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

  • #153,181
  • Jan 15, 2009 3:01am Jan 15, 2009 3:01am
It may just play arount between this TL and may retest @ 129.28 and if break may fall to 128.56 or evan new low...I am short right now @130.13 and TP @ 129.30 first..see how lol and now what M5 obviously can seen no demand for buy...(its correct Dr.G)
Attached Image (click to enlarge)
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  • #153,182
  • Jan 15, 2009 3:06am Jan 15, 2009 3:06am
problem with the high vol on dow is that i appeared on an upbar. selling climax has to be a down bar with next bar up.
nevertheless i think we have a good base for a rally here.

you just should pay attention to the key areas i mentioned. market will move off of those.
  • #153,183
  • Jan 15, 2009 3:07am Jan 15, 2009 3:07am
Quoting Dr.Geppynius
i am ss gbpcad 8190. long term ss with stp 8340. no tgt, trailing stp.

we have to move to either side on futures, without a doubt. i still stick to the rallymode like i said yesterday.

key / trigger numbers for THIS week:
s&p 828 / whole ast week 928
nq 1165 / whole ast week 1233
ym 8140 / whole last week 8931
oil 37.60 / wholel ast week 48.50
russel 451.70 / whole last week 494

watch out for action there.
nice call i agree for shorting GBPCAD but i think GBPNZD will be a better chance

just put gann hil line and draw down trend on weekly and see where is the price right now
  • #153,184
  • Jan 15, 2009 3:08am Jan 15, 2009 3:08am
Quoting grashid
It may just play arount between this TL and may retest @ 129.28 and if break may fall to 128.56 or evan new low...I am short right now @130.13 and TP @ 129.30 first..see how lol and now what M5 obviously can seen no demand for buy...(its correct Dr.G)
lol yeah, whatever.

i don't know where u are looking but m5 showed a upthrust which was good for one bar down which closed in the middle showing strenght, then a test of supply which was succesful...but pls go on explaining it to me

5m holds for little move, 15 for more...do the math

nevertheless until area marked on charts is cleared, no trade.
  • #153,185
  • Jan 15, 2009 3:12am Jan 15, 2009 3:12am
Quoting msniper
nice call i agree for shorting GBPCAD but i think GBPNZD will be a better chance

just put gann hil line and draw down trend on weekly and see where is the price right now
lets see if it turns out to be nice :9

GBP/MALCOLM ss formed a 4hr upthrust on 50% fib ogf the daily. in an area where we previously also had an upthrust and we know weakness is present. market tried to go up on low buying and finnaly markup into theare of previous upthrust with wide spread bar, sucking longs into it after they saw that rapid upmove. on the weekly we have the chance to form an inside bar which would make me add if gbp/mal comes down

i am not entirely sure about gbpkiwi because of the weekly picture nad i do not like the kind of perhaps topping action.
  • #153,186
  • Jan 15, 2009 3:15am Jan 15, 2009 3:15am
Quoting Dr.Geppynius
problem with the high vol on dow is that i appeared on an upbar. selling climax has to be a down bar with next bar up.
nevertheless i think we have a good base for a rally here.

you just should pay attention to the key areas i mentioned. market will move off of those.
have to see what reaction to this high volume down bar is ....

that is the possible selling climax i was talking about

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Blogging daily now at www.volume.zone
  • #153,187
  • Jan 15, 2009 3:16am Jan 15, 2009 3:16am
Quoting Dr.Geppynius
lol yeah, whatever.

i don't know where u are looking but m5 showed a upthrust which was good for one bar down which closed in the middle showing strenght, then a test of supply which was succesful...but pls go on explaining it to me

5m holds for little move, 15 for more...do the math
am out of trade and come back after ECB..seems not convince me to go for trade yet...
  • #153,188
  • Jan 15, 2009 3:16am Jan 15, 2009 3:16am
Quoting malcolmb14
have to see what reaction to this high volume down bar is ....

