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

  • #206,181
  • Oct 29, 2009 2:02pm Oct 29, 2009 2:02pm
Quoting ukdaytrader
All true, but remember to think like the big players. They and the whole World knows 153 looks the next stop, so what do you think they'll do?

I'm long still btw and will add if we retrace lower. I actually think this could be the big one.

I'll try to dig out my post from the other day where the volumes were flagged as incorrect by others here. It showed massive buying volume on the 4hr TF at the 148.3 level last Tuesday.
I would add to my long position if it retraces at around 150.50 if it ever makes it there. in any case 153 could be a strong resistance.

We'll see tonight in Asia - I still think cable comes in tomorrow.
  • #206,182
  • Oct 29, 2009 2:09pm Oct 29, 2009 2:09pm
Quoting ukdaytrader
All true, but remember to think like the big players. They and the whole World knows 153 looks the next stop, so what do you think they'll do?

I'm long still btw and will add if we retrace lower. I actually think this could be the big one.

I'll try to dig out my post from the other day where the volumes were flagged as incorrect by others here. It showed massive buying volume on the 4hr TF at the 148.3 level last Tuesday.
I don't think 153 is a significant level.. yes, it is a resistance but I think 156.50 is more significant than 153.. IMHO. Anyway, let's see if we manage to get thru 153 first..
  • #206,183
  • Oct 29, 2009 2:12pm Oct 29, 2009 2:12pm
Quoting PandoraBox
Funny .....???

Now Answer My question, If at your chart it reverse at S2 ....So why GJ reverse at S2 ....why not S3 ?


Why ..????? Why not S3?

p/s: Different broker will show diffrent candle time, so you might get different S1 and S2 value.

I am not sure that I have answer you are looking for....but it is said that SM usually goes for example R1 to S1 or S2 to R2 etc...If this is their rule then they have right to change rule....simple they have money to move price whereever they want....we have to find a way to follow....
The Market pays you to be disciplined
  • #206,184
  • Oct 29, 2009 2:23pm Oct 29, 2009 2:23pm
Quoting A-speculator
wow.. you sure are a brave man malc.. I never expect someone to buy at this level, at least that's how i feel..

trading the range .... that is all

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  • #206,185
  • Oct 29, 2009 2:28pm Oct 29, 2009 2:28pm
my POC for today has just moved to 151.45.

was looking for move to 150.35-50 area (my POC for tues) for long but looking at what its done since the up move, i dont think its going to go there. london had a whopping 20 pips of profit taking after a 400 pip up move, they expect higher to come.
  • #206,186
  • Oct 29, 2009 2:33pm Oct 29, 2009 2:33pm
Now if the Daily TL at 153 weekly R1 breaks than 156-157 is the next stop based on my weekly TL

Bias on the weekly looks bullish if the 153.00 breaks..

My indicator crossed up for a bullish bias..

This may playout next week or this friday

Who knows.. This beast is Kaboom crazy

Trade your charts

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[
  • #206,187
  • Oct 29, 2009 2:39pm Oct 29, 2009 2:39pm
Quoting ewokuk
my POC for today has just moved to 151.45.

was looking for move to 150.35-50 area (my POC for tues) for long but looking at what its done since the up move, i dont think its going to go there. london had a whopping 20 pips of profit taking after a 400 pip up move, they expect higher to come.

often when POC so high on the dayt if pricxe drops under it it can be ALL sellers....

watch for that.

NIkkei looking at way it closed yesterday on 4 hour is set to rise today....

not sure if this will take gj up though as often on usd weakness asia has sold UJ
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  • #206,188
  • Oct 29, 2009 4:44pm Oct 29, 2009 4:44pm
off topic but noticed something.

check the audusd volume on the down move yesterday, all much higher than on the up move today. could this indicate no REAL buying interest today and hence down move to continue now? i dont think it was buying on that volume yesterday as it was happening quite high up compared to how low it got, and the vol at the low was very low. i am not seeing the same thing on GU or GJ where todays volume was overall higher in GU and about the same in GJ.
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  • #206,189
  • Oct 29, 2009 5:07pm Oct 29, 2009 5:07pm
but check the volume profile for the whole week. price stopped at pvp, and it did that leaving a volume spike on h4.
i would definitely watch what happens next week... this doesn't look like the usual correction.

