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

  • #205,121
  • Oct 21, 2009 7:38pm Oct 21, 2009 7:38pm
Quoting malcolmb14
yup nothing makes sense anymore.

Look at markets today ..20 point drop in 1 hr and tomorrow we will have a new years high. (not predicting this just commenting that this could be a scenario due to so much bullshit in the markets)

hence I like day trading.

looks like gj got bought on 15m in chart at 150.70 again ..... may well see break to upside thru asia and i will be eating my hat for dinner
Make sure you have your hat ready by now...

Hello everyone and good morning..
  • #205,122
  • Oct 21, 2009 7:38pm Oct 21, 2009 7:38pm
151.30 acting as slight resistance. I'm sure it won't last though.
Que
  • #205,123
  • Oct 21, 2009 7:39pm Oct 21, 2009 7:39pm
Quoting A-speculator
Make sure you have your hat ready by now...

Hello everyone and good morning..
putting HP sauce on it as we speak ....lol
Blogging daily now at www.volume.zone
  • #205,124
  • Oct 21, 2009 7:41pm Oct 21, 2009 7:41pm
Quoting malcolmb14
putting HP sauce on it as we speak ....lol
HP Sauce?
  • #205,125
  • Oct 21, 2009 7:41pm Oct 21, 2009 7:41pm
GJ seems to range in a very small channel.. I won't be adding any position of it breakout to the upside from here, might just TP @ 153 and trade other pair for daytrade.. However, if there's a breakout to the downside, will look for the PA @ 149.40.
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  • #205,126
  • Oct 21, 2009 7:45pm Oct 21, 2009 7:45pm
Does anyone else see the Daily H&S on cable with symmetrics? Ignore my crappy paint skills with arcs ahha.
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Going to make it big by age 21.
  • #205,127
  • Oct 21, 2009 7:45pm Oct 21, 2009 7:45pm
Hey malc; wats the correlation btwn china data or the Yuan with GBP/YEN.
  • #205,128
  • Oct 21, 2009 7:48pm Oct 21, 2009 7:48pm
UJ seems trading in an ascending channel for the time being. However, expected UJ to test the UTL hence making new high for today. On a lower timeframe (1hr), UJ seems to make bull flag, breakout of the bull flag, and another bull flag..

GU on the other hand.. we have a breakout to the upside on daily. Expecting more upside exposure..
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  • #205,129
  • Oct 21, 2009 7:50pm Oct 21, 2009 7:50pm
Quoting martinipips
Hey malc; wats the correlation btwn china data or the Yuan with GBP/YEN.

if data good liekly the sse will move up ..... tkaing most of asia with it , this will be bullish for gj


if bad and sse drops it will take most of asia down with it .... SHOULD BE bearish for gj .. but these day gj may just go up 100 pip ( joking of course)

I have a feeling the lack of sellers in gj right now indicates we could break higher

I am flat right now and will stay out till tomorrow US i think ...
Blogging daily now at www.volume.zone
  • #205,130
  • Oct 21, 2009 8:04pm Oct 21, 2009 8:04pm
we have breakout of the small bull flag on UJ in 1hr.. expecting a test of 91.25 or most probably breakout.. let's see where it takes us..
  • #205,131
  • Oct 21, 2009 8:05pm Oct 21, 2009 8:05pm
Based on current PA, GJ might break resistance at 151.50. If break it next GJ will be at 155.80.

Current situation , Support at 150.60 and resistance at 151.50.

Make it simple.
  • #205,132
  • Oct 21, 2009 8:06pm Oct 21, 2009 8:06pm
Quoting PandoraBox
Based on current PA, GJ might break resistance at 151.50. If break it next GJ will be at 155.80.

Current situation , Support at 150.60 and resistance at 151.50.

Make it simple.

seems that way ....

we could have a situation like eu ... where no matter what else is going on else where gj is destinded for 155 / 160 no matter what

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  • #205,133
  • Oct 21, 2009 8:09pm Oct 21, 2009 8:09pm
Quoting malcolmb14
if data good liekly the sse will move up ..... tkaing most of asia with it , this will be bullish for gj


if bad and sse drops it will take most of asia down with it .... SHOULD BE bearish for gj .. but these day gj may just go up 100 pip ( joking of course)

I have a feeling the lack of sellers in gj right now indicates we could break higher

I am flat right now and will stay out till tomorrow US i think ...
I really appreciate.
  • #205,134
  • Oct 21, 2009 8:21pm Oct 21, 2009 8:21pm
Quoting malcolmb14
seems that way ....

we could have a situation like eu ... where no matter what else is going on else where gj is destinded for 155 / 160 no matter what

Attachment
You wrote high vol low spread = buying climax...but all my VSA notes say stuff like:

"buying climax; very high spread and very high volume, closing near but ideally not at the high, with a rising market behind it"

and the tradeguider definition of buying climax signal is an up bar, with high close, vhigh vol, vwide spread.

Please clarify?
  • #205,135
  • Oct 21, 2009 8:26pm Oct 21, 2009 8:26pm
Quoting sinner-
You wrote high vol low spread = buying climax...but all my VSA notes say stuff like:

"buying climax; very high spread and very high volume, closing near but ideally not at the high, with a rising market behind it"

and the tradeguider definition of buying climax signal is an up bar, with high close, vhigh vol, vwide spread.

Please clarify?

ok got it .. sorry that was end of a rising market... NOT buying climax


clarification

I have no clue wtf I am talking about ..lol

I know what it mean though

short off 151.40 .. bring it on Asia ...

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Blogging daily now at www.volume.zone
  • #205,136
  • Oct 21, 2009 8:40pm Oct 21, 2009 8:40pm
i want to agree with malcomb an short to but not so soon ima sit out asia for now
  • #205,137
  • Oct 21, 2009 8:40pm Oct 21, 2009 8:40pm
Quoting malcolmb14
ok got it .. sorry that was end of a rising market... NOT buying climax


clarification

I have no clue wtf I am talking about ..lol

I know what it mean though

short off 151.40 .. bring it on Asia ...

Attachment
Hehe, you are alright malc. I wish I knew half what you know.

I have been wanting more and more to trade off accumulation/distribution divergences rather than using pure VSA, how do you feel about that? Here is an example trade (which I didn't take, just monitoring right now).

Price makes lower low, A/D diverges (the actual values of the A/D lows are 6245 and 6227 but it was so tight I just put a horizontal line to show it didn't make a lower low). Long at the close of the divergence bar 150.675 for 80 odd pips so far?

Interested in this idea malc?
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  • #205,138
  • Oct 21, 2009 8:47pm Oct 21, 2009 8:47pm
Quoting malcolmb14
ok got it .. sorry that was end of a rising market... NOT buying climax


clarification

I have no clue wtf I am talking about ..lol

I know what it mean though

short off 151.40 .. bring it on Asia ...

Attachment
careful my friend..
  • #205,139
  • Oct 21, 2009 8:47pm Oct 21, 2009 8:47pm
Hey Malc,

can you give a quick rundown of your method, ie kind of sl and tp your aiming for, the indicators your using, etc. thank you

Quoting malcolmb14
ok got it .. sorry that was end of a rising market... NOT buying climax


clarification

I have no clue wtf I am talking about ..lol

I know what it mean though

short off 151.40 .. bring it on Asia ...

Attachment
  • #205,140
  • Oct 21, 2009 8:57pm Oct 21, 2009 8:57pm
Quoting A-speculator
careful my friend..

yup buyers showing up 151.20 oon 5 min closed trade for now
Blogging daily now at www.volume.zone
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