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

  • #165,861
  • Mar 15, 2009 2:37pm Mar 15, 2009 2:37pm
Quoting direct-trade
Looking at the charts I have been trying to decide weither to keep my Shorts from 140 area or cover and wait. Looking from the Weekly down to the 1 hourly I see the following:

Weekly Chart.
Price is:
Almost at 38.2 Fib Fan from 215.84.
Was rejected from 38.2 Fib level from 215.84
Was rejected from Upper trendline.
[font=Calibri][size=3]Candle...
I AGREE WITH YOU 1000% BUT ONLY AFTER WE GET TO 165.00 - 185.00 AREA. NOT A CHANCE IN HELL WE ARE GOING THAT LOW BEFORE WE GET THAT HIGH. I AM AMAZED AT HOW YOU CALL THE PRICE. YOU MUST HAVE A CRYSTAL BALL. I TOLD MALCOMB THAT WE WOULD GO TO 140 AT 120 BUT I COULDNT SAY THAT IT WOULD GO UP DOWN UP DOWN & WHAT PRICE DO WHAT IT DID. JUST LIKE NOW I LAUGH AT PEOPLE THAT SAY IT WILL DROP TO 100.00 THIS THING IS GOING TO 160 - 185 I WOULD BET THE FARM ON IT. AFTER WEGET THERE THEN I WOULD BET THE FARM WE ARE TANKING TO 100 OR EVEN LOWER
  • #165,862
  • Mar 15, 2009 3:12pm Mar 15, 2009 3:12pm
Quoting GreekEagle
I AGREE WITH YOU 1000% BUT ONLY AFTER WE GET TO 165.00 - 185.00 AREA. NOT A CHANCE IN HELL WE ARE GOING THAT LOW BEFORE WE GET THAT HIGH. I AM AMAZED AT HOW YOU CALL THE PRICE. YOU MUST HAVE A CRYSTAL BALL. I TOLD MALCOMB THAT WE WOULD GO TO 140 AT 120 BUT I COULDNT SAY THAT IT WOULD GO UP DOWN UP DOWN & WHAT PRICE DO WHAT IT DID. JUST LIKE NOW I LAUGH AT PEOPLE THAT SAY IT WILL DROP TO 100.00 THIS THING IS GOING TO 160 - 185 I WOULD BET THE FARM ON IT. AFTER WEGET THERE THEN I WOULD BET THE FARM WE ARE TANKING TO 100 OR EVEN LOWER...
do you have cool chicks on the farm, if yes, then allow us to do a survey first.

depending on the chicks we will take the bet.

btw, daily chart trend is down, and there is a hell of wood tochop before going to where you say it would, certainly not in march.
  • #165,863
  • Mar 15, 2009 3:21pm Mar 15, 2009 3:21pm
Quoting GodfreyH
Incidentally, volume was unusually low for gbp futures on Friday.
month rolling over .. look at 6BM9 now ... could go all way to 1.4270

If we break back into the blue channel then even 1,4500 could be upper target on daily


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Blogging daily now at www.volume.zone
  • #165,864
  • Mar 15, 2009 3:26pm Mar 15, 2009 3:26pm
right now we are in ranging conditions and will remina so till we see a an increase in volume on the higher time frames as price moves into 141.5.

The channel is 141.5 to 135 and last week we had a dip to 131.5.

till channel is broken we are going to neither 119 or 165....so why all the arguing . I have been trading the channel seems almost to simple ....

the guy that was short at 140 and did not close 131.5 ... SHAME ON YOU !!!! that is pure greed .....141.5 will be visited this week .
Blogging daily now at www.volume.zone
  • #165,865
  • Mar 15, 2009 3:29pm Mar 15, 2009 3:29pm
if we break 141.5 then 150 and then 155 are next stops on daily ...

break 131.5 then maybe we see test of 120 and lower

right now dips are being bought and all down moves are on lower volume then the up legs on a 4 hour ....

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  • #165,866
  • Mar 15, 2009 3:45pm Mar 15, 2009 3:45pm
Quoting malcolmb14

the guy that was short at 140 and did not close 131.5 ... SHAME ON YOU !!!! that is pure greed .....
If that was aimed at me, let me just say "presumption"

Yes, I have shorts from 140, but also scaled in on the way down. I also have shorts scaled in from 198-205. Am I greedy leaving those shorts running too?

