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

  • #74,961
  • Apr 23, 2008 6:34pm Apr 23, 2008 6:34pm
Quoting malcolmb14
120 up , 100 down , 50 up 50 down.... do not see 10 pips.....

Attachment
sorry, i see u said last few hours. But d last 6 1hr candles have been like 10pips, 18pips , 30pips, 30pips, 30pips and 40pips.

Maybe u are talking about NY start to London close, thats when we had all those movements, which i think could have been traded on 30min and 1hr charts. D last 6hr is what i would have traded d way u sugessted. correct me if am wrong
  • #74,962
  • Apr 23, 2008 6:34pm Apr 23, 2008 6:34pm
market seems kinda thin
"Millionaires don't use astrology, billionaires do"
  • #74,963
  • Apr 23, 2008 6:49pm Apr 23, 2008 6:49pm
Quoting OrionsWay
market seems kinda thin
Japan's too busy lending money than selling currency. The market is frozen!
  • #74,964
  • Apr 23, 2008 6:51pm Apr 23, 2008 6:51pm
Quoting OrionsWay
market seems kinda thin
OrionsWay, the market isn't a chick, you won't get your way with her by saying she looks thin
  • #74,965
  • Apr 23, 2008 6:57pm Apr 23, 2008 6:57pm
Daily Price Action : Inside Bar.

The last Daily Inside Bar went for 850+ pips. Should be interesting.

(Yellow areas are Weekly IBs)
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #74,966
  • Apr 23, 2008 6:58pm Apr 23, 2008 6:58pm
Quoting Traderschoic
OrionsWay, the market isn't a chick, you won't get your way with her by saying she looks thin
If thats the case id like to call her 2 ton tessy, she could use to put on a ton or 2
"Millionaires don't use astrology, billionaires do"
  • #74,967
  • Apr 23, 2008 7:11pm Apr 23, 2008 7:11pm
Quoting jarroo
Daily Price Action : Inside Bar.

The last Daily Inside Bar went for 850+ pips. Should be interesting.

(Yellow areas are Weekly IBs)
Jarroo,

That's a bearish bar no?
Patience + Humility + Study = Success
  • #74,968
  • Apr 23, 2008 7:15pm Apr 23, 2008 7:15pm
The gu just can,t break that lower trend line. It hit 3 times in last 4 hours..Sitting on it now and it just might melt thru and fall....
  • #74,969
  • Apr 23, 2008 7:18pm Apr 23, 2008 7:18pm
Quoting jarroo
Daily Price Action : Inside Bar.

The last Daily Inside Bar went for 850+ pips. Should be interesting.

(Yellow areas are Weekly IBs)
jaroo, isnt d previous bar also an inside bar.
  • #74,970
  • Edited 7:48pm Apr 23, 2008 7:19pm | Edited 7:48pm
Quoting DutchTrader
Jarroo,

That's a bearish bar no?
Yes, it's a bearish Bar, but I play the top and/or the bottom of IBs.

The Daily time frame is bearish long term and bullish short term.
So, it could break either way. Usually, high probability trades would go with the overall trend. Meaning Bullish PA in an uptrend and Bearish PA in a downtrend.

Price Action on the 4 hour chart should show us the way.
Indicators show the past. Price Action "Indicates" the future.
  • #74,971
  • Apr 23, 2008 7:22pm Apr 23, 2008 7:22pm
Quoting DutchTrader
Jarroo,

That's a bearish bar no?
its neither bearesh nor bullish. d concept is if it breaks upwatds u buy, if u break downwards u sell
  • #74,972
  • Apr 23, 2008 7:23pm Apr 23, 2008 7:23pm
Quoting ephisi
jaroo, isnt d previous bar also an inside bar.
Sunday Bars don't count. Not enough data to fill a Daily Bar, Market startup, etc.

(Speaking in a whisper) But I have played them before.
Indicators show the past. Price Action "Indicates" the future.
  • #74,973
  • Apr 23, 2008 7:25pm Apr 23, 2008 7:25pm
Quoting jarroo
Yes, it's a bearish Bar, but I play the top or the bottom of IBs.

The Daily time frame is bearish long term and bullish short term.
So, it could break either way. Usually, high probability trades would go with the overall trend. Meaning Bullish PA in an uptrend and Bearish PA in a downtrend.

Price Action on the 4 hour chart should show us the way.
If you look on the Daily or even the 4 Hour chart, and compare GBP/CHF and GBP/YEN, you'll see they move very similar. To me it looks like GBP/CHF is up up up, what do you think?
  • #74,974
  • Apr 23, 2008 7:25pm Apr 23, 2008 7:25pm
Quoting DutchTrader
Jarroo,

That's a bearish bar no?
Question, totally off topic. I have never known how to answer a question that has a pre answer.. How do I do that? If I say yes to Dutch that means yes, your no is correct? Or if I say no I confrim his no.. I'm sorry but this has been a issue with me. Please help me out here...
  • #74,975
  • Apr 23, 2008 7:26pm Apr 23, 2008 7:26pm
Quoting jarroo
Yes, it's a bearish Bar, but I play the top or the bottom of IBs.

The Daily time frame is bearish long term and bullish short term.
So, it could break either way. Usually, high probability trades would go with the overall trend. Meaning Bullish PA in an uptrend and Bearish PA in a downtrend.

Price Action on the 4 hour chart should show us the way.

was my answer right? tot u were out.
  • #74,976
  • Apr 23, 2008 7:27pm Apr 23, 2008 7:27pm
The daily momentums of FXDD show a bullish bias. All momentums are pointed upwards and the 10C and 14C are over the zero line. Based on the 5-sma channel downside should be limited to the 5-sma low of approx 203.80 and the upside target would be 206.70

Interbank broker also has the same bullish sentiment. The day has started right at the 5-sma low, with the 14c sharply upturned. This indicates a limited downside and the day ending on a bullish note.

Daily momentums are just a general guideline and should not be traded on its own. As Malcolm suggests news could change things dramatically. But I am beginning to believe that most news is reflected in the general momentum. We will see how this plays out.
Attached Images
  • #74,977
  • Apr 23, 2008 7:31pm Apr 23, 2008 7:31pm
wouldnt that be the perfect storm if yen and cable rallied and chunnel sold off
"Millionaires don't use astrology, billionaires do"
  • #74,978
  • Apr 23, 2008 7:32pm Apr 23, 2008 7:32pm
lol
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  • #74,979
  • Apr 23, 2008 7:32pm Apr 23, 2008 7:32pm
Quoting Clouds
If you look on the Daily or even the 4 Hour chart, and compare GBP/CHF and GBP/YEN, you'll see they move very similar. To me it looks like GBP/CHF is up up up, what do you think?
No. It looks like the yesterday's Daily candle is a few pips higher. Could be a Double Top S/R level.
Indicators show the past. Price Action "Indicates" the future.
  • #74,980
  • Apr 23, 2008 7:33pm Apr 23, 2008 7:33pm
Quoting OrionsWay
wouldnt that be the perfect storm if yen and cable rallied and chunnel sold off
Yes
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