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

  • #150,761
  • Dec 22, 2008 11:15am Dec 22, 2008 11:15am
price is going to close above the 15M 50 EMA in 1 minute. Though 133.30 is a res level.

I'll try a small long there if candle closes above EMA and convincingly above 133.30
Discipline + Patience - Fear - Greed = Success
  • #150,762
  • Edited 11:29am Dec 22, 2008 11:16am | Edited 11:29am
Quoting toyboy tramp
Will do, thanks Milk Bar Kid, I guess an e-signal subscription is required to implement this trading technique.

any volume is valid as long as it remains a constant throughout time, for every chart is basically the same around the world and the volumes in comparison to the Bar u are analyzing should remain a constant order flow though out time to the spread of that bar or future bars.

The whole thing is about identifyinhg professional activity or the lack of it, for only professional interventions can make such hi volume bars. Its just noticing the activity in relatioship to the spread of the bar and then comparing that to whats behind it to the left of chart.


You are basically just reading candlesticks with another dimension to it ACTIVITY which can help identify the truest nature of what is being represented.

Now u can even add another dimension to what is being represented with the above Called Bill Williams Market facsilitation index. this indetifies the velocity of thrust with greens, squats fades and fakes who is in or out and what type of mechanics of the volume being represented
"Millionaires don't use astrology, billionaires do"
  • #150,763
  • Dec 22, 2008 11:23am Dec 22, 2008 11:23am
Quoting arezab
Thanks for explanation mate ... I'm still a beginner in this
Dr Geppy is best at this ...... I am just learning also

but these high volume down bars with no follow thru are great signs of strength coming into the markets .. specially if an indie has a bullish divergence

look at 15 min chart ... high volume down into support .... and immediate reaction to it took us up 120 pips

it almost seems they are marking the market down during low liquidity ....got to check with Dr G on this one , but if they are think 140 GJ in the New Year

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  • #150,764
  • Dec 22, 2008 12:01pm Dec 22, 2008 12:01pm
she's starting to look a little weak.
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"Don't trade to trade . . . trade to win." - James16
  • #150,765
  • Dec 22, 2008 12:17pm Dec 22, 2008 12:17pm
London boys all gone home ... volume die right off ....

nice run off the high volume lows ( stopping volume for 150 pips) ....

I am out for today ... may trade a bit of Ym futures last 1.5 hours of market

Have a great day everyone

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  • #150,766
  • Dec 22, 2008 12:18pm Dec 22, 2008 12:18pm
Quoting malcolmb14
London boys all gone home ... volume die right off ....

nice run off the high volume lows ( stopping volume for 150 pips) ....

I am out for today ... may trade a bit of Ym futures last 1.5 hours of market

Have a great day everyone

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"Don't trade to trade . . . trade to win." - James16
  • #150,767
  • Dec 22, 2008 12:19pm Dec 22, 2008 12:19pm
Now, is anybody going short @133.60 area or higher? ..
  • #150,768
  • Dec 22, 2008 12:21pm Dec 22, 2008 12:21pm
Quoting mktjong
Now, is anybody going short @133.60 area or higher? ..
higher 134.40 ish if we get there
  • #150,769
  • Dec 22, 2008 12:27pm Dec 22, 2008 12:27pm
Quoting cohiba pips
higher 134.40 ish if we get there
It's currently at DP .. still undecided where it wants to go. Looks weak tho .. lol ..
  • #150,770
  • Dec 22, 2008 12:28pm Dec 22, 2008 12:28pm
Quoting malcolmb14
Dr Geppy is best at this ...... I am just learning also

but these high volume down bars with no follow thru are great signs of strength coming into the markets .. specially if an indie has a bullish divergence

look at 15 min chart ... high volume down into support .... and immediate reaction to it took us up 120 pips

it almost seems they are marking the market down during low liquidity ....got to check with Dr G on this one , but if they are think 140 GJ in the New Year

Attachment
Yes ,,, I see this falling volume and this huge wedge reversal pattern completing on H4 chart. The narrowing wedge coincides with falling volume so I think it is highly probable that price breaks UTL of the wedge.

