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

  • #163,121
  • Mar 2, 2009 6:14am Mar 2, 2009 6:14am
Quoting Piters
shorts, be careful we may bounce a litlle from here
how much a little?
Thanks
  • #163,122
  • Mar 2, 2009 6:18am Mar 2, 2009 6:18am
Quoting djambazov84
ok ...seriously where do you get all that volume data it just blows my mind.

forex is NOT a centralized exchange...
tick volume ... esignal has a data source with 300 feeds ... good enough
Blogging daily now at www.volume.zone
  • #163,123
  • Mar 2, 2009 6:18am Mar 2, 2009 6:18am
Quoting marcb
how much a little?
Thanks
I have 3 levels on my mind:

  1. 137.90
  2. 138.50
  3. 139.00

each level at the time, GBP is getting some more power, YM retracing, eveything now is Up to the NY market, If we fail to test the first level, then we go Down, I mean DOWN..[imho]

  • #163,124
  • Mar 2, 2009 6:20am Mar 2, 2009 6:20am
Quoting Pips_Cruiser
Here's why some people think VSA won't work as well in Forex:

http://www.forexspirit.com/2008/03/07/when-volume-lies/

It's not the same as the "dollar volume" in other markets. In Forex it's more like a "tick count". The tick count is fed into volume indicators. But it's like putting water in a tea cup and calling the water tea, just because it's in a tea cup.

Plus that tick count does vary by broker, as others already pointed out. Possibly not by a whole lot, but it does vary. With esignal you get a much better representation,...

I use vsa .. traded 90 pips using a no demand bar on 15 min in asia ... I use esignal ... 300 sources
Blogging daily now at www.volume.zone
  • #163,125
  • Mar 2, 2009 6:32am Mar 2, 2009 6:32am
Quoting Piters
shorts, be careful we may bounce a litlle from here
Now GJ below EMA 50 at H4 TF, we might see more down when NY big boys joint bear party.
  • #163,126
  • Mar 2, 2009 6:37am Mar 2, 2009 6:37am
Quoting PandoraBox
Now GJ below EMA 50 at H4 TF, we might see more down when NY big boys joint bear party.

= =
  • #163,127
  • Mar 2, 2009 6:37am Mar 2, 2009 6:37am
Quoting Pips_Cruiser
Here's why some people think VSA won't work as well in Forex:

http://www.forexspirit.com/2008/03/07/when-volume-lies/

It's not the same as the "dollar volume" in other markets. In Forex it's more like a "tick count". The tick count is fed into volume indicators. But it's like putting water in a tea cup and calling the water tea, just because it's in a tea cup.

Plus that tick count does vary by broker, as others already pointed out. Possibly not by a whole lot, but it does vary. With esignal you get a much better representation,...
those that do not understand VSA .. those are the doubters ...also a lot of traders look at the right side of the charts only .. you have to look at what has happened in the background to complete VSA of the candle on the right of the chart

1) woke up
2) saw gj in primary down trend
3) look for no demand bar 5 min
4)see it
4) sell gj off 137.30, 20 pips stop
5) take 1/2 off in 15 min for 60 pip
6) move stop to break even other half
7) go back to bed (4am here)

I am not going to describe all the methods of vsa in this forum , but no demand bars in rallies in down trends are the easiest


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Blogging daily now at www.volume.zone
  • #163,128
  • Mar 2, 2009 6:37am Mar 2, 2009 6:37am
Yep, successful breach ... how hard a fall now the question ...
  • #163,129
  • Mar 2, 2009 6:41am Mar 2, 2009 6:41am
Quoting PandoraBox
Now GJ below EMA 50 at H4 TF, we might see more down when NY big boys joint bear party.
YEP, still Im waiting on my 15min ema kiss. Then Im sure that we go DOWN..
Im not convinced... we get back .. for sure...LOL

