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

  • #194,701
  • Sep 4, 2009 3:01pm Sep 4, 2009 3:01pm
Just a question please,

Your are seeing double top in daily chart. Are you sure it is double top? I see first head and shoulders which make its perfect retracement and target, and after this, a single top took place. Why do you consider them as double top?
If you resist at heart attack, you will be rich from trading.
  • #194,702
  • Sep 4, 2009 3:02pm Sep 4, 2009 3:02pm
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)
of course bro i dont have any reason to hide if i fail this is a market as u said some win and some lose (JK)

but u must tell me what kind of down move we are talking about

if the market go down to 150 ppl will run to me say i was wrong then this will be a funny thing

as i mentioned i have Target and SL and i want those bears to have the same so i can count how many SL got owned
  • #194,703
  • Sep 4, 2009 3:02pm Sep 4, 2009 3:02pm
Quoting msniper
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



lol.... good logic no sellers hence we go up on low volume

this weekend ... find largest hill you can. Fill up car with just ebough gas to get you 1/4 way up the hill ... hope momentum carries you the rest of the way. otherwise you will go backwards

or experiment #2
go to car dealer ... tell the sales man you want pay 2 time the sticker price on the car. He will be over the moon but you will feel like a fool. This same reasoning goes to why IF pros are not buying now would they buy 400 pips off the low ? think they are that dumb ?

markets can go down on low vol but not up
Blogging daily now at www.volume.zone
  • #194,704
  • Sep 4, 2009 3:03pm Sep 4, 2009 3:03pm
Quoting rgitt05
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..

hehehe ok master we will know next week who is learning
  • #194,705
  • Sep 4, 2009 3:05pm Sep 4, 2009 3:05pm
Quoting Scrat
here is my analysis at the end of the week. i start with weekly chart and go lower.

weekly chart shows that move up is still above main support (or PVP), 147.10 area. we can not talk about a change of trend as long as price stays above this area. manipulated or not, bias is bullish above 146.60.

daily chart shows that, within weekly uptrend, we see a retracement - or a down swing. the point of control (or PVP) for this down swing is 154.85/155.50 area, and as long as price stays below we can't talk about a serious rally and price should fall to...
yes im agree have to test 147 but how many times gj push lower still fail, and this u can see candlestick fomation from 1 hour to daily. i dont like to see small time frame coz im not scalper. weekly candlestick not finish yet. next week will know how looks like. Atleast i know where to put sl and my pending oder still have at 148 and 147 area.
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  • #194,706
  • Sep 4, 2009 3:08pm Sep 4, 2009 3:08pm
Quoting malcolmb14
[/b]


lol.... good logic no sellers hence we go up on low volume

this weekend ... find largest hill you can. Fill up car with just ebough gas to get you 1/4 way up the hill ... hope momentum carries you the rest of the way. otherwise you will go backwards

or experiment #2
go to car dealer ... tell the sales man you want pay 2 time the sticker price on the car. He will be over the moon but you will feel like a fool. This same reasoning goes to why IF pros are not buying now would they buy 400 pips off the low ? think they are that...
ok all what u said is logic and right

but can u tell me what is this !!!

see NZDUSD chart

i dont have VSA but this shitty indi look at the upmove its slow and nice and i believe no volume

so how can u say no up move without volume
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  • #194,707
  • Sep 4, 2009 3:16pm Sep 4, 2009 3:16pm
Quoting msniper
ok all what u said is logic and right

but can u tell me what is this !!!

see NZDUSD chart

i dont have VSA but this shitty indi look at the upmove its slow and nice and i believe no volume

so how can u say no up move without volume

what is that indie ? not volume ...some explosion indie by looks of it

here is nzdusd chart very bullish expanding volume whole move up

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Blogging daily now at www.volume.zone
  • #194,708
  • Sep 4, 2009 3:17pm Sep 4, 2009 3:17pm
Hi,
I am not quite sure about VSA analysis. Is it correct to say that the upmove on 29 Apr-12May/ which steadily rose to 1.70/ was on low volume? If so, the low volume of the last 3 days does not necessarily mean lack of buying interest?!
( On daily chart)
  • #194,709
  • Sep 4, 2009 3:19pm Sep 4, 2009 3:19pm
Quoting malcolmb14
look at max volume levels on a 60 min chart .. they are actualy when the us and london traders are in the pit together.
of course 2 sessions open at once = highest volume. but the london session alone has the highest individual session volume, highest money flow volume afaik, and the greatest number of traders at their desks. so london monday could show the direction its going to go
  • #194,710
  • Sep 4, 2009 3:25pm Sep 4, 2009 3:25pm
Quoting mktjong
What happen? geezz .. suddenly dollar index got crushed. This upmove on Geppy is on low volume as u said and I agreed. I just shorted the pair
Closed for 28 pips loss .. don't want to keep it over the wk-end
  • #194,711
  • Sep 4, 2009 3:28pm Sep 4, 2009 3:28pm
Nuttin' shmfancy here, but short-term, low vol. break of daily trendline.