If this happens with a reasonable rise in volume when breaking through UTL, then those colored S/R levels on the chart will be available quickly.

But if it breaks through LTL then a scary market could be witnessed next year and a 2 digits GJ is going to be very possible.
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Discipline + Patience - Fear - Greed = Success
  • #150,771
  • Dec 22, 2008 12:33pm Dec 22, 2008 12:33pm
Quoting mktjong
Now, is anybody going short @133.60 area or higher? ..

looking weak in this area for sure and higher volume is on down candles on 5 min ( though overall volume has dropped off in the market)
Blogging daily now at www.volume.zone
  • #150,772
  • Dec 22, 2008 12:39pm Dec 22, 2008 12:39pm
Quoting arezab
Yes ,,, I see this falling volume and this huge wedge reversal pattern completing on H4 chart. The narrowing wedge coincides with falling volume so I think it is highly probable that price breaks UTL of the wedge.

If this happens with a reasonable rise in volume when breaking through UTL, then those colored S/R levels on the chart will be available quickly.

But if it breaks through LTL then a scary market could be witnessed next year and a 2 digits GJ is going to be very possible.


falling volume would be expected this time of year and the market will drop easier on low volume than it will rise . We could be getting mark down of the market at these levels.

According to fib time lines Jan 2nd is going to be a pivot. At the moment i am thinking pivot lows the way the market is going.
Blogging daily now at www.volume.zone
  • #150,773
  • Dec 22, 2008 1:04pm Dec 22, 2008 1:04pm
Quoting arezab
Yes ,,, I see this falling volume and this huge wedge reversal pattern completing on H4 chart. The narrowing wedge coincides with falling volume so I think it is highly probable that price breaks UTL of the wedge.

If this happens with a reasonable rise in volume when breaking through UTL, then those colored S/R levels on the chart will be available quickly.

But if it breaks through LTL then a scary market could be witnessed next year and a 2 digits GJ is going to be very possible.


Volume and TL's the gas going through isnt whats most important, the setup is on the approach, 85% of TL breaks are fakes, but one can tell if it is going to break or hold just by the approach of conviction upon it.
"Millionaires don't use astrology, billionaires do"
  • #150,774
  • Dec 22, 2008 1:05pm Dec 22, 2008 1:05pm
Quoting OrionsWay
Volume and TL's the gas going through isnt whats most important, the setup is on the approach, 85% of TL breaks are fakes, but one can tell if it is going to break or hold just by the approach of conviction upon it.
I see what you mean by watching CCI.
"Don't trade to trade . . . trade to win." - James16
  • #150,775
  • Dec 22, 2008 1:24pm Dec 22, 2008 1:24pm
short again @ 33.60
"Millionaires don't use astrology, billionaires do"
  • #150,776
  • Dec 22, 2008 1:27pm Dec 22, 2008 1:27pm
Quoting OrionsWay
short again @ 33.60
same - you targeting 132.70?
  • #150,777
  • Dec 22, 2008 1:31pm Dec 22, 2008 1:31pm
Quoting hadleyma
same - you targeting 132.70?

seems reasonable
"Millionaires don't use astrology, billionaires do"
  • #150,778
  • Dec 22, 2008 1:32pm Dec 22, 2008 1:32pm
Quoting OrionsWay
short again @ 33.60
short does not look like a bright idea, but with tokyo closed with bank holiday, the volume will kill me if i stay here.
  • #150,779
  • Dec 22, 2008 1:33pm Dec 22, 2008 1:33pm
Quoting junglelion
short does not look like a bright idea, but with tokyo closed with bank holiday, the volume will kill me if i stay here.

curious, what's your rationale?
  • #150,780
  • Dec 22, 2008 1:35pm Dec 22, 2008 1:35pm
Quoting hadleyma
curious, what's your rationale?
when i swish my tail, the wind tells me the direction.

i will exit my current longs @ 134.38 or above
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