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

  • #193,221
  • Sep 1, 2009 9:06am Sep 1, 2009 9:06am
Quoting alearner
Well done. I admire your knowledge and planning. I don't know why you dont get as much credit as you deserve around here. Well anyway I really appreciate your posts.
thanks bro

well i am not here to get credit am here to gain more knowledge from other experts here

but any way i guess its because i started posting EW analysis which is really hard stuff to understand
  • #193,222
  • Sep 1, 2009 9:07am Sep 1, 2009 9:07am
Quoting Agaba130
@ Eulogy/OrionsWay Market depth,

Can you direct me to where I can get info on how to use this. My broker provides it, I think...

Thanks

non to be had bro, and if they do its only a few tics above below so not worth anything. If u work at a large bank like JP Morgan u see it alllllll, hack their system and profit large LOL
"Millionaires don't use astrology, billionaires do"
  • #193,223
  • Sep 1, 2009 9:09am Sep 1, 2009 9:09am
hueyy .. ~150 pips just like that ..
  • #193,224
  • Sep 1, 2009 9:10am Sep 1, 2009 9:10am
Quoting OrionsWay
non to be had bro, and if they do its only a few tics above below so not worth anything. If u work at a large bank like JP Morgan u see it alllllll, hack their system and profit large LOL
So the closest we can get to mkt depth is using volume?
Tks
  • #193,225
  • Sep 1, 2009 9:11am Sep 1, 2009 9:11am
as far as i can see news spike didn't come with much more than average volume
  • #193,226
  • Sep 1, 2009 9:11am Sep 1, 2009 9:11am
ok so it looks like we didn't get through 150.. i'm somewhat surprised if not shocked at the bounce. thanks for posting earlier Malc.. I had went to sleep and just noticed your great reply. above 153.12 looks to be a turning point. same strategy as before if we get above 153.12 it's a pivot point and will put us above important 1hrly moving averages if it holds. else we still have some room to the downside. still has that bearish feel especially with the weekness shown in equities. nonetheless the dow is now back above 9500 which is an obvious key level. if it holds there's still some chance for bullishness for equities although that doesn't mean equities will rally abroad the globe because of dow but it has to happen for bulls to stay confident. obviously the US still plays a major global confidence factor. the key question is when and if will dow jones 10k ever occur. i think the dow will go down before going up and will bring down global equities / global confidence then go back up to 10k plus. but probably sub 9300 before it makes bigger moves.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #193,227
  • Sep 1, 2009 9:11am Sep 1, 2009 9:11am
Quoting OrionsWay
non to be had bro, and if they do its only a few tics above below so not worth anything. If u work at a large bank like JP Morgan u see it alllllll, hack their system and profit large LOL
Heck, open your own brokerage and become the middle man.
  • #193,228
  • Sep 1, 2009 9:12am Sep 1, 2009 9:12am
Am placing short orders below the rising price. Great opportunity to short at a higher price IMO.

News is very rarely a lasting price defining thing. We were falling back to 150 for a reason....

EDIT: Closed shorts on the quick move back down.
More orders will be placed if price retraces up again...
  • #193,229
  • Sep 1, 2009 9:14am Sep 1, 2009 9:14am
@ Eulogy/OrionsWay Market depth,

Can you direct me to where I can get info on how to use this. My broker provides it, I think...

Thanks
  • #193,230
  • Sep 1, 2009 9:20am Sep 1, 2009 9:20am
Quoting msniper
thanks bro

well i am not here to get credit am here to gain more knowledge from other experts here

but any way i guess its because i started posting EW analysis which is really hard stuff to understand
Hello msniper,
You are doing a great job my friend,I`ve been following your wave analysis for a while and I want to tell you that I`m impressed with your knowledge.Please keep sharing your experience with us , you may not realize how much you are helping those of us with less experience.Thank you and happy trading .
I`ve been wrong before,and I may be wrong again.
  • #193,231
  • Sep 1, 2009 9:20am Sep 1, 2009 9:20am
Quoting Agaba130
@ Eulogy/OrionsWay Market depth,

Can you direct me to where I can get info on how to use this. My broker provides it, I think...

Thanks
brokers may provide this as a premium service for equity, options, warrants and sometimes futures contracts. Something that has a centralized clearinghouse which is able to see all the orders from every broker participating in the market.

FX is completely different. There is no central hub, any possible tick data that you may receive from a broker is due only to the order flows from that particular broker only. In essence you don't know whats happening everywhere else around the world and the data you receive is incomplete and usually unreliable in making a trade
  • #193,232
  • Sep 1, 2009 9:21am Sep 1, 2009 9:21am
Quoting ukdaytrader
Am placing short orders below the rising price. Great opportunity to short at a higher price IMO.

News is very rarely a lasting price defining thing. We were falling back to 150 for a reason....

EDIT: Closed shorts on the quick move back down.
More orders will be placed if price retraces up again...
the move up was as crazy as the move down. there's starting to be some good volatility.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #193,233
  • Sep 1, 2009 9:22am Sep 1, 2009 9:22am
Pending home sales figure is giving me the odd eye.

Seasonally adjusted figures: +3.2%
Seasonally unadjusted figures: -7.4%

WTF?
  • #193,234
  • Sep 1, 2009 9:22am Sep 1, 2009 9:22am
New York .. New Yorkkkkkkk .. what can I say .. u always make people's head spinning ..
  • #193,235
  • Sep 1, 2009 9:24am Sep 1, 2009 9:24am
Quoting Eulogy
brokers may provide this as a premium service for equity, options, warrants and sometimes futures contracts. Something that has a centralized clearinghouse which is able to see all the orders from every broker participating in the market.

FX is completely different. There is no central hub, any possible tick data that you may receive from a broker is due only to the order flows from that particular broker only. In essence you don't know whats happening everywhere else around the world and the data you receive is incomplete and usually unreliable...
the way i understood it is the larger players control the price. so it's basically an average of what the going rate is between these major players or rather what they can provide at a liquid rate so to speak. and right no central hub just a going rate like at a gas station. in this case the broker is the gas station that sets it's price..
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #193,236
  • Sep 1, 2009 9:28am Sep 1, 2009 9:28am
20 mins for eating time here i will close my long soon because i can't stay and watch i have to go eat. but my view is still up as long 6175 is holding

if we close above 6241 in 30mins its a good sign
  • #193,237
  • Sep 1, 2009 9:28am Sep 1, 2009 9:28am
hmmm dont know what the hell to do now. pound should continue its down move and go right back to 150.50 at least, but im not convinced after these big jumps, it might go flying up to 153 or something first.
  • #193,238
  • Sep 1, 2009 9:29am Sep 1, 2009 9:29am
Quoting Sunny66
So the closest we can get to mkt depth is using volume?
Tks

yes look cable 1m u see the hi vol up in down market

not hard to see there were selling orders perched there

Look here on daily, not hard to see the intrest in whats wanting to take place
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"Millionaires don't use astrology, billionaires do"
  • #193,239
  • Sep 1, 2009 9:34am Sep 1, 2009 9:34am
everythings gone.........hit my sl......damm...wtf pa atm
  • #193,240
  • Sep 1, 2009 9:37am Sep 1, 2009 9:37am
Quoting Eulogy
Pending home sales figure is giving me the odd eye.

Seasonally adjusted figures: +3.2%
Seasonally unadjusted figures: -7.4%

WTF?

what ..... wow talk about made up data .... so what does seasonally adjusted mean
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