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

  • #181,841
  • Jun 12, 2009 12:00am Jun 12, 2009 12:00am
Quoting Eulogy
LOL if wave 5 is as long as wave 3 (215-118.8) then GJ will prolly end up in the 6x.xx. My guesstimate is that wave 5 will be around as long as wave 1, although the million dollar question at the moment is when the beast will start to drop.

.. Ok if it ever went down that low .. I will move to england... and say Hello to the Queen.
Markets are not Random, they are designed!
  • #181,842
  • Jun 12, 2009 12:06am Jun 12, 2009 12:06am
you know there is also an article on the web saying that there are people picking up houses in Detroit in bulk. GFC and all i get. Falling house prices i also get but the fact is, in that story they're saying buyers are coming along and scooping up 5 properties per pop for $12k each. WTF?
  • #181,843
  • Jun 12, 2009 12:09am Jun 12, 2009 12:09am
Quoting Eulogy
you know there is also an article on the web saying that there are people picking up houses in Detroit in bulk. GFC and all i get. Falling house prices i also get but the fact is, in that story they're saying buyers are coming along and scooping up 5 properties per pop for $12k each. WTF?
Yup, I just read the same article too on MSNBC.com. Unbelievable, do not have strength/courage to read it further http://www.forexfactory.com/images/icons/icon9.gif
  • #181,844
  • Jun 12, 2009 12:16am Jun 12, 2009 12:16am
Quoting mktjong
Yup, I just read the same article too on MSNBC.com. Unbelievable, do not have strength/courage to read it further http://www.forexfactory.com/images/icons/icon9.gif

I should forget stock market.. and pick up Dozen TOO.. Can just live off the rent.. Are houses cheaper than the car??.. MY HOUSE IS $500,000 + here. or sell it before it is worth $5000.00.

Thats pretty sad bro..
Markets are not Random, they are designed!
  • #181,845
  • Jun 12, 2009 12:21am Jun 12, 2009 12:21am
Quoting Raza
IF you can ask a question.. please ask for explanation .. how prices can go up on LOW VOLUME.?? Hoping for a acceptable answer.. not that it indicates the market will sell off. cause I will have margin call by then or loose my shirt/ Pants..
I believe Gavin indicated it's partially to do with the previous bars having seen much buying power by the regular uninformed masses, while the big boys were selling at the same time to lock in profits, largely because of market manipulation - he was quite open about indicating that the power brokers basically collude to create impressions that don't always have logical explanations.

Good news is that it was recorded and instead of going the 2 hrs from 8pm EST it basically went to 12:50am. Gavin answered each and every question and I felt it was time well spent. The one very clear impression he left me with is that he tries to be ultra sure with any trade that he steps into, using say 5/15min charts for entry, only after at least 3 correct direction indicators are shown (via the TradeGuider SW of course!), resulting in usually 3-6 trades per session/overnight. I also recorded the session from my end, but unfortunately my darned PC froze up twice, so I missed about 10 min of the recorded 8-10 session.
  • #181,846
  • Jun 12, 2009 12:21am Jun 12, 2009 12:21am
Too scared to long ... can't justify short ...

Ahh well ... till next week.
  • #181,847
  • Jun 12, 2009 12:23am Jun 12, 2009 12:23am
Quoting Raza
I should forget stock market.. and pick up Dozen TOO.. Can just live off the rent.. Are houses cheaper than the car??.. MY HOUSE IS $500,000 + here.
The point wasn't how many you could scoop up yourself, the point was why didn't the entire market collapse when house prices are at such levels. That kinda fall is about the equivalent having your proverbial carriage turn back into a pumpkin.
  • #181,848
  • Jun 12, 2009 12:47am Jun 12, 2009 12:47am
A new asian session fashion these days, today since the US close we only have 61 pips range in the last 9 hours
  • #181,849
  • Jun 12, 2009 12:57am Jun 12, 2009 12:57am
I have obeserved that in the last 24 hours on the 5TF, the candles have longer wicks and tails. Does this mean anything ? Could it mean uncertainty about whether to long or to short ?

Have seen on this thread many who are not sure themselves.
  • #181,850
  • Jun 12, 2009 12:58am Jun 12, 2009 12:58am
Quoting malcolmb14
something is going on ....no idea what it is ... GU 1.66000 double top , ES ( s &p emini) 5 DOJIS ON DAILY IN A ROW I have NEVER seen this in 7 years of trading . Odd how Gj crept over that 160 mark.

I have an odd feeling something major is going to happen next week. Not sure what it is but odd feeling.

