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

  • #181,081
  • Jun 5, 2009 2:36pm Jun 5, 2009 2:36pm
Quoting malcolmb14
....looks like some form of game
Anyone have any sources where one can read more about these 'pros' and the games they try/are playing? I don't get a 40 pip pop on a dead volume afternoon of the historically quietest trading period; London's gone home and it's 3:30EST. (Yes, my short got stopped out!) One would expect sentiment in GB to get worse over the weekend, and we should open lower Sunday night. Think I'll take your advice and check out GU.
  • #181,082
  • Jun 5, 2009 2:48pm Jun 5, 2009 2:48pm
Quoting Beljevina
Anyone have any sources where one can read more about these 'pros' and the games they try/are playing? I don't get a 40 pip pop on a dead volume afternoon of the historically quietest trading period; London's gone home and it's 3:30EST. (Yes, my short got stopped out!) One would expect sentiment in GB to get worse over the weekend, and we should open lower Sunday night. Think I'll take your advice and check out GU.

I am confused as hell

there was very clear signs of pros taking advantage of the news spike ... they sold into the strength .

Now market has moved up since the initial dip this morning.

I am going to see if we get some kind of gap on the weekend into 158.60.

GBP is getting weaker or should be ... it lost AAA rating and there are issues in the Government , this always provides unstable times for the economy.

The cooked NDP screwed up the potential reversal on the US stock markets and now there is talk of OB coming with yet another stimulus package.

Uj there is talk of it testing 100 . Often it moves down if risk aversion is evident in the market , which it seems that it is not and close to 10 % unemployment is just fine and dandy ....
Blogging daily now at www.volume.zone
  • #181,083
  • Jun 5, 2009 2:57pm Jun 5, 2009 2:57pm
How about a few ghosts from the lost decade having nothing better to do on a Friday night...
  • #181,084
  • Jun 5, 2009 2:58pm Jun 5, 2009 2:58pm
Quoting malcolmb14
ok here is what I TRY an do ...

get that rsx thing that godfrey out up last night ....

put on 30 min chart .. when red only sell on smaller time frames , when green only go long on smaller time frame . It has kept me out of a lot of wrong trades and shows trend well

Attachment
Thanks
I'll check that out and look for the post. If you happen to know what post # it was he posted that would be great. But I will go back and look for it
  • #181,085
  • Jun 5, 2009 2:59pm Jun 5, 2009 2:59pm
not saying this is going to happen ....

BUT i saw this move once before that baffled me like this .... that was at 215 . Exactly like this on a Friday afternoon ..a no demand ( low volume upthrust ) last 2 hours of trading. The market never looked back

Next week could get interesting
Blogging daily now at www.volume.zone
  • #181,086
  • Jun 5, 2009 3:02pm Jun 5, 2009 3:02pm
Quoting malcolmb14
not saying this is going to happen ....

BUT i saw this move once before that baffled me like this .... that was at 215 . Exactly like this on a Friday afternoon ..a no demand ( low volume upthrust ) last 2 hours of trading. The market never looked back
Was that on the way from 215 to 250 or from 215 to where we are now?
  • #181,087
  • Jun 5, 2009 3:06pm Jun 5, 2009 3:06pm
Quoting malcolmb14
ok here is what I TRY an do ...

get that rsx thing that godfrey out up last night ....

put on 30 min chart .. when red only sell on smaller time frames , when green only go long on smaller time frame . It has kept me out of a lot of wrong trades and shows trend well

Attachment
I have downloaded this file but not sure how to get it to work with my platform which is GFT. If anyone knows please let me know as I'm not the most computer saavy person
  • #181,088
  • Jun 5, 2009 3:10pm Jun 5, 2009 3:10pm
I remember trading GY from 250 to about 130, pretty much went from fib level to fib level, just put a sell in after it broke a fib level, boy has it been hard since then...
  • #181,089
  • Jun 5, 2009 3:15pm Jun 5, 2009 3:15pm
Quoting malcolmb14
ok here is what I TRY an do ...

get that rsx thing that godfrey out up last night ....

put on 30 min chart .. when red only sell on smaller time frames , when green only go long on smaller time frame . It has kept me out of a lot of wrong trades and shows trend well

Attachment
Thank You Malcolm, this information you have provided means so much to me and my brokerage account... Adding this info to my trading rules now.. Thanks again for sharing this valuable information.
  • #181,090
  • Jun 5, 2009 3:16pm Jun 5, 2009 3:16pm
If there is one reason that I read this thread, it is you Malc. I really like your analysis and I have learned a lot from you during the past 3 months...Just wanna to thank you and wish you a good weekend....

Quoting malcolmb14
not saying this is going to happen ....

BUT i saw this move once before that baffled me like this .... that was at 215 . Exactly like this on a Friday afternoon ..a no demand ( low volume upthrust ) last 2 hours of trading. The market never looked back

Next week could get interesting
  • #181,091
  • Jun 5, 2009 3:26pm Jun 5, 2009 3:26pm
Currencyexch,
You need to go back to Godfrey's posts I think he said you would need all of the other RSX files as well? Hope that helps
  • #181,092
  • Jun 5, 2009 3:44pm Jun 5, 2009 3:44pm
I think (and hope) usd/yen will go down on the opening Sunday night as it is extremely overbought in the hourlies (RSI). Have a good w/e you all.
{Promotion Removed}
  • #181,093
  • Jun 5, 2009 3:48pm Jun 5, 2009 3:48pm
Quoting fxgrnwise
Currencyexch,
You need to go back to Godfrey's posts I think he said you would need all of the other RSX files as well? Hope that helps

