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

  • #192,821
  • Aug 31, 2009 10:13am Aug 31, 2009 10:13am
momentum is still for upside. slight resistance at 151.40 but no strong sell off. should go higher to 152.00.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #192,822
  • Aug 31, 2009 10:23am Aug 31, 2009 10:23am
I am looking for what volume is going to tell me in the 151.80ish area. hr1 50ema and 50% retrace. For those looking for a gap fill if you calculate daily candels we already filled gap. friday low was 14 todays high 17. Just a couple things to consider.
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Price does what price wants , I just need to be prepared.
  • #192,823
  • Aug 31, 2009 10:28am Aug 31, 2009 10:28am
bearish div on m5 right below m15 ema200
shouldnt go higher than 15160
  • #192,824
  • Aug 31, 2009 10:33am Aug 31, 2009 10:33am
Quoting england33
momentum is still for upside. slight resistance at 151.40 but no strong sell off. should go higher to 152.00.
odd day .. liekly caused by London being on vacation

there is no strong sell off but there are sellers at 151.40 however there are also no solid buyers

there was buying as gu took off to 1.6300 but that quickly faded , as oil dropped ., not often oil and usd go in the opposite direction .. really odd

I suggest that the pros are using the low volume conditions today on GU and eu to mark up prices....we know what that means. Expect drop of both these in London tonight

Gj has had no volume on the buy side .. not much in the way of buying pressure at all.

been a very odd day.There are now bear div 15 min , 30 min and 1 hour rsx .

wonder what China is going to throw at us today +10 % or a continuation of the down move of yesterday ? If that happens at this point we could see 151.40 holding and a 150 test during asia

if China indexs take a breather then yes the 151,40 level has to be watched for a 61.,8 % reatrcement to 152.20.

I am still favouring sell rallies and shorted it off 151.45 for move to 151.10 and am now waiting for next short scalp . In asia i will be looking for any sign of mark up before China opens , the hting to look for on mark up is low volume , maybe 151.50 and hopefully as you said 152 , that would be nice sell zone
Blogging daily now at www.volume.zone
  • #192,825
  • Aug 31, 2009 10:35am Aug 31, 2009 10:35am
Quoting Sam209a
Maks --- you may find this web link helpful http://www.informedtrades.com/trades.php?page=forex2
Thanks for the link Sam209a! It is realy good. I got tech analysis book today by Jack Schwager. Also very good.
  • #192,826
  • Aug 31, 2009 10:45am Aug 31, 2009 10:45am
short 15140 TP 15050
  • #192,827
  • Aug 31, 2009 10:56am Aug 31, 2009 10:56am
Quoting Maks
Thanks for the link Sam209a! It is realy good. I got tech analysis book today by Jack Schwager. Also very good.
the best book i read and only one you really need is technical analysis of the financial markets by John Murphy

really understand fibs both extension and retracements , support and resistance levels and some candle patterns , that is all you really need

if you are a new trader the more you read the more you will become confused . There are over 400 indicators out there.

keep it simple.
Blogging daily now at www.volume.zone
  • #192,828
  • Aug 31, 2009 10:56am Aug 31, 2009 10:56am
Quoting UncleSam123
Buy GBP/JPY @ 150.82 Open Stop Loss Target 152.00
Buy GBP/USD @ 1.6220 Open Stop Loss Target 1.6300
GBP/USD +80
GBP/JPY Put Stop Loss To Brake Even, still waiting for 152.00
  • #192,829
  • Aug 31, 2009 11:05am Aug 31, 2009 11:05am
[quote=malcolmb14;3009029]the best book i read and only one you really need is technical analysis of the financial markets by John Murphy

really understand fibs both extension and retracements , support and resistance levels and some candle patterns , that is all you really need

if you are a new trader the more you read the more you will become confused . There are over 400 indicators out there.

keep it simple.[/]

Thanks for advise Malcolmb. Could you also advise what european indexes have the greatest impact on euro? German and French? I have impression Germany has greatest impact.
  • #192,830
  • Aug 31, 2009 11:05am Aug 31, 2009 11:05am
Quoting 5ysfx
short 15140 TP 15050
Not sure if its ready to go down to 150.50 yet
Could be wrong though
  • #192,831
  • Edited 11:24am Aug 31, 2009 11:07am | Edited 11:24am
anyone who need books can click on the names...automatically download





http://fx1618.com/books.html
MY OPINION NOT FINANCIAL ADVISE
  • #192,832
  • Aug 31, 2009 11:10am Aug 31, 2009 11:10am
Quoting malcolmb14
the best book i read and only one you really need is technical analysis of the financial markets by John Murphy


keep it simple.
Malcolmb, is it tech analysis of financial markets or futures markets?
I found the book, but its name is tech analysis for futures markets. Is it the same? (could be wrong translation of the name of the book)
  • #192,833
  • Aug 31, 2009 11:12am Aug 31, 2009 11:12am
Quoting donfriday
[font=MS Reference Sans Serif]anyone who need books can click on the names...automatically download


Donfriday you knocked me out lol. Thanks!
  • #192,834
  • Aug 31, 2009 11:16am Aug 31, 2009 11:16am
awesome don .... nice collection . The fib section is good ...

Quoting donfriday
anyone who need books can click on the names...automatically download





Robert C. Miner - Dynamic Trading


Getting An Investing Game Plan - Creating It Working It Winning It


[FONT=MS Reference...
Blogging daily now at www.volume.zone
  • #192,835
  • Aug 31, 2009 11:16am Aug 31, 2009 11:16am
Did you read any of these books or you are trying to confuse the newbies..

Trade your charts and follow the trend..

KISS -Keep it Simple Stupid..




Quoting donfriday
anyone who need books can click on the names...automatically download





Robert C. Miner - Dynamic Trading


[font=MS Reference Sans Serif][url="http://fx1618.com/books/Getting%20An%20Investing%20Game%20Plan%20-%20Creating%20It%20Working%20It%20Winning%20It.zip"]Getting An Investing Game Plan - Creating It Working It...
[
  • #192,836
  • Aug 31, 2009 11:21am Aug 31, 2009 11:21am
Quoting Maks
Malcolmb, is it tech analysis of financial markets or futures markets?
I found the book, but its name is tech analysis for futures markets. Is it the same? (could be wrong translation of the name of the book)

http://www.amazon.com/Technical-Anal.../dp/0735200661
Blogging daily now at www.volume.zone
  • #192,837
  • Aug 31, 2009 11:22am Aug 31, 2009 11:22am
Quoting rgitt05
Did you read any of these books or you are trying to confuse the newbies..

Trade your charts and follow the trend..

KISS -Keep it Simple Stupid..


hehehe Bros, u step on me like this..all the same u still my fan..
if i did not read any of the book why was i looking for the site....i dont need all the books but i have read abt 5 from that books even i am still reading one i will soon complet....


trend is your friend ...
MY OPINION NOT FINANCIAL ADVISE
  • #192,838
  • Aug 31, 2009 11:23am Aug 31, 2009 11:23am
Quoting donfriday
anyone who need books can click on the names...automatically download





Robert C. Miner - Dynamic Trading


Getting An Investing Game Plan - Creating It Working It Winning It


[FONT=MS Reference...
my goodness!! u open bookshop?? u have so many books link here....lol
  • #192,839
  • Aug 31, 2009 11:24am Aug 31, 2009 11:24am
shampoo on 5 sec TF
  • #192,840
  • Aug 31, 2009 11:25am Aug 31, 2009 11:25am
Quoting fxking
my goodness!! u open bookshop?? u have so many books link here....lol

i open brain shop..
MY OPINION NOT FINANCIAL ADVISE
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