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

  • #194,621
  • Sep 4, 2009 11:13am Sep 4, 2009 11:13am
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

[b]trust me bro elliott waves is the strongest analysis tools until now stronger than volume...
do not forget I day trade.....I have been short gu since 1.6950 with target1.5500 and lower by Nov this year.

so now prices can move up without volume supporting the move ? is that what you are saying ? there is not volumeo n daily ... this is mark up. simple.

Also everything you read on ew says it is very subjective ..... so how can it be best analysis. There is one exprt on it .i will look him up on weekend that underperformed s&p last 2 years using ew based on calls in his news letter.

vsa never lies ..... never. it showed the buyers at 149 , but for me daily is still down and i believe this is mark up. due to lack of volume in the markets... kind of like a rocket at about 2000 ft about to run out of fuel.

I am establishing short position .... selling 100 lots increments 150.50 , 151.50 etc unless volume tells me otherwise. My day trading is offsetting the draw down as the short positons are only 1 lot at a time.

until i see volume on daily say otherwise this is going down ...

lol omg look at es mark up to 1017 today....and gj to 153 .... this makes me lugh ... whole day no volume and all of a sudden upthrusts .. lol .. yup 147 and lower here we come. This is classic mark up
Blogging daily now at www.volume.zone
  • #194,622
  • Edited 11:26am Sep 4, 2009 11:14am | Edited 11:26am
Quoting malcolmb14
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...
I appreciate your analysis the more I read master the markets, now I have noticed they always push the market opposite like right now they want to push it higher and higher on friday afternoon, how is that so and should we take advantage of such low volume move and just buy as we know they wont short it on a friday afternoon and close prior to 3-4pm? very short term trade that is. Is this something that traders take advantage of i.e. profit taking time of day,week?
S
  • #194,623
  • Sep 4, 2009 11:15am Sep 4, 2009 11:15am
i am not a bull, i am trend rider.
if you remember yesterday, i made a point about price going above 151.95. and now i said that the bias is SLIGHTLY BULLISH, because price went above... still, h4 shows a doji at resistance, so i am not convinced about bullish bias, but as long as price stays above 150.80 i can't join the beer... sorry, bear party.

Quoting donfriday
why are u bull now . i thought u asked me what did i see in daily yesterday...u changed ur mind?
Nihil Sine Deo.
  • #194,624
  • Sep 4, 2009 11:17am Sep 4, 2009 11:17am
PVP is what i refer to as point of control ... 151.25 is it for gj last 20 trading sessions ...


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. !!!!!!!!....
Blogging daily now at www.volume.zone
  • #194,625
  • Sep 4, 2009 11:26am Sep 4, 2009 11:26am
yes i know.
i have slightly different values as i am using ibfx, not esignal... and i plot the profile of a swing rather than using "n" sessions to look back. but i use it on multiple timeframes to keep an eye on all critical areas.
anyway, it's working quite well as you can see.

Quoting malcolmb14
PVP is what i refer to as point of control ... 151.25 is it for gj last 20 trading sessions ...
Nihil Sine Deo.
  • #194,626
  • Sep 4, 2009 11:31am Sep 4, 2009 11:31am
Quoting dana2802
this my chart using gann calculation. i will close half position at 156 area and the other hallf will target at 164 area.
I find it amusing ... bank holiday canada and US .. markets retrace only 23% of 1400 pip down move , price in daily channel and hitting resisatance on NO volume and i see 160 and 174 .. hell lets all say it is going to 250 just for fun

I will say this once more ... markets can drop under low volume they cannot go up on low volume .. try driving your car at 100 mph without any gas .....

good to see others opions though

tuesday will gives us better direction.

I mentioned that we would see muted reaction to NFP / unemployment

which is worse ? and extra 20,000 jobs created or unemployment rising by .2 % ...

assuming 1/3 of americans works .... that is 2 millon more americans unemployed this month over last month ....

2 million versus 20,000 .... seems something is being cvooked

also not last week all good news was sold into ..only from Thiursday on has the us indexes have been creeping up under no volume

This to me suggest price is being manipulated up for a reason .... the reason is simple sell at discount

Attached Image (click to enlarge)
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Blogging daily now at www.volume.zone
  • #194,627
  • Sep 4, 2009 11:38am Sep 4, 2009 11:38am
msniper, here is a chart for g-u. weekly. quite a resistance in this area, don't you think?
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Nihil Sine Deo.
  • #194,628
  • Sep 4, 2009 11:39am Sep 4, 2009 11:39am
Quoting Scrat
msniper, here is a chart for g-u. weekly. quite a resistance in this area, don't you think?
not only that check out that macd bear div ...
Blogging daily now at www.volume.zone
  • #194,629
  • Sep 4, 2009 11:40am Sep 4, 2009 11:40am
Quoting Scrat
msniper, here is a chart for g-u. weekly. quite a resistance in this area, don't you think?

scrat, how u make it look at swings like such
"Millionaires don't use astrology, billionaires do"
  • #194,630
  • Sep 4, 2009 11:45am Sep 4, 2009 11:45am
i use market_statistics.mq4 (i think i posted it yesterday), and then i set the start date. the indicator follows the profile from then to the current candle.
here's a screenshot.

