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

  • #175,821
  • May 8, 2009 7:30pm May 8, 2009 7:30pm
Quoting forexlion
Pits, here is your yearly fibs, we tested 150 the second time, and it is gearing up to break it once and for all.

and that will put 162.70 into focus later, prolly this month or june.

the second chart is daily and shows sustained buying pressure for now. unless daily turns, i do not see any downtrend forming.

again as i quoted earlier, we are doing sustained trading above last week high, which means dips are being bought, making shorting hazardous.

whats your stake on this.
Quoting forexlion
there goes my H4, now i am all in for longs

118, 120.xx.130.xx, and soon 140.xx levels will be history.
weekend closes at 150

next week, if we break this level of 150.16 and do sustained trading above it, then it will be time to say goodbye to everything below this level permanently, or unless there is something on daily chart trend to change this view.

i don't give a shit to volume, but then T3MA automatically caters for it, that is why it works the way it does
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  • #175,822
  • May 8, 2009 7:34pm May 8, 2009 7:34pm
Pastor's Ass


The pastor entered his donkey in a race and it won.

The pastor was so pleased with the donkey that he entered it in the race again, and it won again.

The local paper read:

PASTOR'S ASS OUT FRONT.

The Bishop was so upset with this kind of publicity that he ordered the pastor not to enter the donkey in another race.

The next day, the local paper headline read:

BISHOP SCRATCHES PASTOR'S ASS.

This was too much for the bishop, so he ordered the pastor to get rid of the donkey.

The pastor decided to give it to a nun in a nearby convent.

The local paper, hearing of the news, posted the following headline the next day:

NUN HAS BEST ASS IN TOWN.

The bishop fainted.

He informed the nun that she would have to get rid of the donkey, so she sold it to a farmer for $10.

The next day the paper read:

NUN SELLS ASS FOR $10.

This was too much for the bishop, so he ordered the nun to buy back the donkey and lead it to the plains where it could run wild.

The next day the headline read:

NUN ANNOUNCES HER ASS IS WILD AND FREE.

The bishop was buried the next day.

The moral of the story is ....

Being concerned about public opinion can bring you much grief and misery.
It could even shorten your life.
So be yourself and enjoy life.

Stop worrying about everyone else's ass and you'll be a lot happier and live longer!

Have a great day!
  • #175,823
  • May 8, 2009 7:43pm May 8, 2009 7:43pm
Quoting bingchi6
Could u post the bid/ask ind. at ur left top hand corner?
Thanks,
BINGCHI6 this Bid /ASK is provided on my VT trader platform..Dont think i can provide you ... its on the tool menu..Sorry..cant help you with that..why you need it though...you should have it on your platform??
Markets are not Random, they are designed!
  • #175,824
  • May 8, 2009 7:50pm May 8, 2009 7:50pm
Quoting forexlion
weekend closes at 150

next week, if we break this level of 150.16 and do sustained trading above it, then it will be time to say goodbye to everything below this level permanently, or unless there is something on daily chart trend to change this view.

i don't give a shit to volume, but then T3MA automatically caters for it, that is why it works the way it does

that is cause you do not understand volume.

T3MA is a moving average .... has NOTHING to do with volume. It is a triple smoothed moving average of price so how the hell can it cater for volume ?? i could say 149 and every other price level at 100 pip intervals accounts for volume but is does not , just like the T3 does not. I have used T3 by the way so know how it works and how it is programmed

once again you showed your true ignorance.

as a couple of traders on here will a test that I have been trading with on skype most of my entries when trading with them this week using volume entries got very little draw down (20 pips max ) before making me $$$$
Blogging daily now at www.volume.zone
  • #175,825
  • May 8, 2009 7:59pm May 8, 2009 7:59pm
What's up guys, been recently busy - last week with the university, but got a few trades. BTW I think this weekend should be full with price anticipation at opening, cause euro down around 230. I was long since thursday and was at orientation and about to close it, when I found my phobe ran out of juice....lol
  • #175,826
  • May 8, 2009 8:01pm May 8, 2009 8:01pm
Quoting forexlion
weekend closes at 150

next week, if we break this level of 150.16 and do sustained trading above it, then it will be time to say goodbye to everything below this level permanently, or unless there is something on daily chart trend to change this view.

i don't give a shit to volume, but then T3MA automatically caters for it, that is why it works the way it does

you crack me up 162 is it ? lets see if volume or indies win

here is my 4 hour chart CLEARLY showing distribution is taking place. I am selling all rallies off 150 / 150.5 for 200 pips a crack unless i see real buying coming back in

Pros are NOT going to take market up to much higher of this level. why would they . would you walk into a car dealership and pay asking price for a car or would you want a discount ?

