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

  • #152,961
  • Jan 14, 2009 2:12pm Jan 14, 2009 2:12pm
Quoting mirex
i know you are a very experienced trader and i have learned ALOT from you.

gbpusd will go up, like you said, but smart money see and KNOWS what you are saying and they want it up to, but they want new low first so they can position themself.

if you are smart money, and you see money flowing into GBP, would you jump in it? or would you take it down first so you position yourself better?

don't be silly and get on the bus, it's going to make a new low, then you can buy at a much better price

i had this typed up a bit ago but didnt want to...

lol

starbucks...

I understand what you mean ..... but for us to see what pros think is the bottom we have to look to volume ..

check out tradeguider software .. really good stuff and a lot of learning tools for VSA

DR Geppy introduced it to me .. i used to trade stock using simple volume ...
Blogging daily now at www.volume.zone
  • #152,962
  • Jan 14, 2009 2:14pm Jan 14, 2009 2:14pm
Quoting mktjong
It's coming down ..
yes, but not convinced yet that it will be now
  • #152,963
  • Jan 14, 2009 2:15pm Jan 14, 2009 2:15pm
Quoting malcolmb14
lol

starbucks...

I understand what you mean ..... but for us to see what pros think is the bottom we have to look to volume ..

check out tradeguider software .. really good stuff and a lot of learning tools for VSA

DR Geppy introduced it to me .. i used to trade stock using simple volume ...
The treasuries of both US and Europe were closed in dire state .. it shall keep yen cross pairs pressured.
  • #152,964
  • Jan 14, 2009 2:15pm Jan 14, 2009 2:15pm
5 min with my 30 pip lines

guess where i have been shorting from all morning for 30 - 40 pip ago ..

look at the volume off the dp ...

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Blogging daily now at www.volume.zone
  • #152,965
  • Jan 14, 2009 2:17pm Jan 14, 2009 2:17pm
Quoting mktjong
It's coming down ..
YEP, and goes directly to 127.10

  • #152,966
  • Jan 14, 2009 2:18pm Jan 14, 2009 2:18pm
Quoting malcolmb14
lol

starbucks...

I understand what you mean ..... but for us to see what pros think is the bottom we have to look to volume ..

check out tradeguider software .. really good stuff and a lot of learning tools for VSA

DR Geppy introduced it to me .. i used to trade stock using simple volume ...

i read a little bit about it. it was a bit pricey.

my call wasnt really an assumption but it was price action from yesterday and today. yesterday g/u spiked up to 4700, but there was no volume (i did not know this, someone said it) i was actually long, but added more to the table without realizing and lost a little bit of money instead of winning. then i read and people were saying there was no volume on asia up yesterday. So price went higher, g/j to 132 and got sold to 129. lets' face it. the market like new low, and if it does not see it, it's not going to be happy.

it retrace back. I jump in short it and since that moment on, i realize what the market was trying to do. yesterday g/j hover at around 129-130 while e/j trying to make a "low" it didnt, it got close. Which was weird so then i analyze it more and understand that was just half of the game, the other half is here where e/j and g/j both get to a newer low
  • #152,967
  • Jan 14, 2009 2:20pm Jan 14, 2009 2:20pm
Quoting Piters
YEP, and goes directly to 127.10



thank god i'm not here by myself lol, was beginning to feel lonely.
  • #152,968
  • Jan 14, 2009 2:23pm Jan 14, 2009 2:23pm
Quoting mirex


thank god i'm not here by myself lol, was beginning to feel lonely.
NOP, you are not...

check my posts, I posted few charts with 1H, 4H and 15 min channels

that is what I trade all day

cheers...
  • #152,969
  • Jan 14, 2009 2:23pm Jan 14, 2009 2:23pm
Quoting mirex
i read a little bit about it. it was a bit pricey.

then i read and people were saying there was no volume on asia up yesterday. So price went higher, g/j to 132 and got sold to 129. lets' face it. the market like new low, and if it does not see it, it's not going to be happy.

