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

  • #154,701
  • Jan 21, 2009 7:58pm Jan 21, 2009 7:58pm
Quoting mirex
thanks Malcolmb

have a good night, see you tomorrow?

was just shutting her down and saw price peak out the top of that flag ... thought ok lets go for it .. took long ... 85 pip candle ... !!! this market really is insane

it was highest vol candle of asia session ... could not break 124,50 . I was lucky on the fact that after inital selling ( had moved stop to +50 ) it had another go at top of candle before stalling
Blogging daily now at www.volume.zone
  • #154,702
  • Jan 21, 2009 7:59pm Jan 21, 2009 7:59pm
Quoting malcolmb14
was just shutting her down and saw price peak out the top of that flag ... thought ok lets go for it .. took long ... 85 pip candle ... !!! this market really is insane

it was highest vol candle of asia session ... could not break 124,50 . I was lucky on the fact that after inital selling ( had moved stop to +50 ) it had another go at top of candle before stalling

this may only be small reaction to that high vol up candle ... 125 may be tested yet
Blogging daily now at www.volume.zone
  • #154,703
  • Jan 21, 2009 8:01pm Jan 21, 2009 8:01pm
Quoting malcolmb14
this may only be small reaction to that high vol up candle ... 125 may be tested yet

new long 124,30 20 pip stop
Blogging daily now at www.volume.zone
  • #154,704
  • Jan 21, 2009 8:02pm Jan 21, 2009 8:02pm
Quoting malcolmb14
new long 124,30 20 pip stop

stop be +1 target 125
Blogging daily now at www.volume.zone
  • #154,705
  • Jan 21, 2009 8:04pm Jan 21, 2009 8:04pm
4hr stoch has bottomed and has plenty of room to move up. . . daily has also bottomed and has rrom to move up as well. . . daily 5 sma located @ 126.70 area and daily gann hi/lo is at 132.53.

BOJ will announce rate decsion sometime during this session will may or may not propel price. . .

nevertheless there were buyer off of the session lows. . . May start to go after stops on short position which will drive price even higher. . .
  • #154,706
  • Jan 21, 2009 8:04pm Jan 21, 2009 8:04pm
First post at FF, have been watching for a while, nice trade malcomb.
  • #154,707
  • Jan 21, 2009 8:05pm Jan 21, 2009 8:05pm
Quoting malcolmb14
stop be +1 target 125
closed 124.73 ..... 5 min chart narrow spread bar with high vol , could be sellers , making me nervous
Blogging daily now at www.volume.zone
  • #154,708
  • Jan 21, 2009 8:06pm Jan 21, 2009 8:06pm
Quoting Steelheader
First post at FF, have been watching for a while, nice trade malcomb.

thanks ... just watching the old PA .. think i may have got out of last trade to early
Blogging daily now at www.volume.zone
  • #154,709
  • Jan 21, 2009 8:08pm Jan 21, 2009 8:08pm
here is why i got out of last long ...

notice the volume in relation to previous high vol bar ...

the one that hit 124.80 is likely selling vol ...


Attached Image (click to enlarge)
Click to Enlarge Name: ym89.png Size: 115 KB
Blogging daily now at www.volume.zone
  • #154,710
  • Jan 21, 2009 8:10pm Jan 21, 2009 8:10pm
When you say volume, where does esignal get that information from? How do you get volume in
forex (interbank)?
  • #154,711
  • Jan 21, 2009 8:12pm Jan 21, 2009 8:12pm
Quoting Steelheader
When you say volume, where does esignal get that information from? How do you get volume in
forex (interbank)?


300 sources all feeds ......tick volume

i think this thing going to waffle for a bit then go test us session highs
Blogging daily now at www.volume.zone
  • #154,712
  • Jan 21, 2009 8:13pm Jan 21, 2009 8:13pm
Attached Image (click to enlarge)
Click to Enlarge Name: HeadandShoulders.png Size: 232 KB


It looks like it is possibly shaping up to be a near perfect Inverted Head & Shoulders reversal patter. Watching it to see if it fully develops. If so, it points to about 132.

God luck and Green Pips to all.
  • #154,713
  • Jan 21, 2009 8:13pm Jan 21, 2009 8:13pm
ok i see, thanks for the quick response.
  • #154,714
  • Jan 21, 2009 8:14pm Jan 21, 2009 8:14pm
Quoting SmoothTrader
Attachment

It looks like it is possibly shaping up to be a near perfect Inverted Head & Shoulders reversal patter. Watching it to see if it fully develops. If so, it points to about 132.

God luck and Green Pips to all.

i bet that pops in London ... or even asia at this rate
Blogging daily now at www.volume.zone
  • #154,715
  • Jan 21, 2009 8:16pm Jan 21, 2009 8:16pm
Quoting Steelheader
ok i see, thanks for the quick response.


dude you took my name lol
  • #154,716
  • Jan 21, 2009 8:16pm Jan 21, 2009 8:16pm
no i didnt
  • #154,717
  • Jan 21, 2009 8:19pm Jan 21, 2009 8:19pm
sellers are getting absorbed by buyer on dips. . . something is going on that we are not privy to just yet. no news on the wire but somthing sparked this buying frenzy off the lows that shorts seems to be covering or buyers have come into the market.
  • #154,718
  • Jan 21, 2009 8:19pm Jan 21, 2009 8:19pm
Quoting malcolmb14
here is why i got out of last long ...

notice the volume in relation to previous high vol bar ...

the one that hit 124.80 is likely selling vol ...


Attachment


damn saw it .. did not short it .... that was selling volume had 2nd chance to get short 124.70
Blogging daily now at www.volume.zone
  • #154,719
  • Jan 21, 2009 8:19pm Jan 21, 2009 8:19pm
guess you gotta stay up til it break now malcolmb, lol

That daily pinbar look awfully nice
  • #154,720
  • Jan 21, 2009 8:24pm Jan 21, 2009 8:24pm
Quoting mirex
guess you gotta stay up til it break now malcolmb, lol

That daily pinbar look awfully nice

I am up all night ....lol ...
Blogging daily now at www.volume.zone
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