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

  • #181,041
  • Jun 5, 2009 10:36am Jun 5, 2009 10:36am
Quoting rgitt05
I like this part from the article:

The 9.4 percent May unemployment rate is based on 14.5 million Americans out of work. But that number doesn't include discouraged workers, people who gave up looking for work after four weeks. Add those 792,000 people, and the unemployment rate is 9.8 percent.

_The official rate also doesn't include "marginally attached workers," or people who have looked for work in the past year but stopped searching in the past month because of barriers to employment such as child care, poor health...
Indeed. I'm looking for 1.5800/1.5700 on cable.
Patience + Humility + Study = Success
  • #181,042
  • Jun 5, 2009 10:57am Jun 5, 2009 10:57am
Quoting DutchTrader
Indeed. I'm looking for 1.5800/1.5700 on cable.
M15 look build some resistance @ 157.20/30 area..am trying to pick small short from here..am maybe wrong..but see what happen..

same goes to gu 1.6020/30..and Gold seem in developing up trend
  • #181,043
  • Jun 5, 2009 11:02am Jun 5, 2009 11:02am
Quoting grashid
M15 look build some resistance @ 157.20/30 area..am trying to pick small short from here..am maybe wrong..but see what happen..

same goes to gu 1.6020/30..and Gold seem in developing up trend
Last hourly close was 157.22, so there might not be a resistance in the 20's area, also I might be wrong
  • #181,044
  • Jun 5, 2009 11:04am Jun 5, 2009 11:04am
Quoting pino2
Last hourly close was 157.22, so there might not be a resistance in the 20's area, also I might be wrong
if that is the case let going to sleep...
  • #181,045
  • Jun 5, 2009 11:08am Jun 5, 2009 11:08am
Attached Image (click to enlarge)
Click to Enlarge Name: gbp v3.06dd.gif Size: 33 KB


Based on the volume of the last 3 candles compared to the candle of the big move up before the last three:

Is this lower volume bearish or does analysis this time of the day on a Friday become irrelevant?
  • #181,046
  • Jun 5, 2009 11:18am Jun 5, 2009 11:18am
158 plz....R1..damm..short..long..short..long.....= longkang

enough..see you guys..happy green pips to all...take care
  • #181,047
  • Jun 5, 2009 11:26am Jun 5, 2009 11:26am
based on simple patterns we have broken what seemed to be a bull flag.

The markets are really being played with right now. The NFP this morning was really the icing on the cake.

It seems that even thought Bernanke himself said US financial system is unstable and will not stablize unless they stop stimulus , OB is still annoucing yet another stimulus package this coming Monday . At the rate the US Government are going they are printing about 50 billion every other week

Bond yields are going up based on a confidence returning to the economy the news wires reported today .... YEAH RIGHT !!! more like inflation concerns .

Think the housing market is bad now ? wait till 10 % interet rates and how can companies that work off lines of credit make any money when their cost of borrowing is going to be high .... inflation is just around the corner
Blogging daily now at www.volume.zone
  • #181,048
  • Jun 5, 2009 11:29am Jun 5, 2009 11:29am
Quoting grashid
158 plz....R1..damm..short..long..short..long.....= longkang

enough..see you guys..happy green pips to all...take care
short..long..short..long, if that is this case, so no pros, it is really longkang + manipulation
  • #181,049
  • Jun 5, 2009 11:29am Jun 5, 2009 11:29am
Quoting malcolmb14
based on simple patterns we have broken waht seemed to be a bull flag.

The markets are really being played with right now. The NFP this monring was really the icing on the cake.

It seems that even thought Bernanake himself said US financial system is unstable and will not stabliize unless they stop stimulus , OB is still annoucing yet another stimulus package this coming Monday . At the rate the US Government are going they are printing baout 50 billion every other week

Bond yields are going based on a confidence returning to the economy...

Attached Image (click to enlarge)
Click to Enlarge Name: ym364.png Size: 230 KB
Blogging daily now at www.volume.zone
  • #181,050
  • Jun 5, 2009 11:32am Jun 5, 2009 11:32am
Quoting I like steak
Attachment

Based on the volume of the last 3 candles compared to the candle of the big move up before the last three:

Is this lower volume bearish or does analysis this time of the day on a Friday become irrelevant?

http://blogs.fxstreet.com/marketreadings/
USD/YEN has commenced its expected reversal.EURO and GBP are expected to rise along with it to make contrarian moves and then slide later when USD/YEN continue the rise with swings.

