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

  • #183,821
  • Jul 6, 2009 6:24pm Jul 6, 2009 6:24pm
Anyone on Volume on the last upmove? Malcolm?
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  • #183,822
  • Jul 6, 2009 7:18pm Jul 6, 2009 7:18pm
This thread has certainely died out!!
  • #183,823
  • Jul 6, 2009 7:29pm Jul 6, 2009 7:29pm
Quoting Raza
Think it will retest broken trendline( black one) . thats where 61% fib is.

157.49.. IMO.. and probably higher.

Unless 4 Hr candle becomes Bearish engulfing.. I doubt it will..

Expecting a Volatile week!
If you look a 30 min. chart, once we hit 153.05, it biunces back to 154.00 and it seems that it was hit by sellers at that level; it bounced back up again and briged 155 and it was hit by sellers again (at least it seems like that). I have seen this pattern many times and generally, when this happens we get 250/300 pips drawdown.

Does anyone has a good volume indicator to confirm this?
  • #183,824
  • Jul 6, 2009 7:48pm Jul 6, 2009 7:48pm
Quoting Fusion
If you look a 30 min. chart, once we hit 153.05, it biunces back to 154.00 and it seems that it was hit by sellers at that level; it bounced back up again and briged 155 and it was hit by sellers again (at least it seems like that). I have seen this pattern many times and generally, when this happens we get 250/300 pips drawdown.

Does anyone has a good volume indicator to confirm this?
You could be right as well...
I see QQE crossed up on 4 hr and aiming for 50 level.... and Daily QQE just about to bounce up after touching 50 level.

See a major divergence ( bullish) on 4 Hr and 1 Hr as well.. but that can change too..

So far it has retraced only 23% of 162xx -- 153xx.

I was expecting it to go down to 152xx level at least!!!

Suspicious thing was DOW did not go down... but closed +7 .. today (last I checked) while everything else was down???
Markets are not Random, they are designed!
  • #183,825
  • Jul 6, 2009 7:57pm Jul 6, 2009 7:57pm
Quoting Raza
You could be right as well...
I see QQE crossed up on 4 hr and aiming for 50 level.... and Daily QQE just about to bounce up after touching 50 level.

See a major divergence ( bullish) on 4 Hr and 1 Hr as well.. but that can change too..

So far it has retraced only 23% of 162xx -- 153xx.

I was expecting it to go down to 152xx level at least!!!

Suspicious thing was DOW did not go down... but closed +7 .. today (last I checked) while everything else was down???

how are you master raza...just checking on ya post.
MY OPINION NOT FINANCIAL ADVISE
  • #183,826
  • Jul 6, 2009 8:02pm Jul 6, 2009 8:02pm
Quoting Raza
You could be right as well...
I see QQE crossed up on 4 hr and aiming for 50 level.... and Daily QQE just about to bounce up after touching 50 level.

See a major divergence ( bullish) on 4 Hr and 1 Hr as well.. but that can change too..

So far it has retraced only 23% of 162xx -- 153xx.

I was expecting it to go down to 152xx level at least!!!

Suspicious thing was DOW did not go down... but closed +7 .. today (last I checked) while everything else was down???
Raz once again, how do you see bulish divergance? i have massive and i mean massive bearish divergance on hourly. i will prove it with a chart. can you do the same. check the arows so you know what i mean
Attached Image (click to enlarge)
Click to Enlarge Name: for raz.gif Size: 19 KB
  • #183,827
  • Jul 6, 2009 8:12pm Jul 6, 2009 8:12pm
Quoting Macedonia
Raz once again, how do you see bulish divergance? i have massive and i mean massive bearish divergance on hourly. i will prove it with a chart. can you do the same. check the arows so you know what i mean

Here is another way of looking at it... IMO.

Don I am not the Master..
Attached Image (click to enlarge)
Click to Enlarge Name: Divergence.jpg Size: 185 KB
Markets are not Random, they are designed!
  • #183,828
  • Jul 6, 2009 8:14pm Jul 6, 2009 8:14pm
Quoting Raza
You could be right as well...
I see QQE crossed up on 4 hr and aiming for 50 level.... and Daily QQE just about to bounce up after touching 50 level.

