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

  • #206,861
  • Nov 4, 2009 4:58pm Nov 4, 2009 4:58pm
Quoting malcolmb14
sorry to hear your loss of 5th account. Trading is not easy. Bad couple of days for me on fx also...cannot seem to do anything right
I am seek of this PA too...this stupid FOMC news made me close all my positions while I think I should have kept them open...

BTW Malc. where do you think GU is headed for the rest of the week?...
  • #206,862
  • Nov 4, 2009 5:08pm Nov 4, 2009 5:08pm
Quoting Fusion
I am seek of this PA too...this stupid FOMC news made me close all my positions while I think I should have kept them open...

BTW Malc. where do you think GU is headed for the rest of the week?...

honestly have no clue

...sorry ...

I am planning this trade for asia though

sell off 150.45 (high vol pivot), target vwap at 149.80

Attached Image (click to enlarge)
Click to Enlarge Name: chart04a.gif Size: 21 KB
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  • #206,863
  • Nov 4, 2009 5:16pm Nov 4, 2009 5:16pm
Quoting malcolmb14
honestly have no clue

...sorry ...

I am planning this trade for asia though

sell off 150.45 (high vol pivot), target vwap at 149.80

Attachment
149.78 is also the new DPP

just experimenting with this market statistics one as it shows a vwap. looks like a moving average, im testing different MA settings and see if i can get one thats close
  • #206,864
  • Nov 4, 2009 5:33pm Nov 4, 2009 5:33pm
Quoting malcolmb14
honestly have no clue

...sorry ...

I am planning this trade for asia though

sell off 150.45 (high vol pivot), target vwap at 149.80

Attachment
Thanks Malc.
  • #206,865
  • Nov 4, 2009 5:43pm Nov 4, 2009 5:43pm
PA has been strange these past 3-4 days. Last Thurs and Fri were a killer for those expecting breakouts.

I did get stopped out on my short scalp from 150 earlier. Volume on 15m looked very much like a buying climax and weakness, but nevermind. Think some consolidation/sideways movement now before next move higher.

As Pandora said, MPP will act as strong support now.

Above Gann on 4hr TF.
QQE bullish on 4hr TF.
Above 50 and 200 ema on 4hr TF.
Above WPP

etc etc.

I think kaboom is a long way off, maybe not until 2011.
  • #206,866
  • Nov 4, 2009 5:48pm Nov 4, 2009 5:48pm
as some of you gj traders want to have a stab at trading with volume I have been digging around on the internet.

heree is an indie that plots X amount of high volume pivots for you...

chart will look like this..
see how there was one at 150.45 that we dropped off , and one at 149.66 , just under my Asia trade target( if 150 breaks)

look for vsa set ups on or around these areas of prior high volume pivots.

Attached Image (click to enlarge)
Click to Enlarge Name: chart04a.gif Size: 23 KB


Attached File(s)
File Type: mq4 marketprofile_pob.mq4   7 KB | 471 downloads
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  • #206,867
  • Nov 4, 2009 5:50pm Nov 4, 2009 5:50pm
the swing trader in me came out this week... got burnt once again ...

so now I have put any idea of swing trading right out of my mind and day trade only.

seems easier to make money that way.

Quoting ukdaytrader
PA has been strange these past 3-4 days. Last Thurs and Fri were a killer for those expecting breakouts.

I did get stopped out on my short scalp from 150 earlier. Volume on 15m looked very much like a buying climax and weakness, but nevermind. Think some consolidation/sideways movement now before next move higher.

As Pandora said, MPP will act as strong support now.

Above Gann on 4hr TF.
QQE bullish on 4hr TF.
Above 50 and 200 ema on 4hr TF.
Above WPP

etc etc.

I think kaboom is a long way off, maybe not until 2011.
Blogging daily now at www.volume.zone
  • #206,868
  • Nov 4, 2009 6:12pm Nov 4, 2009 6:12pm
POORTRADER.....

sorry to hear about your loss....and the most importanly your CONFIDENCE. i have a lot of loss...and what keep me going in this game is my CONFIDENCE and i know that i'm getting good at it and start to fell in love with all of it....even though it burn me so..much.
  • #206,869
  • Nov 4, 2009 6:18pm Nov 4, 2009 6:18pm
closed this trade 6 pip off vwap ... good enough for now ... , vwap is sitting at 149.80 right now.

Quoting malcolmb14
as some of you gj traders want to have a stab at trading with volume I have been digging around on the internet.

heree is an indie that plots X amount of high volume pivots for you...

chart will look like this..
see how there was one at 150.45 that we dropped off , and one at 149.66 , just under my Asia trade target( if 150 breaks)

look for vsa set ups on or around these areas of prior high volume pivots.

Attachment

Attachment
Blogging daily now at www.volume.zone
  • #206,870
  • Nov 4, 2009 6:24pm Nov 4, 2009 6:24pm
there is a chance that uj gets weaker in asia taking gj down

IF 149.66 breaks we see next support level 149.06. IF 149.66 is tested and holds we could see re-test 150.45

Attached Image (click to enlarge)
Click to Enlarge Name: chart04a.gif Size: 25 KB
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  • #206,871
  • Edited 6:39pm Nov 4, 2009 6:29pm | Edited 6:39pm
Quoting ukdaytrader
PA has been strange these past 3-4 days. Last Thurs and Fri were a killer for those expecting breakouts.

