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

  • #194,601
  • Sep 4, 2009 9:41am Sep 4, 2009 9:41am
Quoting Raza
On monthly candle is Fighting with Gann.. candle nor above or below Gann yet.. 5SMA mONTHLY IS AT 154.70 ish..

On Daily Gann at 153.20...50 ema IS at 154.66...Divergence is Bullish ATM.

On 4Hr..Candles Above Gann... 50 ema at 152...

15M is making a Cup..complete Cup at 152.72

I think all the Bullish ness will Happen Before NFP.. at News DOWN... Down..

Cup is Complete...Lets see Handle now... It will Become an Inverted Head and Shoulder..If plays.. 154 is in THE CARDS..
Markets are not Random, they are designed!
  • #194,602
  • Sep 4, 2009 9:46am Sep 4, 2009 9:46am
Quoting msniper
sorry previews chart there was a small mistake in counting but after the news spike all waves are clear now

i believe we will go down little bit only to form WAVE 2 which is a correction WAVE following ABC style and it might be hard to notice with news

but i dont think it will go to 149 again

i belive the circle i draw is the minimum it can go as a retest for DT channel

but even if it go to downit will be acceptable in EW unless the low 149.01 is taken out only by 1pip

so any way are you ready guys for WAVE 3 ?

it will blow lots of...
Area should be 150.30ish.. Not below...imo..
Markets are not Random, they are designed!
  • #194,603
  • Sep 4, 2009 9:53am Sep 4, 2009 9:53am
Quoting ukdaytrader
This is great until you get a whipsaw where both positions are opened before the price veers massively in one direction triggering your TP and then running away from your opposite entry.

There's a reason why traders say don't trade the news.
mojority do i dont
majority dont i do
easy.....
  • #194,604
  • Sep 4, 2009 9:56am Sep 4, 2009 9:56am
Quoting aa.eeiimm
what is the gap between sell and buy limit from the price?
http://www.forexfactory.com/showpost...stcount=194539

1min-news =spike = am short
1min-news =down = am long

but dont do if ur equity r less than 100k n wanna use higher leverage.this is very high risk game
  • #194,605
  • Sep 4, 2009 9:58am Sep 4, 2009 9:58am
Alright guys.. its been fruitful week for me. See you again next week on tokyo session!
Read the entire market, money is made on the main trend not the fluctuation
  • #194,606
  • Sep 4, 2009 10:02am Sep 4, 2009 10:02am
Quoting grashid
http://www.forexfactory.com/search.p...nduser&u=84206

1min-news =spike = am short
1min-news =down = am long

but dont do if ur equity r less than 100k n wanna use higher leverage.this is very high risk game
this is really fast and furious game...
  • #194,607
  • Sep 4, 2009 10:04am Sep 4, 2009 10:04am
Quoting aa.eeiimm
this is really fast and furious game...
  • #194,608
  • Sep 4, 2009 10:08am Sep 4, 2009 10:08am
Quoting malcolmb14
have good weekend all

next week should be interesting after labour day weekend rumoured to have market drop

weekly evening stars on indexes support this
Hey Malc!

Let me get this right, take a look to this chart when you're there, is kinda mark up on Geppy?, I mean volume is declining and price raising, ok?

Chart:

Attached Image (click to enlarge)
Click to Enlarge Name: geppy.gif Size: 23 KB


TIA

Jhon
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #194,609
  • Sep 4, 2009 10:15am Sep 4, 2009 10:15am
Quoting JhonMonsalve
Hey Malc!

Let me get this right, take a look to this chart when you're there, is kinda mark up on Geppy?, I mean volume is declining and price raising, ok?

Chart:

Attachment

TIA

Jhon
it never good for the economy at that number of unemployment rate. I think it will reverse the UT.. It's my 2 cents..
  • #194,610
  • Sep 4, 2009 10:19am Sep 4, 2009 10:19am
Quoting forexlion
now that was too damn accurate !!

bounced right on the 233 fib line 146.25
hi
where i can find this indicator? please let me know.
thanks in advance

happy trading
RIZWAN
  • #194,611
  • Sep 4, 2009 10:21am Sep 4, 2009 10:21am
Quoting A-speculator
it never good for the economy at that number of unemployment rate. I think it will reverse the UT.. It's my 2 cents..
Hey Bro! I hope you're having a great week, my long on GBPCHF work out pretty nice, is near to resistance @1.75xx, I'm planning short there, yep, I'm not interested a lot in the news stuff, just follow my charts, but is very bad for US, thoughts for next week?

Jhon
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #194,612
  • Sep 4, 2009 10:26am Sep 4, 2009 10:26am
Quoting JhonMonsalve
Hey Bro! I hope you're having a great week, my long on GBPCHF work out pretty nice, is near to resistance @1.75xx, I'm planning short there, yep, I'm not interested a lot in the news stuff, just follow my charts, but is very bad for US, thoughts for next week?

Jhon
Well, I short from 152.50 which is 23.6% fibo from previous rally (118 -163). This move can only be confirmed once price closed below 150.80 and never gets above 152 for today session. Hopefully, 4h confirms my bias..
  • #194,613
  • Sep 4, 2009 10:33am Sep 4, 2009 10:33am
Quoting A-speculator
Well, I short from 152.50 which is 23.6% fibo from previous rally (118 -163). This move can only be confirmed once price closed below 150.80 and never gets above 152 for today session. Hopefully, 4h confirms my bias..


