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

  • #166,921
  • Mar 23, 2009 2:28pm Mar 23, 2009 2:28pm
Quoting bigcoupe
I am not a volume expert but do use it when I'm undecided on the direction. This move up today has extremely low volume. Something to think about

B
Agree bro .. low volume
  • #166,922
  • Mar 23, 2009 2:37pm Mar 23, 2009 2:37pm
Quoting mktjong
Agree bro .. low volume
compared to what though

we dont want to see hi volumes in here nor for the next cpl weeks, well if your a bull anyways LOL
"Millionaires don't use astrology, billionaires do"
  • #166,923
  • Mar 23, 2009 2:42pm Mar 23, 2009 2:42pm
I'll go out on a limb and say it. . .

Triple top up at 141.78/80/95 area, low volume (close below is a rejection in my mind) spells marked-up price. . . 135.xx here we come - sooner rather than later. . .

stay tuned. . .
  • #166,924
  • Mar 23, 2009 2:44pm Mar 23, 2009 2:44pm
Quoting quecee5
I'll go out on a limb and say it. . .

Triple top up at 141.78/80/95 area, low volume (close below is a rejection in my mind) spells marked-up price. . . 135.xx here we come - sooner rather than later. . .

stay tuned. . .
Dont play too hard on it
that limb may snap lol
"Millionaires don't use astrology, billionaires do"
  • #166,925
  • Mar 23, 2009 2:46pm Mar 23, 2009 2:46pm
Quoting OrionsWay
compared to what though

we dont want to see hi volumes in here nor for the next cpl weeks, well if your a bull anyways LOL
hehehe .. compares to the previous hourly volumes. This last rise was not volume supported imo.
  • #166,926
  • Mar 23, 2009 2:50pm Mar 23, 2009 2:50pm
Quoting mktjong
hehehe .. compares to the previous hourly volumes. This last rise was not volume supported imo.

Okay now what does that mean?
"Millionaires don't use astrology, billionaires do"
  • #166,927
  • Edited 3:03pm Mar 23, 2009 2:53pm | Edited 3:03pm
Quoting quecee5
I'll go out on a limb and say it. . .

Triple top up at 141.78/80/95 area, low volume (close below is a rejection in my mind) spells marked-up price. . . 135.xx here we come - sooner rather than later. . .

stay tuned. . .
lol, still there.. Wall is in front of US.. but I agree:

actualy Im litle bit dissapointed,

I was expecting a retests of 50 ema [1h] at least, if not [4H] before we touched that 141.60/80 area.. now Im almost sure that without a retest we will have another rejection, [with US markets closed];...
or we are going to range a day-two here just to average, and maybe then if BULLS are still strong we are going to break that barrier..
Attached Image (click to enlarge)
Click to Enlarge Name: $GBPJPY 24_03_2009 (240 Min).jpg Size: 94 KB
  • #166,928
  • Mar 23, 2009 2:55pm Mar 23, 2009 2:55pm
142 is the key. Posted a few pic's in my journal.
  • #166,929
  • Mar 23, 2009 2:58pm Mar 23, 2009 2:58pm
Quoting quecee5
I'll go out on a limb and say it. . .

Triple top up at 141.78/80/95 area, low volume (close below is a rejection in my mind) spells marked-up price. . . 135.xx here we come - sooner rather than later. . .

stay tuned. . .
I would be inclined to agree if 141.70 was rejected by high volume sellers, but I don't feel that has happened. An overnight breather for Asia, for a clean break during London/NY.

