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

  • #201,301
  • Oct 2, 2009 11:02am Oct 2, 2009 11:02am
Quoting ewokuk
acording to rgitt kaboom is coming in 5 mins

it better, this crap is shredding my account now when it should be dropping like a rock
rgitt has been quite correct when things are looking dire ... if she don't fall today, I'd like to think some reflection over the weekend will allow her to resume to her rightful destination: 135.
  • #201,302
  • Oct 2, 2009 11:06am Oct 2, 2009 11:06am
Quoting Beljevina
rgitt has been quite correct when things are looking dire ... if she don't fall today, I'd like to think some reflection over the weekend will allow her to resume to her rightful destination: 135.
Quite correct I think, the overall outlook is still very bearish, but expecting the "KABOOM" on a friday afternoon, is somewhat wishfull thinking IMO. Yes it can happen, yes it has happened, but I'm more inclined to think that we'll range tight till the end of the session, or float upwards a bit.

thats my two cents

Have a good weekend all..
  • #201,303
  • Oct 2, 2009 11:15am Oct 2, 2009 11:15am
Quoting ewokuk
this gotta be funniest thing i ever saw. s+p is flying. 1015 low, now back 1030 LOL yes lets all buy buy iuy because economy is recovering nicely and recession over who the fk is buying it up there!?!?!

4h looks very bad, huge wick at bottom

weakness bought on ES on bad news .. pros do not seem finished with the bull move yet

GJ stopped dead on that high volume pivot 140.80 I mentioned yesterday. I closed all shorts and stayed out the markets as mind was bearish on bad news but could see no selling pressure on bad news . Just came back and found that in fact that 89 level on uj is being defended cuasing gj to rip 200 pips.

In looking back the 15m in chart showed the long well with high vol at support followed by low volume test 141 .

gu daily now has a double bottom with rsx rounding up

gj 4 hour could have a potential double bottom ....

interesting ES 1012 could have been it before we ocme into earnings season. i was expecting 10 % pull back , should have been closer to 966 , before goldman sachs earnings come out October 15th ( they are liekly going to be cooked taking markets up)..then all other earnings will be better than expected as a worm can jump over the bar set for EPS these days

I am not trying my hand at swing trading any more .. why bother when we have moves of up to 200 pip per US session in matter of 3 hours. I think day trading is where I want to be , and seem to get more sleep and make more money
Blogging daily now at www.volume.zone
  • #201,304
  • Oct 2, 2009 11:16am Oct 2, 2009 11:16am
I don't mind either it wanna go up or down as long i can catch pips in between
  • #201,305
  • Oct 2, 2009 11:20am Oct 2, 2009 11:20am
What happen if GJ close above 142.30, GU close above 1.5890, UJ above 89.60..What CS will it bring at daily chart..Hmm if this happen..And also Index Yen chart..Perhaps another reversal pattern on daily chart..We have test the Resistance before (weekly chart)

Burn all shorter.. IMO
  • #201,306
  • Oct 2, 2009 11:20am Oct 2, 2009 11:20am
Quoting malcolmb14
weakness bought on ES on bad news .. pros do not seem finished with the bull move yet

GJ stopped dead on that high volume pivot 140.80 I mentioned yesterday. I closed all shorts and stayed out the markets as mind was bearish on bad news but could see no selling pressure on bad news . Just came back and found that in fact that 89 level on uj is being defended cuasing gj to rip 200 pips.

In looking back the 15m in chart showed the long well with high vol at support followed by low volume test 141 .

gu daily now has a double bottom with...
Malc, could you post your charts from esignal showing that on GJ (15m TF)? Thanks!
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #201,307
  • Oct 2, 2009 11:21am Oct 2, 2009 11:21am
Quoting mktjong
Among all, GU, GY, EU, EY, UJ: GU is the weakest link, good for short ..
EMA's are gathering on the GJ and GU 5m charts.
Last compression 10-01 13-15:00 GMT (~24 hrs ago).

Look what happens when they come fully into compression
and build up enough energy to spring loose.

Will it happen? Sometimes it does, sometimes it doesn't.
Even partial compressions produce release / reaction.
Just wait, watch and see... for the biggest breakouts.

Looks like the GJ which is always more reactive is trying
to draw together with the spike up but it has to come back
to the group to create the optimal compression energy
otherwise the ema's will reverse and scatter prematurely.

Dr. D.
Attached Images
  • #201,308
  • Oct 2, 2009 11:22am Oct 2, 2009 11:22am
Quoting PandoraBox
When market absord all the news, all will be back to normal.

140, 136, 131 ...and we make double bottom at weekly TF GJ.
Not so fast! jpy going down next 4 months
  • #201,309
  • Oct 2, 2009 11:28am Oct 2, 2009 11:28am
Quoting neozero
What happen if GJ close above 142.30, GU close above 1.5890, UJ above 89.60..What CS will it bring at daily chart..Hmm if this happen..And also Index Yen chart..Perhaps another reversal pattern on daily chart..We have test the Resistance before (weekly chart)

Burn all shorter.. IMO
2 daily pinbar, posible weekly cs doji or spinning bottom
  • #201,310
  • Oct 2, 2009 11:37am Oct 2, 2009 11:37am
Quoting fourxtrader
EMA's are gathering on the GJ and GU 5m charts.
Last compression 10-01 13-15:00 GMT (~24 hrs ago).

