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

  • #185,681
  • Jul 23, 2009 3:25pm Jul 23, 2009 3:25pm
amazon and microsoft both dropped after market sinking the futurtes and gj .... wonder if this weakness will get bought into

looks like that bearish div on 15 min did play out after all
Blogging daily now at www.volume.zone
  • #185,682
  • Jul 23, 2009 3:30pm Jul 23, 2009 3:30pm
Quoting donfriday
everyone with what he or she use...dont try my macd on divergence and convergence u wanna give it a try?

On multiple screens I actually have ZeroLag MACD in other windows as well. I use 8,34,9 settings. In fact right now, its showig me some very healthy bearish divergence on the 4 hr for G/U. If that drops tonight and U/J can breakdown as well, we could see a nice drop in G/Y too. If I knew how to post a chart, Id post it for you to view.

Have not used it on convergence as yet. Truthfully Im not familiar with that method using MACD.
  • #185,683
  • Jul 23, 2009 3:30pm Jul 23, 2009 3:30pm
Quoting Raza
I used to use 5M not any more.. its too overwhelming..

15m IS THE LOWEST i GO.. 1 HR is good to see candle stick info.. for reversal.. short term.. have them open side by side.. if you have more monitors.. I have few.so.. try and improve your trading..and advise me too as well If I missed something.. it will be great help... other wise I am all alone here with RSI....

Thanks.


F**k RSI.....MACD is fully divergence stuff if u try me i hunt u like bear...
MY OPINION NOT FINANCIAL ADVISE
  • #185,684
  • Jul 23, 2009 3:31pm Jul 23, 2009 3:31pm
Quoting malcolmb14
amazon and microsoft both dropped after market sinking the futurtes and gj .... wonder if this weakness will get bought into

looks like that bearish div on 15 min did play out after all
yeah .. unbelievable .. big boys knew it already and drove it high just to plunge it later .. hitting stoploss in cascading mode .. think it's still in early mode now .. shall be more exaggerated later .. maybe
  • #185,685
  • Jul 23, 2009 3:33pm Jul 23, 2009 3:33pm
Quoting mktjong
yeah .. unbelievable .. big boys knew it already and drove it high just to plunge it later .. hitting stoploss in cascading mode .. think it's still in early mode now .. shall be more exaggerated later .. maybe
hey michoo did u took any short ?
  • #185,686
  • Jul 23, 2009 3:34pm Jul 23, 2009 3:34pm
Ok
I closed all short positions now with profit! maybe too early?
Thanks all for dropping damn japan pairs! I knew that I did it and I really did it
I only wish that I have more money in account because I could make much more short posiitons from top if I have enough money
ROBOT FOREX
  • #185,687
  • Jul 23, 2009 3:35pm Jul 23, 2009 3:35pm
Quoting warta
hey michoo did u took any short ?
I did but closed too early.
  • #185,688
  • Jul 23, 2009 3:35pm Jul 23, 2009 3:35pm
Quoting bluemax
On multiple screens I actually have ZeroLag MACD in other windows as well. I use 8,34,9 settings. In fact right now, its showig me some very healthy bearish divergence on the 4 hr for G/U. If that drops tonight and U/J can breakdown as well, we could see a nice drop in G/Y too. If I knew how to post a chart, Id post it for you to view.

Have not used it on convergence as yet. Truthfully Im not familiar with that method using MACD.

i only use 5.34.5 that is what bill williams use and every classic divegrence got a bar that is pin bar or any top or bottom reversal signal to go along with the oscillator....RSI is like a cobra snake following every tick of PA before u know it, it will spit in ur face ..
i read about divergence, convergence and confluence ...so i know how they work..
MY OPINION NOT FINANCIAL ADVISE
  • #185,689
  • Jul 23, 2009 3:38pm Jul 23, 2009 3:38pm
just look now among all pairs like GY and EY - UJ is still resisting down but I don't care now because I won't bet on this damn pair any more
ROBOT FOREX
  • #185,690
  • Jul 23, 2009 3:38pm Jul 23, 2009 3:38pm
Quoting malcolmb14
amazon and microsoft both dropped after market sinking the futurtes and gj .... wonder if this weakness will get bought into

looks like that bearish div on 15 min did play out after all
Hey Malcomb,

Are you seeing any volume spikes suggesting buying now?

Thanks,

P.O.P.
  • #185,691
  • Jul 23, 2009 3:39pm Jul 23, 2009 3:39pm
Quoting mktjong
I did but closed too early.
u will have the chance to short it again
  • #185,692
  • Jul 23, 2009 3:40pm Jul 23, 2009 3:40pm
Quoting warta
for the
(The Milky Bar Kid) ppl or whos using this topic lol am not sure if the lovely better volume has repaint with this price action or still giving 158.50 as signal

omg Mr better volume maybe its better if u follow the trend if u dont have a girl friend

u dont have to point hand or address..just ignor anyone that stay on ur way...someone PM me not to leave the room so i decide to stay and do my thing, while i put them on ignor list i got 3 now more names will go down there if u mess with my integrity ...i'll pm u later abt our stuffs..time to bed i am feeling the short ...
MY OPINION NOT FINANCIAL ADVISE
  • #185,693
  • Jul 23, 2009 3:41pm Jul 23, 2009 3:41pm
If H1 closes below 156.43, there is a chance of going further down - 18 more friggin` minutes!
~Bhavik
  • #185,694
  • Jul 23, 2009 3:41pm Jul 23, 2009 3:41pm
Quoting donfriday
i only use 5.34.5 that is what bill williams use and every classic divegrence got a bar that is pin bar or any top or bottom reversal signal to go along with the oscillator....RSI is like a cobra snake following every tick of PA before u know it, it will spit in ur face ..
i read about divergence, convergence and confluence ...so i know how they work..