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Blogging daily now at www.volume.zone
  • #175,827
  • May 8, 2009 8:06pm May 8, 2009 8:06pm
Quoting forexlion
The moral of the story is ....

Being concerned about public opinion can bring you much grief and misery.
It could even shorten your life.
So be yourself and enjoy life.

Stop worrying about everyone else's ass and you'll be a lot happier and live longer!

Have a great day!
i dun give a shit to volume, i trade my own setup.
  • #175,828
  • May 8, 2009 8:09pm May 8, 2009 8:09pm
Quoting malcolmb14
you crack me up 162 is it ? lets see if volume or indies win

here is my 4 hour chart CLEARLY showing distribution is taking place. I am selling all rallies off 150 / 150.5 for 200 pips a crack unless i see real buying coming back in

Pros are NOT going to take market up to much higher of this level. why would they . would you walk into a car dealership and pay asking price for a car or would you want a discount ?

Attachment
i know the weekend quotes dont carry much itself, but for entertaining purposes it is down around 200, too. And as for entertaining... I need some... there is like 7 hours or so road in front of me, so i need one. As for gj going down - very possible, cause bull runs are slower as traders like to take profits and during them it sometimes retraces down, as if the trend sentiment changed....
  • #175,829
  • May 8, 2009 8:11pm May 8, 2009 8:11pm
nice run today . Took a sell before market closed . who is buying ??/ the volume was marked up 200 pip on low volume and not only low but divergence. That is why sells did not work they market was being manipulated in low volume Friday after noon session

This may actually signify some weakness going into early next week .

This ties in with my theory that GJ is being distributed on the 4 hour chart

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Blogging daily now at www.volume.zone
  • #175,830
  • May 8, 2009 8:11pm May 8, 2009 8:11pm
Quoting forexlion
i dun give a shit to volume, i trade my own setup.

I do believe you are good at what you do..all your funky indicators... But Volume plays A GREAT role in tradin...it is very important// Please do give a shit.
Markets are not Random, they are designed!
  • #175,831
  • May 8, 2009 8:14pm May 8, 2009 8:14pm
Quoting forexlion
i dun give a shit to volume, i trade my own setup.
I trade your setups as well ..

when you go long I go short and when you go short I go long .. pure money maker

I actually made a tonne of your zulu account by doing the opposite to you. I saw the draw downs you got on most trades and quickly worked out that was the way you operate .... it was awesome. When are you starting your new account there??? The last one -116,000 pip was really great for my technique of inverse whatever you do
Blogging daily now at www.volume.zone
  • #175,832
  • May 8, 2009 8:14pm May 8, 2009 8:14pm
Quoting malcolmb14
nice run today . Took a sell before market closed . who is buying ??/ the volume was marked up 200 pip on low volume and not only low but divergence. That is why sells did not work they market was being manipulated in low volume Friday after noon session

This may actually signify some weakness going into early next week .

This ties in with my theory that GJ is being distributed on the 4 hour chart

Attachment
Malcolmb.. know you dont trade E/U.. during scalping..greed took over...and am in heavy loss..... anything you can say whats going on..with volume..any sign it comes down few pips..(range).. your help will be appreciated.. should not had traded this on Friday...
Markets are not Random, they are designed!
  • #175,833
  • May 8, 2009 8:19pm May 8, 2009 8:19pm
mima this is what I was telling you about

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  • #175,834
  • May 8, 2009 8:26pm May 8, 2009 8:26pm
Quoting malcolmb14
you crack me up 162 is it ? lets see if volume or indies win

here is my 4 hour chart CLEARLY showing distribution is taking place. I am selling all rallies off 150 / 150.5 for 200 pips a crack unless i see real buying coming back in

Pros are NOT going to take market up to much higher of this level. why would they . would you walk into a car dealership and pay asking price for a car or would you want a discount ?