See a major divergence ( bullish) on 4 Hr and 1 Hr as well.. but that can change too..

So far it has retraced only 23% of 162xx -- 153xx.

I was expecting it to go down to 152xx level at least!!!

Suspicious thing was DOW did not go down... but closed +7 .. today (last I checked) while everything else was down???
I have seen this kind of pattern (bearish) repeating itself many times during the past 3 month...It NEVER hits the correct fib level (152.800 here) in the first shot...

If it works like the way that it has been working, I expect it to go down, but this time 20-30 pips more than the last low (say 153.000+- 20pips); then back up again for 250-300 pips, but lower than the last high; then down again...finally a hard bounce back up ...

As of DOW...forget about it...it is all manipulated and doesn't have that much of bearing at all...7+...come on....are we really supposed to be scared of that?
  • #183,829
  • Jul 6, 2009 8:19pm Jul 6, 2009 8:19pm
Quoting Macedonia
Raz once again, how do you see bulish divergance? i have massive and i mean massive bearish divergance on hourly. i will prove it with a chart. can you do the same. check the arows so you know what i mean
4hr. see RSI.. also QQE crossed.

IT should had gone down below 153xx but...
Attached Image (click to enlarge)
Click to Enlarge Name: 4 hr divergence.jpg Size: 260 KB
Markets are not Random, they are designed!
  • #183,830
  • Jul 6, 2009 8:21pm Jul 6, 2009 8:21pm
Quoting Macedonia
Raz once again, how do you see bulish divergance? i have massive and i mean massive bearish divergance on hourly. i will prove it with a chart. can you do the same. check the arows so you know what i mean
this is a divergence chart as i trade divergence also, gj will go down kinda hard to say how much down but i see a possible rise in europe and the major news can take gj up if u can see that on 4hrs chart also...
we are in the level between new high and new low ..if we make new high we should test 156 and possible 157 new low should test 153 support ..
i am still newbie but can trade my chart.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot Studio capture #49.png Size: 36 KB
MY OPINION NOT FINANCIAL ADVISE
  • #183,831
  • Jul 6, 2009 8:27pm Jul 6, 2009 8:27pm
Quoting donfriday
this is a divergence chart as i trade divergence also, gj will go down kinda hard to say how much down but i see a possible rise in europe and the major news can take gj up if u can see that on 4hrs chart also...
we are in the level between new high and new low ..if we make new high we should test 156 and possible 157 new low should test 153 support ..
i am still newbie but can trade my chart.
hey don...155..mm just nice right..155.30..mmm....how is ur take...am shorting from here and no more long atm....great sleep yesterday...
  • #183,832
  • Jul 6, 2009 8:31pm Jul 6, 2009 8:31pm
Quoting donfriday
this is a divergence chart as i trade divergence also, gj will go down kinda hard to say how much down but i see a possible rise in europe and the major news can take gj up if u can see that on 4hrs chart also...
we are in the level between new high and new low ..if we make new high we should test 156 and possible 157 new low should test 153 support ..
i am still newbie but can trade my chart.


May be Divergence I am talking about has already played out.

OR ... it is going to play...

Fusion.. I know what you are saying as well..

Well I have taken some profit earlier.... This small trade I have .. I will put the stop loss at 152.40.. lets see.
Markets are not Random, they are designed!
  • #183,833
  • Jul 6, 2009 8:34pm Jul 6, 2009 8:34pm
Quoting Raza


May be Divergence I am talking about has already played out.

OR ... it is going to play...

Fusion.. I know what you are saying as well..

Well I have taken some profit earlier.... This small trade I have .. I will put the stop loss at 152.40.. lets see.
how is your going? look u r in the healty mood...anyway i can vouch now..and u deserve mine as one of my good friend and good EW analysis....I use ur analysis to check with mine as well...Keep it up
  • #183,834
  • Jul 6, 2009 8:39pm Jul 6, 2009 8:39pm
Quoting Raza


May be Divergence I am talking about has already played out.

OR ... it is going to play...

Fusion.. I know what you are saying as well..

