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

  • #174,081
  • Apr 29, 2009 8:46pm Apr 29, 2009 8:46pm
Quoting cancunkev
so Mal you see another 200 pips or so...about 800 in total, with no retrace?

hard to believe I know ... but look at my 8 hour last move 135 to 151 there was NO retrace ...

I am watching that trend line on my 8 hour ... no breakie no shortie ....lol

142.20 is key pivot for me now , as long as she stays above that I am buying dips . There is no importance to this level other than by eye it seems to be good pivot area on charts , If price breaks 145,50 t5hen 150 may be hit even tomorrow on a rapid up move

last night I was told 150 call was way in left field ... today it my be very close.

The volume on 4 hour clearly showed accumulation .... a very clearly
Blogging daily now at www.volume.zone
  • #174,082
  • Apr 29, 2009 8:50pm Apr 29, 2009 8:50pm
Quoting PipinStein
Malc, that 145.8 area that was support and tested like 4 times when we came down from 151, You don't consider that strong resistance?

we will come in knock on its doors , look for a high volume pin bar , this will indicator sellers .. then see what the drop is. If only 50 pips or so sellers should be making a mess in their underwear , 2nd move to it will be very fast and on a mark up thru resistance

the other thing that may happen is to mark price up quickly through that resistance level on volume the 1st time it tests it ..... this locks in the longs that would have sold at that level and entices them to stay in the market so as the pros buy on the way up they are not buying into supply AND for those that have sells at this level makes them all get stopped out adding to the intensity of the up move through resistance. If you miss the original breakout wait for a LOW VOLUME retrace / test of resistance that has now become support. That is your 2nd chance entry
Blogging daily now at www.volume.zone
  • #174,083
  • Apr 29, 2009 8:58pm Apr 29, 2009 8:58pm
Mal,

My 8 hour chart tells a different story, I know different platform feeds will give different results, but this seems too obvious to me.

Buying off 139 on decreasing volume. Swap payments of 7x spread across 2 days, instead of 2x. I think that the buying will continue till tonight, but once the swap interest is paid out, down we go.

I will be a seller above 148.00.
Attached Image (click to enlarge)
Click to Enlarge Name: GY_H8_300409.JPG Size: 218 KB
{Some Profound Statement goes here}
  • #174,084
  • Apr 29, 2009 8:59pm Apr 29, 2009 8:59pm
Thanks.
  • #174,085
  • Apr 29, 2009 9:07pm Apr 29, 2009 9:07pm
Japan is on holiday until next wednesday
  • #174,086
  • Apr 29, 2009 9:10pm Apr 29, 2009 9:10pm
my gut tells me she is just about due for a nice retrace....

i can see mal's point on the volume, however i see now on lower tf's that the up bars are on decreasing volume and the market appears tired. japan is on vacation, BS news all around....london may want to buy...but not at these prices...
  • #174,087
  • Apr 29, 2009 9:13pm Apr 29, 2009 9:13pm
Quoting bpatto
Mal,

My 8 hour chart tells a different story, I know different platform feeds will give different results, but this seems too obvious to me.

Buying off 139 on decreasing volume. Swap payments of 7x spread across 2 days, instead of 2x. I think that the buying will continue till tonight, but once the swap interest is paid out, down we go.

I will be a seller above 148.00.

that looks very different from esignal 300 sources feed .. i trust esignal feed .

between midnight and 0800 PST tomorrow will be the truthameter .. .lol .... lets see what London gives us overnight

even if we head down we may see more buying of stock market tomorrow in US

I think we may see an upthrust into 147 zone then retrace to 145.3 test at london us overlap tomorrow then up to 148

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY3MIN59.png Size: 203 KB
Blogging daily now at www.volume.zone
  • #174,088
  • Apr 29, 2009 9:22pm Apr 29, 2009 9:22pm
Quoting malcolmb14
hard to believe I know ... but look at my 8 hour last move 135 to 151 there was NO retrace ...

I am watching that trend line on my 8 hour ... no breakie no shortie ....lol

142.20 is key pivot for me now , as long as she stays above that I am buying dips . There is no importance to this level other than by eye it seems to be good pivot area on charts , If price breaks 145,50 t5hen 150 may be hit even tomorrow on a rapid up move

last night I was told 150 call was way in left field ... today it my be very close.

