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

  • #162,541
  • Feb 26, 2009 12:38pm Feb 26, 2009 12:38pm
Quoting malcolmb14
easy .. look at notes on charts ...

large green bars on mt4 means volume is higher than last volume bar .. does not mean candle is green

yo last question yes that is warning to look for possible long when I see buyers comingi n on an engulfing on high vol
Attachment


to many traders look to indicators for trades .. some have up to 10 indies on a chart ..really trading is not that hard !!!! keep it simple .. and MANAGE THE RISK that is how to become good at this game

really price actio and volume are king ... specially around support / resistance zones.

right now we had high vol engulfing 5 min gj ... and am watching follow thru to that , right now GU is testing daily pivt as is ES . With both of theseu nder tha dialy pivots I would rather sell the rallies.
Blogging daily now at www.volume.zone
  • #162,542
  • Feb 26, 2009 12:39pm Feb 26, 2009 12:39pm
Thank you very much. When you explain it, it seems easy! Interpreting for myself is a minefield!
  • #162,543
  • Feb 26, 2009 12:44pm Feb 26, 2009 12:44pm
Quoting bayoor
please i need help on where to get information on malcolms RSX indicator and the instruction on setting up and using it.
i would appreciate malcolms help or anyones help.
thank you.

it is not about the rsx that makes me ok at this .... it is about understanding price action around levels in a chart

I use daily fib pivots .. posted this indie earlier this week . ....
but you could use whole numbers .... 140 / 141/ etc
rsx is just an indictor

here is same chart with stochastics ... it also showed all the trades when you know what to look for where...

Attached Image (click to enlarge)
Click to Enlarge Name: ym185.png Size: 161 KB
Blogging daily now at www.volume.zone
  • #162,544
  • Feb 26, 2009 12:45pm Feb 26, 2009 12:45pm
Quoting gillybabe
Thank you very much. When you explain it, it seems easy! Interpreting for myself is a minefield!

fairly easy when you know what to look out for and trust the charts .. those saying 143 are swing traders .... and they maybe right. $ hour says buy dips still ..
Blogging daily now at www.volume.zone
  • #162,545
  • Feb 26, 2009 12:48pm Feb 26, 2009 12:48pm
Quoting malcolmb14
to many traders look to indicators for trades .. some have up to 10 indies on a chart ..really trading is not that hard !!!! keep it simple .. and MANAGE THE RISK that is how to become good at this game

really price actio and volume are king ... specially around support / resistance zones.

right now we had high vol engulfing 5 min gj ... and am watching follow thru to that , right now GU is testing daily pivt as is ES . With both of theseu nder tha dialy pivots I would rather sell the rallies.
In your opinion, would the regular "volume" (without esignal) be of much use?
  • #162,546
  • Feb 26, 2009 12:51pm Feb 26, 2009 12:51pm
Quoting Pips_Cruiser
In your opinion, would the regular "volume" (without esignal) be of much use?
it is ok ....

a lot of the time I look to candle patterns first then vol .. then indicators ....
that is how i process thoughts
Blogging daily now at www.volume.zone
  • #162,547
  • Feb 26, 2009 12:54pm Feb 26, 2009 12:54pm
Quoting malcolmb14
it is ok ....

a lot of the time I look to candle patterns first then vol .. then indicators ....
that is how i process thoughts
So it's mainly PA, volume, and S/R . . . with an occasional indicator thrown in for confirmation?
  • #162,548
  • Feb 26, 2009 12:55pm Feb 26, 2009 12:55pm
here is what i am thinking now ...

Attached Image (click to enlarge)
Click to Enlarge Name: ym186.png Size: 148 KB
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  • #162,549
  • Feb 26, 2009 12:57pm Feb 26, 2009 12:57pm
Quoting Pips_Cruiser
So it's mainly PA, volume, and S/R . . . with an occasional indicator thrown in for confirmation?


err yes .. sounds to simple right when you put it like that

I posted last chart with no vol and sotchastic .... just to show it is price action i am watching
Blogging daily now at www.volume.zone
  • #162,550
  • Feb 26, 2009 1:06pm Feb 26, 2009 1:06pm
Quoting malcolmb14
here is what i am thinking now ...

