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

  • #66,381
  • Mar 6, 2008 9:58pm Mar 6, 2008 9:58pm
I have a question...Ive seen some events on thee us calander that come out positive and It just smells funny.....is there anyway for them to fenagle the report tomorrow and if so, how. I was just wondering because thing aren't looking good for the US in general
GREED IS THE ULTIMATE INDICATOR
  • #66,382
  • Mar 6, 2008 10:09pm Mar 6, 2008 10:09pm
NFP will come out as important as it was and affecting GJ move.Anyhow for current moment, I prefer upmove.TF 44H.,
Target is at 50 fibo and rejected at square box yellow.(I saw daily 1c mom point up a little).Elliot 4 hour need a wave up.If this yes then the low for today is at 205.80(4h candle previous reach 205.92).If not sell stop would be there below this level.(Fx_divergence tf 1 H shown a bullish divergence.)
Attached Image (click to enlarge)
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  • #66,383
  • Mar 6, 2008 10:13pm Mar 6, 2008 10:13pm
Quoting fxcellent
I have a question...Ive seen some events on thee us calander that come out positive and It just smells funny.....is there anyway for them to fenagle the report tomorrow and if so, how. I was just wondering because thing aren't looking good for the US in general
I could never prove it and I am not a big conspiracy guy, but I think they have the ability to do whatever they want. It is very sad, but whoever "they" are seem to be able to do whatever they want. I think the down economy on the US front is good for politics and election rhetoric, because each candidate is gonna fix things. On the other hand, if I do one thing in the open and 3 things behind the scenes that no one sees, am I still getting my way?
Very curious times...
  • #66,384
  • Mar 6, 2008 10:25pm Mar 6, 2008 10:25pm
Quoting PipAV8tor
I could never prove it and I am not a big conspiracy guy, but I think they have the ability to do whatever they want. It is very sad, but whoever "they" are seem to be able to do whatever they want. I think the down economy on the US front is good for politics and election rhetoric, because each candidate is gonna fix things. On the other hand, if I do one thing in the open and 3 things behind the scenes that no one sees, am I still getting my way?
Very curious times...
well said...don't you just get that feeling that something stinks the way these numbers come out and you know they shouldn't be that good?
GREED IS THE ULTIMATE INDICATOR
  • #66,385
  • Mar 6, 2008 10:36pm Mar 6, 2008 10:36pm
Daily Inside Bar : High 207.59 / Low 205.82. Notice the S/R levels I have at these Price levels.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #66,386
  • Edited 10:48pm Mar 6, 2008 10:43pm | Edited 10:48pm
This Speaks Long to me...Comments?? Adding..Bull Flag?

-Pipimint

When Bruce Banner gets mad, he turns into the Hulk. When the Hulk gets mad, he turns into Chuck Norris.
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Enjoy it while it lasts, then pay for it. Be Grateful.
  • #66,387
  • Mar 6, 2008 10:49pm Mar 6, 2008 10:49pm
Quoting Pipimintpati
This Speaks Long to me...Comments??

-Pipimint
Sorry, I the lowest time frame I go to is the 4 hour and sometimes the hourly charts. So, what your chart(30min) speaks to me is noise.
Indicators show the past. Price Action "Indicates" the future.
  • #66,388
  • Mar 6, 2008 10:50pm Mar 6, 2008 10:50pm
Quoting forexlion
We have some BOJ news which is all in favor of weaker yen, apart from that the 1H formation is now fully aligned for a long, last night we did not have a full alignment.

Plus, as you can see, we keep bouncing back to 207 area again and again, the same way we did earlier on at 205 before the big ride.
I don't understand your "no news is good news" analysis. I don't think anyone was expecting a change. BOJ is going to get a new chief soon, they (japanese) don't want or like any change. They want a smooth transition. The yen has been strengthening at the current rate and it will continue to do so. There is no good news and none on the horizon. The dollar is in free fall and all Benny wants to do is print more money.
I'm with Markam, "The end is near!"
  • #66,389
  • Mar 6, 2008 10:51pm Mar 6, 2008 10:51pm
Quoting jarroo
Daily Inside Bar : High 207.59 / Low 205.82. Notice the S/R levels I have at these Price levels.
And what is your expert analysis?
History is written by the victors.
  • #66,390
  • Mar 6, 2008 11:01pm Mar 6, 2008 11:01pm
Quoting Pipimintpati
This Speaks Long to me...Comments?? Adding..Bull Flag?

