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

  • #184,501
  • Jul 14, 2009 4:31pm Jul 14, 2009 4:31pm
..... I told you there was more upside. lol.

Seriously, ES has just gapped up which means 2 things IMHO:
1. We close the gap tonight before moving higher. OR
2. We continue higher and gap gets closed later on.

Either way, gap gets closed. Now, just watching for signs of retracement or continuation.

I'm flat now.
  • #184,502
  • Jul 14, 2009 4:32pm Jul 14, 2009 4:32pm
Quoting ukdaytrader
..... I told you there was more upside. lol.

Seriously, ES has just gapped up which means 2 things IMHO:
1. We close the gap tonight before moving higher. OR
2. We continue higher and gap gets closed later on.

Either way, gap gets closed. Now, just watching for signs of retracement or continuation.

I'm flat now.
with bs i have seen this week i favour no gap close and 1200 by end of week lol
Blogging daily now at www.volume.zone
  • #184,503
  • Jul 14, 2009 4:36pm Jul 14, 2009 4:36pm
Quoting azibi
yeah correct, besides everybody started the week with a heavy bearish view both on stockmarket as on currencies......could have known. Don't follow the crowd!
Following the crowd is for the most part a good idea. You just have to know when to get the hell out. Adaptability is the most important word in my trading vocab.
  • #184,504
  • Jul 14, 2009 4:39pm Jul 14, 2009 4:39pm
Quoting ukdaytrader
Following the crowd is for the most part a good idea. You just have to know when to get the hell out. Adaptability is the most important word in my trading vocab.

what Gann preiod u use and what is the closing price on ur daily candle? my candle not close yet UK broker.
MY OPINION NOT FINANCIAL ADVISE
  • #184,505
  • Edited 4:53pm Jul 14, 2009 4:42pm | Edited 4:53pm
Quoting Raza
Trade you Charts .. not Biases.. or News.
Price just Hit the RED TL Of this WEDGE. should fall down.. . I closed short for 50 some pips.. waiting to sell again .. If it goes higher than the last high.. I will be selling according to FIB levels.. 153.20.. then 153.87.. 154.50.. Dont think it will go Higher than 153.50.. Retrace to at Least Daily Pivot.IMO
Markets are not Random, they are designed!
  • #184,506
  • Jul 14, 2009 4:43pm Jul 14, 2009 4:43pm
Quoting donfriday
what Gann preiod u use and what is the closing price on ur daily candle? my candle not close yet UK broker.
I use Gann period 10. My Daily candle does not close for another hour or so.
  • #184,507
  • Jul 14, 2009 4:44pm Jul 14, 2009 4:44pm
Quoting malcolmb14
with bs i have seen this week i favour no gap close and 1200 by end of week lol

DJ gap up and wall street also on very long bar on 5 min on high volume...something is not clear to me ..it's better i close my eyes and give it a day.
MY OPINION NOT FINANCIAL ADVISE
  • #184,508
  • Jul 14, 2009 4:45pm Jul 14, 2009 4:45pm
Malcolmb, C/O this live acct chart... shows different volume than demo...
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  • #184,509
  • Jul 14, 2009 4:46pm Jul 14, 2009 4:46pm
Quoting donfriday
DJ gap up and wall street also on very long bar on 5 min on high volume...something is not clear to me ..it's better i close my eyes and give it a day.

around 925 to 950 on the ES start looking for some form of weakness on the daily.
Blogging daily now at www.volume.zone
  • #184,510
  • Jul 14, 2009 4:48pm Jul 14, 2009 4:48pm
Quoting MykeFX
Malcolmb, C/O this live acct chart... shows different volume than demo...

same on 60 min esignal as 60 min ibfx demo

Attached Image (click to enlarge)
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Blogging daily now at www.volume.zone
  • #184,511
  • Jul 14, 2009 4:51pm Jul 14, 2009 4:51pm
Quoting MykeFX
Malcolmb, C/O this live acct chart... shows different volume than demo...
I am such a donkey ... sometime another chart makes it all clearer . GJ has been in accumulation for last 2 weeks....

