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

  • #155,481
  • Jan 24, 2009 10:21pm Jan 24, 2009 10:21pm
Quoting Piters
the price can go UP or down all weekend, but the gap up or gap down is accurate only if half hour or 1hour before Wellington (NZ) opens Tenfore and Oanda are pretty much in same level,

Usually in 90%; 1h before market opens, they just alligning (return to previous level),

market opens in 19h, 30min from now... 1H before Sydney opens... So 2h before Sydney open, just have a look @ oanda and Tenfore,,, and you'll know

BTW, nice weekend, beach, sun, we had 42 C in Sydney Yesterday the hottiest day in last 3Y.. (thanks for question)...
Since public holiday in OZ and Auckland (only) on Monday ....action might start on Tokyo?
  • #155,482
  • Jan 24, 2009 10:28pm Jan 24, 2009 10:28pm
Quoting alearner
Since public holiday in OZ and Auckland (only) on Monday ....action might start on Tokyo?

"OZ"???
New voice message: Why are you calling me? If I need you, I'll call you!
  • #155,483
  • Jan 24, 2009 10:31pm Jan 24, 2009 10:31pm
Quoting KillerWhale
"OZ"???
sorry Australia
  • #155,484
  • Jan 25, 2009 12:27am Jan 25, 2009 12:27am
Quoting alearner
sorry Australia
true, mate,

still, the FX market is open, retails open, but banks are closed.
The real action after Tokyo open; but everything remains the same regards the GAP up or GAP down..
  • #155,485
  • Jan 25, 2009 1:46am Jan 25, 2009 1:46am
Quoting sometospend
can somebody tell me where can i see the quotes during the weekend
http://www.forex-markets.com/quotes.htm

http://money.cnn.com/data/currencies...tes/index.html
  • #155,486
  • Edited 3:44am Jan 25, 2009 2:25am | Edited 3:44am
I want to take a moment and repost this post from one of my very respected traders and GREAT teacher from his thread:

Quoting fti
Hi fti, I'm a novice trader and just happened upon your thread. I'm really impressed and look forward to go over all your posts and learn from you.
Keep up the goo work.
Thanks,
Alexgee,
California, USA

Hi Alexgee and all who may come this way,
Thank You for your kind words.

I regret to informed you that I have decided to stop posting and will be locking this thread again, with immediate effect. This is because I am actively in the markets, and will not be able to guide anyone any further at the expense of my focus.

However, I would like highlight to you, that all that you would need to make a success of your trading endevour is already in the thread. The latter half of the training ( extending to the TAF lounge) was as guided tour of how to approach and manage that which was presented in the TAF thread.

If you approach the study diligently and professionally, and thinking very deeply of what was presented, you should have little problems honing your skills.

You must at all time be on the vigilance that the markets are not made of fools, but very skillful, educated and deadly professionals.There is no room for complacency or over confidence.She is never to be taken lightly. Although, if you hold well to the training , you should weather all that she can throw at you, You must be on a look out that you do not sabotage yourself. Know thyself, and the scorpions within.

A turtle can survive in the water environment, because it is her nature. A scorpion, however well trained, will ultimately, meets it own fate, because that is its nature.

Have a good time, picking up the skills. Then you shall be tested by the market. She is the best trainer.

If your bottom line is not on upslope all the time, then you need to think carefully, and identify your scorpions. If you continuously cannot met the standards, it is not shameful to give up altogether, as the attrition rate is very high in these battlefields, and the demands of a professional trader is not the cup of tea of everyone. It requires very strong discipline and skillsets. Beware of adulteration of your study by fallacies.

Remember that past successes is no benchmark for future performance. You are as good as your last trade. So never lose your mindset. Lose it and it will carry you to a very dark place.

Good fortune.
regards

@ ALL,
Few of you that had been following are developing to the necessary standards. I say this generally , as I cannot detect many who actually understand what had been presented. As is clear to me , all of you that I had expected to succeed had failed. So please be very careful, as I say again, this is a double edge sword, careful how you use it. You can be glorious of its success, but fail it and it WILL take your heads off. I feel sadden that I cannot find the energies to guide further. So I say clearly, that your fate is in your own hands, as always. And I wish you luck.


Goodbye
regards
http://www.youtube.com/watch?v=VnrFHFPUoAU&fmt=35

Quoting fti

And my last advice to all.
If there are things I presented , that you do not understand.
Then it is only because your experience level is not there yet.
From what I had seen happening, discussing about it will only confuse you, due to the blind leading the blind. If only some pros will like to discuss, but I don't know, they seem not coming forward.
Seek and you shall find. The information and knowledge is available, only that you may have to sleeve through much volumes of good writings and professional books to find it. This is because to understand, you have to understand the perspective of the author and it take volumes to explain the just a little in words. Anyway, without necessary market experience , you will still not understand. Its your personal journey, I had pointed only the direction. You are free to chose to accept and develop what had been pointed out to you. Otherwise, to each its own. Remember, As you sow, you shall reap. As the parable of the seeds sown, not all shall fall upon fertile ground and flourish.THose seeds that are upon the rocks. So be it.

