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

  • #203,921
  • Oct 16, 2009 12:57am Oct 16, 2009 12:57am
Quoting Mr.Elliott
wish i could read the volume (supply & demand) like malc do........may i know how do you that.....???
target 1.6400


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  • #203,922
  • Oct 16, 2009 1:06am Oct 16, 2009 1:06am
i mean how do you know there is a buyer coming in and any shake out occur.....just by looking at the candlestick and the volume bars...i just don't see it....
  • #203,923
  • Oct 16, 2009 1:06am Oct 16, 2009 1:06am
Quoting malcolmb14
target 1.6400


Attachment
stopped out BE

off to bed

good luck all
Blogging daily now at www.volume.zone
  • #203,924
  • Oct 16, 2009 1:08am Oct 16, 2009 1:08am
Quoting malcolmb14
target 1.6400


Attachment
Could post what platform and indicators you are using in this chart?

Thanks
  • #203,925
  • Oct 16, 2009 1:12am Oct 16, 2009 1:12am
later malc

Quoting malcolmb14
stopped out BE

off to bed

good luck all
  • #203,926
  • Oct 16, 2009 1:15am Oct 16, 2009 1:15am
Quoting malcolmb14
target 1.6400


Attachment
Just playing devil's advocate here, but is there any use of the retrospectoscope in your otherwise instructive chart? For example, the candle you label as "selling climax" is identical to one a few hours before which was followed by further selling.
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  • #203,927
  • Oct 16, 2009 1:20am Oct 16, 2009 1:20am
anyone has got any news on the sudden decline on GBP?
  • #203,928
  • Oct 16, 2009 1:24am Oct 16, 2009 1:24am
Quoting cgldsmth
Just playing devil's advocate here, but is there any use of the retrospectoscope in your otherwise instructive chart? For example, the candle you label as "selling climax" is identical to one a few hours before which was followed by further selling.

post a chart and then I can see it better .. it is not about 1 candle .... the sign of buyers coupled coupled with the shake out was a sign of the long

I was up 20 pip should have taken it lol
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  • #203,929
  • Oct 16, 2009 1:24am Oct 16, 2009 1:24am
Quoting lyy.sg
anyone has got any news on the sudden decline on GBP?
well, could be that after such a big run up and it being friday and the trend being down longterm that major profits are to be booked today. Far too much hype with those Goldmann results IMO.
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  • #203,930
  • Oct 16, 2009 1:25am Oct 16, 2009 1:25am
Quoting lyy.sg
anyone has got any news on the sudden decline on GBP?
Strong Resistance at 148.65(around there)
  • #203,931
  • Oct 16, 2009 1:25am Oct 16, 2009 1:25am
Quoting malcolmb14
post a chart and then I can see it better .. it is not about 1 candle .... the sign of buyers coupled coupled with the shake out was a sign of the long

I was up 20 pip should have taken it lol

I was referring to your chart. Anyway, some can read between the lines (or candles) better than others, and I guess you are the former.
TRADE FOR SWAP
  • #203,932
  • Oct 16, 2009 1:27am Oct 16, 2009 1:27am
Quoting lyy.sg
anyone has got any news on the sudden decline on GBP?
in volatile times like this pull backs are often hard and fast .... liekly you are seeing some profit taking or even sellers starting to establish sell positions
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  • #203,933
  • Oct 16, 2009 1:27am Oct 16, 2009 1:27am
lyy.sganyone has got any news on the sudden decline on GBP?
Quote
anyone has got any news on the sudden decline on GBP?

look at the news....most probably it could be of BOJ shirakawa.....speech
  • #203,934
  • Oct 16, 2009 1:27am Oct 16, 2009 1:27am
Quoting lyy.sg
anyone has got any news on the sudden decline on GBP?
BOJ Governor speaking at :35 after the hour. Inside money setting up.
  • #203,935
  • Oct 16, 2009 1:31am Oct 16, 2009 1:31am
Malc....one question...in your trading...do you use....more technical or fundamentals........or evenly on both...
  • #203,936
  • Oct 16, 2009 1:31am Oct 16, 2009 1:31am
after thinking about this sudden price move, i realised that there're many implications that could lead to this..

Could be friday, profit taking day, and most of the GJ/GU longs are covered prior to the speech of BOJ Gov.

OR it could just be insider trading.

OR just a plain huge amount of speculators.

gawd.
  • #203,937
  • Oct 16, 2009 1:34am Oct 16, 2009 1:34am
Quoting Mr.Elliott
Malc....one question...in your trading...do you use....more technical or fundamentals........or evenly on both...

100 % technicals
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  • #203,938
  • Oct 16, 2009 1:36am Oct 16, 2009 1:36am
Quoting lyy.sg
after thinking about this sudden price move, i realised that there're many implications that could lead to this..

Could be friday, profit taking day, and most of the GJ/GU longs are covered prior to the speech of BOJ Gov.

OR it could just be insider trading.

OR just a plain huge amount of speculators.

gawd.

or it could be that we have moved 600 pip in a day with no retrace and this 100 pip is the start of a retrace


or it could just be the frankie fake out
Blogging daily now at www.volume.zone
  • #203,939
  • Oct 16, 2009 1:44am Oct 16, 2009 1:44am
Quoting Mr.Elliott
wish i could read the volume (supply & demand) like malc do........may i know how do you that.....???
Counting pips won't help you much - just use support and resistance and some PA..
I've got my pips - go get yours!
  • #203,940
  • Oct 16, 2009 1:52am Oct 16, 2009 1:52am
maybe we get to test 1.6220 / 1.6150 ..... oh the games they play

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