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

  • #196,921
  • Sep 13, 2009 12:23pm Sep 13, 2009 12:23pm
Quoting Fudomyo
Area I'm watching closely is 150.

The false breakout line on bump and run chart is 150.2 area. same target if weekly bull channel LTL holds on chart 2.

If we break south from 150, and the minor trendline support near 149.5, then 146.7 area is in sight.
This will complete right side of the H&S formation, and a break lower should follow. At that point, 139, 135.6 are in the cards.

Looking at the daily PA for the pair, when we hit a ceiling with 5 days in a row banging against resistance forming a flat top the GY has a tendency to drop hard.

Oct...

interbank volume has been off last 4 weeks .. here is esignal volume , shows Sept as being about same volume as rest of Summer so far , just did not want you to get a bias in your mid based on volume

Attached Image (click to enlarge)
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Blogging daily now at www.volume.zone
  • #196,922
  • Sep 13, 2009 12:30pm Sep 13, 2009 12:30pm
Quoting gody6000
for weekly ..


sell area @

152.45

151.86

target area @

149.14

147.01

stop @

153.40
thanks for ur tips frenz
  • #196,923
  • Sep 13, 2009 12:33pm Sep 13, 2009 12:33pm
Quoting Fudomyo
When intuition kicks in, all the collective knowledge you have in a given area by experience and learning goes into high gear faster than your mind can process as an "intellectual choice". But most people don't know how to tune into this because they don't understand how it works.
That is exactly what I have been thinking for some time. I have seen a few very good traders that are clearly nailing it regularly. They explain their system which looks very simple, and they have a 90+% win ratio on it. Then I take a closer look at it and cant see how they get that kind of win ratio purely using the system on its own.

I have long thought that it isnt just the system that is getting them this success, it is something they are seeing completely seperate from the system that others are not seeing, and they dont even know they are doing it. Since they dont know they are doing it, trying to use their system and expect the same results, or trying to get them to explain it is impossible unless you can somehow get them to realise what it is they are actually looking at.

I've put it down to what I shall call 'The Matrix Effect' where instead of seeing the code, they somehow see whats actually there (blonde, brunette, redhead ).
  • #196,924
  • Sep 13, 2009 1:02pm Sep 13, 2009 1:02pm
Quoting ewokuk
That is exactly what I have been thinking for some time. I have seen a few very good traders that are clearly nailing it regularly. They explain their system which looks very simple, and they have a 90+% win ratio on it. Then I take a closer look at it and cant see how they get that kind of win ratio purely using the system on its own.

I have long thought that it isnt just the system that is getting them this success, it is something they are seeing completely seperate from the system that others are not seeing, and they dont even know they...
You are getting me more confused. So, people who are success in Forex actually have a kinda 'Sixth sense' so to speak http://www.forexfactory.com/images/icons/icon5.gif ..
  • #196,925
  • Sep 13, 2009 2:14pm Sep 13, 2009 2:14pm
Quoting ewokuk
That is exactly what I have been thinking for some time....
I have to disagree. There's no sixth sense that can't be part of the knowledge.

They're simply better at their sistem because they created it, so they trust it 100% and get "the feeling" while using it, when you start to abbandon the rules and get too conficende every trader will crash on himself.
"Hate the sin, love the sinner." - Gandhi
  • #196,926
  • Sep 13, 2009 2:26pm Sep 13, 2009 2:26pm
Maybe, it's just that they do tape reading and use the system to get get confirmation and enter/exit trades.
"Hate the sin, love the sinner." - Gandhi
  • #196,927
  • Sep 13, 2009 2:27pm Sep 13, 2009 2:27pm
who mentioned "sixth sense" infact who mentioned "sense" at all? sure as hell wasnt me
  • #196,928
  • Sep 13, 2009 2:39pm Sep 13, 2009 2:39pm
hello all

GU will down to 1.63XX again this week ?
High risk High return!
  • #196,929
  • Sep 13, 2009 2:55pm Sep 13, 2009 2:55pm
Quoting simao
hello all

GU will down to 1.63XX again this week ?

GU has support 1.6500. I am expecting a test of this support this week.

If this gives way then 1/6400 ....then there is a ton off support there wall way to 1.6100.

1.6500 is 1st target on a retrace, but the fact is gu is in an up trend as long as 1/6500 stays intact
Blogging daily now at www.volume.zone
  • #196,930
  • Sep 13, 2009 3:04pm Sep 13, 2009 3:04pm
http://www.forexfactory.com/showpost...stcount=165209

http://www.forexfactory.com/showpost...stcount=165210

http://www.forexfactory.com/showpost...stcount=165211

Hello...hope you had a good weekend.

Here is my posts in the cable thread supporting a continuation of the uptrend in cable.

Hope you all have a good trading week.
  • #196,931
  • Sep 13, 2009 3:05pm Sep 13, 2009 3:05pm
I think there will be a 30 - 50 gap down when GJ open.. just my thought
  • #196,932
  • Sep 13, 2009 3:10pm Sep 13, 2009 3:10pm
Quoting A-speculator
I think there will be a 30 - 50 gap down when GJ open.. just my thought
Has anyone's broker opened yet? Mine is FXsolutions opens at 5:15 EDT
Thanks.
  • #196,933
  • Sep 13, 2009 3:11pm Sep 13, 2009 3:11pm
Quoting mktjong
Has anyone's broker opened yet? Mine is FXsolutions opens at 5:15 EDT
Thanks.
No, not yet.. My broker MBTrading, opens at about the same time as yours..
  • #196,934
  • Sep 13, 2009 3:15pm Sep 13, 2009 3:15pm
Quoting A-speculator
I think there will be a 30 - 50 gap down when GJ open.. just my thought
my finexo platform is opened for trading... gbp/jpy 150.54 , 150.61
  • #196,935
  • Sep 13, 2009 3:30pm Sep 13, 2009 3:30pm
Quoting fx1001
my finexo platform is opened for trading... gbp/jpy 150.54 , 150.61
Good, let's hope it gets lower 'coz I have one open short position
Thanks.
  • #196,936
  • Sep 13, 2009 3:31pm Sep 13, 2009 3:31pm
Quoting A-speculator
I think there will be a 30 - 50 gap down when GJ open.. just my thought
Good thought. Keep thinking down.
Si vis pacem, para bellum.
  • #196,937
  • Sep 13, 2009 3:36pm Sep 13, 2009 3:36pm
Quoting fx1001
my finexo platform is opened for trading... gbp/jpy 150.54 , 150.61
good.. its trading in the 150 zone..
  • #196,938
  • Sep 13, 2009 3:37pm Sep 13, 2009 3:37pm
Quoting mktjong
Good, let's hope it gets lower 'coz I have one open short position
Thanks.
Who doesn't? I think every bear in this forum must have at least 1 open position that was intentionally left for the weekend.. Sorry bulls..
  • #196,939
  • Sep 13, 2009 3:40pm Sep 13, 2009 3:40pm
Quoting malcolmb14
the comment on volume was slightly incorrect and likely due to the platform you use. I use esignal 300 source combined data that shows the volume Friday was the same as every other day and in fact the break of support was one of the 4 highest volume bars for the week ... and vsa is all about background so I have marked up a chart here

in the background we had that first down move on volume , that knocked the market sideways , then we had a low volume consolidation period that could not move price above 152 , so the high volume down candle did...
I think 147 is a very viable target for this week.
  • #196,940
  • Sep 13, 2009 3:42pm Sep 13, 2009 3:42pm
current rates are as follows:
good luck to all
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