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

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

#176,821
May 13, 2009 3:04am May 13, 2009 3:04am

sycho
Joined Sep 2007 | Status: Senior Member | 2,939 Posts

Quoting dvdsurplus

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Hello Sycho

Ignored

hmm new hrly bar open..is that a confirmed bear...damn am taking this one

Imanuel Parsifal

#176,822
May 13, 2009 3:08am May 13, 2009 3:08am

sycho
Joined Sep 2007 | Status: Senior Member | 2,939 Posts

Quoting sycho

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G!Mornin all...a little observation
for the 1st time checking at my volume bear's seems to have taken over this region we are in now 147.66(daily pivot) and if our daily pivot become our new maximum,then we headed for more deep.bears seem to have both magnitude and direction here,so for every toch of the daily pivot am shorting her down..10pips locked in..just my take,but i think we see 145-143 2day...

Ignored

thats just about the quickest 100pips have taken in 2wks...lol..

Imanuel Parsifal

#176,823
May 13, 2009 3:22am May 13, 2009 3:22am

censura
| Joined Sep 2006 | Status: Trader | 405 Posts

Hi all, hope someone can help me with this.

Am i right that the tick volume shows the number of buy/sell orders but not the quantity of the order ie 1 lot or a 100 lot buy order at a price are given the same value on the volume indicator. I as as i am trying to work out the cycles of acc /markup /dist/mark down and on what i have read the strength of any move is proportional to the build up of acc / dist

I have attached a charch GBP/USD and indicated a possible area of weakness (distribution) which i understand is charecterised by frequent up thrusts, no progress on increased volume , tests, no demand

any comments would be appritiated

Attached Image

#176,824
May 13, 2009 3:38am May 13, 2009 3:38am

forexlion
| Additional Username | Joined Sep 2009 | 8,623 Posts

Quoting forexlion

Disliked

now this is interesting

daily down

4 hour down

1 hour down

but, i am still not convinced

146.33 must break first

Ignored

alright, now 1 hour is bullish and daily just turned into the no no zone

#176,825
May 13, 2009 3:43am May 13, 2009 3:43am

Galatasaray
| Joined Apr 2009 | Status: Soros got nothing on me | 235 Posts

guys i don't know if you are using the MURREY lines but combining with other techniques, murrey lines are very useful.
Here is my murrey line 4H chart for gbpjpy. Unless i can see that the pair closes right below 146.88 which is the 7/8 line, i am not shorting.
Just prior to the last bar there were 4 occasions that the 4H chart passed below 146.88 but my other indicators did not give me short signals so i did not enter short.
146.88 is a ver important support now. If in 20 minutes my new 4H chart opens below it, than i might short.

I can't see myself entering short but i might long if the pair rises a bit more or short if closes below 146.88

Attached Image (click to enlarge)

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Name: gbpjpym.gif
Size: 26 KB

#176,826
May 13, 2009 3:55am May 13, 2009 3:55am

sycho
Joined Sep 2007 | Status: Senior Member | 2,939 Posts

Quoting dvdsurplus

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Hello Sycho

Ignored

hey! bro,how is trading going with you this week...am cool,off to school now...

Imanuel Parsifal

#176,827
May 13, 2009 3:56am May 13, 2009 3:56am

ukdaytrader
Joined Dec 2008 | Status: Trader | 2,753 Posts

Quoting Galatasaray

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guys i don't know if you are using the MURREY lines but combining with other techniques, murrey lines are very useful.
Here is my murrey line 4H chart for gbpjpy. Unless i can see that the pair closes right below 146.88 which is the 7/8 line, i am not shorting.
Just prior to the last bar there were 4 occasions that the 4H chart passed below 146.88 but my other indicators did not give me short signals so i did not enter short.
146.88 is a ver important support now. If in 20 minutes my new 4H chart opens below it, than i might short.

I can't see...

Ignored

I'm no MM officianado, but do you mean the 6/8 line?

#176,828
May 13, 2009 4:04am May 13, 2009 4:04am

Galatasaray
| Joined Apr 2009 | Status: Soros got nothing on me | 235 Posts

Quoting ukdaytrader

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I'm no MM officianado, but do you mean the 6/8 line?

Ignored

well my 7/8 line is located at 146.88... i am expecting the pair to close below it to enter short and in the long term 6/8 MURREY line which is located at 143.75 will be my target. Though for now i doubt the pair will fall to that level.

#176,829
May 13, 2009 4:11am May 13, 2009 4:11am

shiva
Joined Aug 2007 | Status: Doing It In Dubai | 2,457 Posts

Hi Galatasaray, can you attach your murrey line indicator here, I have one, but it does not show the entry and exit signals like your chart.

Quoting Galatasaray

Disliked

well my 7/8 line is located at 146.88... i am expecting the pair to close below it to enter short and in the long term 6/8 MURREY line which is located at 143.75 will be my target. Though for now i doubt the pair will fall to that level.

Ignored

#176,830
May 13, 2009 4:19am May 13, 2009 4:19am

forexlion
| Additional Username | Joined Sep 2009 | 8,623 Posts

Quoting forexlion

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alright, now 1 hour is bullish and daily just turned into the no no zone

Ignored

ok the bounce level now is 147.87, this is the max upper, lets see

#176,831
May 13, 2009 4:20am May 13, 2009 4:20am

Galatasaray
| Joined Apr 2009 | Status: Soros got nothing on me | 235 Posts

Quoting shiva

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Hi Galatasaray, can you attach your murrey line indicator here, I have one, but it does not show the entry and exit signals like your chart.

Ignored

sure i can, but those entry and exit signals are bunch of crap. I would not pay attention to them. I just use the murrely line levels thats all.

Attached File(s)

MurreyMath1.0.ex4 15 KB | 233 downloads

MurreyMath1.0.mq4 15 KB | 256 downloads

#176,832
May 13, 2009 4:20am May 13, 2009 4:20am

musicman007
| Joined Jul 2006 | Status: Trader | 532 Posts

Looking back acoss the 4hr charts the 147.60 /70 has acted as good support and resistance.

IMHO unless we clear 146.50 to the south and 148 to the north we are ranging between for now.

#176,833
May 13, 2009 4:22am May 13, 2009 4:22am

Galatasaray
| Joined Apr 2009 | Status: Soros got nothing on me | 235 Posts

Quoting forexlion

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ok the bounce level now is 147.87, this is the max upper, lets see

Ignored

i would also say 147.60-65 region is a toughie...
İ got all sorts of EMAs right around there. One of the reasons that i will never long the pair at the moment.

Attached Image (click to enlarge)

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Name: gbpjpyh.gif
Size: 22 KB

#176,834
May 13, 2009 4:23am May 13, 2009 4:23am

shiva
Joined Aug 2007 | Status: Doing It In Dubai | 2,457 Posts

Quoting Galatasaray

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sure i can, but those entry and exit signals are bunch of crap. I would not pay attention to them. I just use the murrely line levels thats all.

Ignored

Thanks Galatasaray!

#176,835
May 13, 2009 4:26am May 13, 2009 4:26am

Galatasaray
| Joined Apr 2009 | Status: Soros got nothing on me | 235 Posts

Quoting shiva

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Thanks Galatasaray!

Ignored

anytime mate.

#176,836
May 13, 2009 4:27am May 13, 2009 4:27am

Petefaders
| Commercial User | Joined Mar 2008 | 1,651 Posts

4hr is ugggly...Look at the last 4 candles, they closed in a 10 pip range after wild swings. I'm playing small bounces for scalps, not breakouts. Calender...some dude speaks in 4 mins.