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

  • #173,841
  • Apr 28, 2009 11:13pm Apr 28, 2009 11:13pm
Quoting england33
what i don't like about them is they seem to appear alot so having any reliablity on them probably isn't good. alot of candle sticks look like that and after a good move you think i missed that candlestick formation. well it all looks good in retrospect but they aren't reliable in my opinion.

pin bars are all about volume associated with them ... they tend to work well with the right volume / pin bar set up
Blogging daily now at www.volume.zone
  • #173,842
  • Apr 28, 2009 11:17pm Apr 28, 2009 11:17pm
Quoting bigcoupe
Thx.

Some times it works, other times it doesnt. That's the way she goes.

I'm still in the bear camp myself which is an indication you guys should be buying . I'm just looking at the Daily Gann (1HR), WP, 50 and 100 MA (4HR) as resistance.

ALSO...the fact that Japan is on Holiday tends to skew things. I hate to trade when there is a holiday but I never learn.

Anyway, I won't go bull unless the daily closes above the resistance levels I stated.

G/L all,

B
yeah i don't like the way this week is behaving. bulls do have a slight advantage here but they still have to prove it with the resistance. there's still case for bear market. 4hr is actually bullish in my opinion but the strength of the move is in question. would be wise to select trades under a microscope and not chase anything. it's better to let the market ride a bit for more definition. i think this might be some kind of range that favors the upside or breaks down and returns to bear mode. gut feeling right now seems bullish but be careful. not to sound like i'm flopping sides but i did say in asian session it would go up. the reaction to resistance is important and what happens in new session. asia might be proping it up for a good fall or there will be a point where the bull gains momentum.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #173,843
  • Apr 28, 2009 11:18pm Apr 28, 2009 11:18pm
Quoting malcolmb14
pin bars are all about volume associated with them ... they tend to work well with the right volume / pin bar set up

here are 2 pin bars that produced 2 very nice trades ... note the volume


expected target on short is 142.18

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY3MIN54.png Size: 180 KB
Blogging daily now at www.volume.zone
  • #173,844
  • Apr 28, 2009 11:19pm Apr 28, 2009 11:19pm
Quoting malcolmb14
pin bars are all about volume associated with them ... they tend to work well with the right volume / pin bar set up
good point. i'll keep that in consideration when i look into them more. there's some real good suggestions in that link that i'm also going to look into.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #173,845
  • Apr 28, 2009 11:20pm Apr 28, 2009 11:20pm
Quoting malcolmb14
here are 2 pin bars that produced 2 very nice trades ... note the volume


expected target on short is 142.18

Attachment
declining bull volume in the second setup sticks out like a sore thumb..
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #173,846
  • Apr 28, 2009 11:22pm Apr 28, 2009 11:22pm
Quoting malcolmb14
here are 2 pin bars that produced 2 very nice trades ... note the volume


expected target on short is 142.18

Attachment
ah so it's high volume you looking for.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #173,847
  • Apr 28, 2009 11:24pm Apr 28, 2009 11:24pm
Quoting england33
ah so it's high volume you looking for.

has to be on the pin bars ... without they mean nothing

on lows the high volume means that buyers are coming in

on highs it means that sellers are coming in
Blogging daily now at www.volume.zone
  • #173,848
  • Apr 28, 2009 11:24pm Apr 28, 2009 11:24pm
Quoting RoquePlumas
I agree with your words! Wisdom comes from understanding that growing never ends. One might not agree with somebody else's opinion, but it must not be disregarded it, nonetheless.
that's the way to go. i like your thinking.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #173,849
  • Apr 28, 2009 11:25pm Apr 28, 2009 11:25pm
Quoting malcolmb14
has to be on the pin bars ... without they mean nothing

on lows the high volume means that buyers are coming in

on highs it means that sellers are coming in
hmm this might be good to find the shakeouts so to speak.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #173,850
  • Apr 28, 2009 11:31pm Apr 28, 2009 11:31pm
am may change to long if GY break 143.75 break my 61.8% fib from 138.94-149.81

D1 should flip above gann ~ 145.50 area

but when I checked Weekly chart..osh 146.67 look possible this week or next week...

still holding my short atm

mmm..am decide how to go in next London seesion see how..
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  • #173,851
  • Apr 28, 2009 11:35pm Apr 28, 2009 11:35pm
intially i had said 141.70 was important resistance. my second resistance was 142.50 which hit and slightly retraced. i think this level is key for bull. for true bull market to return were talking below 140 but right now the market seems relaxed at these higher levels. just what i see and feel. next session to carry us higher or reject the move up.

edit actually above 142.50. so bulls in control at this point.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #173,852
  • Apr 28, 2009 11:38pm Apr 28, 2009 11:38pm
and short term is overbaught.
upside i think is limited to 144-145 area..
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #173,853
  • Apr 28, 2009 11:44pm Apr 28, 2009 11:44pm
i don't chase a woman she comes to me. if i were long i should have been in at 139.60 ish so at this point i will look for a short when the bull runs out of gas.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #173,854
  • Apr 28, 2009 11:46pm Apr 28, 2009 11:46pm
Quoting england33
i don't chase a woman she comes to me. if i were long i should have been in at 139.60 ish so at this point i will look for a short when the bull runs out of gas.
yeah,

chasing a woman, you'll lose all your money, chasing money, you'll never lose a woman...
  • #173,855
  • Apr 28, 2009 11:53pm Apr 28, 2009 11:53pm
chasing a woman, you'll lose all your money, chasing money, you'll never lose a woman...[/quote]

I love it !!!
  • #173,856
  • Apr 28, 2009 11:59pm Apr 28, 2009 11:59pm
it's not always a good strategy if you want action lol.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #173,857
  • Apr 29, 2009 12:05am Apr 29, 2009 12:05am
ok seriously. seems that the bull seems to have slowed considerably. looking at my 15m it is slightly bearish.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #173,858
  • Apr 29, 2009 12:08am Apr 29, 2009 12:08am
Quoting PipChick
HD's are one of the best tools to add to your arsenal england. Its well worth learning.
What are HD`s please ?
  • #173,859
  • Apr 29, 2009 12:14am Apr 29, 2009 12:14am
Quoting england33
ok seriously. seems that the bull seems to have slowed considerably. looking at my 15m it is slightly bearish.
Asian session closed, dubai, and moscow open follow. EU and LDN we should see a retracement.. 1h and 4h are up to retracement.. For today Im not seeing GY higher then 143.80 with 143.50 most likely. And UY at 97.40 as a top..

but could be wrong..
  • #173,860
  • Apr 29, 2009 12:17am Apr 29, 2009 12:17am
Quoting glass
What are HD`s please ?
Hard Drive. j/k

HD = Hidden Divergence.
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