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

  • #204,381
  • Oct 19, 2009 4:12am Oct 19, 2009 4:12am
Quoting ewokuk
not totally convinced yet, it found some volume eventually. i put a sell order at 147.47. it migt be heading for 147.70 again
I hope the UJ will retest his todays' low , it should drag GY with it
COT: The precious data ignored
  • #204,382
  • Oct 19, 2009 4:15am Oct 19, 2009 4:15am
Quoting kuroro001
I hope the UJ will retest his todays' low , it should drag GY with it
you mean the hammer in 1hr that spike right to the F38? Let's see where current 1hr candle close
  • #204,383
  • Oct 19, 2009 4:16am Oct 19, 2009 4:16am
got in short gj at 147.50. stops real close though at BE already so might get stopped out if it doesnt drop from here
  • #204,384
  • Oct 19, 2009 4:19am Oct 19, 2009 4:19am
Quoting ewokuk
got in short gj at 147.50. stops real close though at BE already so might get stopped out if it doesnt drop from here
your position is right at the support. Why not wait for breakout then have a pending order at the support? I much safer, doesn't it? If you like to gamble, then long right at the support then.. Your rationale positioning your trade really confuses me..

I think that is why you short, price go up and vice versa..
  • #204,385
  • Oct 19, 2009 4:20am Oct 19, 2009 4:20am
Quoting A-speculator
you mean the hammer in 1hr that spike right to the F38? Let's see where current 1hr candle close
Nope..based on probabilty...the 30mn trend is down for me...the 5mn as well..and in the 5mn it hit resistance (ichimoku indicator)..so there is a like a 80% of chance of going down
I have a 20% of chance of being wrong, i'll try it
short at 90.64...tp 90.15 for now
COT: The precious data ignored
  • #204,386
  • Oct 19, 2009 4:22am Oct 19, 2009 4:22am
Quoting A-speculator
your position is right at the support. Why not wait for breakout then have a pending order at the support? I much safer, doesn't it? If you like to gamble, then long right at the support then.. Your rationale positioning your trade really confuses me..

I think that is why you short, price go up and vice versa..
what support? i see support at 147, resistance 147.70 area, but not 147.50.

stopped out when uj spiked up anyway. its a bit jumpy at the moment
  • #204,387
  • Oct 19, 2009 4:23am Oct 19, 2009 4:23am
Quoting kuroro001
Nope..based on probabilty...the 30mn trend is down for me...the 5mn as well..and in the 5mn it hit resistance (ichimoku indicator)..so there is a like a 80% of chance of going down
I have a 20% of chance of being wrong, i'll try it
short at 90.64...tp 90.15 for now
how about in 1hr then? If current candle manage to close above the hammer.. then I think, it will go up.. and i guess there is 80% chance hammer at support will move up, not down.. just my 2 cents..
  • #204,388
  • Oct 19, 2009 4:24am Oct 19, 2009 4:24am
Quoting ewokuk
what support? i see support at 147 not 147.50.

stopped out when uj spiked up anyway
ok orion, try see 1hr chart. draw a horizontal line @ 147.40.. you will see a minor resistance turned support, or check my chart I post before..
  • #204,389
  • Oct 19, 2009 4:26am Oct 19, 2009 4:26am
Quoting A-speculator
how about in 1hr then? If current candle manage to close above the hammer.. then I think, it will go up.. and i guess there is 80% chance hammer at support will move up, not down.. just my 2 cents..
Yeh indeed you are right i might be wrong...but i have more chance of being right than wrong so i give it a try
btw i only check 30mn and 5mn UT...it always worked for me so i'll keep it this way
COT: The precious data ignored
  • #204,390
  • Oct 19, 2009 4:33am Oct 19, 2009 4:33am
Quoting kuroro001
Yeh indeed you are right i might be wrong...but i have more chance of being right than wrong so i give it a try
btw i only check 30mn and 5mn UT...it always worked for me so i'll keep it this way
If you really want to short, I think the best place/ logical place is at 90.75 (might be the resistance turned support turned resistance )
  • #204,391
  • Oct 19, 2009 4:37am Oct 19, 2009 4:37am
Quoting A-speculator
If you really want to short, I think the best place/ logical place is at 90.75 (might be the resistance turned support turned resistance )
I'm not logical so i short where my chart / indicators tell me to do so