Shame on me? Its my method of trading and works for me. I am prepared for large swings, its my style. If you were aiming at someone else, fine. Do not call me greedy.
  • #165,867
  • Mar 15, 2009 4:05pm Mar 15, 2009 4:05pm
Quoting direct-trade
If that was aimed at me, let me just say "presumption"

Yes, I have shorts from 140, but also scaled in on the way down. I also have shorts scaled in from 198-205. Am I greedy leaving those shorts running too?

Shame on me? Its my method of trading and works for me. I am prepared for large swings, its my style. If you were aiming at someone else, fine. Do not call me greedy.
sorry.... fair enough .....just 900 pips seems like a lot of profit and why not sell them and buy again on the rally ... you pay carry every day

mmm 200 to 119 .... I would be selling for sure ,,, but that works for me .. taking profit....
Blogging daily now at www.volume.zone
  • #165,868
  • Mar 15, 2009 4:08pm Mar 15, 2009 4:08pm
Quoting direct-trade
If that was aimed at me, let me just say "presumption"

Yes, I have shorts from 140, but also scaled in on the way down. I also have shorts scaled in from 198-205. Am I greedy leaving those shorts running too?

Shame on me? Its my method of trading and works for me. I am prepared for large swings, its my style. If you were aiming at someone else, fine. Do not call me greedy.
welcome to the daily malcolmb show, i see you just had your first experience
  • #165,869
  • Mar 15, 2009 4:21pm Mar 15, 2009 4:21pm
yea i think i would of covered some of those 8k+ pips x number of positions



great swinging though bud
"Millionaires don't use astrology, billionaires do"
  • #165,870
  • Mar 15, 2009 4:23pm Mar 15, 2009 4:23pm
Quoting malcolmb14
sorry.... fair enough .....just 900 pips seems like a lot of profit and why not sell them and buy again on the rally ... you pay carry every day

mmm 200 to 119 .... I would be selling for sure ,,, but that works for me .. taking profit....

You and me are not the same person. Do not presume how I trade. Do not assume I should have collected the 47% I added to my real account (check signature)....do not presume that account is the only account I have. In fact let me tell you it is a very small account set up with a different broker to my other account just to keep a journal here (privacy etc).

Do not insult me by calling me greedy. I pay carry everyday? So?

PS. Do not "presume" according to your "insult another trader" analysis we will hit 14150. Very unprofessional IMO.
  • #165,871
  • Mar 15, 2009 4:23pm Mar 15, 2009 4:23pm
Quoting OrionsWay
yea i think i would of covered some of those 8k+ pips x number of positions



great swinging though bud
  • #165,872
  • Mar 15, 2009 4:25pm Mar 15, 2009 4:25pm
Quoting forexlion
welcome to the daily malcolmb show, i see you just had your first experience
act 1 ...

I know a lot of traders have different styles ... some like you make hundreds of pips every day trading a 5m in chart and some buy and hold

for example greekeagle is bullish I know he has been buying all dips , BUT he takes profit when the market seems exhausted and waits for the next pull back . Just wondering why someone who has 900 pips in bank and sees a high vol pin bar forming on a 4 hour chart indicating buyers are coming into the market would not do the same . I guess it is the sell and hold mentality , which may work long term IF gj breaks ALL TIME LOWS . We may never see 119 again ,,. .. who really knows .... at this point. I mean case in point gbpchf ..all the fundamentals were there that it should drop to 1.5200 , instead BOS steps in and intervenes driving it up 400 pips in 10 minutes

we could drift sideways in this 600 pip wide channel for months ,,, and the pips that could be made may well by far exceed the drop from 219 to 119 ..that is what i was trying to say .. may not have been well worded
Blogging daily now at www.volume.zone
  • #165,873
  • Mar 15, 2009 4:30pm Mar 15, 2009 4:30pm
Hello to new week good luck ya'll!
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  • #165,874
  • Mar 15, 2009 4:37pm Mar 15, 2009 4:37pm
Quoting direct-trade
You and me are not the same person. Do not presume how I trade. Do not assume I should have collected the 47% I added to my real account (check signature)....do not presume that account is the only account I have. In fact let me tell you it is a very small account set up with a different broker to my other account just to keep a journal here (privacy etc).

