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

  • #180,541
  • Jun 2, 2009 5:56pm Jun 2, 2009 5:56pm
Short gbpjpy now and buy revers up to 16540
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  • #180,542
  • Jun 2, 2009 6:07pm Jun 2, 2009 6:07pm
nice chatrs my dear welcome to the bear side


EJ once it close below 136.50 in 1 hour chart it will start going down

after it forms double top on daily and reversal candle on daily nothing will stop it until 133 i assume.
  • #180,543
  • Jun 2, 2009 6:16pm Jun 2, 2009 6:16pm
Quoting msniper
alright guys , for me no more interest in buying GJ and its time to catch a top to short with very rewarding targets

my reasons here

and if any one agree that its time to short feel free to comment please

i am looking at GJ bearish harmonic and monthly gann resistance + Doji candle on daily

and connecting it to US index which is going to bounce for sure with bullish harmonic and i assume it already finshed 5 waves down with possible to to make down trend channel
From my volume I was wondering who the other player was ...lol...I shorted at 158.70 based decending triangle on both E/J and G/J -- They have moved in parallel pretty much most of the day. Price stall 158.38-- resistance on one of my other charts --we're gonna need to rally up some more sellers to break through...

Decending triangle inside an ascending triangle---Before news even I calculated a TP of 158.09 based on the fibs break out rule...(I guess we'll find out)... Looking for a price stall at news time--- new long up to 159.35 for a small short .

Glad to see someone uses the COG.. I have it but it didn't suit me...
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  • #180,544
  • Jun 2, 2009 6:33pm Jun 2, 2009 6:33pm
every one is sleeping they gonna miss the bear party
  • #180,545
  • Jun 2, 2009 6:38pm Jun 2, 2009 6:38pm
Quoting msniper
every one is sleeping they gonna miss the bear party
It's on zero volume--We need another seller...
  • #180,546
  • Jun 2, 2009 6:41pm Jun 2, 2009 6:41pm
Quoting LuckyRoost
It's on zero volume--We need another seller...
here is some volumes for u
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  • #180,547
  • Jun 2, 2009 6:45pm Jun 2, 2009 6:45pm
Quoting LuckyRoost
It's on zero volume--We need another seller...
I didnt expect the breakout before Tokyo open... I got in late so I've only contributed a mini to your zero volume
  • #180,548
  • Jun 2, 2009 6:48pm Jun 2, 2009 6:48pm
Quoting malcolmb14
true. I think that getting up and trading early in the morning does not suit me. I seem to be ok when brain is in gear . GJ nice range today seems to be in downward channel for now.

as long as 158.70 holds we should move down to VWAP (brown line and bottom channel) at 157.80

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I did not ... posted that earlier . Hope others took note before trade happened , there was even a 2nd chance to get in as price tested top of channel
Blogging daily now at www.volume.zone
  • #180,549
  • Jun 2, 2009 6:51pm Jun 2, 2009 6:51pm
Malcomb,
I used to get up and trade London,it took a toll on my health I can't do it. I liked the PA in the London session though.
  • #180,550
  • Jun 2, 2009 6:57pm Jun 2, 2009 6:57pm
Quoting fxgrnwise
Malcomb,
I used to get up and trade London,it took a toll on my health I can't do it. I liked the PA in the London session though.

I noticed that 4 am pst to 7 am pst is a little crazy these days ... but once the US market gets rocking GJ has been not bad .. today it went into nice little 100 pip wide downward channel

I only took 1 trade off 158.65
Blogging daily now at www.volume.zone
  • #180,551
  • Jun 2, 2009 6:57pm Jun 2, 2009 6:57pm
Quoting malcolmb14
I did not ... posted that earlier . Hope others took note before trade happened , there was even a 2nd chance to get in as price tested top of channel
A dumb volume question but why target VWAP... It acts as a strong support?
  • #180,552
  • Jun 2, 2009 7:10pm Jun 2, 2009 7:10pm
Quoting nonchalant
A dumb volume question but why target VWAP... It acts as a strong support?

it is volume weighted average price .... it acts as magnet for price , like a 50 sma does , eventually price has to come back to it , or it has to catch up with price.

http://en.wikipedia.org/wiki/VWAP

right now it is sitting at 157.90

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Blogging daily now at www.volume.zone
  • #180,553
  • Jun 2, 2009 7:14pm Jun 2, 2009 7:14pm
Yes coming into the NY session has been pretty good lately,don't feel like I'm missing anything
  • #180,554
  • Jun 2, 2009 8:18pm Jun 2, 2009 8:18pm
Quoting malcolmb14
it is volume weighted average price .... it acts as magnet for price , like a 50 sma does , eventually price has to come back to it , or it has to catch up with price.

http://en.wikipedia.org/wiki/VWAP

right now it is sitting at 157.90

Attachment
if im not mistaken, isnt the marked bar on the chart below is a test on low volume? if so then what's happening? shaking out shorts?
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I recommend you read something else as this sentence is now concluded.
  • #180,555
  • Jun 2, 2009 8:35pm Jun 2, 2009 8:35pm
Quoting Andrew Vu
I wish one day I will play like you. Darn, right now I could even build up my small account. To be the professional level, it is not easy road, it will be bumpy and slippery:-) Hopefully my butt will handle those falls. I may need those extra cushings to my butt to survive:-).

Greenpips and play safe, bro.
Try deposit USD 50 in ur mini acc and developing it by using ur system. Use MM and train ur mental...

I did send my mini acc statement to one of our mate here...loss in a day...then recover in the next ...am alyways play this if if found my self a bit down and do not know where to go....am transfering from my std acc to this mini and always doing this at least once/week....this is how am trained my mental..maybe u can try it..
  • #180,556
  • Jun 2, 2009 8:41pm Jun 2, 2009 8:41pm
Quoting donfriday
Good that u are coming back on track...forex will always give and take know matter how smart u can be but u are the head u will never be the tail..
i also have 2 position on gj long lock profit my tp is 55ema on weekly chart ...if break i will target 14sma on monthly chart...
i can be wrong but gu just kiss 14sma on monthly chart so it chouls retrace tomorrow then continue bullish ......NFP week...
ya...only god know everythings...but becarefull when look at Daily..seem resistance is forming at UTL area where tanking possible this week..maybe today NY-NFP session will show some pattern....see how London open..am taking a few small short atm....
  • #180,557
  • Jun 2, 2009 10:09pm Jun 2, 2009 10:09pm
Quoting Obaidah
if im not mistaken, isnt the marked bar on the chart below is a test on low volume? if so then what's happening? shaking out shorts?

yes and no

it was shaking out the weak longs
Blogging daily now at www.volume.zone
  • #180,558
  • Edited 10:34pm Jun 2, 2009 10:33pm | Edited 10:34pm
According to Wyckoff, I believe there was a "jump across the river" then the point you are talking about is the "Backup to the river". It was a low volume test of the validity of that resistance level. Which then becomes support.

Quoting Obaidah
if im not mistaken, isnt the marked bar on the chart below is a test on low volume? if so then what's happening? shaking out shorts?
  • #180,559
  • Jun 2, 2009 11:28pm Jun 2, 2009 11:28pm
If GJ breaks 159.23 with a 1 hour candle close above it ................I will try to talk to her
  • #180,560
  • Jun 2, 2009 11:49pm Jun 2, 2009 11:49pm
Quoting forexlion
If GJ breaks 159.23 with a 1 hour candle close above it ................I will try to talk to her
A trully useful post that adds so much value to this thread.
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