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

  • #176,781
  • May 12, 2009 8:34pm May 12, 2009 8:34pm
here is my chart looking for break of neck line...
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Price does what price wants , I just need to be prepared.
  • #176,782
  • May 12, 2009 8:51pm May 12, 2009 8:51pm
Quoting malcolmb14
forex lion does not know that one indicator ( the aqua line mystery forexlion indicator) will not help you understand volume.

I could say several things about the chart right now on all different time frames .

One of them is I doubt this is is going up any time soon.
looks like on balance volume to me
Price does what price wants , I just need to be prepared.
  • #176,783
  • May 12, 2009 8:58pm May 12, 2009 8:58pm
I guess I'm either patient or unlucky... I've been waiting for 148.10 all day... I drew these lines during US Session --the orange ones are previous horizontal H1/H4 S/R lines. I thought it interesting this is where most of the todays price action is/was and frankly I'm bored of scalping 5 pips high and low of this channel (spread's kinda high w/ this broker)...

I spend way too much time reading this thread...

Anyway-- I posted with a chart... I'm looking for price to move to 148.10-- retrace bit then continue up to 148.80ish (GOLD) on my chart-- then price to continue back down...

I'm very new to this-- and still learning-- But I do know this...

Hope isn't a strategy...
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  • #176,784
  • May 12, 2009 9:14pm May 12, 2009 9:14pm
Am looking my H4 currently and here is my view :-

For north 23.6% @147.80- need to break for 50%-61.8% target of 148.60-149.11

Closing another long and left 5 lot from 146.7X-147.6X
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  • #176,785
  • May 12, 2009 9:22pm May 12, 2009 9:22pm
Quoting forexlion
alrighty the bears will get axed rather badly.

if 146.72 support holds like it has been doing

we go for a break out for 148.82

time for the bears to say their prayers

i will however wait for a proper confirmation to long first, and now is not the time for that.
Look like am agreed with you on this...let look how she wanna move in London session
  • #176,786
  • May 12, 2009 9:41pm May 12, 2009 9:41pm
Quoting grashid
Look like am agreed with you on this...let look how she wanna move in London session

London will push it down
  • #176,787
  • May 12, 2009 9:50pm May 12, 2009 9:50pm
Quoting grashid
Look like am agreed with you on this...let look how she wanna move in London session
i went long @ the start of the current 4 hour candle for 148 exit, where i expect it to bounce back down

148.07 is where the current 4 hour t3ma is, so that should bounce it back down.
  • #176,788
  • May 12, 2009 9:52pm May 12, 2009 9:52pm
Quoting PJkiller
looks like on balance volume to me
use your brain if there is any, OBV is totally different concept.

use ctrl+L to get the volumes on chart, then compare the indi with it.
  • #176,789
  • May 12, 2009 9:53pm May 12, 2009 9:53pm
Quoting LuckyRoost
I guess I'm either patient or unlucky... I've been waiting for 148.10 all day......
well though out plan ....
Blogging daily now at www.volume.zone
  • #176,790
  • May 12, 2009 10:04pm May 12, 2009 10:04pm
anybody know whats driving this strange rally in the nikkei?
  • #176,791
  • May 12, 2009 10:12pm May 12, 2009 10:12pm
Quoting Eulogy
anybody know whats driving this strange rally in the nikkei?
NEWS - Nikkei Exclusive

 

  1. Mitsui O.S.K. Turning Vietnam Port Into Container Hub

  1. M'bishi Electric To Enter Small-Satellite Business

  1. Panasonic Inks Deal For SMFG To Retain Stake In Sanyo

  1. Nishimatsu Const Boss Stepping Down Over Funds Scandal

  1. Nissan's Plan To Make March In Thailand Part Of Strategic Offensive

  • #176,792
  • May 12, 2009 10:12pm May 12, 2009 10:12pm
Looks like deja vu all over again. Sometimes it's just too easy. A close above 147.60 and we'll see 148.80 again. GJ is rangebound. Trade the range. Don't anticipate a breakout.
  • #176,793
  • May 12, 2009 10:16pm May 12, 2009 10:16pm
Quoting Eulogy
anybody know whats driving this strange rally in the nikkei?
May 13 (Bloomberg) -- Asian stocks rose, resuming a two- month rally, as forecasts from Olympus Corp. and Nissan Motor Co. boosted confidence corporate earnings are recovering from the global recession.

cameras and cars

two of the sectors least likely to survive are driving up futures

do the PPT work at night ? in low volume times
Blogging daily now at www.volume.zone
  • #176,794
  • May 12, 2009 10:24pm May 12, 2009 10:24pm
Quoting forexlion
i went long @ the start of the current 4 hour candle for 148 exit, where i expect it to bounce back down

148.07 is where the current 4 hour t3ma is, so that should bounce it back down.
and i got my 80 pips here

hmmm, what was i thinking ?? i forgot

oh yes, we might bounce back down from around here, lets see.
  • #176,795
  • May 12, 2009 10:29pm May 12, 2009 10:29pm
80 tit 4 hour candle, resistance reached.

on low volume that is
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  • #176,796
  • May 12, 2009 10:38pm May 12, 2009 10:38pm
Quoting PandoraBox
London will push it down
..am looking for short atm as all 148 long close with nicely green lol..
  • #176,797
  • May 12, 2009 10:38pm May 12, 2009 10:38pm
ok i am off to play my gta vice city, there is nothing more for me here till london open.
  • #176,798
  • May 12, 2009 10:39pm May 12, 2009 10:39pm
Quoting grashid
..am looking for short atm as all 148 long close with nicely green lol..
good job bro, you are really trading well, i appreciate it.
  • #176,799
  • May 12, 2009 10:45pm May 12, 2009 10:45pm
Quoting forexlion
good job bro, you are really trading well, i appreciate it.
Thanks mate..congrat to you too as I believe you also long in NY right...ok let see how she wanna play in this London...

See you in a few hr ya...
  • #176,800
  • Edited 11:24pm May 12, 2009 11:01pm | Edited 11:24pm
This is what I saw..

Seem bouncing between 23.6%-38.2% in daily fib and we may look at H4 23.6% @ 147.40 for retracement where is the area is good for long..unles she break then south she go..


But she have possibily of H4 gann to flip ~ 148.50 area to be bull strong....if London hold above 147.50 and break 23.6% daily fib

Un decision atm..

Am looking to buy stop @ 147.40 with tight SL=146.90
and sell limit @ 148 with Sl=148.50
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