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

  • #163,901
  • Mar 4, 2009 4:46pm Mar 4, 2009 4:46pm
Quoting Piters
LOL, dont want to sound desparate,
[next time I'll post only when my trade is IN THE SAME DIRECTION as PA]

but this ususaly breaks to downside... [Rising wedge.. end of rising market <- google It]

correct
"Millionaires don't use astrology, billionaires do"
  • #163,902
  • Mar 4, 2009 4:47pm Mar 4, 2009 4:47pm
Quoting shahroodi
hi obaidah
there is simple rules that i use(primary and secondary movements and trend line)...see below:
http://stockcharts.com/school/doku.p...ry#conclusions
ty
I recommend you read something else as this sentence is now concluded.
  • #163,903
  • Mar 4, 2009 4:48pm Mar 4, 2009 4:48pm
Quoting jon clogger
Strong UJ + Asia session = no sense at all. Trading at this time requires a different strategy.

First, do analysis and determine where price action should go (long).
Second, does the first step agree with the trend (short).
Third, if in the Asia session do the opposite of your analysis and trend (shlong).
Love it!
Asain session procedure - look at log to see who's short - spike price until all shorts are cleared. . . okay now look at log to see who's long okay spike price down until longs are cleared. damn - we got more idiot shorts back up there - spike price back up to squeeze shorts again - okay all clear - look at those idiots longs again lets get'em. . .

ping pong, ping pong, ping pong . . .manipulation!
  • #163,904
  • Mar 4, 2009 4:53pm Mar 4, 2009 4:53pm
Quoting Piters
LOL, dont want to sound desparate,
[next time I'll post only when my trade is IN THE SAME DIRECTION as PA]

but this ususaly breaks to downside... [Rising wedge.. end of rising market <- google It]
Desparate House-traders!!
  • #163,905
  • Mar 4, 2009 4:53pm Mar 4, 2009 4:53pm
Quoting quecee5
meaning u believe its headed south or north?
GJ is in a sideways accumulation channel ..... one more drop and she will liekly break higher .. much higher .... I posted the VSA reasons why yesterday .

In accumulation channels bottom of channel is tested on low volume .. and volume rises as we approach top of channel . This is exactly happening on GJ 2 hour right now. This 136 to 140 channel is just GJ resting and accumualting before next leg up. anyone holding off 136 may not see that are for a while ..... I think BOE interest rates tomorrow will be deciding factor

I do not see any massive drop in the near future .. not unless the ES suddenly tanks to 300 , and even then it is not a given.
Blogging daily now at www.volume.zone
  • #163,906
  • Mar 4, 2009 4:57pm Mar 4, 2009 4:57pm
Quoting quecee5
Love it!
Asain session procedure - look at log to see who's short - spike price until all shorts are cleared. . . okay now look at log to see who's long okay spike price down until longs are cleared. damn - we got more idiot shorts back up there - spike price back up to squeeze shorts again - okay all clear - look at those idiots longs again lets get'em. . .

ping pong, ping pong, ping pong . . .manipulation!
but looking at H1 and H4, using a tool to compare volume with volume average of the previous days volume for the same hour, its just average with some bars got lower than average :S

i better go for a walk and i'll see what happen tomorrow
I recommend you read something else as this sentence is now concluded.
  • #163,907
  • Mar 4, 2009 5:00pm Mar 4, 2009 5:00pm
Quoting malcolmb14
GJ is in a sideways accumulation channel ..... one more drop and she will liekly break higher .. much higher .... I posted the VSA reasons why yesterday .

In accumulation channels bottom of channel is tested on low volume .. and volume rises as we approach top of channel . This is exactly happening on GJ 2 hour right now. This 136 to 140 channel is just GJ resting and accumualting before next leg up. anyone holding off 136 may not see that are for a while ..... I think BOE interest rates tomorrow will be deciding factor

I do not see any massive...


Thxs - not looking for a massive drop at this point just a dip to 139/138. . .
if/when it gets there I will re-evaluate PA at that time. . .
If my SL is hit then I will re-evaluate my charts to determine why price is very OB on all TF's but continued north for a zillion pips?

Until then - what I see is a classic scare tactic to weed out weak shorts. Repeated patterns = Priceless!

5 min chart up to daily screaming relief south - just a matter of time!
  • #163,908
  • Mar 4, 2009 5:03pm Mar 4, 2009 5:03pm
I'm with malcolm on this...139 might be a low before the move north, Piters that could just as easily be an ascending triangle = continuation, the 4hr bull flag is broken tothe upside, and price could go up to 150-160 and still be in the daily bear flag/up channel.

