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

  • #173,801
  • Apr 28, 2009 7:21pm Apr 28, 2009 7:21pm
Quoting bigcoupe
I got my short entry 20 min ago

B

I hate you lol

missed my short entry target by 4 pips , but now opened long on 141,80 as mentioned earlier
Blogging daily now at www.volume.zone
  • #173,802
  • Apr 28, 2009 7:22pm Apr 28, 2009 7:22pm
Quoting Eulogy
Hey mate, i was looking at your esignal chart and the thing that's caught my eye is the great disparity between the volume here and what i've seen on MT4.

M15 to H1 MT4 whist showing the spike in PA isn't showing much of a increase in volume, in fact the spike in volume always seems to appear 1-2 bars before it on a low spread small shadow bearish candle at the end of a small bull run.
If your query is why Mal14 volume looks different , as you know he uses
esignal . The nearest we can get to that volume indi is an indicator which
is available on shamus famous thread . However it works best on IBFX as
their volume comes from multiple bank sources , similar to esignal . Your
average mt4 volume might be coming from just your broker . Hope this
helps .
  • #173,803
  • Apr 28, 2009 7:35pm Apr 28, 2009 7:35pm
Quoting Piters
that is b/c of banks holiday in Japan, or maybe flying Pigs,
thought you were sleeping bro.
  • #173,804
  • Apr 28, 2009 7:35pm Apr 28, 2009 7:35pm
Quoting Andrew Vu
Hi,
I am trying to learn fibonacci, anyone here can teach me when retracement start? How it works? Which TF I can use for retracement? I am very bad at this:-). Thanks.

there is no right or wrong way to do this , as no matter what time frame you plot fibs they will always have confluence with fibs on a higher time frame


here is a 5 min chart ...... we just bounced off the 141.75 level,

which ties in with 10 pip of the 23.6 % retracement off the 15 min chart ... 2nd chart , note also how on the 15 min chart price found good support on the 50 % fib today

do not worry about the HV 01 to HV04 level they are areas that I plot on charts that are high volume pivots from sessions up to 20 session back

141.70 is high vol pivot 2 and 3 days ago and 143 ish is upside target if this holds


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Attached Image (click to enlarge)
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Blogging daily now at www.volume.zone
  • #173,805
  • Apr 28, 2009 7:37pm Apr 28, 2009 7:37pm
Quoting bigcoupe
I got my short entry 20 min ago

B
is that a pin bar formation?
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #173,806
  • Apr 28, 2009 7:39pm Apr 28, 2009 7:39pm
Quoting malcolmb14
maybe but the buying on the 4 hour in london and us session off 139 should not be ......
True, the buying off 139 during UK-US was expected since its the LTL on the channel that i've drawn. There is also the fact that the beast couldn't get above the 141.76 handle in those high volume times (a level i remind you that i had earmarked over 3 weeks ago and was seen talking about with FXlion just yesterday). What's disturbing me is that heavy volume coupled with crazily optimistic news (CB scaled to whatever confidence level anyone) comes out it still couldn't break the handle. Its only in the thin markets where that level is not only broken, it was completely ignored and bypassed.
  • #173,807
  • Apr 28, 2009 7:43pm Apr 28, 2009 7:43pm
Holding on to my long from 139.35 CCI 20 on daily looks bullish last two days close on daily is hammer shape
  • #173,808
  • Apr 28, 2009 7:53pm Apr 28, 2009 7:53pm
Quoting pkimnyc
thought you were sleeping bro.
sleeping probably a better choice. i might go watch a movie.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #173,809
  • Apr 28, 2009 7:58pm Apr 28, 2009 7:58pm
One more question, which fibonacci level are common one for retracement.
I noticed 61.8 and 38. are the most accurate one?

If uptrend, after draw line from high to low, if either 61.8 or 38., it is good idea to buy when next candle form above one of these fibonacci? Stop loss may be below the previous candle? 10-20 pips?

If it against your prediction, but the risk is minimize. Anyone trading this way? For downtrend, similar concept...

