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

  • #194,681
  • Sep 4, 2009 2:03pm Sep 4, 2009 2:03pm
Quoting msniper
hi again

well i shouldn't give my opinion about VSA and volume stuff because i never tried them before so i have no right to judge them

but any way u still didn't tell me your turning point . as i said my turning point is 146

what about yours ? 136 perhaps ?
147 for bounce I think. We are close.

We have to watch the s &p .. if that starts to have a strong move down (retracement only) of even 75 points the gj could drop 1200 pip .. it did last time s&p retraced a bit in june. Just looking at historical price movements. IF US indexes come off and history repeats itself GJ could see 153 - 1200 pip 141.000 if 1600 pip as last time dj moved 750 points 137.

When traders in US return Tuesday I think the trend will be determined and at that point we can see if up move continues or in fact this is a mark up of sorts

I was also looking back intime to see what happened last time gj formed double top on weekly ... that was october last year and it dropped 3 weeks then had that 6 week sideways movement.... of about 600 pips wide

Got that advanced GET stuff today will try and mess with it on weekend and see what it shows with waves . Could be a learning curve there.
Blogging daily now at www.volume.zone
  • #194,682
  • Sep 4, 2009 2:07pm Sep 4, 2009 2:07pm
Quoting malcolmb14
147 for bounce I think. We are close.

We have to watch the s &p .. if that starts to have a strong move down (retracement only) of even 75 points the gj could drop 1200 pip .. it did last time s&p retraced a bit in june. Just looking at historical price movements. IF US indexes come off and history repeats itself GJ could see 153 - 1200 pip 141.000 if 1600 pip as last time dj moved 750 points 137.

When traders in US return Tuesday I think the trend will be determined and at that point we can see if up move continues or in fact this is a mark...
sorry man i wrote the wrong number

i mean i was asking where is your turn point that u will be bullish

above 156 may be ?

or only if volume goes up ? what if it didn't go up and keep rising

can u show me your volume analysis for NZDUSD because i saw it rising for more than 3 months with slowly move, so what VSA tell us about it ?
  • #194,683
  • Sep 4, 2009 2:08pm Sep 4, 2009 2:08pm
Quoting malcolmb14
BINGO !!!!

now think about that also note vol on my chart yesterday

mark up is what i reckon ..unemployment up not down and nfp another 250 k jobs lost .. 20 months straight of losses

level to watch is 153 zone ....

we have had bearish volume divergence GJ , GU , dj last 2 days

Attachment
its possible its markup obviously, but i dont think you have fully taken into account that the lack of buyers could quite easily just be down to lack of interest in doing anything at all ahead of nfp and labor day, or lack of traders even at their desks with the holiday weekend coming. all things being equal, the simplest explanation is usually the right one, and thats the simplest explanation i think.

also you mention stocks flying up for weeks and the pro's not going to buy it up forever. no doubt, but couldnt you use exactly the same logic and say GJ been going down for weeks and the pro's arent going to sell it forever.

infact as far as i can tell. this downtrend has lasted 4 weeks. the uptrend before it lasted 4 weeks, the downtrend before that lasted 4 weeks AND the uptrend before that (which took us from 143 to 162.50) was also..... 4 weeks. Also the last 4 weeks where we have been in downtrend are the 4 weeks of summer holidays. These 4 week cycles have been going since the middle of may. this all seems very symmetrical to me, is it likely we now see 4 weeks of going up?
  • #194,684
  • Sep 4, 2009 2:08pm Sep 4, 2009 2:08pm
Shoottt .. there is not much sellers atm .. looks like higher price coming in to next Monday Asian session
  • #194,685
  • Sep 4, 2009 2:10pm Sep 4, 2009 2:10pm
Quoting msniper
i will not accept GU only if i say it in 1.7000 level

this weekly chart and weekly diverengece could take days and weeks before even it play out

look at GU i think its creating a new inverted H&S in 4h chart ( i just woke up too lazy ) hehe
s and p .... 1017 level one to watch for rejection ... head and shoulders daily neckline 1000

bonds ascending triangle .... breaks 120 GU gets KILLED

GU daily could be forming right shoudler 1.6500 /1.6600 zone ( this is why I said break 1.6600 I close shorts) .... neck line 1.6000

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  • #194,686
  • Sep 4, 2009 2:14pm Sep 4, 2009 2:14pm
Here is my charts I posted three times..