Attachment
hey bro! i have a question ... isnt true that if a high volume down bar followed by narrow down bar OR up bar then we have accumelation and not distribution?
I recommend you read something else as this sentence is now concluded.
  • #175,835
  • May 8, 2009 8:37pm May 8, 2009 8:37pm
Quoting Raza
Malcolmb.. know you dont trade E/U.. during scalping..greed took over...and am in heavy loss..... anything you can say whats going on..with volume..any sign it comes down few pips..(range).. your help will be appreciated.. should not had traded this on Friday...

daily R is at 1.3740 , we have a lareg up candle today , to wide

in past when eu has had this we get reatrce , maybe after a 75 pip or 100 pip ' upthrust' 600 pips on one and 700 on another

see 1st chart

2nd chart 4 hour .... the move up was on only just average volume seems odd. A move like that you
would have though would have shown higher volume

3rd chart 60 min ... interesting there were sellers at 1.35600 .. lots of them then the up move wqas on low volume

why do I smell something funny going on ? on Friday afternoon day after the stock market was manipulated like crazy

I may be way off base here , but unless you have a 300 pip draw down I would think that come Monday you will get out at break even and maybe even in profit

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Blogging daily now at www.volume.zone
  • #175,836
  • May 8, 2009 8:38pm May 8, 2009 8:38pm
Quoting Obaidah
hey bro! i have a question ... isnt true that if a high volume down bar followed by narrow down bar OR up bar then we have accumelation and not distribution?

high volume down bars = sellers , then pros stop selling and wait. If price moves alittle higher we see selling again , they will do it in spurts
Blogging daily now at www.volume.zone
  • #175,837
  • May 8, 2009 8:49pm May 8, 2009 8:49pm
Quoting malcolmb14
high volume down bars = sellers , then pros stop selling and wait. If price moves alittle higher we see selling again , they will do it in spurts
each time i think i got it right you jump in with a chart that make me realize there's ALOT to learn ... i've found that examples are the best way to go through this and i wonder if you're able to post a chart (the pair doesnt matter) every day or so before tokyo open if you have enough time and with some comments on it.

thanks :>
I recommend you read something else as this sentence is now concluded.
  • #175,838
  • May 8, 2009 8:54pm May 8, 2009 8:54pm
Quoting malcolmb14
daily R is at 1.3740 , we have a lareg up candle today , to wide

in past when eu has had this we get reatrce , maybe after a 75 pip or 100 pip ' upthrust' 600 pips on one and 700 on another

see 1st chart

2nd chart 4 hour .... the move up was on only just average volume seems odd. A move like that you
would have though would have shown higher volume

3rd chart 60 min ... interesting there were sellers at 1.35600 .. lots of them then the up move wqas on low volume

why do I smell something funny going on ? on Friday afternoon day after the...

Malcolmb, Thankyou so much for spending time on my stupid trade.. thought my weekend is spoiled..but you comments really helped..My draw down is not 300 pips.. its about 100pips. but I have counter trades(hedged) multiple lots though..if it does come back half way iam Ok..on low volume this spike...did not make sense to me at all.. hope sunday/ MONDAY ..I recover...if not stops are in place..

once again really appreciated your help..I will be watching this thing like a hawk.
Markets are not Random, they are designed!
  • #175,839
  • May 8, 2009 9:01pm May 8, 2009 9:01pm
Here is my POV..For the past several weeks the PA tested the 150.00 resistance zone several times.. Based on my charts, I still see overall direction as bullish..

Now I have been buying on the dips from 141.00 area..I am a swing trader so I look at the big picture where this beast is heading..I see many posters talk alot about VSA which I am not an user.. All this talk about volume on a friday doesn't mean nothing to me IMHO..At the end of the day on fridays volume most of the time is low, so all this PA is BS..

For all the swing traders, risk aversion is back in demand...Indicators are all lagging... Follow the overall trend...Keep it simple..I don't spend all day trying to figure out the direction on lower TF...Look at the higher TF. Unless you are an intra-day trader or scalper IMHO VSA is good for short term trading..

I prefer swing trading over scalping ..I have more time to do other things besides fighting on this board trying to prove who is the better trader..

Trend is your friend..

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  • #175,840
  • May 8, 2009 9:50pm May 8, 2009 9:50pm
Quoting rgitt05
Here is my POV..For the past several weeks the PA tested the 150.00 resistance zone several times.. Based on my charts, I still see overall direction as bullish..

Now I have been buying on the dips from 141.00 area..I am a swing trader so I look at the big picture where this beast is heading..I see many posters talk alot about VSA which I am not an user.. All this talk about volume on a friday doesn't mean nothing to me IMHO..At the end of the day on fridays volume most of the time is low, so all this PA is BS..

For all the swing traders, risk...
great analysis bro

keep up the good work, surely volume shit is for scalpers.
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