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

  • #175,981
  • May 10, 2009 11:13am May 10, 2009 11:13am
wow the sentiment has changed really, we see many bears now compared to friday for example.I am still a bull, where are ya ma buddies
  • #175,982
  • May 10, 2009 11:16am May 10, 2009 11:16am
Quoting sid7121
wow the sentiment has changed really, we see many bears now compared to friday for example.I am still a bull, where are ya ma buddies
cue crickets ..just kidding bro.
  • #175,983
  • May 10, 2009 11:21am May 10, 2009 11:21am
Quoting malcolmb14
If gap down is bought then the pros are still willing to buy at a lower cost. However if we gap down and do not get any buying interest then obviously the distribution I mentioned on Friday off an 8 hour chart is correct and down we go into 140 ish zone. The daily symmetry of 1000 down 1500 up will be broken . This in itself will be massive as this symmetry has been in place for 3 months now.
Bro there is know way they will buy GJ at 150, even me with my cent i will never buy GJ from here so it is better they Gap it down so that we can buy, for me to sell i wait for a break of 145 before i can sell cus i see gj goingd 155 ...Next month will be brotta for gj cus i will be selling dip..
MY OPINION NOT FINANCIAL ADVISE
  • #175,984
  • May 10, 2009 11:23am May 10, 2009 11:23am
Quoting malcolmb14
If gap down is bought then the pros are still willing to buy at a lower cost. However if we gap down and do not get any buying interest then obviously the distribution I mentioned on Friday off an 8 hour chart is correct and down we go into 140 ish zone. The daily symmetry of 1000 down 1500 up will be broken . This in itself will be massive as this symmetry has been in place for 3 months now.
did u buy the tradeguider system?
MY OPINION NOT FINANCIAL ADVISE
  • #175,985
  • May 10, 2009 11:34am May 10, 2009 11:34am
Quoting sid7121
wow the sentiment has changed really, we see many bears now compared to friday for example.I am still a bull, where are ya ma buddies

what i saw statements like the markets are ripping .. worst is behind us etc etc

I did not see many bears when i suggested distribution

forexlion is a bull into 180 ...says 140 will never be seen again lol
Blogging daily now at www.volume.zone
  • #175,986
  • May 10, 2009 11:36am May 10, 2009 11:36am
Quoting donfriday
did u buy the tradeguider system?

no I just use my eyes and brain . I read the master the markets book 20 time or more. then applied it to my charts. I use esignal GTIS feed -- 300 sources and very representative of market as a whole

tradeguider is awesome ... and the guys have done a great job , but you do not really need it to get good at vsa

If you have the 3 k to spend I would really recommend it
Blogging daily now at www.volume.zone
  • #175,987
  • May 10, 2009 11:40am May 10, 2009 11:40am
Quoting malcolmb14
no I just use my eyes and brain . I read the master the markets book 20 time or more. then applied it to my charts. I use esignal GTIS feed -- 300 sources and very representative of market as a whole

tradeguider is awesome ... and the guys have done a great job , but you do not really need it to get good at vsa

If you have the 3 k to spend I would really recommend it
is it possible to just use mt4 and the volume bars? or is it lacking something that makes a huge difference?

ive got that book, going to san fran/las vegas on 22nd so ill be reading it on my 11 hour flight (although i am yet to find a UK stockist where i can order the paper copy rather than a pdf)
  • #175,988
  • May 10, 2009 11:40am May 10, 2009 11:40am
Quoting donfriday
Bro there is know way they will buy GJ at 150, even me with my cent i will never buy GJ from here so it is better they Gap it down so that we can buy, for me to sell i wait for a break of 145 before i can sell cus i see gj goingd 155 ...Next month will be brotta for gj cus i will be selling dip..

I agree 100 % however the place to sell gj is not 145 ... it is 150.5 to 151.50 ,. we could not get to old pivot high yet , Max gj should go to is 153 if daily symmetry is to remain

If gj gaps lets see reaction ...... that will tell us very clearly what the pros intention is.

no offense to those that use indies, most of time they are lagging and sometime completely misleading, nothing like price action and reactions to actions to tell us very clearly what the pros intent is .
Blogging daily now at www.volume.zone
  • #175,989
  • May 10, 2009 11:48am May 10, 2009 11:48am
Quoting malcolmb14
no I just use my eyes and brain . I read the master the markets book 20 time or more. then applied it to my charts. I use esignal GTIS feed -- 300 sources and very representative of market as a whole

tradeguider is awesome ... and the guys have done a great job , but you do not really need it to get good at vsa

If you have the 3 k to spend I would really recommend it

I have the Book now and i have been reading, not bad and i have notice the secret so far..i have some volume bar on my chart now i should study it and learn more....
Thanks for ur advice.
MY OPINION NOT FINANCIAL ADVISE
  • #175,990
  • May 10, 2009 12:00pm May 10, 2009 12:00pm
Quoting ewokuk
is it possible to just use mt4 and the volume bars? or is it lacking something that makes a huge difference?

