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

  • #190,161
  • Aug 20, 2009 10:50pm Aug 20, 2009 10:50pm
Quoting sinner-
Woohoo that was much quicker than I expected.

Gotta love the M1, telegraphs the moves right before they happen.

Exit short early at 6460 +21 pips.

That's it for me today folks, +13, +12 and +21 is many pips for a Melbourne Friday, I don't drink beer but that is my weed money for the weekend and if I want it in my bank account by tomorrow morning I've only got 30 mins to transfer from my broker

Good luck for those hanging around for the rest of Tokyo. I am off to get some lunch, then finish work for the day and then it's the weekend wooooo!...

yeah ..
watch out today MATE,..

Friday.. PUB time...
  • #190,162
  • Aug 20, 2009 10:52pm Aug 20, 2009 10:52pm
Quoting hwsv07
any reason for that. or was it just market madness?
volume for the past 3 days has been severely low volume.
Don't really know what the cause but the chart was/is bearish, as u mentioned low volume on uptrend can't sustain. Malcolmb has a good analysis about VSA.
  • #190,163
  • Aug 20, 2009 10:59pm Aug 20, 2009 10:59pm
Not celebrating till we break this trend line
Attached Image (click to enlarge)
Click to Enlarge Name: 1h gj.gif Size: 25 KB
  • #190,164
  • Aug 20, 2009 11:00pm Aug 20, 2009 11:00pm
Quoting hwsv07
any reason for that. or was it just market madness?
volume for the past 3 days has been severely low volume.

yeah i had my sell order at 155.60 for a nice 5K
  • #190,165
  • Aug 20, 2009 11:00pm Aug 20, 2009 11:00pm
Quoting mktjong
Don't really know what the cause but the chart was/is bearish, as u mentioned low volume on uptrend can't sustain. Malcolmb has a good analysis about VSA.
don't be so sure the down move can sustain, my friend. As long as the price stays above 61% fibo (153.25) the down move is not confirm yet.
  • #190,166
  • Aug 20, 2009 11:01pm Aug 20, 2009 11:01pm
Quoting bill77
Not celebrating till we break this trend line
nop batka.. up we go now..
154.40- 155.00 retrace,,

it is a descending wedge.. but the breakout is near.. I hope you are still holding your shorts
  • #190,167
  • Aug 20, 2009 11:05pm Aug 20, 2009 11:05pm
Quoting bill77
Not celebrating till we break this trend line
this is a wave 1 of major 3 and wedge will be broken
check cable last year when cut similar pattern arround 1.9200

and we got a winner
  • #190,168
  • Aug 20, 2009 11:07pm Aug 20, 2009 11:07pm
Quoting Piters
nop batka.. up we go now..
154.40- 155.00 retrace,,

it is a descending wedge.. but the breakout is near.. I hope you are still holding your shorts
Actualy batka got out on the trend line touch. Will look to enter again though up higher (hopefuly a retest of daily s1) and incase it sinks again in a blink of an eye, i have an order just below the trend line. But its short or nothing. forgeting about byeing. By the way,Thanks for all your help bro.
  • #190,169
  • Aug 20, 2009 11:07pm Aug 20, 2009 11:07pm
this is going much faster than expected

forget 152.5 ... carries on like this we see 150 in US session

futures are getting hammered

The US traders knew this was coming down the wires .. that is why we did not move up much today and the selling off 155.5 worked so well

I love vsa
Blogging daily now at www.volume.zone
  • #190,170
  • Aug 20, 2009 11:13pm Aug 20, 2009 11:13pm
Quoting A-speculator
don't be so sure the down move can sustain, my friend. As long as the price stays above 61% fibo (153.25) the down move is not confirm yet.
we have not even had gu join the party yet ... that should test weeks lows and will liekly do so during London . This is about 100 pip lower gu taking gj down into 152 zone.

