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

  • #162,841
  • Feb 27, 2009 12:49pm Feb 27, 2009 12:49pm
covered the geppy 40.02
euro @ 2700
have a good weekend
"Millionaires don't use astrology, billionaires do"
  • #162,842
  • Feb 27, 2009 12:58pm Feb 27, 2009 12:58pm
Quoting OrionsWay
covered the geppy 40.02
euro @ 2700
have a good weekend
have a good weekend too J
  • #162,843
  • Feb 27, 2009 1:11pm Feb 27, 2009 1:11pm
Anyone holding over the weekend? I rarely do, but thought I'd ask, I don't see any reason for a gap.
What's that smell?
  • #162,844
  • Feb 27, 2009 1:11pm Feb 27, 2009 1:11pm
Quoting jon clogger
Anyone holding over the weekend? I rarely do, but thought I'd ask, I don't see any reason for a gap.
I'll be holding shorts...
  • #162,845
  • Feb 27, 2009 1:15pm Feb 27, 2009 1:15pm
A simple easy to use inicator which tells you what PA it is currently on the current time frame.

PA indicator
Attached File(s)
File Type: mq4 force.mq4   2 KB | 358 downloads
  • #162,846
  • Feb 27, 2009 1:15pm Feb 27, 2009 1:15pm
Quoting PracticalPip
I'll be holding shorts...
Thanks, my thoughts exactly. Both geppy and U/J.

Have a nice weekend folks, thanks for the analysis, it's time for the Clogger to work on the beer gut, it's been shrinking...not good.
What's that smell?
  • #162,847
  • Feb 27, 2009 1:16pm Feb 27, 2009 1:16pm
Quoting jon clogger
Anyone holding over the weekend? I rarely do, but thought I'd ask, I don't see any reason for a gap.
4 lot from 140.70 (+85pips)
and 1 lot from 139 (-93pips)
and 140.10 (+24pips)

Today total asian trade 220-50=170 pips
US 230

Total = 400pips (ok lol)

I believe big gap on next monday ~ 138.88 level...

Anyway happy holiday to all of you...See you next week..
  • #162,848
  • Feb 27, 2009 1:17pm Feb 27, 2009 1:17pm
Quoting jon clogger
Anyone holding over the weekend? I rarely do, but thought I'd ask, I don't see any reason for a gap.
yep. . .

should be a nice gap down on Sunday depending on where it sits at the close. . . I see bearish divergence on 5min, 15min,, 1hr, 4hr not there yet and daily. . . wouldn't be surprise to see it at or below today's lows or lower at sunday's open if we don't revisit them before close.
  • #162,849
  • Feb 27, 2009 1:18pm Feb 27, 2009 1:18pm
Quoting jon clogger
Thanks, my thoughts exactly. Both geppy and U/J.

Have a nice weekend folks, thanks for the analysis, it's time for the Clogger to work on the beer gut, it's been shrinking...not good.
use this
http://www.forexfactory.com/showpost...stcount=162852

and then tell me what it says about GJ PA.
  • #162,850
  • Feb 27, 2009 1:21pm Feb 27, 2009 1:21pm
Quoting quecee5
yep. . .

should be a nice gap down on Sunday depending on where it sits at the close. . . I see bearish divergence on 5min, 15min,, 1hr, 4hr not there yet and daily. . . wouldn't be surprise to see it at or below today's lows or lower at sunday's open if we don't revisit them before close.
Q, any chance you could post one of those mid time-frame divergences? I only see the 5min, not sure what I'm missing on say 15min or 1 hour.

Thanks!
  • #162,851
  • Feb 27, 2009 1:21pm Feb 27, 2009 1:21pm
Quoting quecee5
yep. . .

should be a nice gap down on Sunday depending on where it sits at the close. . . I see bearish divergence on 5min, 15min,, 1hr, 4hr not there yet and daily. . . wouldn't be surprise to see it at or below today's lows or lower at sunday's open if we don't revisit them before close.

Thank you my brother from another mother.
What's that smell?
  • #162,852
  • Feb 27, 2009 1:24pm Feb 27, 2009 1:24pm
Quoting quecee5
yep. . .

