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

  • #91,881
  • Jun 10, 2008 1:59pm Jun 10, 2008 1:59pm
Quoting Scrat
well, US session is closing soon, g-j broke through a minor trendline, i think we can call it a short.
I think now is the time... go yen!
  • #91,882
  • Jun 10, 2008 2:01pm Jun 10, 2008 2:01pm
Quoting JosV
I think now is the time... go yen!
we need a hammer for UJ also
  • #91,883
  • Jun 10, 2008 2:03pm Jun 10, 2008 2:03pm
Quoting malcolmb14
YM right on its VWAP with a rapid rsi buy trigger forming ..... we may get a bounce in the market here
YM bounce off VWAP is playing out 12280 long
Blogging daily now at www.volume.zone
  • #91,884
  • Jun 10, 2008 2:08pm Jun 10, 2008 2:08pm
Quoting malcolmb14
YM bounce off VWAP is playing out 12280 long

yep....
  • #91,885
  • Jun 10, 2008 2:09pm Jun 10, 2008 2:09pm
Weekly Geppy is showing a breach of the green 250 sma and a retrace of that breach. Possible upside targets are the red 200 sma at 213.54, and the 38 fib at 211.36 area. We saw serious rejection at the 209 area twice before it got breached. Expect it to provide decent support now. We have cluster support at the 206.67 area. Price is trading above the 5 sma high. Moms are bullish.
Attached Image (click to enlarge)
Click to Enlarge Name: geppy weekly.gif Size: 26 KB
  • #91,886
  • Jun 10, 2008 2:09pm Jun 10, 2008 2:09pm
Quoting malcolmb14
YM bounce off VWAP is playing out 12280 long

weak buying interest in YM I am out ... looks like we may get move to downside intio close on the markets
Blogging daily now at www.volume.zone
  • #91,887
  • Jun 10, 2008 2:12pm Jun 10, 2008 2:12pm
Quoting malcolmb14
weak buying interest in YM I am out ... looks like we may get move to downside intio close on the markets
what is "YM" please? i read it a lot
  • #91,888
  • Jun 10, 2008 2:15pm Jun 10, 2008 2:15pm
Quoting RonPaul2008
what is "YM" please? i read it a lot
read through the posts, it has been mentioned numerous times...
Patience + Discipline - Greed = Success
  • #91,889
  • Jun 10, 2008 2:17pm Jun 10, 2008 2:17pm
Quoting RonPaul2008
what is "YM" please? i read it a lot

YM is dj- emini futures .. $5 per contract per point move in the indexes

as a currency trader I watched the dj alot .. and thought I needed to trade it. So I asked around and found one of the best ways to do it was in the futures.

Now I love day trading index futures way more than currency , way easier,

I use volume foot print charts to tell me what the buyers and sellers are up to on each candle . You cannot go wrong !!!

The moves in the YM can be very fast .... it dropped 100 pips in 1 hour just on a retracement. I traded the downside today and am short again here at 12300 breakdown with downside target 12560

I use a 2 min and 3 min chart to trade with.
Blogging daily now at www.volume.zone
  • #91,890
  • Jun 10, 2008 2:19pm Jun 10, 2008 2:19pm
Take some of Karmo's patience pills, and quit trying to pick tops. Let the charts tell ya what to do. Daily candle is doji so far, meaning indecision. Tomorrow is triple swap day. Price is trading way above the daily 5 sma high, and the moms are all above 100, even though they may be turning down a bit. Back off and wait for a sell signal.
Attached Image (click to enlarge)
Click to Enlarge Name: geppy daily.gif Size: 27 KB
  • #91,891
  • Jun 10, 2008 2:23pm Jun 10, 2008 2:23pm
Nice charts. Great help to all of us.
Thanks.

Quoting ovaforty
Take some of Karmo's patience pills, and quit trying to pick tops. Let the charts tell ya what to do. Daily candle is doji so far, meaning indecision. Tomorrow is triple swap day. Price is trading way above the daily 5 sma high, and the moms are all above 100, even though they may be turning down a bit. Back off and wait for a sell signal.
  • #91,892
  • Jun 10, 2008 2:23pm Jun 10, 2008 2:23pm
lilmoe
agree with me choice a name for your system
  • #91,893
  • Jun 10, 2008 2:26pm Jun 10, 2008 2:26pm
Quoting malcolmb14

I use volume foot print charts to tell me what the buyers and sellers are up to on each candle . You cannot go wrong !!! .
Bill Williams MFI is the same thing really but not as visual
"Millionaires don't use astrology, billionaires do"
  • #91,894
  • Jun 10, 2008 2:28pm Jun 10, 2008 2:28pm
Quoting hussin naiji
lilmoe
agree with me choice a name for your system

sure, what would u call it?
  • #91,895
  • Jun 10, 2008 2:31pm Jun 10, 2008 2:31pm
this uptrend USDYEN with 300 pips for today . what is it ???
intervention or .....
  • #91,896
  • Jun 10, 2008 2:32pm Jun 10, 2008 2:32pm
do u guys who like.. use systems and things not feel like a bit like Dumbo... u can trade without them!!! just need to look at chart a few times on few tfs to see what move is likely, and think about fundamentals (eg, never go long the pound, or the zimbawbe dollar just cos the chart looks Up!) and also check what news is coming out soon that cud affect you... then trade!! no need for stochs divergences dojis and all this mumbo jumbo....jmho
  • #91,897
  • Jun 10, 2008 2:32pm Jun 10, 2008 2:32pm
Quoting hussin naiji
this uptrend USDYEN with 300 pips for today . what is it ???
intervention or .....

the new trend for years to come
"Millionaires don't use astrology, billionaires do"
  • #91,898
  • Jun 10, 2008 2:33pm Jun 10, 2008 2:33pm
Quoting lilmoe
sure, what would u call it?
no my good friend ,you must choice a name
  • #91,899
  • Jun 10, 2008 2:33pm Jun 10, 2008 2:33pm
Get back in there and SELL SELL SELL..
  • #91,900
  • Jun 10, 2008 2:34pm Jun 10, 2008 2:34pm
Quoting RonPaul2008
do u guys who like.. use systems and things not feel like a bit like Dumbo... u can trade without them!!! just need to look at chart a few times on few tfs to see what move is likely, and think about fundamentals (eg, never go long the pound, or the zimbawbe dollar just cos the chart looks Up!) and also check what news is coming out soon that cud affect you... then trade!! no need for stochs divergences dojis and all this mumbo jumbo....jmho
Spoken like a true newbie......
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