I did get stopped out on my short scalp from 150 earlier. Volume on 15m looked very much like a buying climax and weakness, but nevermind. Think some consolidation/sideways movement now before next move higher.

As Pandora said, MPP will act as strong support now.

Above Gann on 4hr TF.
QQE bullish on 4hr TF.
Above 50 and 200 ema on 4hr TF.
Above WPP

etc etc.

I think kaboom is a long way off, maybe not until 2011.
YEs, I have to say something ...

Kaboom or what ever name for a CRASH, or huge MARKET decline as we saw in '07 and '08 is a PAST..
World leaders took a lot of steps to prevent that crash.. Instead, we are going to see a nice decline and a nice run on all markets.. Just open the Higher TF charts, and you are going to see a nice swings.. Up and down, but basicaly we are in a nice wide range.. GU.. GY, ..
YES long term USD is going down, lots of reasons are behind from huge deficit, to too many Dollars printed .. ect..

SO...,

The best part is to expect daily range.. and trade the daily quota.. Any other expectation as a HUGE run, kapushi, kabomi... or whatever else only can destroy your MINDSET and Account..

Trade your chart.. trade your daily range.. research what is the daily range last week, last month, last year, and have a look where your favorite currency is going today...

Stay away from Ka***** and Ka******

Any collective expectation for a huge gain in one day, can destroy your Account..
Then, a question is here, what is the purpose of the public forums as FF ???

Thanks..
  • #206,872
  • Nov 4, 2009 6:57pm Nov 4, 2009 6:57pm
Quoting Piters
YEs, I have to say something ...

Kaboom or what ever name for a CRASH, or huge MARKET decline as we saw in '07 and '08 is a PAST..
World leaders took a lot of steps to prevent that crash.. Instead, we are going to see a nice decline and a nice run on all markets.. Just open the Higher TF charts, and you are going to see a nice swings.. Up and down, but basicaly we are in a nice wide range.. GU.. GY, ..
YES long term USD is going down, lots of reasons are behind from huge deficit, to too many Dollars printed .. ect..

SO...,

The best part is...

  • #206,873
  • Nov 4, 2009 6:58pm Nov 4, 2009 6:58pm
Quoting Piters
YEs, I have to say something ...

Kaboom or what ever name for a CRASH, or huge MARKET decline as we saw in '07 and '08 is a PAST..
World leaders took a lot of steps to prevent that crash.. Instead, we are going to see a nice decline and a nice run on all markets.. Just open the Higher TF charts, and you are going to see a nice swings.. Up and down, but basicaly we are in a nice wide range.. GU.. GY, ..

<cut>

Stay away from Ka***** and Ka******

Any collective expectation for a huge gain in one day, can destroy your Account..
Then, a question...
Nice say bro. Just trade one at a day. As u said don't expect too much or very big pips...cool ..
  • #206,874
  • Nov 4, 2009 6:58pm Nov 4, 2009 6:58pm
Just want to thank you Piters and Malc for your reasoned and intelligent perspective on what's going on. Helps keep things in perspective.
  • #206,875
  • Nov 4, 2009 6:58pm Nov 4, 2009 6:58pm
Well, it does give us the ability to enjoy other peoples company who share a common interest

incidentally I am shorting the AUD/JPY a little bit at the moment. If I was trading the GBP/JPY I'd be shorting it also.

Quoting Piters
YEs, I have to say something ...

Any collective expectation for a huge gain in one day, can destroy your Account..
Then, a question is here, what is the purpose of the public forums as FF ???

Thanks..
  • #206,876
  • Edited 11:48pm Nov 4, 2009 7:03pm | Edited 11:48pm
here are my near targets for short.

GL with your trades
Attached Image (click to enlarge)
Click to Enlarge Name: gyth.gif Size: 39 KB
  • #206,877
  • Nov 4, 2009 7:45pm Nov 4, 2009 7:45pm
Quoting Fudomyo
Well said.


I think the purpose of a forum like FF is knowledge sharing for us little fish, working together.

<cut>

btw: here are my near targets for short.

GL with your trades
You have just reached your 1st target
  • #206,878
  • Nov 4, 2009 7:52pm Nov 4, 2009 7:52pm
Quoting mktjong
You have just reached your 1st target
exited there actually. We may pull back a bit with UJ bouncing off 90.38/38.2% fib. and GY touching the 200ema on the 15M. looking for the next entry point.

not bad... +53
  • #206,879
  • Nov 4, 2009 7:59pm Nov 4, 2009 7:59pm
Quoting Fudomyo
exited there actually. We may pull back a bit with UJ bouncing off 90.38/38.2% fib. and GY touching the 200ema on the 15M. looking for the next entry point.

not bad... +53
Excellent .. don't be greedy. It is more than enough
  • #206,880
  • Nov 4, 2009 7:59pm Nov 4, 2009 7:59pm
Quoting Fudomyo
exited there actually. We may pull back a bit with UJ bouncing off 90.38/38.2% fib. and GY touching the 200ema on the 15M. looking for the next entry point.

not bad... +53
I came close to that at +48pips on the AUD/JPY. Good trade all around
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