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

  • #49,221
  • Nov 9, 2007 6:22am Nov 9, 2007 6:22am
Quoting auslanco
TTN
DEALER CHATTER THAT EASTERN EUROPEAN NAMES HAVE BEEN AGGRESSIVE BUYERS OF YEN THIS SESSION


when the Russians come in to the market it's party time

Have a great weekend guys.
Hey bro, I' moving to Russia then lol. Hope you're having a good vacation.
  • #49,222
  • Nov 9, 2007 6:22am Nov 9, 2007 6:22am
Quoting intelmaster
wonder where markam went.. he sure would have loved to see that dip!
I think he passed out from sheer happiness.
  • #49,223
  • Nov 9, 2007 6:24am Nov 9, 2007 6:24am
Quoting charvo
This is a lesson that I've taken before.

Suggestions are:

1. Just blindly follow Aus's decision
2. ignore the momentum readings yourself, because momentum readings are not reliable. I know for sure momentum(1) is a joke.

But Aus somehow can manage between momentum and his decision with his comhensive knowledge and experience.

momentum (10) and (14) bend are more meaningful
aus says 1 c momentum is stronger and 10 and 14 support
  • #49,224
  • Nov 9, 2007 6:24am Nov 9, 2007 6:24am
Quoting charvo
This is a lesson that I've taken before.

Suggestions are:

1. Just blindly follow Aus's decision
2. ignore the momentum readings yourself, because momentum readings are not reliable. I know for sure momentum(1) is a joke.

But Aus somehow can manage between momentum and his decision with his comhensive knowledge and experience.

momentum (10) and (14) bend are more meaningful
Aus said today that 1 is the most important, followed by 10 and 14

^^ Edit, almost at the same time
  • #49,225
  • Nov 9, 2007 6:27am Nov 9, 2007 6:27am
Quoting moneyAA
I forgot to mention there was a pin just preceding it and look we a have 300 drop.
den
I would not call that a classic pin bar, but the triple or quadtriple Bar High Lower Close did tell us that we were heading down. Of course hind sight is 20/20.
Trust me, I was looking for reason to go short because of it.

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #49,226
  • Nov 9, 2007 6:29am Nov 9, 2007 6:29am
Quoting Geldmeister
Guys: to make one thing clear, I am NOT out to complain about AUS or his strategies. I much appreciate what he has contributed here. I am just trying to understand what's going on with MOM here and be happy enough to be told that I missed something in the equation.
Just so that people don't throw me in the pit with those who show up here and complain about AUS when one of his trades does not work.
Daily 1C(main momentum ) was bearish. when The daily is bearish from the start of the daily candle, you should never take the opposite direction on smaller TF.
  • #49,227
  • Nov 9, 2007 6:32am Nov 9, 2007 6:32am
aus..will it fall again?or there will be retracement..if there is ..to where?thanks
  • #49,228
  • Nov 9, 2007 6:33am Nov 9, 2007 6:33am
does anybody see a reversal in the making or too early to call ?
Live Long and Prosper How GOOD are the NE Patriots ??
  • #49,229
  • Nov 9, 2007 6:33am Nov 9, 2007 6:33am
Quoting VishalJ
I think he passed out from sheer happiness.
you bet
  • #49,230
  • Nov 9, 2007 6:34am Nov 9, 2007 6:34am
Quoting VishalJ
Hey bro, I' moving to Russia then lol. Hope you're having a good vacation.

Yeh.. .. bro.. It was good. Back to hunting now
  • #49,231
  • Nov 9, 2007 6:36am Nov 9, 2007 6:36am
well now the question is.... is G/J's fall over (for today)
  • #49,232
  • Nov 9, 2007 6:37am Nov 9, 2007 6:37am
Quoting blunt
aus says 1 c momentum is stronger and 10 and 14 support

let's say that when floor is wet (mtm(1)), u know it is because of raining (retrace.)

but is it everytime floor is wet because of raining? not really,
sometimes it is due to flood, or other factors.

you'll know mtm(1) = current price - last bar's close price. that's siimple without the prediction power. e.g. u check 30min TF, 7:31 am EST's
mtm(1) = [email protected] - [email protected] ~~ very close to 0, right?
then if from 7 am est ~ 7:30 am est mtm is like -2, then u'll see a strong bend up that's expected retrace's incoming (rain). will it come? may be yes, may be no.