Quoting OrionsWay
scrat, how u make it look at swings like such
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Nihil Sine Deo.
  • #194,631
  • Sep 4, 2009 11:46am Sep 4, 2009 11:46am
Quoting Scrat
i use market_statistics.mq4 (i think i posted it yesterday), and then i set the start date. the indicator follows the profile from then to the current candle.
here's a screenshot.
very cool thanks
"Millionaires don't use astrology, billionaires do"
  • #194,632
  • Sep 4, 2009 11:48am Sep 4, 2009 11:48am
yes, but for that the entry is 1.5980. about 400 pips lower than where we are now. kinda late, i would say... and not a very good r/r, unless it is dropping for good.

Quoting malcolmb14
not only that check out that macd bear div ...
Nihil Sine Deo.
  • #194,633
  • Sep 4, 2009 11:48am Sep 4, 2009 11:48am
Quoting OrionsWay
very cool thanks
do u mind to share that indicator. interested? thank u in advance
  • #194,634
  • Sep 4, 2009 11:50am Sep 4, 2009 11:50am
Well said malcomb,

I like to make money the easy way.. Too much subjective in counting waves and predicting direction...Economic 101 " Supply and Demand"

Back to the Basics for the newbies..This VSA malcomb explaining is superior to anything I used since I started..Price action and studying volume changes is the key to becoming a consistent profitable trader..For those that have time on their hands, study all Mal charts..Very profitable information for FREE..



Good Luck bulls.

May the drawdowns be with you..




Quoting malcolmb14
do not forget I day trade.....I have been short gu since 1.6950 with target1.5500 and lower by Nov this year.

so now prices can move up without volume supporting the move ? is that what you are saying ? there is not volumeo n daily ... this is mark up. simple.

Also everything you read on ew says it is very subjective ..... so how can it be best analysis. There is one exprt on it .i will look him up on weekend that underperformed s&p last 2 years using ew based on calls in his news letter.

vsa never lies ..... never. it showed the buyers...
[
  • #194,635
  • Sep 4, 2009 11:54am Sep 4, 2009 11:54am
i just sent you a pm.

Quoting OrionsWay
very cool thanks
Nihil Sine Deo.
  • #194,636
  • Sep 4, 2009 11:56am Sep 4, 2009 11:56am
here:

http://www.forexfactory.com/showpost...stcount=194180

Quoting aa.eeiimm
do u mind to share that indicator. interested? thank u in advance
Nihil Sine Deo.
  • #194,637
  • Sep 4, 2009 11:57am Sep 4, 2009 11:57am
Quoting Scrat
i just sent you a pm.
right back atcha
"Millionaires don't use astrology, billionaires do"
  • #194,638
  • Sep 4, 2009 11:58am Sep 4, 2009 11:58am
Quoting Scrat
here:

http://www.forexfactory.com/showpost...stcount=194180
thank you so much for ur kindness
  • #194,639
  • Sep 4, 2009 11:58am Sep 4, 2009 11:58am
Quoting rgitt05
Well said malcomb,

I like to make money the easy way.. Too much subjective in counting waves and predicting direction...Economic 101 " Supply and Demand"

Back to the Basics for the newbies..This VSA malcomb explaining is superior to anything I used since I started..Price action and studying volume changes is the key to becoming a consistent profitable trader..For those that have time on their hands, study all Mal charts..Very profitable information for FREE..



Good Luck bulls.

May the drawdowns be with you..

yeah I may be wrong .... but s&p weekly looks like test 950 , rising trend line and 50 sma on daily is in order ... that is 70 points away. so i am banking on this a little.

SSE stopped dead on 61.8% of reatrcement .... so we will have to wait and see what cooks with that Sunday in Asia..could drop off this level taking rest of Asia with it

Nikkie has been forming support and had a low volume test Friday ... could move up Sunday

FTSE daily rose off 14 wma , but up move is on very low volume ... seems no buying interest so do not know that the up move can be sustained..

next 2 weeks are going to be very interesting form a global markets perspective , they are starting to look tired , but the question is will they keep moving up on pure speculation
Blogging daily now at www.volume.zone
  • #194,640
  • Sep 4, 2009 12:03pm Sep 4, 2009 12:03pm
gbp futures

saw buyers off 1.6100 but today up day is on no demand ... got to wait for next week to see reaction to this

often no demand bars are a sign of weakness

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