I hope he was able to withstand the drawdown. Was a good call. 
Auslanco - GBP/JPY and GBP/USD (newstrade)
- #202,062
- Oct 7, 2009 8:15am Oct 7, 2009 8:15am
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
OH MY GOSHHHHH ....KABOOOMMMM in the processs .... THIS IS ITTT.. love my kabooommmm ,, expect to kaboommm to 130 .
kaboom shoved up your ... never mind .....
what a classic bear trap ... low volume break support ... classic ......
Blogging daily now at www.volume.zone
- #202,063
- Oct 7, 2009 8:19am Oct 7, 2009 8:19am
- Joined Aug 2007 | Status: Trader | 2,616 Posts
What happend to YEN?
- #202,065
- Oct 7, 2009 8:19am Oct 7, 2009 8:19am
- Joined Oct 2007 | Status: Take The A-Trade | 2,303 Posts
kaboom shoved up your ... never mind .....
what a classic bear trap ... low volume break support ... classic ......
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
- #202,067
- Oct 7, 2009 8:25am Oct 7, 2009 8:25am
- | Joined Nov 2006 | Status: Trader | 5,040 Posts
strange, but I SAID the same thing 7h ago...
weak breakout, with strange timing...
- #202,068
- Oct 7, 2009 8:27am Oct 7, 2009 8:27am
- Joined Sep 2006 | Status: Collector | 9,833 Posts
Could it be intervention?
this is like a short time Profit managing.. buying cheap.. selling expensive..
p
- #202,069
- Oct 7, 2009 8:27am Oct 7, 2009 8:27am
- Joined Dec 2008 | Status: Trader | 2,753 Posts
Interesting, Gold on the clouds and GJ is @139xx max
My bet is that currencies do not set the agenda, they can be 'controlled', (albeit in a very blunt way), by central banks. Companies and earnings do though IMO and until China can buy what it supplies, it's in absolutely everyone's interest to make this recovery work.
I have a very rudimentary view on fundies tbh, but this is how I see the bigger picture.
- #202,070
- Oct 7, 2009 8:28am Oct 7, 2009 8:28am
- | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
I am looking to short @142400 SL 143200
Seems big boys (US, YEN) are at war, who can sell most
strange, but I SAID the same thing 7h ago...
weak breakout, with strange timing...
- #202,071
- Oct 7, 2009 8:29am Oct 7, 2009 8:29am
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,886 Posts
Mmm! Just press Attachment button Malc!
go ahead ... right now no reason to on 15 min chart ....
we break upper value area yesterday (142) she rocks another 100 pip
move down in asia thru london was on LOW volume .. very big trap .. not set for 150 pip IMHO
Blogging daily now at www.volume.zone
- #202,072
- Oct 7, 2009 8:30am Oct 7, 2009 8:30am
- | Joined Nov 2006 | Status: Trader | 5,040 Posts
not really.. dont believe so.. the intervention would give us 600p on GY and 300 on UY..
this is like a short time Profit managing.. buying cheap.. selling expensive..
p
Anyway, it's gonna be higher for a day or two .. imo.
- #202,073
- Oct 7, 2009 8:31am Oct 7, 2009 8:31am
- Joined Sep 2006 | Status: Collector | 9,833 Posts
I am looking to short @142400 SL 14200.
Seems big boys (US, YEN) are at war, who can sell most
already posted on other GU thread.. we may range here and close just right at this level.. a bit higher above DPP..
My 4h candle close in 30min.. the next one they are going to push above 142.20 right to 143.20-143.50...
im not seeing any sellers here YET.. ! no rejection from DPP and GANN - 4h
p
- #202,074
- Oct 7, 2009 8:33am Oct 7, 2009 8:33am
- Joined Oct 2007 | Status: Take The A-Trade | 2,303 Posts
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
- #202,076
- Oct 7, 2009 8:37am Oct 7, 2009 8:37am
- Joined Jan 2009 | Status: bye FF | 8,806 Posts
kaboom shoved up your ... never mind .....
what a classic bear trap ... low volume break support ... classic ......
what u think.? u have been trading volume like sound system....brave VSA masta
MY OPINION NOT FINANCIAL ADVISE
- #202,077
- Oct 7, 2009 8:39am Oct 7, 2009 8:39am
- Joined Mar 2007 | Status: 'sleeping in a dumpster' | 2,151 Posts
- #202,078
- Oct 7, 2009 8:42am Oct 7, 2009 8:42am
- Joined Dec 2008 | Status: Trader | 2,753 Posts
Following on from the VSA analysis I posted earlier today, this 4hr chart is worth a look.
Look at the last 3 volume bars in relation to the price bars above:
Look at the last 3 volume bars in relation to the price bars above:
- The first volume bar was average volume for the time of day and price dropped 69 pips.
- The second volume bar was double the volume and price dropped 49 pips. (BUYERS)
- The third volume bar has not completed yet, but is already higher than the previous one. Price has risen 151 pips already. (LOTS OF BUYERS). And also confirmation of buyers on last bar.
Not many signs of weakness in this upmove so far, but stay on your toes. 
- #202,079
- Oct 7, 2009 9:34am Oct 7, 2009 9:34am
- | Joined Nov 2007 | Status: Trader | 1,839 Posts
Well, this is just the beginning (already 200 pips). We still have another 24 hrs to verify it
Anyway, it's gonna be higher for a day or two .. imo.
whats the 24hrs ( news )
all the best