thanks will do
  • #181,094
  • Jun 5, 2009 5:10pm Jun 5, 2009 5:10pm
In forex market either we trade in normal condition or in consolidation or manipulation, today we were in the manipulation period, as NFP figures were cooked, and now we are in the seasoning phase after the market is closed, and one Sunday it is the tasting and testing phase so as to be ready to serve on Monday.
I forgot to mention about yesterday main dish which was (Gordon Brown) resignation rumor, it was (well done)
Starting from next week, I won't go for reading the daily calendar, I'll start searching for the daily menu to see what is cooking, well although I'm not happy from the above mentioned, but I was lucky yesterday, I had some short trades that reached their target in no time and today I had one long trade so I made very good profit, but I was thinking what if it went against me
Bon Appétit everyone.
  • #181,095
  • Jun 5, 2009 5:24pm Jun 5, 2009 5:24pm
Quoting pino2
In forex market either we trade in normal condition or in consolidation or manipulation, today we were in the manipulation period, as NFP figures were cooked, and now we are in the seasoning phase after the market is closed, and one Sunday it is the tasting and testing phase so as to be ready to serve on Monday.
I forgot to mention about yesterday main dish which was (Gordon Brown) resignation rumor, it was (well done)
Starting from next week, I won't go for reading the daily calendar, I'll start searching for the daily menu to see what is cooking,...
Funny you say that...I was (and still am) in some short trades but wasn't that lucky! Usd/yen very overbought so this cross should go lower next week. Anyways I believe, under the circumstances it is better to switch concentration to cable as gbp/yen becomes too much of flipping a coin now. Bon fin de semaine et dimanche soir autre semaine avec nouvelles chances.

Salut
{Promotion Removed}
  • #181,096
  • Edited 9:09pm Jun 5, 2009 5:29pm | Edited 9:09pm
Quoting Raza
Here is the wISHFUL tHINKING..200% fIB RETRACE. Inverted Head & shoulder on Hourly.. Daily 61.8% 167.45 retracement from 195xx- 118xx.

Note weekly pivot is at 153.08.... 1400 pip is a lot though for 1 day.. might have to wait for a whole month.

SEE any thing is possible..its not my bias..cause I dont have any.. just a possible scenario.. ya you can call me crazy...
Just got back... so My this scenario did play out a little earlier than suggested... Hope the rest will happen too. Posted this 14 hours ago.. This scenario is still valid as long as 151xx level holds.

Dont know if any one paid attention,, guess I dont talk about indicators too much.. no worries..I will trade my charts.... you trade yours

I did not trade this bull move at all..was just watching..Not trading Fridays.. Bs news days ... no more

Sorry retracement from 197xx to 118xx.. typo..up there...
Markets are not Random, they are designed!
  • #181,097
  • Jun 6, 2009 12:41am Jun 6, 2009 12:41am
Quoting Raza
Just got back... so My this scenario did play out a little earlier than suggested... Hope the rest will happen too. Posted this 14 hours ago.. This scenario is still valid as long as 151xx level holds.

Dont know if any one paid attention,, guess I dont talk about indicators too much.. no worries..I will trade my charts.... you trade yours

I did not trade this bull move at all..was just watching..Not trading Fridays.. Bs news days ... no more

Sorry retracement from 197xx to 118xx.. typo..up there...
look like am same page with u...and am still bear bias and possible tanking 800-900 pips next week..or maybe on that Monday itself wil show some signing of 300-400pips before london...just try my 10sen long and suprise hit 158 from Buy limit of 155 due to a very 'great' BS news of NFP and US credit when am wake up from my rest...and just adding 2 more short from 157 and 158...all SL will be set @ 159 as i believe she will play around yellow line from my previous post... unless either one is broken..it may change my view...if SL hit..again i will starting next week with -300pips + 136 pips= -264pips in my new margin transfered from my minis...mm..2 consecutive week open with not less than -200pips..with end up struggling the whole week for recovery plan..perhaps next week will be no 3rd consecutive week....

anyway am ready for EUJY and GU next week and perhaps not focus on GY..maybe play back my earlier pair which is EU..mmm..interesting movie next week as what Mal say....see what happen

Anyway nice view and hope every of us will making big money next week...Happy weekend to u
  • #181,098
  • Jun 6, 2009 4:57am Jun 6, 2009 4:57am
Quoting grashid
look like am same page with u...and am still bear bias and possible tanking 800-900 pips next week..or maybe on that Monday itself wil show some signing of 300-400pips before london...just try my 10sen long and suprise hit 158 from Buy limit of 155 due to a very 'great' BS news of NFP and US credit when am wake up from my rest...and just adding 2 more short from 157 and 158...all SL will be set @ 159 as i believe she will play around yellow line from my previous post... unless either one is broken..it may change my view...if SL hit..again i will...

i agree with u, price sould retest 159 then we drop from there...my bias on gj is still bullish as where the price is above 151, but i am looking for a 151 or 152 retest and possible we bounce from there...i have been selling but due to price movement on the news ,, it's good for one to take the 200pips up and down ...let see how it play next week
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MY OPINION NOT FINANCIAL ADVISE
  • #181,099
  • Edited 8:29am Jun 6, 2009 8:11am | Edited 8:29am
usdjpy broke the daily channel with both fundies and technicals (that includes vsa) confirming the break out.

edit: on H1 and M30 we have successful test of no supply on low volume but yea vsa is not so liable as the market closes IMHO.

one thing is worth to mention on gbpusd weekly chart, we have bearish HD and test of 50 ema with bar closing on the lows,
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I recommend you read something else as this sentence is now concluded.
  • #181,100
  • Jun 6, 2009 8:28am Jun 6, 2009 8:28am
what i see (maybe i am wrong) the pair touched the down trend from July 2008 and the Fibo 50 (green arrow), then it return back, if its break it, then it will move around 99.70 (yellow arrow).

any advice please.

Thanks
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