USE whatever works for you,, MACD works only in Higher time frames..and for slow moving stocks.. good for option Trading.. Not for Forex.. for me..

I WOULD PREFER VOLUME OVER MACD.
As for the target . about to get hit.. and will buy again for Quick scalp.. See what I meant MALCOLMB bY TRICKY.. DIVERGENCE..
Markets are not Random, they are designed!
  • #185,695
  • Jul 23, 2009 3:42pm Jul 23, 2009 3:42pm
Critical level here I think, either we bounce of the trend line, or we break through hit for a further down move.
  • #185,696
  • Jul 23, 2009 3:43pm Jul 23, 2009 3:43pm
Quoting warta
for the
(The Milky Bar Kid) ppl or whos using this topic lol am not sure if the lovely better volume has repaint with this price action or still giving 158.50 as signal

omg Mr better volume maybe its better if u follow the trend if u dont have a girl friend
wtf r you talking about ...... lets see .. why did gj just drop ? well bad earnings from amazon and microsoft .. it touched your entry a few times before that happened you were just lucky.. and fyi trend on daily is up ... not down .

half the time you have no clue wtf you are going on about .. all you do is say indies do not work

I will tell that to my mate who used to be risk analyst programmer for Jp Morgan that has developed highly accurate algorithams using volume and price... he said a few weeks ago he had a bad week .... lol .. a bad week for him using his algorithams was 750,000 !! He unfortuntely will not share them other than thru teamviewer where we are able to see his trades and charts ( very select few)

also fyi I was short before drop due to weakness in background and high volume doji ... about 20 min before drop.

get on with your own trading .... and do not keep spouting a bunch of rubbish about indies do not work and trend is your girlfriend ... and slagging off others that liekly have more trading experience and do equally or even better than you do. It is posters like you that have bought this thread down ....you and the bullshit you write.

The guys over at tradeguider .. well one has spun off to run a 200 million hedge fund .. casue he is a crap trader ? no cuase he knows volume works ... if you really think volume is lagging then man you really are ignorant. Volume is tick by tick..... think about that as soon as a candle ends i know what the volume is telling me. Others that have been with me inb chat room will verify that I get into Gj trade often with only spread as darw down and i call the trades before they happen not after. ....
Blogging daily now at www.volume.zone
  • #185,697
  • Jul 23, 2009 3:49pm Jul 23, 2009 3:49pm
Quoting malcolmb14
wtf r you talking about ...... lets see .. why did gj just drop ? well bad earnings from amazon and microsoft .. it touched your entry a few times before that happened you were just lucky.. and fyi trend on daily is up ... not down .

half the time you have no clue wtf you are going on about .. all you do is say indies do not work

I will tell that to my mate who used to be risk analyst programmer for Jp Morgan that has developed highly accurate algorithams using volume and price... he said a few weeks ago he had a bad week .... lol .. a bad...
as donfriday said , better to ignore some ppl whos tryin to be god anyway mr better volume u did start if u check ur comment and with all my respect am here for a business so i dont have time to read wut u r writing . so have a nice trade and better volume ops i mean better entry
good luck
  • #185,698
  • Jul 23, 2009 3:49pm Jul 23, 2009 3:49pm
Quoting tonycashflow
Critical level here I think, either we bounce of the trend line, or we break through hit for a further down move.
I Think we will see 100% retrace to 155.45 and little below 155.00.

Its a head and shoulder formation as mentioned before.. Lowest I see is 154.30 .. Short every Rise..

Hidden Bearish till Friday Open.

The head is gonna sink lower than the NECK LINE this time,, Think I have SEEN this before...
Markets are not Random, they are designed!
  • #185,699
  • Jul 23, 2009 3:50pm Jul 23, 2009 3:50pm
Quoting bluemax
30 min seems to be creating a H&S with the left shoulder and most of the head already formed. Raza had pointed out a smaller on on the 15min earlier as well which formed the head itself.

If someone could explain how to post a chart Id be happy to do it. Everytime I try the file is too big.

on a poste or reply page click add attachment and search the file from ur system if desktop or any where u save the file ....if mt4 right click and save chart picture and nexk click active chart ...
MY OPINION NOT FINANCIAL ADVISE
  • #185,700
  • Jul 23, 2009 3:52pm Jul 23, 2009 3:52pm
cheers donfriday and have a safe trade aswell
am off now
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