Attachment
Hmmm u are right bro...something is going on i see no buying in gj i think they are still holding there long .....
MY OPINION NOT FINANCIAL ADVISE
  • #181,851
  • Jun 12, 2009 1:03am Jun 12, 2009 1:03am
Quoting rgitt05
Hi malcolmb14,

Here is a snapshot talking about the same thing of the S & P.


this pair is damn crazy now...i still hold on my sell limit at 162.55 if it triggered fine but we might hit 164.60..
what do you think?
MY OPINION NOT FINANCIAL ADVISE
  • #181,852
  • Jun 12, 2009 1:18am Jun 12, 2009 1:18am
Please noone to short except if there is sign for reversal and vise versa, don't get married to your bias agaisnt the trend
  • #181,853
  • Jun 12, 2009 1:22am Jun 12, 2009 1:22am
Quoting pino2
Please noone to short except if there is sign for reversal and vise versa, don't get married to your bias agaisnt the trend

I was short yesterday from 160.61 and after the dip yesterday did not take profit, so have this unrealized loss on account. Then reversed the position as Asia open, ie long now.

Daily rsi still in 70's.

Simple - don't go against the trend: are we going to see a buying climax before geppy takes a "breather" like everyone is trying to call?
  • #181,854
  • Jun 12, 2009 1:35am Jun 12, 2009 1:35am
Quoting I like steak
I was short yesterday from 160.61 and after the dip yesterday did not take profit, so have this unrealized loss on account. Then reversed the position as Asia open, ie long now. Daily rsi still in 70's. Simple - don't go against the trend: are we going to see a buying climax before geppy takes a "breather" like everyone is trying to call?
Although I value most of the participants in this forum, I too have been too severly swayed by the many calling for the eventual downfall. So I shorted, and only realized this beast is not letting up when it was too late. Part of it is due to inprecisely written predictions lacking timeframes. And had I been following my charts and not other's expectations, I would not be incurring costly education within my account. It's true and key that the most repeated phrase is trade your charts and the trend - I believe it's sinking in now, after my customary blown demos and real accounts.
  • #181,855
  • Jun 12, 2009 1:45am Jun 12, 2009 1:45am
I haven't started trading geppy untill a copy of months back.

Currently have this unrealized loss of 200 pips in my accounts from yesterday till current pa

But made posts of this pa being mundane? Check 2006 year ... that is mundane and it makes the current pa look "strong"
  • #181,856
  • Jun 12, 2009 1:46am Jun 12, 2009 1:46am
Quoting Beljevina
Although I value most of the participants in this forum, I too have been too severly swayed by the many calling for the eventual downfall. So I shorted, and only realized this beast is not letting up when it was too late. Part of it is due to inprecisely written predictions lacking timeframes. And had I been following my charts and not other's expectations, I would not be incurring costly education within my account. It's true and key that the most repeated phrase is trade your charts and the trend - I believe it's sinking in now, after my customary...


Gj as been mark up from the bottom and i feel they are still holding on some Long since 13x.xx or 14xx...............this 1hr showing no volume but gj still rise market is rising on no volume...hmm i can be wrong but this is chaos method..
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 24 KB
MY OPINION NOT FINANCIAL ADVISE
  • #181,857
  • Jun 12, 2009 1:51am Jun 12, 2009 1:51am
Quoting donfriday
Gj as been mark up from the bottom and i feel they are still holding on some Long since 13x.xx or 14xx...............this 1hr showing no volume but gj still rise market is rising on no volume...hmm i can be wrong but this is chaos method..
In short period of time you became VSA chart reader.
The Market pays you to be disciplined
  • #181,858
  • Jun 12, 2009 1:54am Jun 12, 2009 1:54am
Quoting mima
In short period of time you became VSA chart reader.

funny mate...Malcolmb introduce me to VSA but from the beginning i should trade volume because the book i read for my trading method include volume and fractal ...bill williams chaos method..

still learning but VSA is awesome so far.
MY OPINION NOT FINANCIAL ADVISE
  • #181,859
  • Jun 12, 2009 2:04am Jun 12, 2009 2:04am
Quoting donfriday
Gj as been mark up from the bottom and i feel they are still holding on some Long since 13x.xx or 14xx...............this 1hr showing no volume but gj still rise market is rising on no volume...hmm i can be wrong but this is chaos method..
no it is not...get used to the methodology and don't think it is just no volume on upbars=crash...

it means nothing in an uptrend, same as pinbars! they have to appear in the right spot... its not only about reading 1 or 2 bars.

whats behind you? how does the market react to this 1 sign appearing? how do the other bars around it look, what about the spread.

if it was that easy everybody would profit off of using it. thousands of screen hours of one particular market/instrument and you really get used to it in terms of vsa.
  • #181,860
  • Jun 12, 2009 2:07am Jun 12, 2009 2:07am
Quoting pino2
Please noone to short except if there is sign for reversal and vise versa, don't get married to your bias agaisnt the trend

damn gj..that 162.55 just gave 100pips.....
MY OPINION NOT FINANCIAL ADVISE
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