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

  • #185,741
  • Jul 23, 2009 6:12pm Jul 23, 2009 6:12pm
Quoting Piece Of The Pie
Hey Malcomb,

Do you mind if I ask a dumb question????

Regarding the red volume bar, is that the total buyers and sellers for that time frame? (or since it is red, is it only the sellers?)

Thanks,
the red volume bars on the better volume set up is for wide spread bars on high volume

on a down move these often indicate buyers hitting markets ( hidden buyers and you wait to see reaction) on up move often sellers ...

these bars could be coded any colour you want....

this charts should exlpain more i often enter next bar if opposite direction of wide spread high volume bar

I know i got slagged off about volume and all that but hey it works....

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  • #185,742
  • Jul 23, 2009 6:16pm Jul 23, 2009 6:16pm
Ok closed 3 trades at BE. =5 pips or so.. too risky to be in come back in 6 hours/

Dont know if this can go to 157.80.. this 4hr close. we need 2 40 pip bars.up
Markets are not Random, they are designed!
  • #185,743
  • Jul 23, 2009 6:16pm Jul 23, 2009 6:16pm
see the thing is that MOST traders think high volume bars at s/r are break outs .. often not the case

here is GU 15 min

although warta think volume is lagging in fact if you understand it it will get you in at market tops and bottoms almost to the pip


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  • #185,744
  • Jul 23, 2009 6:21pm Jul 23, 2009 6:21pm
Quoting malcolmb14
the red volume bars on the better volume set up is for wide spread bars on high volume

on a down move these often indicate buyers hitting markets ( hidden buyers and you wait to see reaction) on up move often sellers ...

these bars could be coded any colour you want....

this charts should exlpain more i often enter next bar if opposite direction of wide spread high volume bar

I know i got slagged off about volume and all that but hey it works....

Attachment

Attachment
So, in a down move it first starts with sellers creating the down move and then it puts on the brakes with buyers, thus creating a wide spread high volume bar (W.S.H.V.B.)... I just made that up
  • #185,745
  • Jul 23, 2009 6:26pm Jul 23, 2009 6:26pm
option expiry tomorrow.

Plan seems a little different..

Highest level I anticipate is 158.23. with extension to 159.10 - 159.80 most. Based on Daily chart

OPtion expiry.. Sell from there depending on PA.

Whipsaw in Between all night!!
Markets are not Random, they are designed!
  • #185,746
  • Jul 23, 2009 6:33pm Jul 23, 2009 6:33pm
Quoting Piece Of The Pie
So, in a down move it first starts with sellers creating the down move and then it puts on the brakes with buyers, thus creating a wide spread high volume bar (W.S.H.V.B.)... I just made that up
err kind of ... the market will move down under its own momentum on bad news.

pros will use the bad news to buy at discount ( sell into strength buy into weakness)

what they like to do is buy close to support , so they are not actually in the down move. Instead they are bulls , looking to buy at discount. Once you start to see large volume coming in on down moves close to old support it will often mean buyers are hitting the market the pros that are wanting to buy are now making their move.

Now if we see high volume bars on down moves but we get no reaction ( ie up bar on the next bar) then we kow that buyers are biting but that sellers over powered them
Blogging daily now at www.volume.zone
  • #185,747
  • Jul 23, 2009 6:36pm Jul 23, 2009 6:36pm
Quoting Raza
option expiry tomorrow.

Plan seems a little different..

Highest level I anticipate is 158.23. with extension to 159.10 - 159.80 most. Based on Daily chart

OPtion expiry.. Sell from there depending on PA.

Whipsaw in Between all night!!
Options expiry was last week wasn't it?
  • #185,748
  • Jul 23, 2009 6:36pm Jul 23, 2009 6:36pm
Quoting malcolmb14
err kind of ... the market will move down under its own momentum on bad news.

pros will use the bad news to buy at discount ( sell into strength buy into weakness)

what they like to do is buy close to support , so they are not actually in the down move. Instead they are bulls , looking to buy at discount. Once you start to see large volume coming in on down moves close to old support it will often mean buyers are hitting the market the pros that are wanting to buy are now making their move.

Now if we see high volume bars on down moves but...
here is 3 min signs of buyers off that 156.9 level see the higher vol into 157 on the down moves .. that is buyers on 156.9 zone.

