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

  • #178,721
  • May 21, 2009 8:22pm May 21, 2009 8:22pm
Quoting A-speculator
Better be careful my friend, I saw head & shoulder in weekly..
Don't worry bro,am +45pips already locked in +10..that's enough to pay my internet bill for the rest of the year,and perhaps some extra buzz...i think she will tank down more,coz this 94.30level is holding well.we might have some dustribution about that level...Gnita all see you at london session,,
Imanuel Parsifal
  • #178,722
  • May 21, 2009 8:31pm May 21, 2009 8:31pm
Quoting malcolmb14
I see that now

now think about what this volume really means

If all of that volume was buyers would the difference between open and close not have been higher ?

today was the HIGHEST VOLUME day since March .

this could be a buying climax , lets see what tomorrow brings.
taught it's worth mentioning again...BOE on one side BOJ on the other...clash of the titans....massive buying and selling resulting to zero demand....
Imanuel Parsifal
  • #178,723
  • May 21, 2009 8:33pm May 21, 2009 8:33pm
Quoting sycho
Don't worry bro,am +45pips already locked in +10..that's enough to pay my internet bill for the rest of the year,and perhaps some extra buzz...i think she will tank down more,coz this 94.30level is holding well.we might have some dustribution about that level...Gnita all see you at london session,,
I agree with you Mates this baby going straight to hell 129. i think like the sycho bro
  • #178,724
  • May 21, 2009 8:34pm May 21, 2009 8:34pm
i think we will see 147.50 again, i may go short, be ware of the base!! they love play games!!
Making money not by predicting just by following ...
  • #178,725
  • May 21, 2009 8:42pm May 21, 2009 8:42pm
Quoting sycho
i know i use volume differently,based on the fact that i look to longer time trade,here is a long term entry i see on u/j...just a few pips off 100%fibs,which it took a bounce from a few hrs ago it shows buyers buying from that level and that made me to long upwrads target in mind,now we are about re-testing that level on the hrly..and with bullish nars already on the rise am looking at a better buy off this time...chart speaks better.....
yes buy U/J sell G/J & buy G/U that is what im seing from all the pros in this forum. I think I will do all three & I cant go wrong. Lucky for a newbie like me to find this forum.
  • #178,726
  • May 21, 2009 8:48pm May 21, 2009 8:48pm
Quoting lexazver
why weakness? wouldnt it discount price for buyers and give another chance to buy lower while everyone else is panicking and selling at the bottom

It was a sign of weakness that they were willing to sell it on the news , but often news is used to manipulate price.

The fact that the down move was bought it shows there may still be some interest by the buyers.

However the up move was on low volume , so if the buyers were really that interested would they not be rushing in and would the volumes not show more buying interest ?

now we have to wait and see what happens in London when the volume picks up

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY3MIN138.png Size: 168 KB
Blogging daily now at www.volume.zone
  • #178,727
  • May 21, 2009 8:48pm May 21, 2009 8:48pm
Quoting A-speculator
This is what I saw for UJ
Great Head & Shoulders bro this looks like its going down to China Town 90 next stop. Good EYE at the plate so we can all eat some pips
  • #178,728
  • May 21, 2009 8:51pm May 21, 2009 8:51pm
justb/4 i go to bed..one nice BS...i see g/u tanking to 1.4391...yes!!!ohh!!yes!!..don't ask for chart,i aint got one,don't ask me for reason,none..except that i use astrology...Ask Orion..he would tell you the same,my greekeagle buuuuddyyy too..goodnight all..guess my Ego is filled now..
Imanuel Parsifal
  • #178,729
  • May 21, 2009 8:51pm May 21, 2009 8:51pm
GJ
Attached Image (click to enlarge)
Click to Enlarge Name: 9.jpg Size: 204 KB
  • #178,730
  • May 21, 2009 8:51pm May 21, 2009 8:51pm
Quoting IlluminatiFX
yes buy U/J sell G/J & buy G/U that is what im seing from all the pros in this forum. I think I will do all three & I cant go wrong. Lucky for a newbie like me to find this forum.
Personally, I will recommend every newbie to trade EU as it's not as volatile as pound and yen pairs. Try to trade with demo first and try to achieve 3 consecutive profit every month.
  • #178,731
  • May 21, 2009 8:53pm May 21, 2009 8:53pm
Orion

can you please verify what i see here if you have dollar index chart ...This looks like massive selling climax on dollar index daily

gu and eu longs watch out if this is volume and daily candle pattern on DX is correct

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Blogging daily now at www.volume.zone
  • #178,732
  • May 21, 2009 8:54pm May 21, 2009 8:54pm
Quoting malcolmb14
It was a sign of weakness that they were willing to sell it on the news , but often news is used to manipulate price.

The fact that the down move was bought it shows there may still be some interest by the buyers.