The volume on 4 hour clearly showed...
lol pull a rabit out of a hat. ok dude what ever. i see you only take your own advice into consideration. why post if you know it all. i don't think i said it the way you took it but i guess that's how people take things here of ff factory. i also said if you talking about day trading that isn't a day trade target. please don't bend my words. attack me for the entire week i guess.. i give up/!!!!
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #174,089
  • Apr 29, 2009 9:24pm Apr 29, 2009 9:24pm
Ok, here's a Heiken indicator you guys can look at in getting an idea of the general trend. Use it in different periods and see if it's useful.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy.gif Size: 16 KB
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File Type: ex4 HA_Trend.ex4   3 KB | 318 downloads
  • #174,090
  • Apr 29, 2009 9:33pm Apr 29, 2009 9:33pm
Just got my 22" lcd screen .. nice
  • #174,091
  • Apr 29, 2009 9:36pm Apr 29, 2009 9:36pm
Quoting mktjong
Just got my 22" lcd screen .. nice
I'll be setting mine up as well over the weekend. Just got it yesterday. Dell Studio XPS and 22" 2209WA monitor
  • #174,092
  • Apr 29, 2009 9:39pm Apr 29, 2009 9:39pm
Quoting bpatto
I am with you on this. I think the last couple of days of buying have been a play on the triple and quadruple swap interest for Wednesday/Thursday.

Saying this, I won't be shorting with any significant lots till 139.00 has a clean break.
This is sage advice considering a fracture of 139 would be a definitive break of the up trend since January lows. Considering the overall bearish chart framework I guess we'll call the push up from Jan lows a 'dead cat' bounce..
  • #174,093
  • Edited 9:58pm Apr 29, 2009 9:40pm | Edited 9:58pm
Bullish Hidden Divergence.... on 15M ..this one will be a fast PA. 144.30 should be a good long entry...Too much Resistence on the UPside,, But it should make it..Last stop 147.78.. I think.
Markets are not Random, they are designed!
  • #174,094
  • Apr 29, 2009 9:41pm Apr 29, 2009 9:41pm
Quoting Eulogy
I'll be setting mine up as well over the weekend. Just got it yesterday. Dell Studio XPS and 22" 2209WA monitor
Cool, I like Dell. Monitor is getting a lot cheaper
  • #174,095
  • Apr 29, 2009 9:43pm Apr 29, 2009 9:43pm
Quoting GodfreyH
Ok, here's a Heiken indicator you guys can look at in getting an idea of the general trend. Use it in different periods and see if it's useful.
Thanks for sharing.

PS I can never figure out what timeframe your charts are showing.
  • #174,096
  • Apr 29, 2009 9:52pm Apr 29, 2009 9:52pm
Quoting GodfreyH
Ok, here's a Heiken indicator you guys can look at in getting an idea of the general trend. Use it in different periods and see if it's useful.
cool.. i'm assuming that's different than the regular heiken..
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #174,097
  • Apr 29, 2009 10:06pm Apr 29, 2009 10:06pm
Quoting england33
cool.. i'm assuming that's different than the regular heiken..
It's a bit earlier and closer to the real bars, there are so many ha indicators, but I don't have the source code for this one to take it apart.
  • #174,098
  • Apr 29, 2009 10:09pm Apr 29, 2009 10:09pm
Quoting GodfreyH
It's a bit earlier and closer to the real bars, there are so many ha indicators, but I don't have the source code for this one to take it apart.
yah there are quite a few indicators out there. i've had to cut back on my charts to focus on which ones work and work together. in fact i have too many now lol. i bet if you really wanted that source code it's out there. unless you've already searched. the code bank mq4 site has alot of them but i've found some just by doing searches on google for what it's worth. cool i'll have to try it out.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #174,099
  • Apr 29, 2009 10:17pm Apr 29, 2009 10:17pm
Quoting cancunkev
bigcoupe...

care to pick a top?
IMHO....if we dont have the top yet, I'm selling more at 145.6.

But you know what they say about opinions...

B
  • #174,100
  • Apr 29, 2009 10:20pm Apr 29, 2009 10:20pm
Quoting bigcoupe

But you know what they say about opinions...

B
lol like a grain of sand and especially if you say one thing on forex factory (internet no pun intended) someone is lible to say you said it differently or interpret it differently lol.. the context of one's perception varies greatly.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
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