Catch you in 2 hours to see how this trade went ^^
COT: The precious data ignored
  • #204,392
  • Oct 19, 2009 4:37am Oct 19, 2009 4:37am
Quoting ewokuk
what support? i see support at 147, resistance 147.70 area, but not 147.50.

stopped out when uj spiked up anyway. its a bit jumpy at the moment
if you want to understand and trade vsa looks at all time frames

move down low volume on 30 and 60 min on retracement

massive buying at 147

you are now shorting against the pros buying

we could be in range now 147 to 149
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  • #204,393
  • Oct 19, 2009 4:38am Oct 19, 2009 4:38am
Quoting kuroro001
I'm not logical so i short where my chart / indicators tell me to do so

Catch you in 2 hours to see how this trade went ^^
ok.. GL then..
  • #204,394
  • Oct 19, 2009 4:40am Oct 19, 2009 4:40am
Quoting kuroro001
Yeh indeed you are right i might be wrong...but i have more chance of being right than wrong so i give it a try
btw i only check 30mn and 5mn UT...it always worked for me so i'll keep it this way
60 min uj is bull flag ... would not bother shorting it with that pin bar at a 38 % retracement only

if you insist on shorting wait for re test 91 and see if there is still valid reason to

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  • #204,395
  • Oct 19, 2009 4:41am Oct 19, 2009 4:41am
Quoting malcolmb14
if you want to understand and trade vsa looks at all time frames

move down low volume on 30 and 60 min on retracement

massive buying at 147

you are now shorting against the pros buying

we could be in range now 147 to 149
Welcome back malc.. that was 1 really fast nap..
  • #204,396
  • Oct 19, 2009 4:41am Oct 19, 2009 4:41am
Quoting malcolmb14
if you want to understand and trade vsa looks at all time frames

move down low volume on 30 and 60 min on retracement

massive buying at 147

you are now shorting against the pros buying

we could be in range now 147 to 149
hmmm im seeing the opposite. down move with more volume and volume dropped off since its been moving up. or is that because the extra volume on the down move was hidden buying? meaning they are already long now so the lower volume now just means they are already in?

thought you went to sleep lol
  • #204,397
  • Oct 19, 2009 4:44am Oct 19, 2009 4:44am
Quoting malcolmb14
60 min uj is bull flag ... would not bother shorting it with that pin bar at a 38 % retracement only

if you insist on shorting wait for re test 91 and see if there is still valid reason to

Attachment

12 hr uj ....

we bounced off 100 fe , back to 61.8 % fe , found support , if 90.35 holds journey to 161.8 fe commences .... 92.82

look at volume on retrace .. there is none .. this does not suggest real selling by pros

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  • #204,398
  • Oct 19, 2009 4:47am Oct 19, 2009 4:47am
gu 60 min barely even retraced

found buyers 1,6235 ,

seems to be in some form of shallow flag .. / downward channel , breaks 1.6320 takes us to 1.6500 and higher

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  • #204,399
  • Oct 19, 2009 4:49am Oct 19, 2009 4:49am
Quoting ewokuk
hmmm im seeing the opposite. down move with more volume and volume dropped off since its been moving up. or is that because the extra volume on the down move was hidden buying? meaning they are already long now so the lower volume now just means they are already in?

thought you went to sleep lol
I did 1 hr only for now ..wanted to see test 147 for long ... could see down move low vol

lets see me using vsa 2 years ... you using it 2 weeks ..lol .. who do you think is right ?
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  • #204,400
  • Oct 19, 2009 4:50am Oct 19, 2009 4:50am
Quoting malcolmb14
gu 60 min barely even retraced

found buyers 1,6235 ,

seems to be in some form of shallow flag .. / downward channel , breaks 1.6320 takes us to 1.6500 and higher

Attachment
I think 1.6320 is too shallow bro for the confirmation of the march.. I'm thinking breakout of the 1.6370.. that will truly confirms the move to more upside..
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