However the up move was on low volume , so if the buyers were really that interested would they not be rushing in and would the volumes not show more buying interest ?

now we have to wait and see what happens in London when the volume picks up

Attachment
malcomb bro i see you are pretty goud but i read earlier you see 145 next week. my pockets cant trade for next week is there any way you can give me some advice for today & tomorrow. me & my wife have been looking into forex for about a year now & we put 10k into an account at tradestaion & they just sent us our password & id, but we want to make our first trade a winner. very excited i dont think we will sleep till saturday.
  • #178,733
  • May 21, 2009 8:54pm May 21, 2009 8:54pm
Quoting A-speculator
Personally, I will recommend every newbie to trade EU as it's not as volatile as pound and yen pairs. Try to trade with demo first and try to achieve 3 consecutive profit every month.
Illuminiatifx is the MAD GREEK in disguise

lol......funny
Blogging daily now at www.volume.zone
  • #178,734
  • May 21, 2009 8:56pm May 21, 2009 8:56pm
Quoting IlluminatiFX
malcomb bro i see you are pretty goud but i read earlier you see 145 next week. my pockets cant trade for next week is there any way you can give me some advice for today & tomorrow. me & my wife have been looking into forex for about a year now & we put 10k into an account at tradestaion & they just sent us our password & id, but we want to make our first trade a winner. very excited i dont think we will sleep till saturday.

no 155 or is it 160 1st ? not sure .... some really good trader in California with 12 screens and a 10 k computer said 160 or was it 170 ? I do not know ... he has 12 screens and a 10 k computer he must be a great trader !!! lol
Blogging daily now at www.volume.zone
  • #178,735
  • May 21, 2009 8:58pm May 21, 2009 8:58pm
Quoting IlluminatiFX
malcomb bro i see you are pretty goud but i read earlier you see 145 next week. my pockets cant trade for next week is there any way you can give me some advice for today & tomorrow. me & my wife have been looking into forex for about a year now & we put 10k into an account at tradestaion & they just sent us our password & id, but we want to make our first trade a winner. very excited i dont think we will sleep till saturday.
bro,if you don't watch it,i don't think you will sleep at all..one week watch night.will you guyz let me sleep..
Imanuel Parsifal
  • #178,736
  • May 21, 2009 8:59pm May 21, 2009 8:59pm
Quoting malcolmb14
Illuminiatifx is the MAD GREEK in disguise

lol......funny
Is that true? Well, if you wanna play, please find other forum coz you might distract people who really want to learn. Thank you.
  • #178,737
  • May 21, 2009 9:01pm May 21, 2009 9:01pm
Quoting A-speculator
Personally, I will recommend every newbie to trade EU as it's not as volatile as pound and yen pairs. Try to trade with demo first and try to achieve 3 consecutive profit every month.
some one told me the slowest mover was U/J & that it also trend good. but i see what you mean. we have been pretty goud at demo but every one tells us the real deel is much to difrant. is that true. our demo we do about 7 trades a month & is up from 10k to 25,477.28 in six months but we are hesitant to trade like you guys. we only trade when we think it is a super duper trade entry. we are not goud enough to trade evey day. every thing has to be in place for us to do the pull the trigger thing
  • #178,738
  • May 21, 2009 9:05pm May 21, 2009 9:05pm
Quoting IlluminatiFX
some one told me the slowest mover was U/J & that it also trend good. but i see what you mean. we have been pretty goud at demo but every one tells us the real deel is much to difrant. is that true. our demo we do about 7 trades a month & is up from 10k to 25,477.28 in six months but we are hesitant to trade like you guys. we only trade when we think it is a super duper trade entry. we are not goud enough to trade evey day. every thing has to be in place for us to do the pull the trigger thing
Please don't start with me, will you.. Ok, I acknowledge you are a better trader and no one here can challenge you in any way. Does that make you happy?
  • #178,739
  • May 21, 2009 9:11pm May 21, 2009 9:11pm
Quoting IlluminatiFX
some one told me the slowest mover was U/J & that it also trend good. but i see what you mean. we have been pretty goud at demo but every one tells us the real deel is much to difrant. is that true. our demo we do about 7 trades a month & is up from 10k to 25,477.28 in six months but we are hesitant to trade like you guys. we only trade when we think it is a super duper trade entry. we are not goud enough to trade evey day. every thing has to be in place for us to do the pull the trigger thing
Demo is a solid basis for trading until you have your trading method confirmed and you feel comfortable trading that manner at all times. However Demo will always have the emotional trading aspects as a limitation because at the end of the day you have little trouble with losses and gains because there is the ability to just reboot a blown account. The only way you will discover truely how successful you and your trading method are is on a live account.

Now does this mean that you have to go from a demo to a 10K live account and trade full contracts. Absolutly not. There are stacks of brokers and platforms that offer lower or high leverage, full, mini or micro lots and varying starting capitals.

At the end of the day I trade with Oanda at 50:1 leverage on a micro account with a small allocation of funds. I hate there platform as it is plain, difficult and doesnt allow enough changes, so therefore I use the charting software of GFT Dealbook for all my analysis and enter my trades through Oanda. It works well enough and in the process I am learning far more about my method and keeping some emotions at bay while on an account that is small and insignificant. In the end if I can get good results through this then I may head to higher grounds.

There is no need to trade massive capital, especially in your developing stages, but you need to understand that demo is great for methodolgy improvements and to unify yourself with your trading style. Live is the only option to really test yourself.

Take care

BTW very nice results on your demo account
  • #178,740
  • May 21, 2009 9:14pm May 21, 2009 9:14pm
Quoting Razor_trader
Demo is a solid basis for trading until you have your trading method confirmed and you feel comfortable trading that manner at all times. However Demo will always have the emotional trading aspects as a limitation because at the end of the day you have little trouble with losses and gains because there is the ability to just reboot a blown account. The only way you will discover truely how successful you and your trading method are is on a live account.

Now does this mean that you have to go from a demo to a 10K live account and trade full contracts....
Well said bro..
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