My chart shows 140-141 area as a strong support

Enjoy the drawdown if you still in bullish position..

Markup special!!

This economy is real bad for all the outsider



Quoting msniper
hi again

well i shouldn't give my opinion about VSA and volume stuff because i never tried them before so i have no right to judge them

but any way u still didn't tell me your turning point . as i said my turning point is 146

what about yours ? 156 perhaps ?
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  • #194,687
  • Sep 4, 2009 2:18pm Sep 4, 2009 2:18pm
Quoting ewokuk
its possible its markup obviously, but i dont think you have fully taken into account that the lack of buyers could quite easily just be down to lack of interest in doing anything at all ahead of nfp and labor day, or lack of traders even at their desks with the holiday weekend coming. all things being equal, the simplest explanation is usually the right one, and thats the simplest explanation i think.

also you mention stocks flying up for weeks and the pro's not going to buy it up forever. no doubt, but couldnt you use exactly the same logic...
GU is what has stopped GJ form really moving down ... that support at 1.6000 is strong IT is ONLY 500 pip off recent top and is the one to watch

All I know form VSA is that 2 x up bars on reducing volume is NO demand / no buyers. The only logic I draw from that is yes there is no volume in the market but the low volume can also be mark up to push prices higher so that sellers can sell at discount.

I guess this is all talked out.

Using staight indicators RSX on 4 hour overbought .. .daily 22 and pointing up , and weekly still pointing down so any thing can happen

In fact to be bullish I would love to see test 149 and no volume on the test . Then I would be bullish

ES ... 1017 level is one to watch . If this breaks then sure we move higher ... maybe this time 1100. but weekly charts do not support this. and dj volume todays is lowest all year on such a large up bar .... think pros will wake up Tuesday and start buying it up here ? if they are bullish they will drive it down into 9100 1st

great point on symmetry ... good spot
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  • #194,688
  • Sep 4, 2009 2:19pm Sep 4, 2009 2:19pm
Trading volume was light ahead of the three-day Labor Day weekend. On the New York Stock Exchange, with advancers beating decliners nearly three to one on volume of 500 million shares. On the Nasdaq, winners topped losers two to one on volume of 940 million shares.


MARKUP SPECIAL..
http://money.cnn.com/2009/09/04/mark...ion=2009090413

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  • #194,689
  • Sep 4, 2009 2:22pm Sep 4, 2009 2:22pm
ok people think tuesday will show which way its going....but why tuesday? i was under the impression LONDON was the biggest of the sessions with the highest number of traders etc etc. Wouldnt mondays london show the direction?
  • #194,690
  • Sep 4, 2009 2:23pm Sep 4, 2009 2:23pm
Quoting rgitt05
Here is my charts I posted three times..

My chart shows 140-141 area as a strong support

Enjoy the drawdown if you still in bullish position..

Markup special!!

This economy is real bad for all the outsider
bro there will be no drawdown elliott doesn't do that to its traders

first of all i said my SL is 146 so that will be 350 pips SL

BUT

i will not keep my SL as it is right now

i am waiting to make sure we finshed wave 2 from chart and we really started WAVE 3 then SL will be the low 149

and i will have ZEROOOOO down draw because i picked the buttom

price now 152.50 thats 300 pips profit !!!! what draw down loool still to early to talk about my account draw down i am 26% up in my account in 2 days only and i will buy once daily gann fliped with 10% thats mean once i reach my target at above 160 i will double my account 2 times
  • #194,691
  • Sep 4, 2009 2:28pm Sep 4, 2009 2:28pm
Since you have a UK account, than I would hedge to that area for opposite pips from the drawdown..Anyway, who the hell is Elliot? He doesn't control the market...The big boys control the market... Watch out for the BIG WAVE..

LOL




Quoting msniper
bro there will be no drawdown elliott doesn't do that to its traders

first of all i said my SL is 146 so that will be 350 pips SL

BUT

i will not keep my SL as it is right now

i am waiting to make sure we finshed wave 2 from chart and we really started WAVE 3 then SL will be the low 149

and i will have ZEROOOOO down draw because i picked the buttom

price now 152.50 thats 300 pips profit !!!! what draw down loool still to early to talk about my account draw down i am 26% up in my account in 2 days only and i will buy...
[
  • #194,692
  • Sep 4, 2009 2:39pm Sep 4, 2009 2:39pm
Quoting rgitt05
Since you have a UK account, than I would hedge to that area for opposite pips from the drawdown..Anyway, who the hell is Elliot? He doesn't control the market...The big boys control the market... Watch out for the BIG WAVE..

