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

  • #125,601
  • Oct 23, 2008 5:48pm Oct 23, 2008 5:48pm
Quoting TraderStar
Looks like its doing its St. Vitus dance again....

30 pip jumps at a time ... how do you trade that??

you get in just before the 4sma crosses the 11
  • #125,602
  • Oct 23, 2008 5:49pm Oct 23, 2008 5:49pm
if this reverses up thru 158 all shorts off and getting long for ride back to 160
Blogging daily now at www.volume.zone
  • #125,603
  • Oct 23, 2008 5:50pm Oct 23, 2008 5:50pm
Quoting malcolmb14
if this reverses up thru 158 all shorts off and getting long for ride back to 160
157.80 long ... tight stop .. post chart in jiffy
Blogging daily now at www.volume.zone
  • #125,604
  • Oct 23, 2008 5:51pm Oct 23, 2008 5:51pm
Quoting malcolmb14
157.80 long ... tight stop .. post chart in jiffy
look at that buying 5 min ( wicks ) right on 38 % fib retrace

Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 22 KB
Blogging daily now at www.volume.zone
  • #125,605
  • Oct 23, 2008 5:52pm Oct 23, 2008 5:52pm
Quoting malcolmb14
if this reverses up thru 158 all shorts off and getting long for ride back to 160
Agreed, if we sit near support 1 at 157, i think we'll see upward spike during the early Asian toward 160.
  • #125,606
  • Oct 23, 2008 5:54pm Oct 23, 2008 5:54pm
Really getting on the volume kick
"Millionaires don't use astrology, billionaires do"
  • #125,607
  • Oct 23, 2008 5:55pm Oct 23, 2008 5:55pm
Quoting malcolmb14
look at that buying 5 min ( wicks ) right on 38 % fib retrace

Attachment
ASX opens in 5 mins. If it follws ftse and djia and goes up I expect gj to follow up too. Whaddya reckon M ?
  • #125,608
  • Oct 23, 2008 5:58pm Oct 23, 2008 5:58pm
Quoting janela
ASX opens in 5 mins. If it follws ftse and djia and goes up I expect gj to follow up too. Whaddya reckon M ?


looks like flag to me .... so yes i think you are right

Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 22 KB
Blogging daily now at www.volume.zone
  • #125,609
  • Oct 23, 2008 6:21pm Oct 23, 2008 6:21pm
Quoting malcolmb14
look at that buying 5 min ( wicks ) right on 38 % fib retrace

Attachment
this is awesome ... for newbie traders IF you have targets .. think not only of where to get out of shorts .. but where to go long ..... have a plan and execute. another 100 pippies in the bank
Blogging daily now at www.volume.zone
  • #125,610
  • Oct 23, 2008 6:24pm Oct 23, 2008 6:24pm
Quoting malcolmb14
this is awesome ... for newbie traders IF you have targets .. think not only of where to get out of shorts .. but where to go long ..... have a plan and execute. another 100 pippies in the bank
that was 50 % fib of move down .. the candle that tested it was high volume and large spread with no follow thru = get out out of long

Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 22 KB
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  • #125,611
  • Oct 23, 2008 6:28pm Oct 23, 2008 6:28pm
high volume , wide spread candle ending on 158 .... perfect for long entry for a few pippies

Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 22 KB
Blogging daily now at www.volume.zone
  • #125,612
  • Oct 23, 2008 6:33pm Oct 23, 2008 6:33pm
Malc, i just want to thank you for your help. well done. i am learning a lot from your post, continue please.
  • #125,613
  • Oct 23, 2008 6:35pm Oct 23, 2008 6:35pm
Malcomb,

Sorry if it has been covered before, but as this seems to work well, I'm trying to understand this better.

Which platform do you use that shows volume? It did not look high in your diag versus the previous candle. How are you reading as high volume? Also, what is wide spread candle? Wide spread from your broker?

Regards..

Quoting malcolmb14
high volume , wide spread candle ending on 158 .... perfect for long entry for a few pippies

Attachment
Regards, Android.
  • #125,614
  • Oct 23, 2008 6:35pm Oct 23, 2008 6:35pm
IMO, PA will reach 156.60 before jumping to 165.
Do not follow my trades. Trade what you see on your own charts.
  • #125,615
  • Oct 23, 2008 6:40pm Oct 23, 2008 6:40pm
adjusted my target to 153
  • #125,616
  • Oct 23, 2008 6:50pm Oct 23, 2008 6:50pm
Guys, M is doing something here with volume that is dangerous. VSA is tough stuff to wrap your brain around, trading it is tougher. Tread lightly and observe and undersstand its pyschology. Before jumping into something like this
No offence M they just need to know.
"Millionaires don't use astrology, billionaires do"
  • #125,617
  • Oct 23, 2008 6:54pm Oct 23, 2008 6:54pm
IMO, PA will reach 156.60 before jumping to 165.

Analisys explanation: 61.8% FR @ 156.60 and then wave 3 of retracement to 165 or higher which makes perfect inverse H/S pattern. Also, Daily has classic bullish divergence.
Do not follow my trades. Trade what you see on your own charts.
  • #125,618
  • Oct 23, 2008 6:57pm Oct 23, 2008 6:57pm
Monthly channel is very powerful.

If Monthly candle closes below lower TL then we go lower to at least 148 otherwise GJ will reverse to at least 50% fib @ 204.40.
Do not follow my trades. Trade what you see on your own charts.
  • #125,619
  • Oct 23, 2008 7:00pm Oct 23, 2008 7:00pm
Quoting OrionsWay
Guys, M is doing something here with volume that is dangerous. VSA is tough stuff to wrap your brain around, trading it is tougher. Tread lightly and observe and undersstand its pyschology. Before jumping into something like this
No offence M they just need to know.
Why is it dangerous ? Please explain as I am interested in VSA
  • #125,620
  • Oct 23, 2008 7:08pm Oct 23, 2008 7:08pm
Quoting janela
Why is it dangerous ? Please explain as I am interested in VSA

because the same thing observed over and over doesnt always mean the same thing. its a psychology/relationship and most important is what is the history behind whats happened. its a big picture of observation.

A good ? to ask yoruself always. who is in/who is out. who wants to hget in/who needs to get out
"Millionaires don't use astrology, billionaires do"
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