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

  • #151,241
  • Dec 31, 2008 10:26am Dec 31, 2008 10:26am
Quoting mktjong
yes .. it's a big one ..
am i the only one not following my system here? loooooool...

1st target hit in the speed of light, bearish HD on 4h, price bounced from 50ema, and hit 4h gann AND bounced again from there again... now that would have been PERFECT setups if i only took them

i need to put my bias aside, we're still in 2008 here, and in 2009 i will start trading my system BLINDLY... i PROMISE..
  • #151,242
  • Dec 31, 2008 10:29am Dec 31, 2008 10:29am
Quoting lilmoe
am i the only one not following my system here? loooooool...

1st target hit in the speed of light, bearish HD on 4h, price bounced from 50ema, and hit 4h gann AND bounced again from there again... now that would have been PERFECT setups if i only took them

i need to put my bias aside, we're still in 2008 here, and in 2009 i will start trading my system BLINDLY... i PROMISE..
I warned you.. my friend.. but only b/c I am a Year ahead.. [j/k]

  • #151,243
  • Dec 31, 2008 10:33am Dec 31, 2008 10:33am
Quoting PipChick
Sorry Piters but.....

he is in Aussie ... new year already
Blogging daily now at www.volume.zone
  • #151,244
  • Dec 31, 2008 10:35am Dec 31, 2008 10:35am
Quoting Piters
I warned you.. my friend.. but only b/c I am a Year ahead.. [j/k]

i know bro, i JUST saw them... i was away when it happened....
  • #151,245
  • Dec 31, 2008 10:35am Dec 31, 2008 10:35am
I am reading posts and wondering if pros are reading same posts ... they got you all where they want you


this was a classic market shakes out ... trap the bears in down moves and shake out the weak longs

this is going to be interesting how the gj plays out as of Jan 02 /2009......

how many are stuck in the short right now and did not close on the bottom at 130 ?
Blogging daily now at www.volume.zone
  • #151,246
  • Dec 31, 2008 10:40am Dec 31, 2008 10:40am
Quoting malcolmb14

how many are stuck in the short right now and did not close on the bottom at 130 ?
waste of breathe IMO
many look but dont see nor understand

those who can ? it not!!!!!
GL everyone and Happy new years
"Millionaires don't use astrology, billionaires do"
  • #151,247
  • Dec 31, 2008 10:44am Dec 31, 2008 10:44am
here is 60 min ... look at volume off lows to 133 .. that steady buying is noted by the higher volume each bar

by then enough bulls were in the market ... but pros do not like that

so a little shakes out on low liquidity was in order ... on GU also ... I have been long / short and long gu today for 550 pips so far in last 3 hrs only...

those poor suckers that got caught short and thought more coming ... good luck ...

look how the longs were shaken out ... and the pros that caused all thuis just bought more off the lows .... .

fairly simple and easy pips both sides of trades

Attached Image (click to enlarge)
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Blogging daily now at www.volume.zone
  • #151,248
  • Dec 31, 2008 10:55am Dec 31, 2008 10:55am
Quoting malcolmb14
here is 60 min ... look at volume off lows to 133 .. that steady buying is noted by the higher volume each bar

by then enough bulls were in the market ... but pros do not like that

so a little shakes out on low liquidity was in order ... on GU also ... I have been long / short and long gu today for 550 pips so far in last 3 hrs only...

those poor suckers that got caught short and thought more coming ... good luck ...

look how the longs were shaken out ... and the pros that caused all thuis just bought more off the lows .... .

fairly...
well I was not one of the short ones and feel bad for those who were. But I was wondering Malcolmb..since you ALWAYS make every pip there is to make in the mkt and then come in here and tell the losing noobs about those 550 pips, why not REALLY help them out and open a zulu acct? That would be awsome cause then they could make up the pips they may have lost without paying a fee while making them up. Just a suggestion.
  • #151,249
  • Dec 31, 2008 11:06am Dec 31, 2008 11:06am
Quoting PipChick
well I was not one of the short ones and feel bad for those who were. But I was wondering Malcolmb..since you ALWAYS make every pip there is to make in the mkt and then come in here and tell the losing noobs about those 550 pips, why not REALLY help them out and open a zulu acct? That would be awsome cause then they could make up the pips they may have lost without paying a fee while making them up. Just a suggestion.

Ok, OK, I was the short one, and exited few times.. last one I chicken out @ fibo 61, when price returned , but only with +37.

and I am going to be Short Unless I have a nice setup confirmation for LONG run.. with my EW count we need to complete wave 5 down to 127- 128//

BTW.. I was short (when a lot of traders were calling on Bottom and BULL run) on 134.1; I was short on 132.00; I was short on 131.50; and still I think we are NOT ON THE BOTTOM...


And I reshorted AGAIN on 132.75.. still my mid target is 127-128 area.

My Long term target is nearly 110 - 98.80

Stated many times HERE...
  • #151,250
  • Dec 31, 2008 11:11am Dec 31, 2008 11:11am
Quoting Piters
Ok, OK, I was the short one, and exited few times.. last one I chicken out @ fibo 61, when price returned , but only with +37.

and I am going to be Short Unless I have a nice setup confirmation for LONG run.. with my EW count we need to complete wave 5 down to 127- 128//

BTW.. I was short (when a lot of traders were calling on Bottom and BULL run) on 134.1; I was short on 132.00; I was short on 131.50; and still I think we are NOT ON THE BOTTOM...


And I reshorted AGAIN on 132.75.. still my mid target is 127-128 area.

