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

  • #156,101
  • Jan 27, 2009 4:55am Jan 27, 2009 4:55am
Hi Guys! Any possiblity to the downside at 121.00 level?
  • #156,102
  • Jan 27, 2009 4:57am Jan 27, 2009 4:57am
Quoting mirex
what settings do you use for stoc?

just use 5-3-3 nothing unique needed on 1m chart all you need is stoc and candle to scalp keep it simple when i trade big accounts i use price action/volume only on mt4 i use the chart i posted.
Private Account Manager & Trader since 1999
  • #156,103
  • Jan 27, 2009 5:01am Jan 27, 2009 5:01am
Maybe after 127.20, a small one..


Quoting newkidfx
Hi Guys! Any possiblity to the downside at 121.00 level?
Quoting Piters
ema50 [15 min] is quite a good target, but we just hit 50 ema on UY [1h], so may see some chopping here
Attached Image (click to enlarge)
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  • #156,104
  • Jan 27, 2009 5:03am Jan 27, 2009 5:03am
Hey Karm....long yet?

I see a 1hr gann and 23 fib (approx 136 / 119) confluence bounce and a 1 hr pin bar
  • #156,105
  • Jan 27, 2009 5:05am Jan 27, 2009 5:05am
Quoting yentastic
here is another i just did close at stoc top as norm but should have let run maybe to r1
as i thought went to r1
Private Account Manager & Trader since 1999
  • #156,106
  • Jan 27, 2009 5:08am Jan 27, 2009 5:08am
Quoting cancunkev
Hey Karm....long yet?

I see a 1hr gann and 23 fib (approx 136 / 119) confluence bounce and a 1 hr pin bar
I'll go long once 15m QQE turns bullish, but as long as we remain above 1h gann.
Trade what you see, not what you think.
  • #156,107
  • Jan 27, 2009 5:14am Jan 27, 2009 5:14am
Hmm is the chart going to form a double top at ~127.55 then go down ?
  • #156,108
  • Jan 27, 2009 5:14am Jan 27, 2009 5:14am
Maybe after 127.20, a small one.. [/quote]

Hi Piters, thanks! Hmm seems like I have to take my dinner first lol.. too much in front of the screen can get crosses eye like GY lol.. to be continue at US open
  • #156,109
  • Jan 27, 2009 5:22am Jan 27, 2009 5:22am
Quoting newkidfx
Maybe after 127.20, a small one..
Hi Piters, thanks! Hmm seems like I have to take my dinner first lol.. too much in front of the screen can get crosses eye like GY lol.. to be continue at US open [/quote]

Yep, so far goes to 127.20; we see when (IF) we get there
  • #156,110
  • Jan 27, 2009 5:22am Jan 27, 2009 5:22am
Quoting karmostaji
The longer-term is definitely down, but I follow the 4h trend and if the 4h is not clear, then I follow the daily trend.

I'll wait for confirmation on 15m chart before buying, so it's not just buy any dip and wait, lol.
Sorry - wasn't implying u didnt know what u are doing - i'm just trying to sharpen my skills when theres a question about direction ..

cheers
  • #156,111
  • Jan 27, 2009 5:46am Jan 27, 2009 5:46am
Hi Malcomb,
I have a general question:
when a currency is bouncing within a congestion sector, what signals you're looking for to decide if the currecny is more likely to exit the area on the upside or downside?
For example USDCHF has been in a congestion area whle day ...
is it going to exit on the downside or upside?
I have seen that a break of the congestion area many times is a trap and the price reverse direction opposite to the break.
Just trying to learn something new ...

Thanks!
  • #156,112
  • Jan 27, 2009 6:05am Jan 27, 2009 6:05am
Quoting marcb
Hi Malcomb,
I have a general question:
when a currency is bouncing within a congestion sector, what signals you're looking for to decide if the currecny is more likely to exit the area on the upside or downside?
For example USDCHF has been in a congestion area whle day ...
is it going to exit on the downside or upside?
I have seen that a break of the congestion area many times is a trap and the price reverse direction opposite to the break.
Just trying to learn something new ...

Thanks!
congestion areas like seen at cheese begin with decent profit taking in form of covering shorts, which hit the pair sideways. if someone with big money decides that cheese is trong here, then building of positions begins in form of letting the market fall- but not below a specific level to stay in control of the area- buy some, let it fall again- buy some...but withdraw from buying or sell a little to destroy any little upmove, so that no rally starts before all enough positions are built and the area is tested of remaining supply which is expensive to absorb it when the rally begins.

you can see it by paying attention to candle patterns, vol, shapes which tend to form at specific areas. also tops/bottoms which u judge as congestion most of the time form a nice shape showing professional position building at work.

from my pov cheese 1340 was a good entry and i hope we go to the upside shortterm to reload shorts. daily base looks good for lower prices in the 1150 area at least. potentially with a opportunity to reload at 1500- which would be lovely. too early to surly say if it was a retrace or reversal which started from the pinbar on daily.
  • #156,113
  • Jan 27, 2009 6:06am Jan 27, 2009 6:06am
So have we seen a temp. top on GJ for today?
  • #156,114
  • Jan 27, 2009 6:07am Jan 27, 2009 6:07am
Price below gann H1
  • #156,115
  • Jan 27, 2009 6:30am Jan 27, 2009 6:30am
Quoting Dr.Geppynius
congestion areas like seen at cheese begin with decent profit taking in form of covering shorts, which hit the pair sideways. if someone with big money decides that cheese is trong here, then building of positions begins in form of letting the market fall- but not below a specific level to stay in control of the area- buy some, let it fall again- buy some...but withdraw from buying or sell a little to destroy any little upmove, so that no rally starts before all enough positions are built and the area is tested of remaining supply which is expensive...
Dr. G,
Can you tell us what 'you can see it by paying attention to candle patterns, vol, shapes which tend to form at specific areas. also tops/bottoms which u judge as congestion most of the time form a nice shape showing professional position building at work.' means ??

What patterns are we talking about, what shapes ?? Can you be more specific...this seems a very generalised statement....
  • #156,116
  • Jan 27, 2009 6:33am Jan 27, 2009 6:33am
Quoting yentastic
be careful on the sells right now sp open soon and if up we will see spikes on the g/j so stops can be taken fast 124.20 should hold unless sp has some big shock at open. so any stops i would have around this area but as i been saying all day buy the dips .........
+ 15 pips. got out as soon as i saw your reply. you were right. any suggestions for today.
  • #156,117
  • Jan 27, 2009 6:34am Jan 27, 2009 6:34am
Quoting PandoraBox
Price below gann H1
4hr gann is still bullish. do u think we are still going down?
  • #156,118
  • Jan 27, 2009 6:56am Jan 27, 2009 6:56am
Quoting lilmoe
i agree to an extent...

my first target is 4h 50ema... i'll keep some longs on just in case, or i might reverse from there
target hit... how's everyone doing?
  • #156,119
  • Jan 27, 2009 7:10am Jan 27, 2009 7:10am
G/J make the shoulder ?
  • #156,120
  • Jan 27, 2009 7:14am Jan 27, 2009 7:14am
Hey guys a few days ago some one posted a calendar that showed option expiry dates and other events. If anyone has it do you guys mind posting it once again. Thanks
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