Looks like break of daily TL was tested intraday today on that wild news candle, successfully for now....But low volume break may mean retrace or sell next week perhaps.

Will see....

Low vol. hourly rally, but look at that test of the daily trendline at today's low on candle shadow spike down at news:

http://i32.tinypic.com/x6j02e.gif

See break and test of daily trendline on 4hrs, but here volume is confusing (up):

http://i32.tinypic.com/291gumu.gif

Break of daily trendline on 15mins shows declining volume (maybe NY guys are at the Hamptons, leaving early, LOL):

http://i27.tinypic.com/16iw4mp.gif

Dailies show declining volume of break of trendline too:

http://i32.tinypic.com/v7aa0i.gif
  • #194,712
  • Sep 4, 2009 3:34pm Sep 4, 2009 3:34pm
Waddah Attar is a price volatility indi; no volume in it as far as I know.
  • #194,713
  • Sep 4, 2009 3:40pm Sep 4, 2009 3:40pm
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...
I gotta side with my fellow O-Towner . . . that's it in a nutshell. Screw the pound . . . the yen moves this beast . . .
"Don't trade to trade . . . trade to win." - James16
  • #194,714
  • Sep 4, 2009 3:53pm Sep 4, 2009 3:53pm
quick volume comparison between brokers

one is alpari, one is odl and one is ibfx. they all look virtually the same, except for the 4 day consolidation/range section where the ibfx one shows very very low volume compared to normal and compared to the other 2 charts. hmmmm
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  • #194,715
  • Sep 4, 2009 4:04pm Sep 4, 2009 4:04pm
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  • #194,716
  • Sep 4, 2009 4:07pm Sep 4, 2009 4:07pm
good examples. but i thought forex would be a little different as we trade pairs, unlike stocks/commodities/etc

alright, now i need to go long on a couple of cold beers because it's quite hot here in SoCal and i gotta chill somehow.

enjoy the weekend and see you all later.

Quoting malcolmb14
[/b]


lol.... good logic no sellers hence we go up on low volume

this weekend ... find largest hill you can. Fill up car with just ebough gas to get you 1/4 way up the hill ... hope momentum carries you the rest of the way. otherwise you will go backwards

or experiment #2
go to car dealer ... tell the sales man you want pay 2 time the sticker price on the car. He will be over the moon but you will feel like a fool. This same reasoning goes to why IF pros are not buying now would they buy 400 pips off the low ? think they...
Nihil Sine Deo.
  • #194,717
  • Sep 4, 2009 4:08pm Sep 4, 2009 4:08pm
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...
malc is right with broader view; GJ is seriously bearish on weekly targeting 137. the reasons:
1. closed under Gann om weekly;
2. this week is 4th candle (usually in opposition of main trend
3. RSI is below 50
4. Stoch is below 50 line

of course potentially we might see some bullish advance at the beginning on the next week (possible up to 154.50 or even higher but unlikely IMHO) and then we can expect drop to new bottom
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  • #194,718
  • Sep 4, 2009 4:12pm Sep 4, 2009 4:12pm
Targeted MA Monthly 154.76
MA H4,Daily,Weekly Pointed UP
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  • #194,719
  • Sep 4, 2009 4:14pm Sep 4, 2009 4:14pm
Quoting neptun84
Hi,
I am not quite sure about VSA analysis. Is it correct to say that the upmove on 29 Apr-12May/ which steadily rose to 1.70/ was on low volume? If so, the low volume of the last 3 days does not necessarily mean lack of buying interest?!
( On daily chart)
low/decreasing volume with uprising price usually means correction of main bearish trend
  • #194,720
  • Sep 4, 2009 4:28pm Sep 4, 2009 4:28pm
British Pound Still in Consolidation Mode
The British pound remains widely range bound, and with no data on hand for the day, the currency mostly gained in line with other risky assets. The currency could stay range bound next week as well, despite the fact the Bank of England will be meeting. The Bank of England (BOE) is anticipated to leave rates unchanged at 0.50 percent on Thursday at 7:00 ET, but the market-moving part of the announcement is usually the policy statement. This has consistently been the case throughout the past year, including last month, when the BOE unexpectedly announced a £50 billion expansion to their quantitative easing program that would likely come to an end in early November. That said, with no expansion anticipated, the statement is likely to just be a straightforward announcement offering little insight, and thus, the British pound shouldn’t show much of a reaction.
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