Last Friday when only US session- Price rose up 100 pips on low volume and dropped just before close, then rose again... When malcomb pointed out to use the 1hr for volume---I was doing so well on the smaller TF's I lost sight of the "big picture" - and could figure out why "VSA" wasn't working so well this week... well it's because the pro's have either left or aren't participating. I noticed that few vsa techniques I know were still working on the E/U-- but maybe it's my broker's feed too???
  • #181,051
  • Jun 5, 2009 11:38am Jun 5, 2009 11:38am
Quoting LuckyRoost
http://blogs.fxstreet.com/marketreadings/
USD/YEN has commenced its expected reversal.EURO and GBP are expected to rise along with it to make contrarian moves and then slide later when USD/YEN continue the rise with swings.

Thanks
  • #181,052
  • Jun 5, 2009 11:40am Jun 5, 2009 11:40am
I've been checking out the Auslanco thread for a while so wanted to say hi.

I trade the g/j out of Tokyo. (I was supposed to go out tonight, but after the NFP, there's no way that was going to happen...) Nice end to a crazy week.

Hope everyone has a great weekend counting their pips!
  • #181,053
  • Jun 5, 2009 11:42am Jun 5, 2009 11:42am
[quote=malcolmb14;2783147]based on simple patterns we have broken what seemed to be a bull flag.


You said your out of fx today - still buying dips then based on the above?
  • #181,054
  • Jun 5, 2009 11:51am Jun 5, 2009 11:51am
No pros, the day went lort and shong, this is a classic day that ends with stop profit and take loss
  • #181,055
  • Jun 5, 2009 11:57am Jun 5, 2009 11:57am
[quote=I like steak;2783175]
Quoting malcolmb14
based on simple patterns we have broken what seemed to be a bull flag.


You said your out of fx today - still buying dips then based on the above?

did trade fx sell gu and gj earlier and also ES . I am flat right now and will come back to the market in US session Monday .
Blogging daily now at www.volume.zone
  • #181,056
  • Jun 5, 2009 11:58am Jun 5, 2009 11:58am
Quoting Fudomyo
I've been checking out the Auslanco thread for a while so wanted to say hi.

I trade the g/j out of Tokyo. (I was supposed to go out tonight, but after the NFP, there's no way that was going to happen...) Nice end to a crazy week.

Hope everyone has a great weekend counting their pips!
Hi Fudomyo, welcome.
  • #181,057
  • Jun 5, 2009 12:42pm Jun 5, 2009 12:42pm
Is there a good method to determine direction. I'm just paralyzed in making any moves as everyone I make is the wrong direction. One day up the next down or get stopped out then takes off in the direction I wanted. Frustrating as hell as missing pips like crazy and donating to the house
  • #181,058
  • Jun 5, 2009 12:58pm Jun 5, 2009 12:58pm
Currencyexch,
I'm no pro here but I have picked up some pips this week using Tom Demarks new trend on 5-15 min time frames pg.76 attachments,with the 14 sma plus rgitt05 ema cross over indie also in attachments,(best on 15 min) the 14 sma and the cross over will confirm same candle. I also use the better volume chart bars and when the yellow is on up candle may go up a ways,any ways this is my scalping method.
  • #181,059
  • Jun 5, 2009 1:00pm Jun 5, 2009 1:00pm
Quoting currencyexch
Is there a good method to determine direction. I'm just paralyzed in making any moves as everyone I make is the wrong direction. One day up the next down or get stopped out then takes off in the direction I wanted. Frustrating as hell as missing pips like crazy and donating to the house


try using trend on 15 min , watch for any kind of candle set ups ( ie dojis close to s/r levels) for potential reversals.

I never typically trade friday and definately not around the NFP , i did however today and was lucky.
Blogging daily now at www.volume.zone
  • #181,060
  • Jun 5, 2009 1:03pm Jun 5, 2009 1:03pm
The 14sma and the demark new trend are actually from Malcomb. He just went on to be the volume expert while I'm still in training.
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