Next week looks very interesting, you're short from 50 Ema on 4h TF and daily Gann HiLo, I'll be looking some pips next week, this is done for now

Have a great weekend you all!

Jhon
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #194,614
  • Sep 4, 2009 10:38am Sep 4, 2009 10:38am
[quote=grashid;3024635]http://www.forexfactory.com/showpost...stcount=194539

1min-news =spike = am short
1min-news =down = am long

this is what i do too, nailed in both direction and collected quick 65pips
  • #194,615
  • Sep 4, 2009 10:49am Sep 4, 2009 10:49am
ping pong nfp.....at long last the battle as ended, we face the fact next week..
c ya forks, have a lovely weekend...cheers.
MY OPINION NOT FINANCIAL ADVISE
  • #194,616
  • Sep 4, 2009 10:58am Sep 4, 2009 10:58am
2 charts for the current situation.

price managed to get above 151.95, so for now the bias is (at least theorethically) slightly bullish and the target is daily PVP @ 154.85 area.

on h1 chart you can see that major resistance is @ 151.15 area, and last relevant low is @ 150.80. however, the problem with this configuration is that we haven't really cleared 151.50 area (it was only a spike) and now we have a doji on h4. to put it simple - DOJI at a major resistance area. you do the math.

oh h4 chart, we see a doji at PVP area. !!!!!!!!. price is above h4 PVP, and this is why i said the bias is slightly bullish and next target should be daily PVP @ 154.85.

p.s. by the way, PVP means peak volume price.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: gj_h4.gif Size: 25 KB
Nihil Sine Deo.
  • #194,617
  • Sep 4, 2009 10:58am Sep 4, 2009 10:58am
Quoting msniper
bro you have been selling since 150.50 and then you started selling from 151.50

every time we talk about GJ you bring ES DJ and other effecting stuff

i dont care about them i only read this currency chart i dont care about others

i said that we are reversing and its happending with amazing round buttom

i want you to give me a technical analysis reason that goes against my trade only GJ charts give me for example a pattern with target and SL

trust me bro elliott waves is the strongest analysis tools until now stronger than volume and...
this my chart using gann calculation. i will close half position at 156 area and the other hallf will target at 164 area.
Attached Image (click to enlarge)
Click to Enlarge Name: gj admiral.jpg Size: 230 KB
  • #194,618
  • Sep 4, 2009 11:00am Sep 4, 2009 11:00am
Quoting rem
Mal,
please tell us why do you see a bull trap here ?
Long tails on this candle( upper and lower) do not say anything about buying or selling IMHO.

Thanks

1st 60 min said sellers..... that was high volume up bar that knocked market sideways

then in London price moved up on NO volume ... no volume in markets cannot support up move

then NFP ... 1st down move clear out longs then up move to clear out shorts ....this was done on light volume. As note how price cannot get back above that 151.80 level where we saw 22 hours ago,

also note the up move seems to be a test of supply at 152.75 m, sept 01 highs ... there are for sure sellers.

so when price rips out of res level bulls rush in..... immediately though there was a screaming high volume doji on 5 min at 152.33 that I should have sold into BUT I made a promise to myself not to trade NFP and this week has been a good week for me so no need to waste pips on stupid news moves.

I posted yesterday how to play break outs. The price came right back down and blew thru resistance into test the 151.20 supply area ( this is point of control yesterday and for the last 20 trading sessions also so major zone of demand)

now price has moved up to test that 151.80 zone once more. ...

this will not find true direction till next week

daily vol thurs low and todays vol even lower ... in reality up moves on low volume like this are called no demand . We cannot say price is going to 160 yet as I have seen some calls. In fact when volume comes back to the markets next week this strength may be sold into

If and only if price can get above 153.20 then we could be back in the 153 to 160 channel.

Indexes in US formed weak evenings stars on the weekly charts ... there is some signs of weakness there , but again after the drops of Wednesday this week the volumne died right off

Attached Image (click to enlarge)
Click to Enlarge Name: chf03.gif Size: 21 KB
Blogging daily now at www.volume.zone
  • #194,619
  • Sep 4, 2009 11:05am Sep 4, 2009 11:05am
another thing is that, even if we go to 154.80/155.50, this might be just a test before the big drop. it is coming, you can feel it in the air... but let's not jump the gun.

the important level here is 150.80. below this we are in bear land. or beer land, whatever you prefer.

Quoting Scrat
2 charts for the current situation.

price managed to get above 151.95, so for now the bias is (at least theorethically) slightly bullish and the target is daily PVP @ 154.85 area.

on h1 chart you can see that major resistance is @ 151.15 area, and last relevant low is @ 150.80. however, the problem with this configuration is that we haven't really cleared 151.50 area (it was only a spike) and now we have a doji on h4. to put it simple - DOJI at a major resistance area. you do the math.

oh h4 chart, we see a doji at PVP area. !!!!!!!!....
Nihil Sine Deo.
  • #194,620
  • Sep 4, 2009 11:09am Sep 4, 2009 11:09am
Quoting Scrat
another thing is that, even if we go to 154.80/155.50, this might be just a test before the big drop. it is coming, you can feel it in the air... but let's not jump the gun.

the important level here is 150.80. below this we are in bear land. or beer land, whatever you prefer.

why are u bull now . i thought u asked me what did i see in daily yesterday...u changed ur mind?
MY OPINION NOT FINANCIAL ADVISE
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