Attachment

so long was closed for 20 pip

now in sell currently +18 .... scalping extreme ... gave you reason for trade set up ..... no BS here. i think fast
Blogging daily now at www.volume.zone
  • #162,551
  • Feb 26, 2009 1:07pm Feb 26, 2009 1:07pm
we should get a nice short here with tp as 140.20 and SL at 141.08
  • #162,552
  • Feb 26, 2009 1:08pm Feb 26, 2009 1:08pm
I had a bunch of Canadian dollars I needed to exchange, so I went to the currency exchange window at the local bank. Just one lady in front of me . . an Asian lady who was trying to exchange yen for dollars and she was a little irritated .... She asked the teller, 'Why it change? Yesterday, I get two hunat dolla fo yen. Today I get hunat eighty? Why it change?'
The teller shrugged his shoulders and said, "Fluctuations".

The Asian lady says, "Fluc you white people, too".
[
  • #162,553
  • Feb 26, 2009 1:08pm Feb 26, 2009 1:08pm
Quoting forexlion
we should get a nice short here with tp as 140.20 and SL at 141.08
infact the drop levels would be 140.04 and 138.71, but i am being conservative with just 80 pips at 140.20
  • #162,554
  • Feb 26, 2009 1:10pm Feb 26, 2009 1:10pm
Quoting rgitt05
I had a bunch of Canadian dollars I needed to exchange, so I went to the currency exchange window at the local bank. Just one lady in front of me . . an Asian lady who was trying to exchange yen for dollars and she was a little irritated .... She asked the teller, 'Why it change? Yesterday, I get two hunat dolla fo yen. Today I get hunat eighty? Why it change?'
The teller shrugged his shoulders and said, "Fluctuations".

The Asian lady says, "Fluc you white people, too".
  • #162,555
  • Feb 26, 2009 1:11pm Feb 26, 2009 1:11pm
Quoting rgitt05
I had a bunch of Canadian dollars I needed to exchange, so I went to the currency exchange window at the local bank. Just one lady in front of me . . an Asian lady who was trying to exchange yen for dollars and she was a little irritated .... She asked the teller, 'Why it change? Yesterday, I get two hunat dolla fo yen. Today I get hunat eighty? Why it change?'
The teller shrugged his shoulders and said, "Fluctuations".

The Asian lady says, "Fluc you white people, too".
Isn't this missing the punchline? Where the Asian lady says, 'Well fluc you Americans too!'

EDIT: Nevermind, I missed it.
  • #162,556
  • Feb 26, 2009 1:13pm Feb 26, 2009 1:13pm
Quoting forexlion
we should get a nice short here with tp as 140.20 and SL at 141.08
are you for real ???? thanks for being a parrot and saying what i said about an hour ago.

when you gonna do you own analysis ?
Blogging daily now at www.volume.zone
  • #162,557
  • Feb 26, 2009 1:16pm Feb 26, 2009 1:16pm
Quoting malcolmb14
are you for real ???? thanks for being a parrot and saying what i said about an hour ago.

when you gonna do you own analysis ?
i based it on fib retracement on weekly high down to 78.6%

the top being 141.74 the 78.6% comes in at 140.04

and the 61.8% at 138.71

want me to post the chart hole.
  • #162,558
  • Feb 26, 2009 1:17pm Feb 26, 2009 1:17pm
Quoting rgitt05
I had a bunch of Canadian dollars I needed to exchange, so I went to the currency exchange window at the local bank. Just one lady in front of me . . an Asian lady who was trying to exchange yen for dollars and she was a little irritated .... She asked the teller, 'Why it change? Yesterday, I get two hunat dolla fo yen. Today I get hunat eighty? Why it change?'
The teller shrugged his shoulders and said, "Fluctuations".

The Asian lady says, "Fluc you white people, too".

Flucing Market !!!
  • #162,559
  • Feb 26, 2009 1:18pm Feb 26, 2009 1:18pm
Quoting rgitt05
I had a bunch of Canadian dollars I needed to exchange, so I went to the currency exchange window at the local bank. Just one lady in front of me . . an Asian lady who was trying to exchange yen for dollars and she was a little irritated .... She asked the teller, 'Why it change? Yesterday, I get two hunat dolla fo yen. Today I get hunat eighty? Why it change?'
The teller shrugged his shoulders and said, "Fluctuations".

The Asian lady says, "Fluc you white people, too".
HAHAHHAAHA

i just g0t back from mexico where the peso was bouncing every day
--post hoc ergo propter hoc--
  • #162,560
  • Feb 26, 2009 1:19pm Feb 26, 2009 1:19pm
Quoting forexlion
i based it on fib retracement on weekly high down to 78.6%

the top being 141.74 the 78.6% comes in at 140.04

and the 61.8% at 138.71

want me to post the chart hole.
but the PA has changed on 1 min by the way.
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