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

  • #161,161
  • Feb 18, 2009 3:01am Feb 18, 2009 3:01am
Quoting karmostaji
WarHawk
Karmo .... you liekly have so much $$$$ form all the green pips you have your own F15.....
Blogging daily now at www.volume.zone
  • #161,162
  • Feb 18, 2009 3:02am Feb 18, 2009 3:02am
Wasnt ready to trade yet and missed this sell of the upper TL (observed better on the line chart). Scalps in between the channel borders. Tight range, so proceed with caution.
Attached Image (click to enlarge)
Click to Enlarge Name: gbp_jpy_h1_ascnrange_180209.jpg Size: 146 KB
  • #161,163
  • Feb 18, 2009 3:04am Feb 18, 2009 3:04am
Quoting karmostaji
I've been playing PS3 non-stop lol

I can't trade with such whipsaw and ranging, look at 1h chart, it makes me dizzy.

Back to playing PS3 until this beast decides a direction.
good

i took just 27 pips today and called it a day, i hate this move.
  • #161,164
  • Feb 18, 2009 3:08am Feb 18, 2009 3:08am
Quoting malcolmb14
grey one are for Tuesday session

pink is point of control ( above go long )
brown is VWAP ( above go long) ... look how it formed support in Asia .. that is where i went long

131.20 is critical ....above this on news we likely test high 132.3

as long as we stay under 131.2 it is sell rallies if scalping ....
Malcolm,

What is the smoothing factor you apply to vwap?
  • #161,165
  • Feb 18, 2009 3:10am Feb 18, 2009 3:10am
Quoting forexlion
good

i took just 27 pips today and called it a day, i hate this move.
tough market ...

gj range may be 129.6 to 132.2

minor range 131 ish to 132.2

will have to see how this session plays out . The range parameters may change .... and we may even head straight down , but would love to see 2 hour close under 130 to confirm it is a real breakdown as we have had to fake ones last 2 london sessions
Blogging daily now at www.volume.zone
  • #161,166
  • Feb 18, 2009 3:11am Feb 18, 2009 3:11am
Quoting GodfreyH
Malcolm,

What is the smoothing factor you apply to vwap?
the brown dotted line .... horizontal . No smoothing

The brown curvy line is 50 sma
Blogging daily now at www.volume.zone
  • #161,167
  • Feb 18, 2009 3:13am Feb 18, 2009 3:13am
Quoting forexlion
good

i took just 27 pips today and called it a day, i hate this move.

Sorry bro, I like this move
  • #161,168
  • Feb 18, 2009 3:16am Feb 18, 2009 3:16am
Quoting malcolmb14
the brown dotted line .... horizontal . No smoothing

The brown curvy line is 50 sma
, how can an average of price be a horizontal line. Or ...I should have asked, how many bars previously are averaged?
  • #161,169
  • Feb 18, 2009 3:18am Feb 18, 2009 3:18am
Quoting karmostaji
I've been playing PS3 non-stop lol

I can't trade with such whipsaw and ranging, look at 1h chart, it makes me dizzy.

Back to playing PS3 until this beast decides a direction.
Switch to 15M ... lots of opportunities.
Discipline + Patience - Fear - Greed = Success
  • #161,170
  • Feb 18, 2009 3:19am Feb 18, 2009 3:19am
Quoting GodfreyH
, how can an average of price be a horizontal line. Or ...I should have asked, how many bars previously are averaged?
good question ... volume weighted average price ..... I will send calcs to you later / tomorrow
Blogging daily now at www.volume.zone
  • #161,171
  • Feb 18, 2009 3:20am Feb 18, 2009 3:20am
Quoting arezab
Switch to 15M ... lots of opportunities.

gbpchf been very sweet to trade last few days
Blogging daily now at www.volume.zone
  • #161,172
  • Feb 18, 2009 3:22am Feb 18, 2009 3:22am
Quoting GodfreyH
, how can an average of price be a horizontal line. Or ...I should have asked, how many bars previously are averaged?
Hi Godfrey, did you ever make that EA that trades the QQE?

(maybe it was someone else it's been a while lol)
  • #161,173
  • Feb 18, 2009 3:24am Feb 18, 2009 3:24am
waiting for 3070 to go...then another 100 down in 30 minutes
--post hoc ergo propter hoc--
  • #161,174
  • Feb 18, 2009 3:26am Feb 18, 2009 3:26am
still kicking myself on calling the 3250....then getting killed in that fist spike down. i nursed that damn trade for 6 hours.....

Did someone say BOE was posting minutes right about now???
--post hoc ergo propter hoc--
  • #161,175
  • Feb 18, 2009 3:32am Feb 18, 2009 3:32am
Quoting GodfreyH
, how can an average of price be a horizontal line. Or ...I should have asked, how many bars previously are averaged?
Investopedia explains Volume Weighted Average Price - VWAP
The theory is that if the price of a buy trade is lower than the VWAP, it is a good trade. The opposite is true if the price is higher than the VWAP.

It actually comes from stock trading, and is calculated per session.
{Some Profound Statement goes here}
  • #161,176
  • Feb 18, 2009 3:33am Feb 18, 2009 3:33am
http://i.investopedia.com/inv/dictionary/terms/vwap.gif
{Some Profound Statement goes here}
  • #161,177
  • Feb 18, 2009 3:37am Feb 18, 2009 3:37am
Quoting Monk
still kicking myself on calling the 3250....then getting killed in that fist spike down. i nursed that damn trade for 6 hours.....

Did someone say BOE was posting minutes right about now???

waiting for 3070 to go...then another 100 down in 30 minutes
just calm down, it haven't be 100 or 99 or whatever.
flexibility + patience is everything
BOE have posted minutes, it was 0-9-0 as predicted
  • #161,178
  • Feb 18, 2009 3:40am Feb 18, 2009 3:40am
Looks like Cable has taken out the previous weeks low. Expect more GBP tanking if thats the case. It might bounce from here as its building a broadening pattern on 15m with a lower TL's 3rd touch just now @ around 1.41 If broadening bottom gets confirmed, Cable might reverse.
  • #161,179
  • Feb 18, 2009 3:45am Feb 18, 2009 3:45am
Quoting bpatto
Investopedia explains Volume Weighted Average Price - VWAP
The theory is that if the price of a buy trade is lower than the VWAP, it is a good trade. The opposite is true if the price is higher than the VWAP.

It actually comes from stock trading, and is calculated per session.
  • #161,180
  • Feb 18, 2009 3:48am Feb 18, 2009 3:48am
cable is toast. . . 1.4040 is were it will sit. as long as UJ is robust at current price it will hold GJ up for now.
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