ive got that book, going to san fran/las vegas on 22nd so ill be reading it on my 11 hour flight (although i am yet to find a UK stockist where i can order the paper copy rather than a pdf)

Why dont u spend few money to buy printer and print out the book urself....if u have ur laptop u can also read in the plane ....
hmm maybe they will not allow u but some plane do...possible and easy for u to print it out the page is not much but very useful and progressive.
MY OPINION NOT FINANCIAL ADVISE
  • #175,991
  • May 10, 2009 12:04pm May 10, 2009 12:04pm
Hey Malc, what is your take from vsa pov on Aussie at the moment? I know its off topic but AUDUSD retraced substancially now from the fall and just wondering if volume suggests top of the retracement coming soon.
  • #175,992
  • May 10, 2009 12:06pm May 10, 2009 12:06pm
Quoting malcolmb14
I agree 100 % however the place to sell gj is not 145 ... it is 150.5 to 151.50 ,. we could not get to old pivot high yet , Max gj should go to is 153 if daily symmetry is to remain

If gj gaps lets see reaction ...... that will tell us very clearly what the pros intention is.

no offense to those that use indies, most of time they are lagging and sometime completely misleading, nothing like price action and reactions to actions to tell us very clearly what the pros intent is .
sorry i made mistake, a break of 146 will confirm 500 pips down which will send us back to bear zone, let us enjoy the ride so far ...i also thing tha daily candle is upthrust for real but i want to see a clear confirm break on 150....a friend of mine that trade with Law of chart on 1-2-3 method said gj is going 155 and even more, well i have know dought but there is a change in the market now but only when the brokers open in the next 4 hrs..
MY OPINION NOT FINANCIAL ADVISE
  • #175,993
  • May 10, 2009 12:21pm May 10, 2009 12:21pm
Quoting sid7121
wow the sentiment has changed really, we see many bears now compared to friday for example.I am still a bull, where are ya ma buddies
just draw your trendlines on weekly and daily to see that there may be some pullbacks needed to push higher, the daily trendline is around 141 at the moment. all week we have seen pullbacks of 100 pips and people were targeting 500 pips or so. sentiment in this thread is no market sentiment it is just humour sentiment of a few trying to predict the future couple of years from price moves of a couple of pips. there will always be pullbacks in uptrend and in downtrend. just trade your charts and take the rest as a grain of salt. enough said.
  • #175,994
  • May 10, 2009 12:29pm May 10, 2009 12:29pm
Quoting lexazver
Hey Malc, what is your take from vsa pov on Aussie at the moment? I know its off topic but AUDUSD retraced substancially now from the fall and just wondering if volume suggests top of the retracement coming soon.

8 hour suggest selling in the back ground. Friday was like gu and eu with wide spread upthrust like bars but on low volume. Seems like trap up move to me.

look for any signs of weakness. With action at around 7500 I see an end rising market should be close

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY3MIN110.png Size: 208 KB
Blogging daily now at www.volume.zone
  • #175,995
  • May 10, 2009 12:30pm May 10, 2009 12:30pm
As of now there is no gap, the website keep changing quotes, so imho it is reliable. Currently gj is at 149,95 and eu 1.3635 which is sweet if it opens like that.
  • #175,996
  • May 10, 2009 12:35pm May 10, 2009 12:35pm
Quoting forexlion
great analysis bro

keep up the good work, surely volume shit is for scalpers.
once again my buddy forexlion prove his true ignorance on how markets work

here is an 8 hour chart that clearly shows the pros intent on selling gj at 150 to 152 zone

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY3MIN111.png Size: 230 KB
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  • #175,997
  • May 10, 2009 1:00pm May 10, 2009 1:00pm
Funnily, I think a gap down or drop at the open would signify short term strength and a push up beyond 151.

But, it certainly looks like a short trade is building, so I can see a 200 pip fall, followed by the push to 152 area, then I would look for more serious distribution. It's no surprise this area is a tough nut to crack and selling is to be expected at previous resistance levels, but that does not mean we won't go higher when the smart money wants it to.
  • #175,998
  • May 10, 2009 1:02pm May 10, 2009 1:02pm
Quoting malcolmb14
once again my buddy forexlion prove his true ignorance on how markets work

here is an 8 hour chart that clearly shows the pros intent on selling gj at 150 to 152 zone

Attachment
lol, you gotta love this dispute. It is going down and i will be looking for a short set up after opening. BUT, this time imho cable is not going to fall below 1,5 or just can have a slight dip, fiber in my view not below 1,34. This is based pure on how cable plays at the round numbers like 1,4 or 1,5. Check it out how it was playing after the drop at 1,4..
  • #175,999
  • May 10, 2009 1:11pm May 10, 2009 1:11pm
http://i44.tinypic.com/dyam1x.jpg
  • #176,000
  • May 10, 2009 1:24pm May 10, 2009 1:24pm
Quoting Petefaders
http://i44.tinypic.com/dyam1x.jpg
Hmm nice chart but what are you trying to tell us? Kindly add a note and explain a little about this beutilful chart without profit.
MY OPINION NOT FINANCIAL ADVISE
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