This is my noob questions. Thanks again.
  • #173,810
  • Apr 28, 2009 8:02pm Apr 28, 2009 8:02pm
Quoting Andrew Vu
One more question, which fibonacci level are common one for retracement.
I noticed 61.8 and 38. are the most accurate one?

If uptrend, after draw line from high to low, if either 61.8 or 38., it is good idea to buy when next candle form above one of these fibonacci? Stop loss may be below the previous candle? 10-20 pips?

If it against your prediction, but the risk is minimize. Anyone trading this way? For downtrend, similar concept...

This is my noob questions. Thanks again.

yes the 61.8 and 38 seem to be popular ones.

I do not use fibs i use murray math lines
Blogging daily now at www.volume.zone
  • #173,811
  • Apr 28, 2009 8:03pm Apr 28, 2009 8:03pm
GM all. I think short is a good option around 143 level but we'll see what indicators tell us there.
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  • #173,812
  • Apr 28, 2009 8:18pm Apr 28, 2009 8:18pm
It is approaching to 4H 50ema (red) and 200ema (pink), probably would see some stiff resistance here
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  • #173,813
  • Apr 28, 2009 8:28pm Apr 28, 2009 8:28pm
On daily chart price has return in channel.
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  • #173,814
  • Edited 8:50pm Apr 28, 2009 8:29pm | Edited 8:50pm
Just a reminder that next week is Golden Week in Asia, with the first holiday, "Showa Day" today in Japan... Following with Constitution Day on May 3rd, and Greenery Day on May 4th, Children's Day ends the week on May 5th. May 6th is also a holiday due to the fact that Constitution Day falls on a Sunday this year. These holidays constitute the busiest travel season in Japan, with many workers taking off from work for at least a week.


I see 156 this week...

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  • #173,815
  • Apr 28, 2009 8:31pm Apr 28, 2009 8:31pm
Quoting bigcoupe
I got my short entry 20 min ago

B
Are you serious? If this is the case ...
  • #173,816
  • Apr 28, 2009 8:38pm Apr 28, 2009 8:38pm
Quoting rgitt05
Just a reminder that next week is Golden Week in Asia, with the first holiday, "Showa Day" today in Japan... Following with Constitution Day on May 3rd, and Greenery Day on May 4th, Children's Day ends the week on May 5th. May 6th is also a holiday due to the fact that Constitution Day falls on a Sunday this year. These holidays constitute the busiest travel season in Japan, with many workers taking off from work for at least a week.


I see 156 this week...


If we see 156 this week, weekly candle will close as a Rising Three Method (Continuation Bullish pattern)
  • #173,817
  • Apr 28, 2009 8:41pm Apr 28, 2009 8:41pm
Quoting Fusion
Are you serious? If this is the case ...
'bigcoupe' is famous with his counter trend trade, when everyone is short, he is long, and vice versa :-)
  • #173,818
  • Apr 28, 2009 8:41pm Apr 28, 2009 8:41pm
Quoting rgitt05
Just a reminder that next week is Golden Week in Asia, with the first holiday, "Showa Day" today in Japan... Following with Constitution Day on May 3rd, and Greenery Day on May 4th, Children's Day ends the week on May 5th. May 6th is also a holiday due to the fact that Constitution Day falls on a Sunday this year. These holidays constitute the busiest travel season in Japan, with many workers taking off from work for at least a week.


I see 156 this week...

no offense but i sincerly doubt it. the holliday information is good to know though.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #173,819
  • Edited 8:54pm Apr 28, 2009 8:41pm | Edited 8:54pm
All aboard....I have been buying on the dips..



Quoting PandoraBox
If we see 156 this week, weekly candle will close as a Rising Three Method (Continuation Bullish pattern)
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  • #173,820
  • Apr 28, 2009 8:42pm Apr 28, 2009 8:42pm
Quoting mktjong
'bigcoupe' is famous with his counter trend trade, when everyone is short, he is long, and vice versa :-)
it's bullish but it's not a bull market. should it break though resistance i would change my view. you just never know. let the market decide.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
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