Don't forget Germany and the rest of Europe, can we rely on them for the move?
their session is one of easiest on cable.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #84,281
- May 25, 2008 10:00pm May 25, 2008 10:00pm
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
their session is one of easiest on cable.
- #84,282
- May 25, 2008 10:03pm May 25, 2008 10:03pm
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
no sell trigger in rsi or macd yet on 15 min , macd histogram still above zero line and fast still over slow.
also slope of rsi is up to neutral.
However not to worry , the max it should go to is 205.4
Attachment
i really hope it does, it would give shakes a chance to exit his "longs" at B/E
- #84,284
- May 25, 2008 10:07pm May 25, 2008 10:07pm
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
- #84,286
- May 25, 2008 10:09pm May 25, 2008 10:09pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
I see you answered the broker question above. Thanks.
If there was anyway I could get true volume on gj it would be awesome .
I trade with the YM with something called market delta. I watch a volume footprint chart and look for any divergences in volume at higher high candles( that is the sellers are overtaking the buyers) or lower lows
I have found in recent months that I am trading more futures than GJ ( day trading ) as it is about as volatile , but only in an 8 hour session ( 6am pst to 1pm pst) . This week we had 4x 400 point days and one 250 point day( straight down)
Here is the type of chart I trade off when trading futures. This chart is a 200 delta chart . That means I have set each candle to change once the difference between the amount of contract going off on the ask is 200 more than those going of on bid ( or the opposite for sells) .
The red line is the Open Range low. Note how the delta was -200 , -200 , -200 , -200 and -200 ( 2nd row down under the chart) , this showed heavy selling pressure on the breakdown of the open range low. The price proceeded down from the open range breakdown for 50 points , then at about 0830 ( 12485 price) price started to flatten , pushed lower for 3 points , then formed a bullish delta divergence( the delta went to green indicating a positive delta divergence as the price formed a lower low) . The rsi on a regular chart confirmed the buy trigger. It really helps when you can see inside a chart like this
Blogging daily now at www.volume.zone
- #84,288
- May 25, 2008 10:19pm May 25, 2008 10:19pm
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
u really are into this stuff, that chart looks like ancient Egyptian to me
If there was anyway I could get true volume on gj it would be awesome .
I trade with the YM with something called market delta. I watch a volume footprint chart and look for any divergences in volume at higher high candles( that is the sellers are overtaking the buyers) or lower lows
I have found in recent months that I am trading more futures than GJ ( day trading ) as it is about as volatile , but only in an 8 hour session ( 6am pst to 1pm pst) . This week we had 4x 400 point days and one 250 point day( straight down)
Here is the type of chart I trade off when trading futures. This chart is a 200 delta chart . That means I have set each candle to change once the difference between the amount of contract going off on the ask is 200 more than those going of on bid ( or the opposite for sells) .
The red line is the Open Range low. Note how the delta was -200 , -200 , -200 , -200 and -200 ( 2nd row down under the chart) , this showed heavy selling pressure on the breakdown of the open range low. The price proceeded down from the open range breakdown for 50 points , then at about 0830 ( 12485 price) price started to flatten , pushed lower for 3 points , then formed a bullish delta divergence( the delta went to green indicating a positive delta divergence as the price formed a lower low) . The rsi on a regular chart confirmed the buy trigger. It really helps when you can see inside a chart like this
Attachment
- #84,289
- May 25, 2008 10:26pm May 25, 2008 10:26pm
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
u really are into this stuff, that chart looks like ancient Egyptian to me
Once you get used to reading it it makes trading easier
Blogging daily now at www.volume.zone
- #84,290
- May 25, 2008 10:44pm May 25, 2008 10:44pm
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
why do i have this feeling that cable's going to retest 2.000 (or close) before heading back down....
- #84,291
- May 25, 2008 10:49pm May 25, 2008 10:49pm
- | Joined Nov 2006 | Status: Trader | 5,040 Posts
why do i have this feeling that cable's going to retest 2.000 (or close) before heading back down....
- #84,292
- May 25, 2008 10:55pm May 25, 2008 10:55pm
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
Don't, feeling is always deceitful
J/Kthere's a classic bullish divergence on the dailies. plus, we might see 1.9878 today if a 1h candle closes above 1.9830, i'm getting lots of buy signals and i will add another long in that scenario.
- #84,293
- May 25, 2008 10:56pm May 25, 2008 10:56pm
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
sorry, bullish divergence, just corrected it.
actually, lilmoe's feelings are derived from analysis
there's a classic bullish divergence on the dailies. plus, we might see 1.9878 today if a 1h candle closes above 198.30, i'm getting lots of buy signals and i will add another long in that scenario.
- #84,295
- May 25, 2008 11:08pm May 25, 2008 11:08pm
- Joined Aug 2007 | Status: The Weather Man | 8,859 Posts
i'm going for a nap 
see ya guys later.
see ya guys later.