With the grace and help of the Lord,it is done.
Goodbye All.
http://www.youtube.com/watch?v=unxTYTTtDs0&fmt=18
  • #155,487
  • Jan 25, 2009 7:00am Jan 25, 2009 7:00am
Hi Malc,
what do you think about USCHF?
It looks like it is going to reverse to 1.05 or lower
  • #155,488
  • Jan 25, 2009 7:07am Jan 25, 2009 7:07am
Quoting sometospend
can somebody tell me where can i see the quotes during the weekend
You can try here :

http://www.fxstreet.com/rates-charts/currency-rates/

http://www.tenfore.com/markets.asp?symbol=GBPJPYLITEx
  • #155,489
  • Jan 25, 2009 8:00am Jan 25, 2009 8:00am
Hi ,
there is another possible scenario.
there is plenty of time to develop correct setup for this WW.
so i will observe if it's going to follow these waves.
Attached Image (click to enlarge)
Click to Enlarge Name: gj_4h.gif Size: 19 KB
  • #155,490
  • Jan 25, 2009 8:06am Jan 25, 2009 8:06am
Earnings, economy - here comes 'terrible'



http://money.cnn.com/2009/01/25/mark...ion=2009012508
  • #155,491
  • Edited 9:09am Jan 25, 2009 8:34am | Edited 9:09am
UN crime chief says drug money flowed into banks


http://www.reuters.com/article/marke...65079620090125
  • #155,492
  • Jan 25, 2009 9:06am Jan 25, 2009 9:06am
i am not wondering about this topic, since it is well known that governments are the biggest drug dealers around. that's why it is a no-no for the small man to make money with it

ask some of th gi's what their job in afghanistan was.
  • #155,493
  • Edited 9:44am Jan 25, 2009 9:12am | Edited 9:44am
Quoting oleevier
Hi ,
there is another possible scenario.
there is plenty of time to develop correct setup for this WW.
so i will observe if it's going to follow these waves.
nice = that is a real possibility

if it re-test support at 121.20/30 area and head up
I do see a challenge of 126 area if breached 128.80 or so
would be the next target. . . lot of wood to chop before
141 as I see 135 as conngestion before 141. . .
  • #155,494
  • Jan 25, 2009 9:25am Jan 25, 2009 9:25am
Quoting marcb
Hi Malc,
what do you think about USCHF?
It looks like it is going to reverse to 1.05 or lower

yes was looking at that one yesterday ...i agree
Blogging daily now at www.volume.zone
  • #155,495
  • Jan 25, 2009 9:38am Jan 25, 2009 9:38am
Quoting quecee5
nice = that is a real possibility

if it re-test support at 121.20/30 area and head up
I do see a challenge of 126 area if breached 128.80 or so
would be the next target. . . lot of would to chop before
141 as I see 135 as conngestion before 141. . .
thx for your opinion

additional view ....
there is regular bullish divergence on 1Day
if 135 will not hold and UTL will break so 141 -141.50 is maybe target
Attached Image (click to enlarge)
Click to Enlarge Name: gj_1d.gif Size: 18 KB
  • #155,496
  • Jan 25, 2009 10:28am Jan 25, 2009 10:28am
Quoting fxinthesun
Earnings, economy - here comes 'terrible'



http://money.cnn.com/2009/01/25/mark...ion=2009012508
I would be careful this week - I think most of this is already priced in so if the numbers are what everyone expected anyway, that could be dollar bullish.
  • #155,497
  • Jan 25, 2009 10:28am Jan 25, 2009 10:28am
Quoting oleevier
Hi ,
there is another possible scenario.
there is plenty of time to develop correct setup for this WW.
so i will observe if it's going to follow these waves.
Ahh, something else to look at.
There's waaay so much I don't get about Wolf Waves.
People I've known who use them, swear by them.

You present another valid interpretation with this setup in progress.

If this works out, you'll have a crowd gathered at your door.
Attached Image
  • #155,498
  • Edited 10:49am Jan 25, 2009 10:36am | Edited 10:49am
Quoting oleevier
thx for your opinion

additional view ....
there is regular bullish divergence on 1Day
if 135 will not hold and UTL will break so 141 -141.50 is maybe target
here is a drilled down version of what I'm watching for a good set-up

based on this gj has a lot of wood to chop even to get above 128.80/90 area. There is lots of congestion on the way up.

or it could try 123 area and fail and take a nose dive all the way down to 1hr gann hi/lo first @ 121.20/30 area all the way down to 115-112 area if it doesn't get above 55 ema (green line)

stoch on 1hr is showing bearish sentiment which concerns me so 121.20 may be forthcoming 1st or lower before we see further upside

for me i'll wait until I see what price wants to do. The best senario is for the 1hr stoch to show bullish divergence and price has re-tested and held 1hr gann hi/lo (blue line)

Therefore, 1hr, 4hr and daily will all be lined up for a test of the upper descending trend line at 128.80 or higher. . .

chart below
Attached Image (click to enlarge)
Click to Enlarge Name: 1hr chart - gj1.gif Size: 24 KB
  • #155,499
  • Jan 25, 2009 10:44am Jan 25, 2009 10:44am
yes , we have to wait.
good u draw a lot of pivots we need to face with.
That points will show us what price want to do

im waiting for all your opinions during this week.
  • #155,500
  • Jan 25, 2009 11:03am Jan 25, 2009 11:03am
Quoting oleevier
yes , we have to wait.
good u draw a lot of pivots we need to face with.
That points will show us what price want to do

im waiting for all your opinions during this week.
also, if you look at the chart closer -price is making lower lows and lower highs at this point so only a break and close out of the 1hr triangle @ 123 area and a test of 126 will violate the down move for now. . .

this would tell me the following;

1) price safely above 55 ema (short-term) on 1hr and above 4hr gann hi/lo (short-term). . . needs a 4 hr close above here and test of upper congestion and a re-test of support to make me feel confortable that further upside is forthcoming. . .

2) if 126 is breached then possible targets are 127.70/90 - 128.80 1st. . .

otherwise the 1st senario may play out. . . medium-term price is headed lower and another new low will be produced sooner rather than later.

just my two cents. . .

I will be watching this today and probably won't take a trade until london/ny session. . .
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