Anyone got any pointers for UK inflation effect on GBP pairs, reading, experience etc ?
Money & Pain Respect the market, protect your capital, be patient
  • #163,909
  • Mar 4, 2009 5:31pm Mar 4, 2009 5:31pm
She's feeling sick, starting to puke... Blaaarrrrgggghhhh.
What's that smell?
  • #163,910
  • Mar 4, 2009 5:33pm Mar 4, 2009 5:33pm
Quoting quecee5


Thxs - not looking for a massive drop at this point just a dip to 139/138. . .
if/when it gets there I will re-evaluate PA at that time. . .
If my SL is hit then I will re-evaluate my charts to determine why price is very OB on all TF's but continued north for a zillion pips?

Until then - what I see is a classic scare tactic to weed out weak shorts. Repeated patterns = Priceless!

5 min chart up to daily screaming relief south - just a matter of time!
Q,

think we have a beautiful classic bearish divergence in 4 hr chart, UJ.
what do you think?
  • #163,911
  • Mar 4, 2009 5:36pm Mar 4, 2009 5:36pm
Quoting jon clogger
She's feeling sick, starting to puke... Blaaarrrrgggghhhh.
  • #163,912
  • Mar 4, 2009 5:38pm Mar 4, 2009 5:38pm
Quoting pkimnyc
Q,

think we have a beautiful classic bearish divergence in 4 hr chart, UJ.
what do you think?
I hope it plays out. Did a huge short at 99.39, when I say huge I'm talking about the local pawn shop sitting on all of my earthly belongings. Plus the owner there is ruthless and butchers everyone's name who brings him business.

I need this pretty bad...
What's that smell?
  • #163,913
  • Mar 4, 2009 5:41pm Mar 4, 2009 5:41pm
Quoting jon clogger
I hope it plays out. Did a huge short at 99.39, when I say huge I'm talking about the local pawn shop sitting on all of my earthly belongings. Plus the owner there is ruthless and butchers everyone's name who brings him business.

I need this pretty bad...
yea just got in myself. bit too late for me, so couldn't sell my wife. lol
  • #163,914
  • Mar 4, 2009 5:45pm Mar 4, 2009 5:45pm
Quoting pkimnyc
Q,

think we have a beautiful classic bearish divergence in 4 hr chart, UJ.
what do you think?
my thoughts exactly. . .
waiting for a drop below gann hi/lo on 30 min chart to confirm price decline to at least 139.20/30 area and if I see a 4hr close below 5 sma on 4hr chart i will add to shorts short-term and move SL to BE - will re-evaluate when/after target is hit!
  • #163,915
  • Mar 4, 2009 5:49pm Mar 4, 2009 5:49pm
Quoting quecee5
my thoughts exactly. . .
waiting for a drop below gann hi/lo on 30 min chart to confirm price decline to at least 139.20/30 area and if I see a 4hr close below 5 sma on 4hr chart i will add to shorts short-term and move SL to BE - will re-evaluate when/after target is hit!
hope this goes down further than that though....

  • #163,916
  • Mar 4, 2009 5:49pm Mar 4, 2009 5:49pm
Quoting malcolmb14
GJ is in a sideways accumulation channel ..... one more drop and she will liekly break higher .. much higher .... I posted the VSA reasons why yesterday .

In accumulation channels bottom of channel is tested on low volume .. and volume rises as we approach top of channel . This is exactly happening on GJ 2 hour right now. This 136 to 140 channel is just GJ resting and accumualting before next leg up. anyone holding off 136 may not see that are for a while ..... I think BOE interest rates tomorrow will be deciding factor

I do not see any massive...

I just see this on the day chart...
Attached Image (click to enlarge)
Click to Enlarge Name: gj1.gif Size: 38 KB
I trade what I see on my charts. Do Not listen to the Muppets.
  • #163,917
  • Mar 4, 2009 5:50pm Mar 4, 2009 5:50pm
the way this yen been operated, will prolly have to cover at 98.75 unless we breakdown from there we bounce
"Millionaires don't use astrology, billionaires do"
  • #163,918
  • Mar 4, 2009 5:52pm Mar 4, 2009 5:52pm
Quoting OrionsWay
the way this yen been operated, will prolly have to cover at 98.75 unless we breakdown from there we bounce
  • #163,919
  • Mar 4, 2009 5:53pm Mar 4, 2009 5:53pm
Quoting pkimnyc
hope this goes down further than that though....

  • #163,920
  • Mar 4, 2009 6:04pm Mar 4, 2009 6:04pm
Quoting jon clogger
Medium short here 140.68, Sl 141.12, Target 1/2 off +50, the rest, who knows.

Thanks for the reply to my earlier PM Quecee.

There she goes, half off at +50, SL set to BE on other half. During Asia of all times. The Clogger is gettin' laid tonight. Well I shouldn't push my luck.
What's that smell?
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