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

  • #163,621
  • Mar 3, 2009 5:53pm Mar 3, 2009 5:53pm
Quoting hwsv07
just a quick one:

what if PA went on higher at even lower volume if after it has successfully tested the lows? what would that signify?

supplly has vanished and stops will be consumed until the offer comes back at higher handles

thats how u can tell a trend also, good volume but not excessive, until it either dries up totally or expands incrediblely but moderate is continuation
"Millionaires don't use astrology, billionaires do"
  • #163,622
  • Mar 3, 2009 6:05pm Mar 3, 2009 6:05pm
Quoting hwsv07
just a quick one:

what if PA went on higher at even lower volume if after it has successfully tested the lows? what would that signify?

well market cannot keep going up unless volume is there. Prices will always take the easier ruote if volume is low....

lower volume on the move up of a test of lows just means that there is buying but not massive interest from the professional money. When i see moves like this I like to look for low spread candles in to new highs ( up bars) on lower volume than last 2 candles. This is a no demand bar and can indciate reversal.

If , as orion says , you meander in to an area of previous resistance look for ther sellers to hit price and look for the sell.

right now on a 5 min chart we had a no demand bar right at previous pivot high and sellers are there at about 138.20 , we also had a very nice upthrust bar ..... looking to trap those break out traders , who do not know what the hell a NO DEMAND bar in the background before the upthrust signifies....

Attached Image
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  • #163,623
  • Mar 3, 2009 6:22pm Mar 3, 2009 6:22pm
Orion,
What do yo use for volume indicator? I know malcomb uses esignal, but thats too steep $$ for me atm..
  • #163,624
  • Mar 3, 2009 6:24pm Mar 3, 2009 6:24pm
upside has been rejected today

UTL of the falling wedge holds very well

im aiming for 132.70 target now
Attached Image (click to enlarge)
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  • #163,625
  • Mar 3, 2009 6:29pm Mar 3, 2009 6:29pm
Quoting Cdawg
Orion,
What do yo use for volume indicator? I know malcomb uses esignal, but thats too steep $$ for me atm..

Just platform volumes on windosr direct mt4 good enough to see anything that needs to be seen for me
"Millionaires don't use astrology, billionaires do"
  • #163,626
  • Mar 3, 2009 6:34pm Mar 3, 2009 6:34pm
Quoting malcolmb14
well market cannot keep going up unless volume is there. Prices will always take the easier ruote if volume is low....

lower volume on the move up of a test of lows just means that there is buying but not massive interest from the professional money. When i see moves like this I like to look for low spread candles in to new highs ( up bars) on lower volume than last 2 candles. This is a no demand bar and can indciate reversal.

If , as orion says , you meander in to an area of previous resistance look for ther sellers to hit price and look for...
it's clear to me mal.

thanks for that. how do you exit entry on that situation you posted?
  • #163,627
  • Mar 3, 2009 6:42pm Mar 3, 2009 6:42pm
well all carries were pulled up by the confidence inspired when the RBA put the AUD IR on hold.

Now AUS GDP q/q got hammered.......
  • #163,628
  • Mar 3, 2009 6:45pm Mar 3, 2009 6:45pm
Quoting hwsv07
it's clear to me mal.

thanks for that. how do you exit entry on that situation you posted?

look for a no demand bar to exit up moves .... or upthrust ... or really high vol up bars that are hit with sellers
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  • #163,629
  • Mar 3, 2009 6:49pm Mar 3, 2009 6:49pm
Quoting bunton
Might be looking short?
trigger and pos 43
Attached Image (click to enlarge)
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Check Mate GAME OVER
  • #163,630
  • Mar 3, 2009 6:55pm Mar 3, 2009 6:55pm
any one short?
  • #163,631
  • Mar 3, 2009 6:55pm Mar 3, 2009 6:55pm
Quoting bunton
trigger and pos 43

gettin nervous ?

crapping their pants more like ... buyers are not there ...
Blogging daily now at www.volume.zone
  • #163,632
  • Mar 3, 2009 6:56pm Mar 3, 2009 6:56pm
Quoting hcruces
any one short?

was off 138.10 , closed 137.50 , waiting for next trade
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  • #163,633
  • Mar 3, 2009 7:00pm Mar 3, 2009 7:00pm
so did i..i bearly got out...it spiked way fast. Are you looking to re short here?
  • #163,634
  • Mar 3, 2009 7:01pm Mar 3, 2009 7:01pm
The 1hr Down trendline comes in at 138.20
  • #163,635
  • Mar 3, 2009 7:04pm Mar 3, 2009 7:04pm
Quote
was off 138.10 , closed 137.50 , waiting for next trade

I had the exact same trade, though didnt close mine... I have to wrap my head around the fact that not every trade goes 100-200-500 pips.. instead, I'm BE +1 and probably get stopped out.. lol.

Still I think Asia is going down into the 135s area.. So i'll just hold it till i get TP or stoped out..
  • #163,636
  • Mar 3, 2009 7:04pm Mar 3, 2009 7:04pm
Quoting malcolmb14
was off 138.10 , closed 137.50 , waiting for next trade

snap to the pip - i think ill be selling the rallies tonight
  • #163,637
  • Mar 3, 2009 7:05pm Mar 3, 2009 7:05pm
Quoting cohiba pips
snap to the pip - i think ill be selling the rallies tonight
do not be so rigid ... swing both ways ....lol


we could be ranging 137.40 to 138.20 ....
Blogging daily now at www.volume.zone
  • #163,638
  • Mar 3, 2009 7:09pm Mar 3, 2009 7:09pm
Quoting bunton
trigger and pos 43
1 min trigger
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Check Mate GAME OVER
  • #163,639
  • Mar 3, 2009 7:12pm Mar 3, 2009 7:12pm
Mal, not long off lower trend channel ?
  • #163,640
  • Mar 3, 2009 7:15pm Mar 3, 2009 7:15pm
Quoting pipmyride
Mal, not long off lower trend channel ?
GJ is currently having fake orga.... safer to avoid it.
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