Do not insult me by calling me greedy. I pay carry everyday? So?

PS. Do not "presume" according to your "insult another trader" analysis we will hit 14150. Very unprofessional IMO.

ok ok .. enough already ... I said sorry

and 141.5 ... if this is distribution that we are going thru right now pros will be waiting for another test of 141.5 before they start unloading .. they seem to be buying dips (OR stopping the unloading of their longs) still as price approaches 135 zone . 135 is a critical area it seems and the distribution channel is 135 to 141.5 for now ..... however i have not quiet decided if it is distribution or a sideways accumulation channel as all the down moves in the channel; , even to 131 have been on lower volume then the up moves towards top of channel

47 % on account is great .. nice job ,

my personal style is different from yours where I will use the power of accumulation to do many trades , with 20 - 100 pips a trade with 1.5% risk on account per trade . 20 % or more on account per month is my goal and end of year returns of 500 % or more
Blogging daily now at www.volume.zone
  • #165,875
  • Mar 15, 2009 4:38pm Mar 15, 2009 4:38pm
Quoting forexlion
welcome to the daily malcolmb show, i see you just had your first experience
nice work on your sideshow by the way !!!.... been keeping an eye on it .... good trading ...220 k pips and counting .... awesome job
Blogging daily now at www.volume.zone
  • #165,876
  • Mar 15, 2009 4:39pm Mar 15, 2009 4:39pm
Quoting malcolmb14
act 1 ...

I know a lot of traders have different styles ... some like you make hundreds of pips every day trading a 5m in chart and some buy and hold

for example greekeagle is bullish I know he has been buying all dips , BUT he takes profit when the market seems exhausted and waits for the next pull back . Just wondering why someone who has 900 pips in bank and sees a high vol pin bar forming on a 4 hour chart indicating buyers are coming into the market would not do the same . I guess it is the sell and hold mentality , which may work long term IF gj breaks ALL TIME LOWS . We may never see 119 again ,,. .. who really knows .... at this point. I mean case in point gbpchf ..all the fundamentals were there that it should drop to 1.5200 , instead BankOfShit steps in and intervenes driving it up 400 pips in 10 minutes

we could drift sideways in this 600 pip wide channel for months ,,, and the pips that could be made may well by far exceed the drop from 219 to 119 ..that is what i was trying to say .. may not have been well worded
cool it

lets concentrate on the charts instead.
  • #165,877
  • Mar 15, 2009 4:46pm Mar 15, 2009 4:46pm
Quoting malcolmb14
ok ok .. enough already ... I said sorry



47 % on account is great .. nice job ,

my personal style is different from yours where I will use the power of accumulation to do many trades , with 20 - 100 pips a trade with 1.5% risk on account per trade . 20 % or more on account per month is my goal and end of year returns of 500 % or more
OK, lets just trade? I forgot to mention the 47% was in 1 week if you read the journal. Anyway, I think we got off to a wrong start, I appreciate your analysis.

Here's to a good week
  • #165,878
  • Mar 15, 2009 4:57pm Mar 15, 2009 4:57pm
Quoting malcolmb14
if we break 141.5 then 150 and then 155 are next stops on daily ...

break 131.5 then maybe we see test of 120 and lower

right now dips are being bought and all down moves are on lower volume then the up legs on a 4 hour ....

Attachment
true baby...i agree we may range for a while...but for shorts to have any hope long term i think 133.88 is a better gauge...

...if Pa can close below this level without any reversal next day...then it is very likely we test 131.50 and go below...but i'm not a bear..i'm a bull..baby

my SL remains below 131.50

Long term ..i.e 12 months-18 months we are in a down trend...
but in the medium term i.e 3-6 mths - we are in a corrective up trend..which until complete we are not seeing any record lows...
....dats my 2 cents baby
  • #165,879
  • Mar 15, 2009 5:09pm Mar 15, 2009 5:09pm
Quoting for_idea
Hello to new week good luck ya'll!
Reuters is actually showing a gap up of around 30-40 pips on NZ opening before it was closed 3.5 hours later
  • #165,880
  • Mar 15, 2009 5:10pm Mar 15, 2009 5:10pm
Quoting Eulogy
Reuters is actually showing a gap up of around 30-40 pips on NZ opening before it was closed 3.5 hours later
really strange.. on fxpro platform its on
136.52 while typing
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