My Long term target...
  • #151,251
  • Dec 31, 2008 11:16am Dec 31, 2008 11:16am
Quoting Piters
Ok, OK, I was the short one, and exited few times.. last one I chicken out @ fibo 61, when price returned , but only with +37.

and I am going to be Short Unless I have a nice setup confirmation for LONG run.. with my EW count we need to complete wave 5...
Nice View...frenz...
  • #151,252
  • Dec 31, 2008 11:19am Dec 31, 2008 11:19am
Happy New Year

luckily this short order has been canceled due to no margin left on this subaccount
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  • #151,253
  • Dec 31, 2008 11:19am Dec 31, 2008 11:19am
New here, (but not new to trading), and been reading the posts with interest.

Malcolm - How do you measure the volume? I did not think there was a definitive volume tool for FX.

Loads of UK data out on Friday 2nd, so I think another trip down is very likely. This run up is just closed book stuff isn't it.? I do agree with others though in that Sterling shorts do not have much steam left.
  • #151,254
  • Dec 31, 2008 11:22am Dec 31, 2008 11:22am
but piters.... this IS a bullish wedge, and we ARE over the that upper TL...

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  • #151,255
  • Dec 31, 2008 11:26am Dec 31, 2008 11:26am
Quoting lilmoe
but piters.... this IS a bullish wedge, and we ARE over the that upper TL...

Attachment
wow, yes bro.. I know.. I am seeing that as well.. and does confusing me some time.. BUT learned to believe in EW.. Maybe I am wrong.. canot say..

But.. the best I can do is ti switch to 1min / 5min / 15 min charts and PLAY
  • #151,256
  • Dec 31, 2008 11:29am Dec 31, 2008 11:29am
Quoting Piters
wow, yes bro.. I know.. I am seeing that as well.. and does confusing me some time.. BUT learned to believe in EW.. Maybe I am wrong.. canot say..

But.. the best I can do is ti switch to 1min / 5min / 15 min charts and PLAY

hmmmm, my m5, m15, and 1m are telling me to buy dips now

the only thing that is saying down is the 4h chart.... that's the only chart saying that on my platform...
  • #151,257
  • Dec 31, 2008 11:30am Dec 31, 2008 11:30am
Quoting PipChick
well I was not one of the short ones and feel bad for those who were. But I was wondering Malcolmb..since you ALWAYS make every pip there is to make in the mkt and then come in here and tell the losing noobs about those 550 pips, why not REALLY help them out and open a zulu acct? That would be awsome cause then they could make up the pips they may have lost without paying a fee while making them up. Just a suggestion.

vsa not that simple pipchick that you can make ea out of it.....that is the problem , if i could I would. The guys over at tradeguider software have generated a software that is a learning tool ... not a trading system... a learning tool. Even this they say cannot be automated.

with vsa each bars and the volume associated with it has a reaction .... this morning the buyers were well in control of GU ... you could see it in the price action of the candle. I was also watching the dollar index. Upside target GU was 1.4700 (whole number) and as price went into it on 5 min it was on high vol ( upthrust)

Once i got a no supply bar on DX ( low spread low vol down bar ) right on support and GU was at whole number 1.4700 with an upthrust bar and no follow thru likely hood it was a short . The human element of trading is what EAs lack .. and that is why most do not work.

If noobs want to learn how the market really works they need to get a copy of Tom Williams book .. Mastering the Markets .. and read it 20 times. It turned my trading upside down and stopped me getting into down moves like GJ if I was not already in them . Nothing can be so impulsive that it will not have a reaction to it .

NOOBS REMEMBER THIS ONE THING ALWAYS PROFESSIONALS BUY INTO WEAKNESS AND SELL INTO STRENGTH. I have often not been in strong moves up or down ... but wait for them to end ( the mastering the markets book explains How to look for this) and instead of making 200 pip on the 1st move made 200 pips plus on the moves after the impulsive move. ( like gu today we know support was at 1.4400 and when we got high vol , high spread down candle on 5 min with failure of follow thru and price came back above 1.4400 likely hood that the buyers was coming in was strong ( pros buy on weakness remember)

do you think the pros sell breakdowns of support .. NO ... they are already in the trade .. it is us retail traders that make such mistakes.

and in moves like the ones we had this morning indicators do not really work .. the one thing that is consistent in all market conditions and all markets is volume spread analysis ... understand what the pros are doing and then you will become a better trader.


here is gu chart explaining the trade

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Blogging daily now at www.volume.zone
  • #151,258
  • Dec 31, 2008 11:32am Dec 31, 2008 11:32am
Quoting ukdaytrader
New here, (but not new to trading), and been reading the posts with interest.

Malcolm - How do you measure the volume? I did not think there was a definitive volume tool for FX.

Loads of UK data out on Friday 2nd, so I think another trip down is very likely. This run up is just closed book stuff isn't it.? I do agree with others though in that Sterling shorts do not have much steam left.

esignal is the best place for vol ... it is tick volume form over 300 sources

mt4 has brokers vol , which is also ok .... as when looking at volume it is only the current bar relative to the back ground (previous bars)that you are interested in ....
Blogging daily now at www.volume.zone
  • #151,259
  • Dec 31, 2008 11:34am Dec 31, 2008 11:34am
Thanks Malcolm.
  • #151,260
  • Dec 31, 2008 11:53am Dec 31, 2008 11:53am
I place stop order before friday closing. During market opening on sunday if price jump I am expecting my stop order will be filled at the price that set during friday close.

But this is not the case for some broker because my trades prices will be adjusted to the market opening price during market open.

Can anyone help me to answer this question why this happen and how to overcome this problem.

Thank you.
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