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

  • #165,841
  • Mar 15, 2009 11:20am Mar 15, 2009 11:20am
Quoting rogerdoger
hi malc are you still doing your trading room?

no gave it up to focus 100% on trading my account ....
Blogging daily now at www.volume.zone
  • #165,842
  • Mar 15, 2009 11:30am Mar 15, 2009 11:30am
I complete agree with direct trade about manipulation of PA .The Four hour chart is attached showing what should have happened .
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  • #165,843
  • Mar 15, 2009 11:44am Mar 15, 2009 11:44am
looks at volume 4 hr .. we see the move form 136 to 131.5 was on lower / ave volume .. pros not really interested in the move down , however the volume on the up moves seem to be getting accumulated,

we are back into that 136 to 141 channel and a move into 141 is very liekly in the next few days

What I would like to see is the bull flag that we see on a on a 15 min right now test 136 on low vol
Blogging daily now at www.volume.zone
  • #165,844
  • Mar 15, 2009 11:54am Mar 15, 2009 11:54am
chart:
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  • #165,845
  • Mar 15, 2009 12:06pm Mar 15, 2009 12:06pm
This candle formation has not been seen since 9th Feb.
Similarity between 4hr candle proceeding 1000 pip drop in Feb and Fridays 4hr Candle formation. Note the similarity in price with only a 100 pip differece. Wonder if history will repeat itself?
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  • #165,846
  • Edited 12:21pm Mar 15, 2009 12:09pm | Edited 12:21pm
that is just exhausting demand as supply came back on board,, similar patterns on any exhaustion whether long or short


the real question is has demand in the big picture disappeared daily weekly monthly quaterly

this is quaterly chart
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"Millionaires don't use astrology, billionaires do"
  • #165,847
  • Mar 15, 2009 12:20pm Mar 15, 2009 12:20pm
...and look how the 9th Feb 4 hourly turned into daily reversal candle formation. Looking for this 4 hourly to do the same. Looking for tomorrow to end in Doji. Tuesday close at 13150 area, Weds-Fri towards 12750. Once Daily in alignment with 4hr and weekly, well...we shall see.
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  • #165,848
  • Mar 15, 2009 12:22pm Mar 15, 2009 12:22pm
Quoting OrionsWay
that is just exhausting demand as supply came back on board,, similar patterns on any exhaustion whether long or short


the real question is has demand in the big picture disappeared daily weekly monthly quaterly

this is quaterly chart
can you come online on your skype?
I recommend you read something else as this sentence is now concluded.
  • #165,849
  • Mar 15, 2009 12:23pm Mar 15, 2009 12:23pm
Quoting Piters
No comment, just have a look my 2 Daily charts... I would say, dont be in love with bulls, NOT YET at least..
but isn't this a rising trend ?
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  • #165,850
  • Mar 15, 2009 12:27pm Mar 15, 2009 12:27pm
Quoting OrionsWay
that is just exhausting demand as supply came back on board,, similar patterns on any exhaustion whether long or short


the real question is has demand in the big picture disappeared daily weekly monthly quaterly

this is quaterly chart

I would say the rise from the lows is on very low volume. Once volume arrives, the GJ is in for a surprise, one way or the other. Something we need to think about is the BOE intervention about to occur this week. Do they want a lower £ to enable increase in exports? Will they manipulate Price to achieve it such as the BOS action? I wish I knew, but all I can do is trade my charts. I see a fall, thats all.
  • #165,851
  • Mar 15, 2009 12:28pm Mar 15, 2009 12:28pm
Quoting Piters
No comment, just have a look my 2 Daily charts... I would say, dont be in love with bulls, NOT YET at least..
well said.
There is a big bull flag on u/j which has retraced to the 38,2 and as of now, imho price may got enough momentum to go through previous resistance - 100 and weekly 50ema. But not until the bull flag is broken.
Pound has smashed through 4hr 50ema with a wide spread bar and stays there. Next resistance is the TL. If it stays there - daily Higher Low.
However, on g/j chart attached we can see, how after 5sma crossed daily Gann there always was a drop, either with retracement or not. Will it be 5th time? If not and daily Gann flipped to bull side - imho will open the road to the higher that 141 level.
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  • #165,852
  • Mar 15, 2009 12:36pm Mar 15, 2009 12:36pm
Ok, my last post until we see 118.90

It seems most are now ready to start thinking long. I said the market would spike upwards to help convince to go long. Only when most are long will price spike quickly downwards faster than you thought.