Quoting ewokuk
off topic but noticed something.

check the audusd volume on the down move yesterday, all much higher than on the up move today. could this indicate no REAL buying interest today and hence down move to continue now? i dont think it was buying on that volume yesterday as it was happening quite high up compared to how low it got, and the vol at the low was very low. i am not seeing the same thing on GU or GJ where todays volume was overall higher in GU and about the same in GJ.
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Nihil Sine Deo.
  • #206,190
  • Oct 29, 2009 6:03pm Oct 29, 2009 6:03pm
Here is 4H chart of GJ. Will see what happen. Too many news on JPY today.
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  • #206,191
  • Oct 29, 2009 7:00pm Oct 29, 2009 7:00pm
Quoting ewokuk
off topic but noticed something.

check the audusd volume on the down move yesterday, all much higher than on the up move today. could this indicate no REAL buying interest today and hence down move to continue now? i dont think it was buying on that volume yesterday as it was happening quite high up compared to how low it got, and the vol at the low was very low. i am not seeing the same thing on GU or GJ where todays volume was overall higher in GU and about the same in GJ.
Isn't testing the lows on low vol extremely bullish?
  • #206,192
  • Oct 29, 2009 7:07pm Oct 29, 2009 7:07pm
Hi guys,

I am looking for your advice today.

Interested in building a GBP/AUD long today with an eye for it to return to the historical 2.0 level.

Would appreciate your thoughts on the matter.
  • #206,193
  • Oct 29, 2009 9:15pm Oct 29, 2009 9:15pm
Quoting sinner-
Hi guys,

I am looking for your advice today.

Interested in building a GBP/AUD long today with an eye for it to return to the historical 2.0 level.

Would appreciate your thoughts on the matter.

Been lurking around here for quite some time guess its time to post something---WHERE DID EVERYONE GO?
  • #206,194
  • Oct 29, 2009 9:39pm Oct 29, 2009 9:39pm
Quoting A-speculator
Please look at my previous post, I said that several pairs is already at the cluster support which indicate we were at turning point. I also post some chart along with the fibo level.. you might want to take a look at my previous post, hope that helps..
I'm sorry to say, your chart still not answer my question.
  • #206,195
  • Oct 29, 2009 9:51pm Oct 29, 2009 9:51pm
Quoting ewokuk
off topic but noticed something.

check the audusd volume on the down move yesterday, all much higher than on the up move today. could this indicate no REAL buying interest today and hence down move to continue now? i dont think it was buying on that volume yesterday as it was happening quite high up compared to how low it got, and the vol at the low was very low. i am not seeing the same thing on GU or GJ where todays volume was overall higher in GU and about the same in GJ.
For aud/usd - If there was no buying on the downmove on 28th in high volume, why did the market go up on 29th with low volume? High volumes on upmoves are a sign of weakness as we know from vsa so this low volume upmove could be considered a strong move.

Also worth noting how the candles formed on 29th upmove, large spread closing on highs and low volume. This must be a sign of strength right?
  • #206,196
  • Oct 29, 2009 9:58pm Oct 29, 2009 9:58pm
Quoting PandoraBox
I'm sorry to say, your chart still not answer my question.
here is bro.. few charts i posted 34h ago..

[Case #1] ... 37h ago

http://www.forexfactory.com/showpost...2&postcount=73

http://www.forexfactory.com/attachme...5&d=1256736170
  • #206,197
  • Oct 29, 2009 10:01pm Oct 29, 2009 10:01pm
Pandora..


[Case #2] ...34h ago..

http://www.forexfactory.com/showpost...0&postcount=85

http://cdn.forexfactory.com/attachme...1&d=1256748282

http://cdn.forexfactory.com/attachme...1&d=1256748423
  • #206,198
  • Oct 29, 2009 10:13pm Oct 29, 2009 10:13pm
Quoting Piters
Pandora..


[Case #2] ...34h ago..

http://www.forexfactory.com/showpost...0&postcount=85


So, Piters, do u expect it to trade down from here?
Thanks.
  • #206,199
  • Oct 29, 2009 10:20pm Oct 29, 2009 10:20pm
Quoting mktjong
So, Piters, do u expect it to trade down from here?
Thanks.
bro, have to run now, Hopeful I can post some more charts shortly.. so far looks like a pulback to 150 and then up to 153 and higher

in nutshell 3 gates:

South: - 147.50 - 141.10
North: - 151.50 and 153.30 (then everything is clear t 157 or higher)

BB in few hours bro..
  • #206,200
  • Oct 29, 2009 10:28pm Oct 29, 2009 10:28pm
Quoting uksnowman
For aud/usd - If there was no buying on the downmove on 28th in high volume, why did the market go up on 29th with low volume? High volumes on upmoves are a sign of weakness as we know from vsa so this low volume upmove could be considered a strong move.

Also worth noting how the candles formed on 29th upmove, large spread closing on highs and low volume. This must be a sign of strength right?
low vol ???

the up move is on normal vol after we saw defined bottom


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