Look what happens when they come fully into compression
and build up enough energy to spring loose.

Will it happen? Sometimes it does, sometimes it doesn't.
Even partial compressions produce release / reaction.
[i][color=#0000ff]Just wait, watch...
How do u trade that? By the time the spring looses, you are already way behind.
  • #201,311
  • Oct 2, 2009 11:37am Oct 2, 2009 11:37am
Tested 23% again
This is not a signal for up?
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  • #201,312
  • Oct 2, 2009 11:44am Oct 2, 2009 11:44am
Quoting dana2802
2 daily pinbar, posible weekly cs doji or spinning bottom

  • #201,313
  • Oct 2, 2009 11:47am Oct 2, 2009 11:47am
This taken from a web site i was reading .... worth printing out and pinning up

This is how good traders think:

  1. I trade what I see and not what I believe.
  2. I think in probabilities.
  3. Predicting what the market will do is impossible, irrelevant, and stupid.
  4. The techniques I use give me an edge, which is nothing more than a probability that the trade will go in my favor.
  5. Accordingly, I will stay true to my techniques. I’m lost without them.
  6. I am never right or wrong, because those are not probabalistic perspectives.
  7. My trading edges are like a coin that is rigged to give heads more often than tails. Taking
    a trade setup is like flipping the coin. This is good.
  8. I am not Merlin or Ms. Cleo. I have no crystal ball. I don’t need certainty, for there is none in trading.
  9. I always pre-define my risk prior to taking a trade. If a trade does not work, I don’t sweat it. I wait patiently for the next set-up.
  10. The market is my own personal casino. I am the Dealer. By taking all of my clear trade setups, the casino is rigged in my favor.

Blogging daily now at www.volume.zone
  • #201,314
  • Oct 2, 2009 11:50am Oct 2, 2009 11:50am
Quoting malcolmb14
This taken from a web site i was reading .... worth printing out and pinning up

This is how good traders think:[list][*]I trade what I see and not what I believe.[*]I think in probabilities.[*]Predicting what the market will do is impossible, irrelevant, and stupid.[*]The techniques I use give me an edge, which is nothing more than a probability that the trade will go in my favor.[*]Accordingly, I will stay true to my techniques. I’m lost without them.[*]I am never right or wrong, because those are not probabalistic...

O Yeah.. I AGREE...

Going well with my theory that the difference between trading and Gambling is very SMALL.. we are all calculating and thinking in probabilities..

Thanks malc.. nice one...
  • #201,315
  • Oct 2, 2009 11:54am Oct 2, 2009 11:54am
Hi all

GBP on last big support if broken u know what to do but for now is buy dips mode.


have a nice weekend
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  • #201,316
  • Oct 2, 2009 11:54am Oct 2, 2009 11:54am
Quoting Piters
Going well with my theory that the difference between trading and Gambling is very SMALL.. .
yeah, but if you told my mom that, she'd be very upset...

she thinks my work is based on a science of probabilities, not shooting craps. lol
  • #201,317
  • Oct 2, 2009 11:54am Oct 2, 2009 11:54am
Quoting Piters
O Yeah.. I AGREE...

Going well with my theory that the difference between trading and Gambling is very SMALL.. we are all calculating and thinking in probabilities..

Thanks malc.. nice one...

yes that is how a good trader thinks ..

this is how i think

" This looks like along'
' ok take trade tight stop'
'damn price going wrong way'
'lets move that stop out'
' damn damn damn' thought while punching desk
'ok lets close trade at double loss of original stop loss'
'wtf trade is going back up now'
'damn could have made 40 pip on that one'
'screw trading lets go get drunk'

Blogging daily now at www.volume.zone
  • #201,318
  • Oct 2, 2009 11:57am Oct 2, 2009 11:57am
Quoting malcolmb14
yes that is how a good trader thinks ..

this is how i think

" This looks like along'
' ok take trade tight stop'
'damn price going wrong way'
'lets move that stop out'
' damn damn damn' thought while punching desk
'ok lets close trade at double loss of original stop loss'
'wtf trade is going back up now'
'damn could have made 40 pip on that one'
'screw trading lets go get drunk'

NOW Thats FUNNY
  • #201,319
  • Oct 2, 2009 11:58am Oct 2, 2009 11:58am
Quoting Fudomyo
yeah, but if you told my mom that, she'd be very upset...

she thinks my work is based on a science of probabilities, not shooting craps. lol
  • #201,320
  • Oct 2, 2009 11:59am Oct 2, 2009 11:59am
Quoting Fudomyo
yeah, but if you told my mom that, she'd be very upset...

she thinks my work is based on a science of probabilities, not shooting craps. lol
bro.. honestly, even from mathematical point:

rolling a dices,
playing a poker, or
guessing a divergence, bounce, TL, NL, CCI, RSI, EMA, MA .....

we are talking about probabilities.. statistical, or numerical..

MM is the key for a success.. something which every good GAMBLER need to learn before he start playing the real game.
The art of FOLDING is the key..
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