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

  • #136,181
  • Nov 13, 2008 3:22pm Nov 13, 2008 3:22pm
Quoting iiivb
just for the records...

GBP/JPY spread @ MB Trading ECN borker is...

ONLY...

38 pips atm...

and 30 mins ago was...

ONLY...

45 pips...
I quite them in september, but before they gave pretty steady spread, even inverse one
  • #136,182
  • Nov 13, 2008 3:24pm Nov 13, 2008 3:24pm
Quoting iiivb
just for the records...

GBP/JPY spread @ MB Trading ECN borker is...

ONLY...

38 pips atm...

and 30 mins ago was...

ONLY...

45 pips...
IBFX 9pip fixed + 3to 5 requotes = 40pip spread too
  • #136,183
  • Nov 13, 2008 3:24pm Nov 13, 2008 3:24pm
Quoting peaches
I was asking a few hours ago.

from what I know, big volume = change in trend, but I`m not sure.
you cannot generalize that.
it isn't that easy and it depends on where the vol occurs. it could also well be just continuation
  • #136,184
  • Nov 13, 2008 3:26pm Nov 13, 2008 3:26pm
Quoting bpatto
Usually that is the case.

On the other side of the coin:

Low volumes + big price moves = Manipulation.
not necessarily. as i said, it isnt that easy...
it could well be interim dryup of interest which does not need to result in a directional change.
it just can give a hint how the bias is when professional money stays out of the market. if there is no appropriate response to that, you can assume there's no selling interest from the professioanl side. that's why one bar tells nothing, it is a story that unfolds.
  • #136,185
  • Nov 13, 2008 3:26pm Nov 13, 2008 3:26pm
Quoting pipsbull
I quite them in september, but before they gave pretty steady spread, even inverse one
yea, spreads get terrible for MB between 4 and 6 (EST) ... saw a 70 pip one the other day. But during the day no problems.
  • #136,186
  • Nov 13, 2008 3:33pm Nov 13, 2008 3:33pm
Look at the Daily.

5MA and R1 sitting at ~148.

Entering short again if we get there.

B
  • #136,187
  • Nov 13, 2008 3:33pm Nov 13, 2008 3:33pm
Quoting pkimnyc
this looks like the C wave you've been waiting for.
B wave overshot down taking the low of 5th wave, which happens sometimes.
will post a chart later.

don't think this is a reversal, since wave A has 3 wave structures. in order for this to be impulse, i think it should have 5 waves within the wave A.
Great analysis, I was trying to sort things out this morning while scalping to make up for last nights losses. Almost BE now.

I have to brush up with wave count variations, exceptions, etc...

I was just hoping the correction would have been as easy to spot as the 5 waves down previously. But I guess that's like trying to put a leash on an alligator.
What's that smell?
  • #136,188
  • Nov 13, 2008 3:33pm Nov 13, 2008 3:33pm
Quoting gadawg
yea, spreads get terrible for MB between 4 and 6 ... saw a 70 pip one the other day. But during the day no problems.
honestly i like much better this pseudo-ecn scheme...

i dont care this temporal big spreads... because what is the case in having fixed spreads like in forex solutions that when u wanna enter or exit says "price has expired"...

i love transparency... and ecn are the closest thing in forex trading for transparency... though is not like TURE ecn based on exchanges...

i mean.. something is something right? hehe
  • #136,189
  • Nov 13, 2008 3:36pm Nov 13, 2008 3:36pm
lol, 500 pip move and then deadski
  • #136,190
  • Nov 13, 2008 3:36pm Nov 13, 2008 3:36pm
Quoting jon clogger
Great analysis, I was trying to sort things out this morning while scalping to make up for last nights losses. Almost BE now.

I have to brush up with wave count variations, exceptions, etc...