should be a nice gap down on Sunday depending on where it sits at the close. . . I see bearish divergence on 5min, 15min,, 1hr, 4hr not there yet and daily. . . wouldn't be surprise to see it at or below today's lows or lower at sunday's open if we don't revisit them before close.
wouldn't be so bad to see a gap up so we can add more then down, but don't look like it's going to happen.
  • #162,853
  • Feb 27, 2009 1:31pm Feb 27, 2009 1:31pm
Quoting pkimnyc
wouldn't be so bad to see a gap up so we can add more then down, but don't look like it's going to happen.
I'd like to see what the last hour brings. . . wonder if we'll see a sell-off or a run for the top. . . nevertheless the way we close today will dictate the open on Sunday and it's looking more and more like there is some positioning for selling going on - could be wrong but that's what it feels like - or maybe the market is just exhausted. . .
  • #162,854
  • Feb 27, 2009 1:35pm Feb 27, 2009 1:35pm
Quoting quecee5
I'd like to see what the last hour brings. . . wonder if we'll see a sell-off or a run for the top. . . nevertheless the way we close today will dictate the open on Sunday and it's looking more and more like there is some positioning for selling going on - could be wrong but that's what it feels like - or maybe the market is just exhausted. . .
order some PIP-Corns mate,
It's time!
  • #162,855
  • Feb 27, 2009 1:35pm Feb 27, 2009 1:35pm
Quoting quecee5
I'd like to see what the last hour brings. . . wonder if we'll see a sell-off or a run for the top. . . nevertheless the way we close today will dictate the open on Sunday and it's looking more and more like there is some positioning for selling going on - could be wrong but that's what it feels like - or maybe the market is just exhausted. . .
i see the same thing, the rising wedge in 15 min chart tells a lot.....
  • #162,856
  • Feb 27, 2009 1:40pm Feb 27, 2009 1:40pm
Quoting quecee5
I'd like to see what the last hour brings. . . wonder if we'll see a sell-off or a run for the top. . . nevertheless the way we close today will dictate the open on Sunday and it's looking more and more like there is some positioning for selling going on - could be wrong but that's what it feels like - or maybe the market is just exhausted. . .

60 min volume action ....

asia and London down on LOW volume .... that was markets test , that ended in a nice high volume pin bar just before GDP ... aka stopping volume.

Since then all the up volume on the 60 min has been high = buyers and the and the one down bar we have had on the 60 min in the US session has been on low volume ( another test). By the looks of the way this is setting up I think we may see that break out next week that everyone has been looking for. In my eyes it is still buy dips unless 135 is taken out.

The ES has shown major signs of accumulation this week....if the sellers give up we could see it get back up into the 800 zone. THe gj has a only one correlation with the markets ... when the markets go up it goes up .. seems to be ingnoring the downward correlation .

should be another interesting week next week.
Blogging daily now at www.volume.zone
  • #162,857
  • Feb 27, 2009 1:42pm Feb 27, 2009 1:42pm
Quoting pkimnyc
i see the same thing, the rising wedge in 15 min chart tells a lot.....
please what would that imply as i'm in a long trade at the moment.price has retraced to 5sma on the 1hr.thats why i'm still in a long. please i need substantive advice since its a friday.
  • #162,858
  • Feb 27, 2009 1:45pm Feb 27, 2009 1:45pm
Quoting bayoor
please what would that imply as i'm in a long trade at the moment.price has retraced to 5sma on the 1hr.thats why i'm still in a long. please i need substantive advice since its a friday.
i was only speaking on behalf of what i see in my chart.
though i'm in favor of shorts, there is something that i don't like what i see in the rising wedge. my advise to you, trust what you see in your chart and don't listen to anyone. if you have solid reasons why you were long then you should stick to your trade.

in my case, my bias would be short all the way until 141.70 is taken out. i had trading plans based on that and what i saw, so i' stick to it.
  • #162,859
  • Feb 27, 2009 1:57pm Feb 27, 2009 1:57pm
Quoting malcolmb14
60 min volume action ....

asia and London down on LOW volume .... that was markets test , that ended in a nice high volume pin bar just before GDP ... aka stopping volume.

Since then all the up volume on the 60 min has been high = buyers and the and the one down bar we have had on the 60 min in the US session has been on low volume ( another test). By the looks of the way this is setting up I think we may see that break out next week that everyone has been looking for. In my eyes it is still buy dips unless 135 is taken out.

The ES has shown...
nice analysis mate - thxs for the summary. . .
  • #162,860
  • Feb 27, 2009 2:05pm Feb 27, 2009 2:05pm
Quoting pkimnyc
i was only speaking on behalf of what i see in my chart.
though i'm in favor of shorts, there is something that i don't like what i see in the rising wedge. my advise to you, trust what you see in your chart and don't listen to anyone. if you have solid reasons why you were long then you should stick to your trade.

in my case, my bias would be short all the way until 141.70 is taken out. i had trading plans based on that and what i saw, so i' stick to it.
I favor shorts as well not because I have shorts in place simply because everyone seems to be ignoring that double top at 141 area and the lower high and lower low on 1hr/4hr tf. . . also I see bearish divergence on 1hr and daily TF but 4hr is still too early to tell. . . However, the pin on the daily warns of something different. . .

will have to see how we close to determine if holding over the weekend is a good idea - more than likely i will. . .
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