Simple mathematics. I respect Aus will full of my heart. But this mtm(1) is useless. Just mathematics. I follw all TF for 2 weeks. save many pictures at the beginning of TF. mtm(1) means nothing.

And if veryveryvery beginning, an example again, check price @ 7:00:01 am est for 1h TF mtm(1). man, i assure you that mtm(1) = 0. and if only mtm(1) of previous bar is not 0, then a bend is formed.

3 mtms together, reading means a lot, as Aus taught. just I use mtm(4), instead of mtm(1)
  • #49,233
  • Nov 9, 2007 6:37am Nov 9, 2007 6:37am
Quoting alanz76
aus..will it fall again?or there will be retracement..if there is ..to where?thanks
this is not August unwinding.. there will be a retracemnt.. better to stay away during NY crazy friday.
  • #49,234
  • Nov 9, 2007 6:44am Nov 9, 2007 6:44am
9:30am USDhttp://www.forexfactory.com/images/m...mpact_high.gifTrade Balance
http://www.forexfactory.com/images/m...etail_star.gif
-59.0B-57.6B
  • #49,235
  • Nov 9, 2007 6:47am Nov 9, 2007 6:47am
Quoting auslanco
TTN
DEALER CHATTER THAT EASTERN EUROPEAN NAMES HAVE BEEN AGGRESSIVE BUYERS OF YEN THIS SESSION


when the Russians come in to the market it's party time

Have a great weekend guys.

mm.....I seem to remember Gene22 mentioned this Friday - lol, now we know why!
Trading Levels with WRBs
  • #49,236
  • Nov 9, 2007 6:55am Nov 9, 2007 6:55am
I've been reading FXCM, FOREX.COm guys telling this USD/JPY yen fall for the last 2 weeks (plus Zoran's graph, Aus's mom, Markam's doom and gene222's cycle). We'd better listen more and dedicate more attention to the big guys, especially during this uncertain times. And study their methods


The daily graph doesn't look pretty to me, it's gonna fall more according to this. But let's see what will market bring in front of us.

Scary day - full of opportunity!
Attached Image (click to enlarge)
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  • #49,237
  • Nov 9, 2007 7:09am Nov 9, 2007 7:09am
Hi
I would like to tap in to your insight I wanted to go long on either USD/CHF or USD/CAD couple of minutes prior to 8.30 EST news release .Could any of you advice me on this regard, most of my trades I loose. So hope I can learn something to stop this vicious cycle. I thank you all in advance. Happy trading. Nice weekend for you all

Banada
BANDA333
  • #49,238
  • Nov 9, 2007 7:10am Nov 9, 2007 7:10am
Quoting gene22
It is sad to watch that no one here with the exception of Karm is really doing any analyses, ok, here is a freebie, we will drift lower in a choppy maner untill 13GMT Friday, from that point on untill next friday the 16th geppy will stage a rally, INMO it will not go above 239.50, if we get to 234.85-235 area by this friday, this scenario will have more weight. From the 16th till the 26th it is likely to see a fall, quite dramatic.
That's all folks.
Markam, I miss your doomsday posts, they really warm my heart, common don't be shy...
  • #49,239
  • Nov 9, 2007 7:16am Nov 9, 2007 7:16am
On monday, we have bullish daily momentum...the price moving down, and the daily momentum turn bearish. If we notice, the 4 hr momentum occurs bearish. One lesson that i got, the long term momentum gives us overall idea, but we have to look into momentum in smaller time frames. It will give us better idea about price movement. In my observation, if momentum 1 hr 10C up, doesnot means it will close at 5 sma. It may touch 5 sma in the first 30 minutes. if the momentum in the 2nd 30 minutes is bearish, it may go down back.

in my observation only... Comment from our expert are welcome.

One thing to remember... this is forex..... anything may happen....
  • #49,240
  • Nov 9, 2007 7:16am Nov 9, 2007 7:16am
Quoting jarroo
I would not call that a classic pin bar, but the triple or quadtriple Bar High Lower Close did tell us that we were heading down. Of course hind sight is 20/20.
Trust me, I was looking for reason to go short because of it.

Jim
I thank u a million for puttin it here on board,
..........
r u one of 'JIM16'?
den
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