-Pipimint

When Bruce Banner gets mad, he turns into the Hulk. When the Hulk gets mad, he turns into Chuck Norris.
There is a bull flag of sorts in there , however it really is ' false' as the flag pole was a 1 bar move on news. That does not constitute nice steady buying that forms a nice strong flagpole before the flag formed. Look at the 4 hour time frame we have a bear flag. 205.5 break and we are going down.
Blogging daily now at www.volume.zone
  • #66,391
  • Mar 6, 2008 11:01pm Mar 6, 2008 11:01pm
Quoting Damo12
GJ 1H chart.
QQE5 may have failed to crossover long. Turning away (down from trigger)
QQE60 (thicker dark blue) flattening out (at its indicision point I think)
Down sloping channel holding.
Guess we will know soon.
Iteresting Analyisis!!

-Pipimint
Enjoy it while it lasts, then pay for it. Be Grateful.
  • #66,392
  • Mar 6, 2008 11:02pm Mar 6, 2008 11:02pm
Quoting Money-RX
And what is your expert analysis?
Simple. I will let Price Action on the 4 hour chart show the way. If a bullish Price Action pattern forms near the top I'll go long. If a bearish Price Action pattern forms near the bottom, I'll go short.
Indicators show the past. Price Action "Indicates" the future.
  • #66,393
  • Mar 6, 2008 11:03pm Mar 6, 2008 11:03pm
Quoting mike w
I'm looking to maybe see this as a 3 wave correction before another run at 207.50 again. It could play out exactly like yesterday. You can see all the similarities as well.
Well, that was nice and I'm still looking for it to fully play out. lol How has everyone's night gone so far? Has anything changed for anyone since yesterday? As Jim has undoubtedly already said, we have an inside bar on the daily charts and whichever side it breaks to should be good for a nice amount. I'm in the long train, but ready to adapt in either case.
I dream, therefore I become.
  • #66,394
  • Mar 6, 2008 11:05pm Mar 6, 2008 11:05pm
Quoting malcolmb14
There is a bull flag of sorts in there , however it really is ' false' as the flag pole was a 1 bar move on news. That does not constitute nice steady buying that forms a nice strong flagpole before the flag formed. Look at the 4 hour time frame we have a bear flag. 205.5 break and we are going down.

I see what you mean now thank you.

-Pipimint
Enjoy it while it lasts, then pay for it. Be Grateful.
  • #66,395
  • Mar 6, 2008 11:08pm Mar 6, 2008 11:08pm
Quoting jarroo
Simple. I will let Price Action on the 4 hour chart show the way. If a bullish Price Action pattern forms near the top I'll go long. If a bearish Price Action pattern forms near the bottom, I'll go short.
And so it was written, so it shall be done! lol Your the man Jim. I never really even looked at inside bars all that much till I realized your success with trading them.

Ladies and gentlemen, if you see someone having success with something, follow in their footsteps to allow yourself to become a success as well.
I dream, therefore I become.
  • #66,396
  • Mar 6, 2008 11:11pm Mar 6, 2008 11:11pm
Quoting mike w
Well, that was nice and I'm still looking for it to fully play out. lol How has everyone's night gone so far? Has anything changed for anyone since yesterday? As Jim has undoubtedly already said, we have an inside bar on the daily charts and whichever side it breaks to should be good for a nice amount. I'm in the long train, but ready to adapt in either case.
I'm still long at 205.46. Adaptation and taking what Price Action gives, is the name of the game. Which I try to practise daily.
Indicators show the past. Price Action "Indicates" the future.
  • #66,397
  • Mar 6, 2008 11:19pm Mar 6, 2008 11:19pm
Quoting mike w
And so it was written, so it shall be done! lol Your the man Jim. I never really even looked at inside bars all that much till I realized your success with trading them.