I was just hoping the correction would have been as easy to spot as the 5 waves down previously. But I guess that's like trying to put a leash on an alligator.
corrections can be very complicated to figure out. best way is to stay out.
  • #136,191
  • Nov 13, 2008 3:37pm Nov 13, 2008 3:37pm
Quoting iiivb
honestly i like much better this pseudo-ecn scheme...

i dont care this temporal big spreads... because what is the case in having fixed spreads like in forex solutions that when u wanna enter or exit says "price has expired"...

i love transparency... and ecn are the closest thing in forex trading for transparency... though is not like TURE ecn based on exchanges...

i mean.. something is something right? hehe
I think so. The thing I like is ... when I request a wire they get it out that day... and they don't hunt my stops (my previous broker was notorious for that)
  • #136,192
  • Nov 13, 2008 3:37pm Nov 13, 2008 3:37pm
Quoting jaxbeach007
lol, 500 pip move and then deadski
thats how it is when every of the trading sessions around the globe is closed.
  • #136,193
  • Nov 13, 2008 3:38pm Nov 13, 2008 3:38pm
Right now if this 5m bull flag plays out we may cross the 4 hr gann and 4hr qqe
  • #136,194
  • Nov 13, 2008 3:39pm Nov 13, 2008 3:39pm
wow what a final hour...i've been calling for a change in trend in the medium term...and this could be it...baby

i think if we get another rally on high volume tomorrow..well pips you uncle..baby
  • #136,195
  • Nov 13, 2008 3:43pm Nov 13, 2008 3:43pm
Quoting Dr.Geppynius
not necessarily. as i said, it isnt that easy...
it could well be interim dryup of interest which does not need to result in a directional change.
it just can give a hint how the bias is when professional money stays out of the market. if there is no appropriate response to that, you can assume there's no selling interest from the professioanl side. that's why one bar tells nothing, it is a story that unfolds.
I probably generalised it a bit. Manipulation does not mean a change in overall direction, usually (not always) it is big money trying to get better prices before continuation.

In thin volume the big boys can't get their money into the market, because their are not enough buyers/sellers to soak up big money, so they move the price till they find them.

Volume trading is a tricky and unique way of trading.
{Some Profound Statement goes here}
  • #136,196
  • Nov 13, 2008 3:45pm Nov 13, 2008 3:45pm
Yeeks - I've just been out for an excellent dinner, having closed all open positions first as the early action in the US session was all chop......now I return to see that the Dow rallied over 900 points in 3 hours - well if that's not help from the PPT then I dont know what is!

Doubtless the "Talking Heads" will come up with an explaination.

IMO the message is very clear - dont get gready, and Protect your Profits ..http://www.forexfactory.com/images/icons/icon12.gif
Trading Levels with WRBs
  • #136,197
  • Nov 13, 2008 3:49pm Nov 13, 2008 3:49pm
Quoting Islander
IMO the message is very clear - dont get gready, and Protect your Profits ..http://www.forexfactory.com/images/icons/icon12.gif
And when trading the beast, keep an eye on the 15 min chart and don't fight it
  • #136,198
  • Nov 13, 2008 3:50pm Nov 13, 2008 3:50pm
G/Y:

TF 4H upper shadow touching the GANN. Hovering around D Pivot 144.977.

Also, 145.135 Resistance.

G/Y is
  • #136,199
  • Nov 13, 2008 3:52pm Nov 13, 2008 3:52pm
Quoting bpatto
I probably generalised it a bit. Manipulation does not mean a change in overall direction, usually (not always) it is big money trying to get better prices before continuation.

In thin volume the big boys can't get their money into the market, because their are not enough buyers/sellers to soak up big money, so they move the price till they find them.

Volume trading is a tricky and unique way of trading.
vsa is the most lovely of all trading styles and the only which tells the truth. clean charts, just price & vol showing true sup&dem

big boys always play their games, fishing stops, shaking prices around and marking prices up in a weak market to suck some bulls in for shorting into this buying. just one of their maneuvers.

but it is dangerous to generalize such things here, because many can get a wrong grasp of it
  • #136,200
  • Nov 13, 2008 3:53pm Nov 13, 2008 3:53pm
4H and D TF trending down.... ????

Why doesn't it do what it's supposed too...!!!!
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