The only purpose of a market is to follow order flow bid/offer if market needs to fill the orders above and its the path of least resistance like water thats where its going. Only problem is u and I cannot see these orders on the books

Little secret big shark doesnt swim in anything under 4hr i suspect
"Millionaires don't use astrology, billionaires do"
  • #152,970
  • Jan 14, 2009 2:27pm Jan 14, 2009 2:27pm
Quoting OrionsWay
The only purpose of a market is to follow order flow bid/offer if market needs to fill the orders above and its the path of least resistance like water thats where its going. Only problem is u and I cannot see these orders on the books

Little secret big shark doesnt swim in anything under 4hr i suspect

yes, supply and demand in economics. But i though we agree a long time ago that this market is move by smart money?
  • #152,971
  • Jan 14, 2009 2:28pm Jan 14, 2009 2:28pm
I am trading this 1H channel from 141.50
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  • #152,972
  • Jan 14, 2009 2:29pm Jan 14, 2009 2:29pm
here was great long i took 1.4560 for quick 16 pip scalp

note high vol on a doji ... this mostly indicates buyers. .... take long off lows of candle if you can get it

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Blogging daily now at www.volume.zone
  • #152,973
  • Jan 14, 2009 2:30pm Jan 14, 2009 2:30pm
and zoomed on 15 min Chart:
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  • #152,974
  • Jan 14, 2009 2:32pm Jan 14, 2009 2:32pm
here comes e/g...
  • #152,975
  • Jan 14, 2009 2:32pm Jan 14, 2009 2:32pm
Quoting mirex
yes, supply and demand in economics. But i though we agree a long time ago that this market is move by smart money?
ok, just reread the books, really!

the mrket moves because of supply & demand.
smart money is just the group of people able to really read the charts, vol and spot opportunities to bring their big positions into the market when the idiotmoney is on the wrong side, like most of the time.
such wide spread bars like we saw them on the 15m, perfectly down to 129.60 spring, is a spot for smart boys to long in case they expect higher prices.
how can the following bar reverse the previous bar if that was all selling?...
  • #152,976
  • Jan 14, 2009 2:33pm Jan 14, 2009 2:33pm
and the Big Picture 4H with my mid term target @ 127.10 as confluence as well with 1995 April LOW [127.08]
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  • #152,977
  • Jan 14, 2009 2:36pm Jan 14, 2009 2:36pm
Quoting Dr.Geppynius
ok, just reread the books, really!

the mrket moves because of supply & demand.
smart money is just the group of people able to really read the charts, vol and spot opportunities to bring their big positions into the market when the idiotmoney is on the wrong side, like most of the time.
such wide spread bars like we saw them on the 15m, perfectly down to 129.60 spring, is a spot for smart boys to long in case they expect higher prices.
how can the following bar reverse the previous bar if that was all selling?...
what if that is just to position? would be silly to go from 132 to 127 in 1 run

so it does 132 to 129, then retrace to 130ish, then down to 126-127...then stack up some more long. I had a few long at 116.70 e/j yesterday and i followed it down there from a short..and i closed it after i realize what is happening.
  • #152,978
  • Jan 14, 2009 2:36pm Jan 14, 2009 2:36pm
Quoting Dr.Geppynius
ok, just reread the books, really!

the mrket moves because of supply & demand.
smart money is just the group of people able to really read the charts, vol and spot opportunities to bring their big positions into the market when the idiotmoney is on the wrong side, like most of the time.
such wide spread bars like we saw them on the 15m, perfectly down to 129.60 spring, is a spot for smart boys to long in case they expect higher prices.
how can the following bar reverse the previous bar if that was all selling?...
This is only a warm up selling to prepare for a giant one ..
  • #152,979
  • Jan 14, 2009 2:37pm Jan 14, 2009 2:37pm
Quoting Piters
and the Big Picture 4H with my mid term target @ 127.10 as confluence as well with 1995 April LOW [127.08]
y, channel on which i based my ss call on monday and tgt ltl.
ss from top supply line. decent move.

current PA is just sitting on hands...or scalp your butt off.
  • #152,980
  • Jan 14, 2009 2:38pm Jan 14, 2009 2:38pm
We are in desperate times..The things people do for money...



I might sell my virginity..How will they know?





http://www.cnn.com/video/#/video/bes...ty.auction.cnn
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