Then we have options expiry tomorrow and with lowest volume on dj today for whole year on an up bar it will move down as millions of sells hits the market , gj 151 maybe 150

that is how next 24 hours is going to play out
Blogging daily now at www.volume.zone
  • #190,171
  • Aug 20, 2009 11:14pm Aug 20, 2009 11:14pm
Quoting malcolmb14
this is going much faster than expected

forget 152.5 ... carries on like this we see 150 in US session

futures are getting hammered

The US traders knew this was coming down the wires .. that is why we did not move up much today and the selling off 155.5 worked so well

I love vsa
Nice job Mal, I always watch and pay attention to your posts/charts
  • #190,172
  • Aug 20, 2009 11:14pm Aug 20, 2009 11:14pm
Quoting mktjong
Don't really know what the cause but the chart was/is bearish, as u mentioned low volume on uptrend can't sustain. Malcolmb has a good analysis about VSA.

sup bro
  • #190,173
  • Edited Aug 21, 2009 12:32am Aug 20, 2009 11:14pm | Edited Aug 21, 2009 12:32am
Quoting Piters
nop batka.. up we go now..
154.40- 155.00 retrace,,

it is a descending wedge.. but the breakout is near.. I hope you are still holding your shorts
Piter Possible fake out / break out...of the Daily Lower trendline to trap sellers at 152.53-56.. that is 23% fib of 118 - 163.. Buying opportunity.. Last time we reached 38%.. 147.. in a hurry..

151.51 Or 150.59..another buying opp..

Its the Pattern not the VSA... or anything..lol

Daily could Become a Bullish Hammer.. havingsaid that it should go lower...NY comes Surprise. should close at or above 155.50.. to be

bullish Next week.. all depends on todays Candle..dont worry about the trendline... we can make another one...

This is No doubt this is a Descending Wedge.. which sooner than later will break to the UPSIDE..

We have seen G/j run 500 pips last 4 hours of trading during double witching HOUR..

I am going long from 152.52-152.92-153.00- with proper MM.

GOOD LUCK shorters...
Markets are not Random, they are designed!
  • #190,174
  • Aug 20, 2009 11:16pm Aug 20, 2009 11:16pm
Quoting warta
sup bro
tired bro, need to go bed soon
  • #190,175
  • Aug 20, 2009 11:21pm Aug 20, 2009 11:21pm
Quoting malcolmb14
we have not even had gu join the party yet ... that should test weeks lows and will liekly do so during London . This is about 100 pip lower gu taking gj down into 152 zone.

Then we have options expiry tomorrow and with lowest volume on dj today for whole year on an up bar it will move down as millions of sells hits the market , gj 151 maybe 150

that is how next 24 hours is going to play out
nice analysis bro! by the way,how and where do u get the information abt the expiry date for options? thanks and keep it coming!!!
  • #190,176
  • Aug 20, 2009 11:22pm Aug 20, 2009 11:22pm
Quoting mktjong
tired bro, need to go bed soon

lol yeah , r u gona leave the grrn pips and go to sleep ? am sure u jokin
  • #190,177
  • Aug 20, 2009 11:22pm Aug 20, 2009 11:22pm
..am hedge 2 lot (10 sen each) while waiting London 154.70 n then sell limit again @ 154.80/90
  • #190,178
  • Aug 20, 2009 11:23pm Aug 20, 2009 11:23pm
Quoting malcolmb14
we have not even had gu join the party yet ... that should test weeks lows and will liekly do so during London . This is about 100 pip lower gu taking gj down into 152 zone.

Then we have options expiry tomorrow and with lowest volume on dj today for whole year on an up bar it will move down as millions of sells hits the market , gj 151 maybe 150

that is how next 24 hours is going to play out
Maybe you right, but before I see the price close below 153.25, I'm not comfortable to short, just to be on the safe side. I won't speculate the direction of the price, I just trigger simply based on S&R. Anyway, thanks for the info..
  • #190,179
  • Aug 20, 2009 11:26pm Aug 20, 2009 11:26pm
Quoting fxking
nice analysis bro! by the way,how and where do u get the information abt the expiry date for options? thanks and keep it coming!!!
Its the third friday of every month
  • #190,180
  • Aug 20, 2009 11:27pm Aug 20, 2009 11:27pm
Quoting fxking
nice analysis bro! by the way,how and where do u get the information abt the expiry date for options? thanks and keep it coming!!!
last hour of every 3rd friday of the month is options expiry

last hour of every 3rd friday of every 3rd month (Mar, Jun, Sep, Dec) is stock options expiry, index options expiry and index futures expiry - commonly called triple witching hour. very volatile times
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