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  • #185,749
  • Jul 23, 2009 6:37pm Jul 23, 2009 6:37pm
Quoting Eulogy
Options expiry was last week wasn't it?
think so third friday of month was last week
Blogging daily now at www.volume.zone
  • #185,750
  • Jul 23, 2009 6:38pm Jul 23, 2009 6:38pm
is it just me or am i seeing an almost textbook broadening top formation here

H4 and H1 chart
  • #185,751
  • Jul 23, 2009 6:39pm Jul 23, 2009 6:39pm
Quoting malcolmb14
err kind of ... the market will move down under its own momentum on bad news.

pros will use the bad news to buy at discount ( sell into strength buy into weakness)

what they like to do is buy close to support , so they are not actually in the down move. Instead they are bulls , looking to buy at discount. Once you start to see large volume coming in on down moves close to old support it will often mean buyers are hitting the market the pros that are wanting to buy are now making their move.

Now if we see high volume bars on down moves but...

Makes sense... Thanks.

If I remember right you are using e-signal with the forex feed. Are there other systems out there worth investigating, or is e-signal the best?
  • #185,752
  • Jul 23, 2009 7:16pm Jul 23, 2009 7:16pm
Quoting malcolmb14
the pros bought into weakness . i got stopped out efforto n short. waiting till tokyo gets rolling in 1 hour,

This could rip up into that upper target i was talking about earlier. The pros just bought the weakness.
ok that 156.80 zone gave me back few pips I lost on short and some . I was short off that.

I am out for the day

the dow theorists are now bullish on the dj .... bear market is over.

I just want to know if that is the case why is the volume so low today for a 2% up day and why are pros not buying..... oh I know cause they want to jam it up the poor retail investors rear ends .....

we have gone up this week 12 % on indexes based on what ???? a few good earnings reports when the earnings expected were pathetic for the leading companies and the banks of the US and goldman sachs paying back tarp 23% return and how tarp is NOT a waste of tax payers money . I am just wondering about the 460 billion or so that has NOT been paid back and the 70 billion or so that has been paid back without any interest ( wasn't bank of america whining about a tarp of a mere 4 million). Oh hold on so far isn't that a loss of 460 billion on 750 billion ? or 61%....so how the hell can the market go up saying that Goldman sachs gave back 23% return (1.4 billion). I smell one big fat bull trap

the end of this Summer is going to get very interesting .....

I am still an overall bear .....just a matter of time.
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  • #185,753
  • Jul 23, 2009 7:19pm Jul 23, 2009 7:19pm
I like this pattern on UJ, expanding diagonal triangle, broadening triangle, nice
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  • #185,754
  • Jul 23, 2009 7:19pm Jul 23, 2009 7:19pm
ok bull flag .. not sure how deep the flag is going ...

156.40 is vwap , 155.80 point of control and high volume pivot 3 days back

follow UTL for breakout later london or even tokyo session (157 ish with target 159 / 160 in us tomorrow if flag break to upside)

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  • #185,755
  • Jul 23, 2009 7:24pm Jul 23, 2009 7:24pm
GU daily, failure of normal 5 target for too strong 3, hold the resistant and could be down.
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  • #185,756
  • Jul 23, 2009 7:27pm Jul 23, 2009 7:27pm
i posted a daily chart yesturday sugesting it would be a bulish day and price could go to the uper trend line. it surpased it by a bit but the main thing is it closed back down below it. It shows me its a bearish sighn. I will not short yet though till i get something on smaller time frame. cheers
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  • #185,757
  • Jul 23, 2009 7:39pm Jul 23, 2009 7:39pm
Previous diagonal in (i) could suggest continuation of trend but with deep retracement, I want to rest from market right now, don't ask me the target cuz it's 2000 pips medium term..contribution to mj.
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  • #185,758
  • Jul 23, 2009 8:44pm Jul 23, 2009 8:44pm
Bullish divergence on 4 hr This time!!!!

This will take some time to Play out..IMO.
Markets are not Random, they are designed!
  • #185,759
  • Jul 23, 2009 8:57pm Jul 23, 2009 8:57pm
Quoting Raza
Bullish divergence on 4 hr This time!!!!

This will take some time to Play out..IMO.
it might play out after we reach 145.95 area which is the target of the inverted cup and handle on 30mins chart

but right now down we go

there is bullish harmonic on 15 mins chart that might take us back to 156.30 to 156.40 area which might be a test for broken nick then we continue diving again
  • #185,760
  • Jul 23, 2009 9:09pm Jul 23, 2009 9:09pm
Quoting england33
What's up!
..now here u r...after some last crisis with somebody....mmm..hows doing mate.....happy to see u back....
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