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

  • #153,401
  • Jan 15, 2009 5:04pm Jan 15, 2009 5:04pm
Quoting mktjong
Yes, there was a lot of buyers but the price failed to close higher than previous day's close with higher volume. Isn't it also telling sellers was a lot more?
we are at lows so we can assume that everybody out there is shorting. nevertheless the vol was only slightly higher that yesterday, about 3%.
we definitely have to face some selling down there, but therefore the candle itself with higher low and close near the high and no excessive vol isn't too antibullish.
  • #153,402
  • Jan 15, 2009 5:06pm Jan 15, 2009 5:06pm
Quoting malcolmb14
if we have follow thru day tomorrow for sure we have stopping volume on S &P / dj etc ... yesterday was the first sign of strength on the high vol down bar , followed by a higher vol doji today....
Hey malco do you mind to attach .jpg charts to your post. I really have problem loading the page .. not really a problem but actually the .png format slows down page loading ... takes nearly 3 times compared to .jpg format to load. I had the same problem with the charts which 5ysfx posted before coz he also used .png formated charts to post.

Thanks
Discipline + Patience - Fear - Greed = Success
  • #153,403
  • Jan 15, 2009 5:12pm Jan 15, 2009 5:12pm
Quoting arezab
Hey malco do you mind to attach .jpg charts to your post. I really have problem loading the page .. not really a problem but actually the .png format slows down page loading ... takes nearly 3 times compared to .jpg format to load. I had the same problem with the charts which 5ysfx posted before coz he also used .png formated charts to post.

Thanks
geez what puter you running ? a P1 100 mhz with 256 mb ram ?? lol

will do ..... change format
Blogging daily now at www.volume.zone
  • #153,404
  • Jan 15, 2009 5:15pm Jan 15, 2009 5:15pm
Quoting mktjong
Yes, there was a lot of buyers but the price failed to close higher than previous day's close with higher volume. Isn't it also telling sellers was a lot more?

what will happen is that of course there are still loads of sellers ..

the pros will buy then withdraw from the market ..... that way they can dry up supply before the sellers finally get it that the pros are buying.

At this time the sellers become exhausted and the market is able to move up
Blogging daily now at www.volume.zone
  • #153,405
  • Edited 5:43pm Jan 15, 2009 5:28pm | Edited 5:43pm
Quoting malcolmb14
geez what puter you running ? a P1 100 mhz with 256 mb ram ?? lol

will do ..... change format
I'm a poor trader trading a nano account and pairs like GBP/ZWD with tick value of 0.001 cent trying to catch 50 pips daily

No ... sometimes I use slow connection somewhere else and also when I'm on road ... at home I don't feel like slowing the page. BTW .gif format is the best and quickest.


I appreciate
Discipline + Patience - Fear - Greed = Success
  • #153,406
  • Jan 15, 2009 5:58pm Jan 15, 2009 5:58pm
Quoting junglelion
http://media.santabanta.com//joke/visuals/6350.jpg
it certainly does project certain things doesnt it LOL
"Millionaires don't use astrology, billionaires do"
  • #153,407
  • Jan 15, 2009 6:01pm Jan 15, 2009 6:01pm
Quoting OrionsWay
it certainly does project certain things doesnt it LOL
I don't get it. :o
Probability Professor
  • #153,408
  • Jan 15, 2009 6:07pm Jan 15, 2009 6:07pm
Quoting junglelion
http://media.santabanta.com//joke/visuals/6350.jpg
  • #153,409
  • Jan 15, 2009 6:13pm Jan 15, 2009 6:13pm
Quoting Galation
I don't get it. :o

i love u is missionary position i adore u is header style LOL

or maybe my mind is in the gutter
"Millionaires don't use astrology, billionaires do"
  • #153,410
  • Jan 15, 2009 6:17pm Jan 15, 2009 6:17pm
no selling pressure

I think we may drift up to 133 before any retracement
Blogging daily now at www.volume.zone
  • #153,411
  • Jan 15, 2009 6:26pm Jan 15, 2009 6:26pm
Quoting junglelion
http://media.santabanta.com//joke/visuals/6350.jpg
So JL, what happened to your project?
I trade what I see on my charts. Do Not listen to the Muppets.
  • #153,412
  • Jan 15, 2009 7:22pm Jan 15, 2009 7:22pm
Quoting junglelion
http://media.santabanta.com//joke/visuals/6350.jpg

Is that hiragana, katakana or kanji?
Buy the dips, Sell the rallies.
  • #153,413
  • Jan 15, 2009 7:25pm Jan 15, 2009 7:25pm
targets on gj long for now 132.75 / 134 and 135

there are NO sellers on the GJ right now .. been buying the dips last entry was 131.90. Holding till 132.75 , stop set at b/e all ready
Blogging daily now at www.volume.zone
  • #153,414
  • Jan 15, 2009 7:44pm Jan 15, 2009 7:44pm
Quoting malcolmb14
targets on gj long for now 132.75 / 134 and 135

there are NO sellers on the GJ right now .. been buying the dips last entry was 131.90. Holding till 132.75 , stop set at b/e all ready

looking at the base we have on gj and the way we are coming off it

I think we see 140 plus by this time next week.

the base on a 60 min is perfect accumulation ....
Blogging daily now at www.volume.zone
  • #153,415
  • Jan 15, 2009 7:45pm Jan 15, 2009 7:45pm
call me crazy but ill try a short from here pls follow me guys

little risk lol
  • #153,416
  • Jan 15, 2009 7:47pm Jan 15, 2009 7:47pm
Quoting malcolmb14
looking at the base we have on gj and the way we are coming off it

I think we see 140 plus by this time next week.

the base on a 60 min is perfect accumulation ....

Agreed. Looking to buy on dips.
  • #153,417
  • Jan 15, 2009 7:47pm Jan 15, 2009 7:47pm
Quoting cohiba pips
call me crazy but ill try a short from here pls follow me guys

little risk lol

there is zero professional selling ... good luck ... at this rate we could hit 134 and higher before London ....

the pros may sell into the strength in London
Blogging daily now at www.volume.zone
  • #153,418
  • Jan 15, 2009 7:52pm Jan 15, 2009 7:52pm
Quoting cohiba pips
call me crazy but ill try a short from here pls follow me guys

little risk lol
I would not short at this point. Notice how gbp broke 1.47 and jpy broke 90.
If I were you I would short higher not here. I am looking to buy dips myself.
  • #153,419
  • Jan 15, 2009 7:56pm Jan 15, 2009 7:56pm
Quoting Ferick
I am looking to buy dips myself.
...Maybe there won't be any dips for me to buy...will c.
  • #153,420
  • Jan 15, 2009 7:57pm Jan 15, 2009 7:57pm
Quoting Ferick
...Maybe there won't be any dips for me to buy...will c.

I think we hit 134 and maybe 135 before london comes on line
Blogging daily now at www.volume.zone
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