Sorry, but I need to stick with my convictions. See you at 118!

Good Luck!
  • #165,853
  • Edited Mar 16, 2009 3:22am Mar 15, 2009 12:40pm | Edited Mar 16, 2009 3:22am
Quoting forexlion
but isn't this a rising trend ?
1H and less, yeah.. maybe.. but have a look some bigger - larger picture..

Lot of resis. [need to be clear].. and few days rally is a normal thing.. that's a correction..

the bear market is for months and years...
My Weekly Chart..
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  • #165,854
  • Mar 15, 2009 12:40pm Mar 15, 2009 12:40pm
Quoting Piters
chart:

nice bull flag piters.....
Blogging daily now at www.volume.zone
  • #165,855
  • Mar 15, 2009 12:41pm Mar 15, 2009 12:41pm
Quoting direct-trade
Ok, my last post until we see 118.90

It seems most are now ready to start thinking long. I said the market would spike upwards to help convince to go long. Only when most are long will price spike quickly downwards faster than you thought.

Sorry, but I need to stick with my convictions. See you at 118!

Good Luck!

lol,, my friend.. my charts shows me even 64...48.. .. but I agree 118 is the next stop..
  • #165,856
  • Mar 15, 2009 12:45pm Mar 15, 2009 12:45pm
I look for either rejection at 140, or break above 140 with 140 becoming support for a bull trend.
Patience + Humility + Study = Success
  • #165,857
  • Mar 15, 2009 12:47pm Mar 15, 2009 12:47pm
Quoting malcolmb14
nice bull flag piters.....
YEp mate, but we are dragging that UTL from 216, and now supprted with Daily Gann.. hmm maybe BOJ + BOA intervention would solve the bear thing??? I dont thing so...

HAve a look ES, DAX, FTSE on daily.. they are all looks same.. maybe some more testing.. but 800 is a WALL.. .they cannot breakt hrough that...

Just giving me an idea on this bullish move, unsuported by any fundamentials.. only the pure correction, or as you said,, the bears, just took their profits..

What I think: ???

maybe day or two, testing, and then some trigger, bad news,,, whatever, and we are again on Ground zero.. to finish that storry..

Not over for bears.. 145 maybe.. just maybe..
  • #165,858
  • Mar 15, 2009 12:55pm Mar 15, 2009 12:55pm
Hi direct-trade the pattern is called a Petrifing Harami .
I love this pattern too its very reliable at the top.
There are some differences’ to the 2 you show the first is more bearish imo.
The doji on the first closed at the top of the candle there was a little upper wick much like a hanging man at the top, the second in the middle. The first was also the second attempt to go higher and I can not see any higher price when I look to the immediate left on the second.

Quoting direct-trade
This candle formation has not been seen since 9th Feb.
Similarity between 4hr candle proceeding 1000 pip drop in Feb and Fridays 4hr Candle formation. Note the similarity in price with only a 100 pip differece. Wonder if history will repeat itself?
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #165,859
  • Mar 15, 2009 1:31pm Mar 15, 2009 1:31pm
Quoting Piters
1H and less, yeah.. maybe.. but have a look some bigger - larger picture..

Lot of Supports. [need to be clear].. and few days rally is a normal thing.. that's a correction..

the bear market is for months and years...
My Weekly Chart..
its M1 just for laughs
  • #165,860
  • Mar 15, 2009 2:29pm Mar 15, 2009 2:29pm
Incidentally, volume was unusually low for gbp futures on Friday.
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