lagging indicator alone (THAT should be obvious to you just by looking at the charts), it should also tell you where it also might reverse and where it would stop and continue with the major trend

an efficient system combined with a good feel and understanding of the market and the "clues" the chart and PA gives us, IS what makes a good trader what he/she is

good luck my friend, and i hope green pips to all.
  • #142,018
  • Nov 24, 2008 4:45pm Nov 24, 2008 4:45pm
Quoting pipsbull
I wonder, when you guys are going to share it with us? I mean VSA
talk nicely to Dr G .....he is the master

VSA is basically price action ...and volume , so simple candles work . i do not use VSA the same way Dr G does ... he is really good at it

I use esignal and the candle moves with every tick , so in other word on a 5 min chart if i get a long bodied candle then all of a sudden the tick is bid up forming a wick i can see that there are buyers ... fairly straight forward really.

If i am watching an area of resistance I am looking for sellers to come in to the candle every time it tries to move up ( wick form on the top ). I am not sure if you remember one of my posting from earlier i said ' every dip is met by buyers' . What that meant is that everytime the sellers tried to push it down the buyers turned up shortly afterwards moving price back up. I could see this just in the price action of the candles. Also look at the length of the bodies of the candles , long bodied up candles with small wicks top and bottom = steady buying , ULTRA LONG bodies candles ( compared to others ) should be treated as suspiciouos as pros have to sell into strength.

Right now for example we have had some nice long bodie up candles and several squat shorted bodies candles on the retracement ... that to me says no selling pressure .

The study of candle , action and reaction to prices moves is not really true VSA , but all part of it

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Blogging daily now at www.volume.zone
  • #142,019
  • Nov 24, 2008 4:45pm Nov 24, 2008 4:45pm
Hey, malcolmb
I know you are a profi in divergence, so can this one be considered as a good one? Or any other who has knowledge in them
thnx in advance
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  • #142,020
  • Nov 24, 2008 4:49pm Nov 24, 2008 4:49pm
Quoting pipsbull
Hey, malcolmb
I know you are a profi in divergence, so can this one be considered as a good one? Or any other who has knowledge in them
thnx in advance

not sure on that one that you drew .. but your macd has a bearish one across the tops
Blogging daily now at www.volume.zone
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