I need GoodBye Kiss
  • #163,130
  • Mar 2, 2009 6:42am Mar 2, 2009 6:42am
Quoting PandoraBox
Now GJ below EMA 50 at H4 TF, we might see more down when NY big boys joint bear party.
this looks like Friday to me so far , almost exact same thing happened .. 120 pip move down 4 am my time to 5:30 am .... then wham 250 pip rally on bad usd news

think usd news is all good and going to keep tanking gu as this is where this move is coming from ?

we need break of es below 700 for Uj to crumble .
Blogging daily now at www.volume.zone
  • #163,131
  • Mar 2, 2009 6:45am Mar 2, 2009 6:45am
Quoting malcolmb14
this looks like Friday to me so far , almost exact same thing happened .. 120 pip move down 4 am my time to 5:30 am .... then wham 250 pip rally on bad usd news

think usd news is all good and going to keep tanking gu as this is where this move is coming from ?

we need break of es below 700 for Uj to crumble .
The thing is M, YM is retracing, this drop look to me like GBP selling, GBP was the weakest on the board... we go UP.. and maybe Up to DPP... but 15 min ema is all good for me!!

The power of Levels:
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  • #163,132
  • Mar 2, 2009 6:46am Mar 2, 2009 6:46am
137.70 area should now be resistance formerly support. . .
I will be looking to short more here on a failureto regain this support. . .

also, if 136.50 support is broken say hello to the next level of support at 134.50 area. . .

shorts looking very good here. . .
  • #163,133
  • Mar 2, 2009 6:47am Mar 2, 2009 6:47am
Quoting Piters
The thing is M, YM is retracing, this drop look to me like GBP selling, GBP was the weakest on the board... we go UP.. and maybe Up to DPP... but 15 min ema is all good for me!!
yup high vol candle into support 5 min

then low volume test just below support

then high vol pin bar ... = buyers

caught long off 136.60 for a few pips , half off 40 pip and stop be other half ...trading 100% using VSA this morning so far
Blogging daily now at www.volume.zone
  • #163,134
  • Mar 2, 2009 6:47am Mar 2, 2009 6:47am
Just added a bit more to shorts here at 137.05. Back to sleep for a couple more hours, or until we break 136.00... whichever comes first.
  • #163,135
  • Mar 2, 2009 6:47am Mar 2, 2009 6:47am
Quoting Piters
YEP, still Im waiting on my 15min ema kiss. Then Im sure that we go DOWN..
Im not convinced... we get back .. for sure...LOL

I need GoodBye Kiss
  • #163,136
  • Mar 2, 2009 6:56am Mar 2, 2009 6:56am
i can really feel the pre-open tension !
  • #163,137
  • Mar 2, 2009 7:01am Mar 2, 2009 7:01am
Quoting Piters
YEP, still Im waiting on my 15min ema kiss. Then Im sure that we go DOWN..
Im not convinced... we get back .. for sure...LOL

I need GoodBye Kiss
Forget it 15min EMA kiss...., You can kiss me...for replacing 15min 50EMA kissing...
  • #163,138
  • Mar 2, 2009 7:03am Mar 2, 2009 7:03am
Quoting PandoraBox
Forget it 15min EMA kiss...., You can kiss me...for replacing 15min 50EMA kissing...

Lool NP mate, we workout details after NY session..
  • #163,139
  • Mar 2, 2009 7:05am Mar 2, 2009 7:05am
Hi guys,

How is going all? Hope y'all are doing great. I had been off more than a month from this forum .. I miss you guys .. (lilmoe, malcolmb, queece, piters, pandorabox, .. all)
(am at Taipei airport on my way back to US )
  • #163,140
  • Mar 2, 2009 7:05am Mar 2, 2009 7:05am
Quoting PandoraBox
Forget it 15min EMA kiss...., You can kiss me...for replacing 15min 50EMA kissing...
high vol pin bar 60 MIN suggests buyers down here at 136.40 ....

so unless all USD news is good for usd I think Piters may get his 50 ema kiss

if pros are selling gj they will use a GU and hence gj rally to sell into it
Blogging daily now at www.volume.zone
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