LOL

i wish i am still with US account i will transfer soon to UK

elliott my friend he is one creative person i recommended you to read about him

and big guys respect him and follow his analysis.
  • #194,693
  • Sep 4, 2009 2:42pm Sep 4, 2009 2:42pm
now here is another technical analysis without ellliott touch

now tell me its still bearish looooooooooooool

super bullishhhhhhhhhhhh

go cable go, GJ up also with it
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  • #194,694
  • Sep 4, 2009 2:47pm Sep 4, 2009 2:47pm
I don't think the Asian market give a DAM about elliot..Who wants to own the USD with all time unemployment..NO MONEY NO JOBS NO BIZ
The yen will strengthen and bring the whole market down..London bridges falling down falling down falling down..

VSA rules over elliot..Volume don't lie or lag.


MARKUP SPECIAL with a low volume..I posted a few posts back that the market volume decrease the past three days...That is a classic markup before the BIG WAVE...

The big boys will come next week and give ELLIOT an AZZ whipping..

if all the big boys follow the Elliot theory than there would not be a market



Fundamentals rule this year..






Quoting msniper
i wish i am still with US account i will transfer soon to UK

elliott my friend he is one creative person i recommended you to read about him

and big guys respect him and follow his analysis.
[
  • #194,695
  • Sep 4, 2009 2:49pm Sep 4, 2009 2:49pm
Quoting msniper
now here is another technical analysis without ellliott touch

now tell me its still bearish looooooooooooool

super bullishhhhhhhhhhhh

go cable go, GJ up also with it
lol bro.. take it easy..

dont worry, if your charts says LONG go for it.. Finaly we are all here trading our charts ??

different styles, different mindset, traders.. someone win, someone lose..

If you are happy with your pips.. fine... good.. have a joy..

P.s.. but be arround next week if we go down.. cool ?? (j/k)
  • #194,696
  • Sep 4, 2009 2:53pm Sep 4, 2009 2:53pm
I know msniper and we always go the opposite way..

It is cool..He is still on a learning curve..I like to debate with his Elliot playout..



Quoting Piters
lol bro.. take it easy..

dont worry, if your charts says LONG go for it.. Finaly we are all here trading our charts ??

different styles, different mindset, traders.. someone win, someone lose..

If you are happy with your pips.. fine... good.. have a joy..

P.s.. but be arround next week if we go down.. cool ?? (j/k)
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  • #194,697
  • Sep 4, 2009 2:53pm Sep 4, 2009 2:53pm
can i have a joy too
"Millionaires don't use astrology, billionaires do"
  • #194,698
  • Sep 4, 2009 2:57pm Sep 4, 2009 2:57pm
Quoting OrionsWay
can i have a joy too
depends how "fat" you are this week ...

but as you started only from yesterday.. hmmm..
  • #194,699
  • Sep 4, 2009 2:58pm Sep 4, 2009 2:58pm
Quoting rgitt05
I don't think the Asian market give a DAM about elliot..Who wants to own the USD with all time unemployment..NO MONEY NO JOBS NO BIZ
The yen will strengthen and bring the whole market down..London bridges falling down falling down falling down..

VSA rules over elliot..Volume don't lie or lag.


MARKUP SPECIAL with a low volume..I posted a few posts back that the market volume decrease the past three days...That is a classic markup before the BIG WAVE...

The big boys will come next week and give ELLIOT an AZZ whipping..

if all the big boys...

loooooool we will see elliott VS VSA

if elliott wins i want you guys to admitt and confess that EW is more powerfull than VSA

i am not saying VSA is not powerful but elliott is more powefull look at my analysis i picked the buttom and i was against 99% of traders in this forum

if there is no volume in going up at least the sell pressure is reducing thats mean big guys are collecting longs then money will enter suddenly
  • #194,700
  • Sep 4, 2009 2:58pm Sep 4, 2009 2:58pm
Quoting ewokuk
ok people think tuesday will show which way its going....but why tuesday? i was under the impression LONDON was the biggest of the sessions with the highest number of traders etc etc. Wouldnt mondays london show the direction?
look at max volume levels on a 60 min chart .. they are actualy when the us and london traders are in the pit together.
Blogging daily now at www.volume.zone
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