Well I have taken some profit earlier.... This small trade I have .. I will put the stop loss at 152.40.. lets see.

you dont need to read all this book just read the divergence stuffs in it and ignor the reast as u dont trade the template of williams so the divergence stuffs might help you and others that need it.
Attached File(s)
File Type: pdf Chaos.pdf   548 KB | 755 downloads
MY OPINION NOT FINANCIAL ADVISE
  • #183,835
  • Jul 6, 2009 8:41pm Jul 6, 2009 8:41pm
Quoting grashid
how is your going? look u r in the healty mood...anyway i can vouch now..and u deserve mine as one of my good friend and good EW analysis....I use ur analysis to check with mine as well...Keep it up
Thanks.. Grashid..

I am doing Ok.. and in positive mood.. its nice to take a break ..some times..

I see all your posts time to time.. very impressive. # of trade last week..

We are discussing controversial. Divergences right now.. well all I care is... some positive pips.. a day.. whatever happens after .. who cares.. you know.

I dont go for home runs anymore.. it works better that way.. keep adding to Account.. when the right time comes...Go Big!!

I will read that DON.. thanks!!
Markets are not Random, they are designed!
  • #183,836
  • Jul 6, 2009 8:45pm Jul 6, 2009 8:45pm
Quoting grashid
hey don...155..mm just nice right..155.30..mmm....how is ur take...am shorting from here and no more long atm....great sleep yesterday...

look at you ...u asking like i was the only one that long it..but your inpatience kick u out of that long it was a fast one and i grab the little i can ..
i am short now @ 155.00 sl just 50pips.
4hrs not clear for short but 1hr still showing some downward till europe open then we have a clear picture because i think we might go up to 156 again IMO
..trade your just chart newbie.
MY OPINION NOT FINANCIAL ADVISE
  • #183,837
  • Jul 6, 2009 8:50pm Jul 6, 2009 8:50pm
Quoting Raza
Thanks.. Grashid..

I am doing Ok.. and in positive mood.. its nice to take a break ..some times..

I see all your posts time to time.. very impressive. # of trade last week..

We are discussing controversial. Divergences right now.. well all I care is... some positive pips.. a day.. whatever happens after .. who cares.. you know.

I dont go for home runs anymore.. it works better that way.. keep adding to Account.. when the right time comes...Go Big!!

I will read that DON.. thanks!!
ya mate..all in all Aus make me as what i am..am just fully utilise what i should...anyway happy to see you back..but the rest of my buddy still in screet mission..mmm....waiting them to come back....
  • #183,838
  • Jul 6, 2009 8:51pm Jul 6, 2009 8:51pm
Quoting donfriday
look at you ...u asking like i was the only one that long it..but your inpatience kick u out of that long it was a fast one and i grab the little i can ..
i am short now @ 155.00 sl just 50pips.
4hrs not clear for short but 1hr still showing some downward till europe open then we have a clear picture because i think we might go up to 156 again IMO
..trade your just chart newbie.
ya..cause busy YM with you lol ..mm..its ok ..just joking...today my daily already completed...from yesterday setting and now am looking for grab both GU n GY...see you again mate in London..
  • #183,839
  • Jul 6, 2009 8:56pm Jul 6, 2009 8:56pm
Quoting grashid
ya..cause busy YM with you lol ..mm..its ok ..just joking...today my daily already completed...from yesterday setting and now am looking for grab both GU n GY...see you again mate in London..

seriously i dont like to mix other pair with my main pair GJ, but yesterday after YM with you i had to create 2 chat on 1 screen so that i could spot both pair together and i found gu to be more simple than Gj from the set up gu is worth to trade..
i just set my trade and will lock in pips going back to sleep Raz and everyone ..
MY OPINION NOT FINANCIAL ADVISE
  • #183,840
  • Jul 6, 2009 8:59pm Jul 6, 2009 8:59pm
I think this is what our 1 hr chart looks like... TOP Chart..

Example

http://www.babypips.com/school/images/regular.gif


BullishLower LowHigher LowIndicates underlying strength. Bears are exhausted.
Warning of possible trend direction change from down to up.http://www.babypips.com/school/image...vergence-s.png BearishHigher HighLower HighIndicates underlying weakness. Bulls are exhausted.
Warning of possible trend direction change from up to down.http://www.babypips.com/school/image...vergence-s.png

http://www.babypips.com/school/images/hidden.gif

Markets are not Random, they are designed!
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