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

  • #187,741
  • Aug 6, 2009 11:57am Aug 6, 2009 11:57am
Quoting malcolmb14
OK boys lets use bad retail numbers to push the indexes down ...

then the bears will think that s&p resistance 1000 is it. They will think that NFP is bad due to adp report.

Then tomorrow , when nfp beats expectations we got in long today on discount and can jam it up the bears rear end....
now that's what I call a game plan!!
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #187,742
  • Aug 6, 2009 12:00pm Aug 6, 2009 12:00pm
Quoting ewokuk
better to try and short it before it gets too close to 160. that way if it bounces off 160 again you can get out with small profit, if it falls through then you can have a stop in profit above the 160 resistance if it tries to come back up, so less chance of being taken out.

at least thats what im trying and it looks like it just paid off. shortted at 160.30, sl at +5 now. hoping it breaks 160 this time, if not i bagged 5 and might get a short from higher up.

edit: seems not ready to break yet, bagged 15 anyway.
My long is at 160.04 and my stop at 159.85. I only risk 20 pips, it bounced off 160 on daily 2 days ago so i take a shot, no short here till break of 160 confirmed
  • #187,743
  • Aug 6, 2009 12:00pm Aug 6, 2009 12:00pm
Quoting donfriday
it seems buyers sitting 159....low volume...what u think....lol i'm playing with volume

160 not 159 ....

that is support right now i am selling rallies still on 5
Blogging daily now at www.volume.zone
  • #187,744
  • Aug 6, 2009 12:07pm Aug 6, 2009 12:07pm
one big money fat cat to another, "yeah, that easement news worked perfectly, now its back down at the bottom of the range, i think i'll just bounce it of 160 for a few hours then dip it below for a minute then click the buy orders <evil laugh>"
  • #187,745
  • Aug 6, 2009 12:11pm Aug 6, 2009 12:11pm
Quoting malcolmb14
160 not 159 ....

that is support right now i am selling rallies still on 5
Agreed, the current support @160.00 area. THinking to go long from here for small pips .. not sure yet tho
What do u think, Mal? Thanks.
  • #187,746
  • Aug 6, 2009 12:23pm Aug 6, 2009 12:23pm
Hay malcomb, i'm no volume expert, but isn't this range accumulation from 160 to 162.5?
  • #187,747
  • Aug 6, 2009 12:23pm Aug 6, 2009 12:23pm
Quoting cullian
Hay malcomb, i'm no volume expert, but isn't this range accumulation from 160 to 162.5?

or is it distribution form 162.5 to 160 ? for drops to 110 ?
Blogging daily now at www.volume.zone
  • #187,748
  • Aug 6, 2009 12:23pm Aug 6, 2009 12:23pm
testing the low -------
Well--dow is finding buyers--that oughta help geppy
  • #187,749
  • Aug 6, 2009 12:26pm Aug 6, 2009 12:26pm
Quoting malcolmb14
or is it distribution form 162.5 to 160 ? for drops to 110 ?
What would be the tell-tale sign?
  • #187,750
  • Aug 6, 2009 12:27pm Aug 6, 2009 12:27pm
Quoting mktjong
Agreed, the current support @160.00 area. THinking to go long from here for small pips .. not sure yet tho
What do u think, Mal? Thanks.

it is bouncing off 160 , but trend is down for day , not to day , not to say this thing will not bounce to 161 or 161.5. The safe things is to sell rallies even if you do miss the up move.

Attached Image (click to enlarge)
Click to Enlarge Name: ym604.png Size: 146 KB
Blogging daily now at www.volume.zone
  • #187,751
  • Aug 6, 2009 12:31pm Aug 6, 2009 12:31pm
Quoting malcolmb14
it is bouncing off 160 , but trend is down for day , not to day , not to say this thing will not bounce to 161 or 161.5. The safe things is to sell rallies even if you do miss the up move.

Attachment
I'm already on the long train, is that traderguider or esignal chart?
  • #187,752
  • Aug 6, 2009 12:32pm Aug 6, 2009 12:32pm
Quoting malcolmb14
it is bouncing off 160 , but trend is down for day , not to day , not to say this thing will not bounce to 161 or 161.5. The safe things is to sell rallies even if you do miss the up move.

Attachment
That's right, as am thinking it would bounce back to 161 area and sell from there again. Eventhough I know the day trend is down, buy from here to catch that bounce
Thanks.
  • #187,753
  • Aug 6, 2009 12:33pm Aug 6, 2009 12:33pm
Quoting malcolmb14
it is bouncing off 160 , but trend is down for day , not to day , not to say this thing will not bounce to 161 or 161.5. The safe things is to sell rallies even if you do miss the up move.

Attachment
on that chart, is it sellers losing interest.....or is it simply the market closing down late on a thursday with a lot of traders already gone home?
  • #187,754
  • Aug 6, 2009 12:34pm Aug 6, 2009 12:34pm
Quoting cullian
I'm already on the long train, is that traderguider or esignal chart?
i admire you cullian--cause the upthrust on TF30 was brutal
today(leading the downtrend)--you better have fast fingers if you are
now---
  • #187,755
  • Aug 6, 2009 12:38pm Aug 6, 2009 12:38pm
Hi Malcolm

Been doing this vsa thing for 2 weeks now, I really like it. I've actually made some solid money with it!

If you would like to tell me, how did you start out on vsa did you just read mtm alot. And looked at charts all the time?

Thanks
  • #187,756
  • Aug 6, 2009 12:42pm Aug 6, 2009 12:42pm
Quoting taomql4
i admire you cullian--cause the upthrust on TF30 was brutal
today(leading the downtrend)--you better have fast fingers if you are
now---
I've got stop and limit orders
  • #187,757
  • Edited 1:00pm Aug 6, 2009 12:44pm | Edited 1:00pm
Quoting malcolmb14
160 not 159 ....

that is support right now i am selling rallies still on 5
i think daily is trying to confirm evening star......

Hey FF whats going on...u moderate me..hope this is not technical issue from ur end there...
Attached Image (click to enlarge)
Click to Enlarge Name: Chart1.PNG Size: 35 KB
MY OPINION NOT FINANCIAL ADVISE
  • #187,758
  • Aug 6, 2009 12:52pm Aug 6, 2009 12:52pm
Quoting cullian
I've got stop and limit orders
am waiting to see if supply is gone--preferably on TF5/15--
was quickly absorbed on the DOW t5min--no supply--Geppy is stalling
  • #187,759
  • Aug 6, 2009 12:53pm Aug 6, 2009 12:53pm
someone is moderating me and i don't know how to talk to them to find out what their problem is....... Hello
  • #187,760
  • Aug 6, 2009 12:58pm Aug 6, 2009 12:58pm
Quoting taomql4
am waiting to see if supply is gone--preferably on TF5/15--
was quickly absorbed on the DOW t5min--no supply--Geppy is stalling
I saw decreasing volume as we approached resistance and jumped early, must learn patience, better to wait for market to tell you for sure
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