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

  • #190,501
  • Aug 21, 2009 7:36am Aug 21, 2009 7:36am
Quoting donfriday
what is the meaning....

just my setiment of this pair atm
"Millionaires don't use astrology, billionaires do"
  • #190,502
  • Aug 21, 2009 7:37am Aug 21, 2009 7:37am
this 4H candle should revealed da real trend..means by da London closed..
IMO
spirit 0f pipping
  • #190,503
  • Aug 21, 2009 7:38am Aug 21, 2009 7:38am
Quoting malcolmb14
maybe you will learn something ... this is mark up

touch 9500 .. then wham down we go .You talk about volumes look at volumes whole move since lows, go back and look at what happened last August abut this time. The pattern now is very similar.declining volumes market moving up etc etc.....

August volumes are lowest all year.Is this due to Summer ? or just lack of interest from pros. Well this time last year we had 200 million , this year barely 150 million same time on daily

This little up move enabled me to add some dxd to rrsp account for...
maybe you're right, man. but look into UJ and EJ @4h. If this 4h candle completed, UJ form perfect bullish divergence. that is very2 dangerous. 4h EJ and UJ if confirmed shows that people are now looking into high yield assets. I think it will drive GJ further up in the coming weeks.
  • #190,504
  • Aug 21, 2009 7:39am Aug 21, 2009 7:39am
Quoting A-speculator
well, let's see will 4h confirms this breakout. why are you fighting this trend? I just don't get it. is it because of ego.. come on man, no one here is 100% right every time..
honestly not because of ego , because I am to scared to go long . I am hitting sells in right place. and making my pips. I got over 100 today just on sell coming out of London and on this up move

IF there are really buyers interested in gj why did it stop still after large up move ? do you walk into dealership and say hey I will give you 50 k for that 20 k car ... or do you try to buy at discount. This is rookie mistake , some are buying herethinking 158 , whereas pros may take advantage of this to add to sell positions

I am just scared to go long ..... does that sound silly ? maybe i will miss some moves but who cares
Blogging daily now at www.volume.zone
  • #190,505
  • Aug 21, 2009 7:40am Aug 21, 2009 7:40am
It will move up higher once it break the recent high...it just stabilize for a while now for profit taking...watch out
  • #190,506
  • Aug 21, 2009 7:44am Aug 21, 2009 7:44am
geppy 8h needs to close at or undr 155.68 or YEN is gonna rally hard
"Millionaires don't use astrology, billionaires do"
  • #190,507
  • Aug 21, 2009 7:44am Aug 21, 2009 7:44am
Quoting A-speculator
maybe you're right, man. but look into UJ and EJ @4h. If this 4h candle completed, UJ form perfect bullish divergence. that is very2 dangerous. 4h EJ and UJ if confirmed shows that people are now looking into high yield assets. I think it will drive GJ further up in the coming weeks.

move is so strong uj it has not even touched yesterdays high ......

Asia killed Uj last night .. was this just mark down or is there really concern that bank of china may have gone nuts on lending 1 trillion this year and that credit maybe be tightened

We will have to wait for next session to see if they use this strength to sell into I would not be to bullish just yet
Blogging daily now at www.volume.zone
  • #190,508
  • Aug 21, 2009 7:44am Aug 21, 2009 7:44am
Quoting malcolmb14
honestly not because of ego , because I am to scared to go long . I am hitting sells in right place. and making my pips. I got over 100 today just on sell coming out of London and on this up move

IF there are really buyers interested in gj why did it stop still after large up move ? do you walk into dealership and say hey I will give you 50 k for that 20 k car ... or do you try to buy at discount. This is rookie mistake , some are buying herethinking 158 , whereas pros may take advantage of this to add to sell positions

I am just scared to go...
maybe that is how you trade. I am so relieve to hear that you still make profit today, I'm imagine that you still swing your position form 154.xx. well, to me it doesn't matter what perspective every individual see the market. to me, how the price move indicate the direction of the market based on s&r as usual. every confirmation is from the 4h chart. Anyway, I have my limit order @ 155.70, doesn't really matter it get fill today or not. I just cannot afford to put any position too far off the support. Good day man..
  • #190,509
  • Aug 21, 2009 7:48am Aug 21, 2009 7:48am
Quoting malcolmb14
move is so strong uj it has not even touched yesterdays high ......

Asia killed Uj last night .. was this just mark down or is there really concern that bank of china may have gone nuts on lending 1 trillion this year and that credit maybe be tightened

We will have to wait for next session to see if they use this strength to sell into I would not be to bullish just yet
yes, patience is always the key. wait for it rather than chasing it. good job malc. anyway, from your previous post, FYI i have been trading for more or less 5 years now. Perhaps I can share something from you too. I guess I called it a day.
  • #190,510
  • Aug 21, 2009 7:52am Aug 21, 2009 7:52am
i just took short at 36 wish me luck
look at usd index now
  • #190,511
  • Aug 21, 2009 7:53am Aug 21, 2009 7:53am
My thoughts are, this will go up no higher than 4h 55sma (dotted pink line). if we close above it, then i will consider going on the bull side. But i beleive this is just fatening up the bulls before the slaughter. I will short my house on this if we touch that 55sma JK.
Attached Image (click to enlarge)
Click to Enlarge Name: 4h gj.gif Size: 18 KB
  • #190,512
  • Aug 21, 2009 7:53am Aug 21, 2009 7:53am
Quoting A-speculator
maybe that is how you trade. I am so relieve to hear that you still make profit today, I'm imagine that you still swing your position form 154.xx. well, to me it doesn't matter what perspective every individual see the market. to me, how the price move indicate the direction of the market based on s&r as usual. every confirmation is from the 4h chart. Anyway, I have my limit order @ 155.70, doesn't really matter it get fill today or not. I just cannot afford to put any position too far off the support. Good day man..
I day trade i would not be selling gj 154.xxx. i sold in asia 155.50 closed 154.5 and resold 155 on test of break down level. I did ok. I posted this before asia and reason it would go down

here is gu chart .... what is difference between 5 min set up gu and gj ? pros selinto strength and buyinto weakness