Ladies and gentlemen, if you see someone having success with something, follow in their footsteps to allow yourself to become a success as well.
I think the key here, Mike, is something you mention so many times on this thread and I'm sure on other thread, its this: Higher Time Frames.

I see analysis some people give on 5 min chart which is pretty good and I say to myself "Man, if this guy would apply this analysis on the Daily or Weekly he would be dangerous".
Indicators show the past. Price Action "Indicates" the future.
  • #66,398
  • Mar 6, 2008 11:22pm Mar 6, 2008 11:22pm
Quoting jarroo
I think the key here, Mike, is something you mention so many times on this thread and I'm sure on other thread, its this: Higher Time Frames.

I see analysis some people give on 5 min chart which is pretty good and I say to myself "Man, if this guy would apply this analysis on the Daily or Weekly he would be dangerous".
Most definitely man. It's impossible to stress it enough. Newcomers, for the most part, don't listen until they've had their fill of agony and defeat before they wise up though. I just wish I was disciplined enough when I started to have taken that advice from day one.

You heard the man, folks. Higher timeframes, they get the job done.
I dream, therefore I become.
  • #66,399
  • Mar 6, 2008 11:37pm Mar 6, 2008 11:37pm
Quoting jarroo
I think the key here, Mike, is something you mention so many times on this thread and I'm sure on other thread, its this: Higher Time Frames.

I see analysis some people give on 5 min chart which is pretty good and I say to myself "Man, if this guy would apply this analysis on the Daily or Weekly he would be dangerous".

I am a day trader .... I trade right down to 1 min charts. Sure i can catch a nice 1000 pip move in a position trade in a week, but how often do those come along ?

As a day trader I can take 100 - 150 pips out of the gpbjpy day in day out

I am not bragging or anything .... I am just saying it is possible. I have a thread called gbpjpy scalpers where I have posting trades before they happen.

So if you are a position trader you are sitting in the gbpjpy at a down day yesterday ( draw down on your long), whereas the gbpjpy moved OVER 400 pips during the USA market hours only.

So as a day trader even if I got only 100 pips of that I am still beating the position trader for the day

I am not saying position trading is rubbish. I think it is awesome.

However I sleep a lot better knowing that my money is safe in cash while I am sleeping.

I have a long position in eurcad right now with 400 pips profit. However in its journey to 400 pips the pairs has moved up and down over 1400 pips intraday. i have stressed over having the trade open and baby sat it. It would have been much easy 3 hours per day over that last 5 days to go in and make 100 pips a day (eurcad is a beast like gbpjpy)

Day trading is not for the novice trader ... mind you neither is the gbpjpy...lol

I just want to pint out that there is more than one way to skin a cat
Blogging daily now at www.volume.zone
  • #66,400
  • Mar 6, 2008 11:41pm Mar 6, 2008 11:41pm
Quoting malcolmb14
I am a day trader .... I trade right down to 1 min charts. Sure i can catch a nice 1000 pip move in a position trade in a week, but how often do those come along ?

As a day trader I can take 100 - 150 pips out of the gpbjpy day in day out

I am not bragging or anything .... I am just saying it is possible. I have a thread called gbpjpy scalpers where I have posting trades before they happen.

So if you are a position trader you are sitting in the gbpjpy at a down day yesterday ( draw down on your long), whereas the gbpjpy moved OVER 400 pips during the USA market hours only.

So as a day trader even if I got only 100 pips of that I am still beating the position trader for the day

I am not saying position trading is rubbish. I think it is awesome.

However I sleep a lot better knowing that my money is safe in cash while I am sleeping.

I have a long position in eurcad right now with 400 pips profit. However in its journey to 400 pips the pairs has moved up and down over 1400 pips intraday. i have stressed over having the trade open and baby sat it. It would have been much easy 3 hours per day over that last 5 days to go in and make 100 pips a day (eurcad is a beast like gbpjpy)

Day trading is not for the novice trader ... mind you neither is the gbpjpy...lol

I just want to pint out that there is more than one way to skin a cat
100-150 pips everyday constantly? not possible, and I'm 100% sure that your not doing that. if you want to prove me wrong please post up your statements for the last 6 month. out of all of these people who post up BS only 10% of them are making money which generating 10-30% a month constantly
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