Attached Image (click to enlarge)
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Blogging daily now at www.volume.zone
  • #184,512
  • Jul 14, 2009 5:00pm Jul 14, 2009 5:00pm
Quoting malcolmb14
I am such a donkey ... sometime another chart makes it all clearer . GJ has been in accumulation for last 2 weeks....

Attachment
Loving your comments. Making me think of things I haven't thought before...

Trying to understand your comment....

Are you saying the higher volumes that you mark with the red lines is people buying on the dips?
  • #184,513
  • Jul 14, 2009 5:00pm Jul 14, 2009 5:00pm
Well ,, Just saw Daily .. It is quiet Bullish..

WE have 1 green./ blue Candle after the Hammer.. This can turn into Three White Crow pattern. 156xx-159xx..

Shoot Why did I closed My long???? Too bad Hedging is Banned.. in North America,,

qqe just crossed up on 1 HR. 4hr QQE is way above 50 line..

According to the charts I would say again.. some retrace is Due.

Looks like wave 5 last one is in Play.. 163xx..167xx
Markets are not Random, they are designed!
  • #184,514
  • Jul 14, 2009 5:05pm Jul 14, 2009 5:05pm
Quoting Piece Of The Pie
Loving your comments. Making me think of things I haven't thought before...

Trying to understand your comment....

Are you saying the higher volumes that you mark with the red lines is people buying on the dips?

exactly every dip was bought into ....
Blogging daily now at www.volume.zone
  • #184,515
  • Jul 14, 2009 5:07pm Jul 14, 2009 5:07pm
Quoting Raza
Well ,, Just saw Daily .. It is quiet Bullish..

WE have 1 green./ blue Candle after the Hammer.. This can turn into Three White Crow pattern. 156xx-159xx..

Shoot Why did I closed My long???? Too bad Hedging is Banned.. in North America,,

qqe just crossed up on 1 HR. 4hr QQE is way above 50 line..

According to the charts I would say again.. some retrace is Due.

nikkei may gap up and if it fills gap may get a move down in gj of 50 - 100 pip ... of course may . I am only buying dips as we are abopve the 150.60 level , which is the upper value area of yesterday. when price is above this it is a buy day
Blogging daily now at www.volume.zone
  • #184,516
  • Jul 14, 2009 5:08pm Jul 14, 2009 5:08pm
Quoting malcolmb14
exactly every dip was bought into ....
With respect to Volume...How can you tell if it is "buying the dips" from people "selling" with the worst timing in the world?

Thanks Malcomb
  • #184,517
  • Jul 14, 2009 5:22pm Jul 14, 2009 5:22pm
Quoting Piece Of The Pie
With respect to Volume...How can you tell if it is "buying the dips" from people "selling" with the worst timing in the world?

Thanks Malcomb
that is easy . Large volume bars are driven by pros not us retial investors.

pros do not sell on support . Also we have now seen the reaction to that volume and the subsequent up move.

I think 155 needs to be tested before we see any weakness .....maybe higher will have to see how the US indexes play out. I am just day trading as this volatility we have allows me to grab my 50 - 100 pips a day
Blogging daily now at www.volume.zone
  • #184,518
  • Jul 14, 2009 5:23pm Jul 14, 2009 5:23pm
Quoting Piece Of The Pie
With respect to Volume...How can you tell if it is "buying the dips" from people "selling" with the worst timing in the world?

Thanks Malcomb
let me try that one for ya,

if those were sellers then you would see candles closing near their lows
candle shape and close is VITAL to determine whether the volume that is measured under that candle is bearish/bullish. on a high volume candle is close is near open with a long wick means buyers overwhelming sellers and vice versa. Hope that helped

look at those pretty 4 hour pins/bullish hammers that were formed when volume was highest. where did the candle close ? ... exactly, near the open
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #184,519
  • Jul 14, 2009 6:34pm Jul 14, 2009 6:34pm
time to go long 152.45

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Blogging daily now at www.volume.zone
  • #184,520
  • Jul 14, 2009 6:55pm Jul 14, 2009 6:55pm
Quoting malcolmb14
time to go long 152.45

Attachment

hope that was clear neough for you all lol .......scalpers dream
Blogging daily now at www.volume.zone
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