I sold gu on up move , gj selling off 156.50...working ok for me may test 155.50 breakout level before close if ES profit tkaing happens

Attached Image (click to enlarge)
Click to Enlarge Name: chart350.png Size: 126 KB


Attached Image (click to enlarge)
Click to Enlarge Name: chart351.png Size: 225 KB
Blogging daily now at www.volume.zone
  • #190,513
  • Aug 21, 2009 7:56am Aug 21, 2009 7:56am
Quoting A-speculator
yes, patience is always the key. wait for it rather than chasing it. good job malc. anyway, from your previous post, FYI i have been trading for more or less 5 years now. Perhaps I can share something from you too. I guess I called it a day.
no not saying you are rookie .... i know you are experienced trader. Just alot of rookies make these mistakes. Wonder how many are getting hammered on GU right now after the high volume up move
Blogging daily now at www.volume.zone
  • #190,514
  • Aug 21, 2009 7:57am Aug 21, 2009 7:57am
Looks like the move could be coming for Geppy guys.

Like Malc and 5ysfx, Im a bear. A big grizzly one.

Ive been shorting oil and cable... Looks like one hell of a 4hr pin on that...
  • #190,515
  • Aug 21, 2009 7:59am Aug 21, 2009 7:59am
Another observation for you guys to think about....

Based upon activity around the monthly options expiry dates in the US on the 3rd Friday of each month..

there are 2 basic strats...

Strategy 1

Go Long on the friday close before the options expiry (ie the 2nd friday of the month)

Close this long on the following thursday...

since Jan-00:-
Points: 2470
Trades: 69
Wins: 40 (58%)

Strategy 2

Go Short on the the close this thursday, ie the day before options expiry, and close on the following monday's close.

Since Jan-00:-
Points: 3502
Trades: 69
Wins: 44 (64%)

Interesting that this pattern, especially on the short side has held up since 1928, judging by the equity curves. Overall the Short pattern has generated 4,612 points since 1928, even though the index has climbed approx 11,000 points since then.

Good Luck GeppyG
Let Price determine your future!
  • #190,516
  • Aug 21, 2009 8:03am Aug 21, 2009 8:03am
one last obsevation, looking at 4h chart, we still failed to make a higher high evan with this up move. a break above this 55sma will make it a higher high.
Attached Image (click to enlarge)
Click to Enlarge Name: 4h gj.gif Size: 15 KB
  • #190,517
  • Aug 21, 2009 8:07am Aug 21, 2009 8:07am
Quoting Rocket!
Looks like the move could be coming for Geppy guys.

Like Malc and 5ysfx, Im a bear. A big grizzly one.

Ive been shorting oil and cable... Looks like one hell of a 4hr pin on that...

we could be setting up in a 300 pip wide channel 156.7 to 153.50

todays volume on 60 min is highest of all july and august YET we cannot touch yesterdays high yet. I suggest sellers hitting gj on this strength. All depends if buyers can absorb them or not

I am happy with my 156.45 sell
Blogging daily now at www.volume.zone
  • #190,518
  • Aug 21, 2009 8:11am Aug 21, 2009 8:11am
Quoting malcolmb14
I day trade i would not be selling gj 154.xxx. i sold in asia 155.50 closed 154.5 and resold 155 on test of break down level. I did ok. I posted this before asia and reason it would go down

here is gu chart .... what is difference between 5 min set up gu and gj ? pros selinto strength and buyinto weakness

I sold gu on up move , gj selling off 156.50...working ok for me may test 155.50 breakout level before close if ES profit tkaing happens

Attachment

Attachment
Well, to tell you the truth, I never used 5 min chart. my setup are always based on 4h or sometimes 1h. Now, talking about GU, if you look the overall strength of pound, let's focus on GU first, in 4h you can see that it is forming a flat top triangle. I don't suggest that it will break to the upside but normally a flat top triangle will break to the upside. Now looking into GBPCHF, i use this pair because swiss is always being a stable currency (safe haven). If you look into 4h, you can see that it's already at the support. It is not normal support, but it is now at the cluster support. Back to 4h, GBPCHF, you can see a reversal pattern. So, I think eventually, pound will gain strength as you can see people are started to sell pound, now where will they invest? Perhaps a high yield assets sounds good.. good luck bro.. see you guys next time. bye and sorry for my bad english.
  • #190,519
  • Aug 21, 2009 8:11am Aug 21, 2009 8:11am
Quoting malcolmb14
we could be setting up in a 300 pip wide channel 156.7 to 153.50

todays volume on 60 min is highest of all july and august YET we cannot touch yesterdays high yet. I suggest sellers hitting gj on this strength. All depends if buyers can absorb them or not

I am happy with my 156.45 sell
I don't know if you noticed but you just reached your 10,000 post (dang that's a lot, he he)...
  • #190,520
  • Aug 21, 2009 8:12am Aug 21, 2009 8:12am
Quoting malcolmb14
we could be setting up in a 300 pip wide channel 156.7 to 153.50

todays volume on 60 min is highest of all july and august YET we cannot touch yesterdays high yet. I suggest sellers hitting gj on this strength. All depends if buyers can absorb them or not

I am happy with my 156.45 sell
I saw that Mal, very high vol on 1 hr chart
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