that is the possible selling climax i was talking about

Attachment
sure..yeah...daily..i am such a monkey

intraday high vol yesterday was on an upbar.
but keeping the type of daily bar in mind and the bottoming action intraday adds to the seriousness.

this time i won't be stubborn and just trade what i see...even tough 838 gets rejected and we see another drop...

i love globex.
here is my view of es

http://www.sierrachart.com/userimage...ploadImage.png
  • #153,189
  • Jan 15, 2009 3:37am Jan 15, 2009 3:37am
ugly whipsawing things going on in the markets. 5m gj, s&p...
  • #153,190
  • Jan 15, 2009 3:38am Jan 15, 2009 3:38am
Quoting msniper
i was just flipping charts and i came a cross this pair GBPNZD and i found something interesting

right now this pair standing on the weekly lower trend line and same time its the weekly gann hilo line

i am thinking of shorting this pair . what u think guys ?

Thank you for that call on GBP/NZD. I quickly opened the chart to have a look when you mentioned it.
  • #153,191
  • Jan 15, 2009 3:48am Jan 15, 2009 3:48am
Quoting Dr.Geppynius
ugly whipsawing things going on in the markets. 5m gj, s&p...
Makes me think even more that smart money is at work here. Buy a little, let the sellers sell, buy some more.

I wouldn't be surprised to see a sharp sell-off back to near support, then it starts again.
  • #153,192
  • Jan 15, 2009 3:50am Jan 15, 2009 3:50am
Quoting ukdaytrader
Makes me think even more that smart money is at work here. Buy a little, let the sellers sell, but some more.

I wouldn't be surprised to see a sharp sell-off back to near support, then it starts again.
they are definitely at work, pretty hard work. there is no other reason for such areas of congestion. it is collecting for the move.
grab some popcorn and watch it later on.
  • #153,193
  • Jan 15, 2009 3:55am Jan 15, 2009 3:55am
Quoting botadufig05
Thank you for that call on GBP/NZD. I quickly opened the chart to have a look when you mentioned it.
u most welcome i am short @ 2.7313

waiting for at least 500pips
  • #153,194
  • Jan 15, 2009 4:37am Jan 15, 2009 4:37am
Anyone manage a nzdchf long and managed not to get shaken out
"Millionaires don't use astrology, billionaires do"
  • #153,195
  • Jan 15, 2009 4:38am Jan 15, 2009 4:38am
Could ECB rate cut affect the geppy?
  • #153,196
  • Jan 15, 2009 4:40am Jan 15, 2009 4:40am
Quoting malcolmb14
could be bottom of market


high volume could be a selling climax .. lets see what reaction we get today to that
Thanks,m
I was thinking that's smting wrong with the volume, because the volume was too high. I'm a learner of the Volume and completed 1 Section of "Master the markets" and that is when author call a selling climax. But it has to be closed in the middle or near lows, which didn't happen. If it will be a bull market, as dr.G, say may be a temporary bottom.
  • #153,197
  • Jan 15, 2009 4:43am Jan 15, 2009 4:43am
Quoting msniper
u most welcome i am short @ 2.7313

waiting for at least 500pips

Same here.

It is a bit difficult to capture what most of the pairs are doing at the same time. So it is always nice when another trader observe a nice set-up forming on other pairs, while we wait for GJ to decide.
  • #153,198
  • Jan 15, 2009 5:00am Jan 15, 2009 5:00am
hmmmmmm
"Millionaires don't use astrology, billionaires do"
  • #153,199
  • Jan 15, 2009 5:00am Jan 15, 2009 5:00am
looks like gbpcad & gbpnzd turn out to become bummers very fast

patience...

i said gj is being accumulated ...

edit: 15m could give us a nice pinbar for a ride back down
  • #153,200
  • Jan 15, 2009 5:05am Jan 15, 2009 5:05am
To: malcolm

http://www.forexfactory.com/attachme...0&d=1232018070

What does the 2 black lines (oscillator) drawn over volume represent ?
CCI decipherer
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