JMHOOC
  • #166,930
  • Mar 23, 2009 3:03pm Mar 23, 2009 3:03pm
Quoting OrionsWay
Dont play too hard on it
that limb may snap lol
I hear ya loud and clear bro. . .
  • #166,931
  • Mar 23, 2009 3:04pm Mar 23, 2009 3:04pm
I'm with Quee on the rejection up top.
Patience + Humility + Study = Success
  • #166,932
  • Mar 23, 2009 3:12pm Mar 23, 2009 3:12pm
yes, it looks like the move upwards is exhausted, at least for now. we may see price ranging until next london session, or retrace during asia.
i am not convinced about a serious dip, i need to see a confirmation.
Nihil Sine Deo.
  • #166,933
  • Mar 23, 2009 3:17pm Mar 23, 2009 3:17pm
Quoting Scrat
yes, it looks like the move upwards is exhausted, at least for now. we may see price ranging until next london session, or retrace during asia.
i am not convinced about a serious dip, i need to see a confirmation.
Look like a buying climax to me. . . and it also looks like a late herd cattle call. . .

Here is the question: why isn't price sitting above 141.70/80 resistance? If this move is so strong one would think it would be able to be pushed up above the above "BRICK WALL. . ." Why leave it for the Asian session to achieve - huh?????

Looks like another failed attempt to regain 141.70 and there is now a triple top up there if we get a daily close below it whihc looks like is going to happen unless there is a surge upward within the next 45min. . .
  • #166,934
  • Mar 23, 2009 3:18pm Mar 23, 2009 3:18pm
im still saying down to 138-139 then we push hard up to 147ish area...who knows im short right now for a possible move down
Fear's for the other guy
  • #166,935
  • Mar 23, 2009 3:23pm Mar 23, 2009 3:23pm
yes, that is indeed the question.
i agree, however this is just a possibility at this moment. price has been rejected again at 141.80 area, but i don't see signs of a real push downwards. not just yet.

Quoting quecee5
Look like a buying climax to me. . . and it also looks like a late herd cattle call. . .

Here is the question: why isn't price sitting above 141.70/80 resistance? If this move is so strong one would think it would be able to be pushed up above the above "BRICK WALL. . ." Why leave it for the Asian session to achieve - huh?????

Looks like another failed attempt to regain 141.70 and there is now a triple top up there if we get a daily close below it whihc looks like is going to happen unless there is a surge upward within the next 45min....
Nihil Sine Deo.
  • #166,936
  • Mar 23, 2009 3:25pm Mar 23, 2009 3:25pm
.....is a 350 pip upmove in a single day not enough for you.?

The only reason this looks like a climax is we are now in the graveyard shift. I don't know what will happen, but i'm not seeing a huge decline from here.
  • #166,937
  • Mar 23, 2009 3:32pm Mar 23, 2009 3:32pm
GJ
Attached Image
  • #166,938
  • Mar 23, 2009 3:37pm Mar 23, 2009 3:37pm
Quoting ukdaytrader
.....is a 350 pip upmove in a single day not enough for you.?

The only reason this looks like a climax is we are now in the graveyard shift. I don't know what will happen, but i'm not seeing a huge decline from here.
and im seeing a test with low volume of previous high volume area.

edit: forgot the chart
Attached Image (click to enlarge)
Click to Enlarge Name: chart.gif Size: 21 KB
I recommend you read something else as this sentence is now concluded.
  • #166,939
  • Mar 23, 2009 3:48pm Mar 23, 2009 3:48pm
Quoting Scrat
yes, that is indeed the question.
i agree, however this is just a possibility at this moment. price has been rejected again at 141.80 area, but i don't see signs of a real push downwards. not just yet.
i would have to agree with the comments here and by a few others that the buying is possibly drying up. i feel like i sound like a broker record with this but after the huge rally in stocks i cant help but think futures tonight will be showing a decline of some degree, hopefully this will spawn a nice selling rally for tomorrow ny session if it doesnt happen in asia and europe tonight. just my to pennies worth, im hoping to see a retrace to 138-139 area.
  • #166,940
  • Mar 23, 2009 3:55pm Mar 23, 2009 3:55pm
Quoting Obaidah
and im seeing a test with low volume of previous high volume area.

edit: forgot the chart

Obie that is a nice short off the test
"Millionaires don't use astrology, billionaires do"
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