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

  • #206,981
  • Nov 5, 2009 9:06am Nov 5, 2009 9:06am
Quoting rgitt05
Tomorrow,NFP report will KABOOM

be careful with kaboom exceptions because big players remain bullish and buying pressure is still on
  • #206,982
  • Nov 5, 2009 9:39am Nov 5, 2009 9:39am
Quoting metlife777
be careful with kaboom exceptions because big players remain bullish and buying pressure is still on

major congestion zone ...sell off 150.50 x 2 for 160 pi

I think distribution of sorts..... but we can see majors resistacne 150 to 150.50 , major support 148 to 148.50 ( each red line ios a high volume pivot form prior sessions)

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  • #206,983
  • Nov 5, 2009 10:02am Nov 5, 2009 10:02am
Quoting malcolmb14
major congestion zone ...sell off 150.50 x 2 for 160 pi

I think distribution of sorts..... but we can see majors resistacne 150 to 150.50 , major support 148 to 148.50 ( each red line ios a high volume pivot form prior sessions)

Attachment
seasonly we should be already more down by today (IMO) and that move looks inevitable but just postponed until their target not reached; who knows what target is? could be retest of 1.7 for GU or higher?
  • #206,984
  • Nov 5, 2009 10:10am Nov 5, 2009 10:10am
Quoting malcolmb14
major congestion zone ...sell off 150.50 x 2 for 160 pi

I think distribution of sorts..... but we can see majors resistacne 150 to 150.50 , major support 148 to 148.50 ( each red line ios a high volume pivot form prior sessions)

Attachment
I see irregularity of moves on charts
  • #206,985
  • Nov 5, 2009 10:57am Nov 5, 2009 10:57am
Quoting metlife777
I see irregularity of moves on charts

volume is also very low.....

maybe day before nfp
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  • #206,986
  • Nov 5, 2009 11:21am Nov 5, 2009 11:21am
I prefer the London Session over the U.S session, in regards to momentum/volume. Do you think we will get much movement during the Asian Session Today?

Quoting malcolmb14
volume is also very low.....

maybe day before nfp
  • #206,987
  • Nov 5, 2009 11:29am Nov 5, 2009 11:29am
Quoting dreed
I prefer the London Session over the U.S session, in regards to momentum/volume. Do you think we will get much movement during the Asian Session Today?
I think if anything ,and 150 holds, we pop to level piters mentioned 151.35

I am looking to pick up a long for asia off 150 to 150.15

seems ES is holding resistance 1062. This day looks all to conveniewnt .. if you know what I mean , ES may close just shy of resistance. Why do i get feeling this is set up for tomorrow?
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  • #206,988
  • Nov 5, 2009 11:47am Nov 5, 2009 11:47am
gu continuation wegde ....

maybe break to upside in asia

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  • #206,989
  • Nov 5, 2009 11:48am Nov 5, 2009 11:48am
I missed the UK GDP estimate earlier. apparently UK economy shrunk a further 0.4% during October alone. Yet the pound relentlessly continues its way up.

Since the market is never wrong, it seems all is good in the UK compared to the rest of the world. Thats a relief, I thought we had some major problems, silly me.
  • #206,990
  • Nov 5, 2009 11:55am Nov 5, 2009 11:55am
Quoting ewokuk
I missed the UK GDP estimate earlier. apparently UK economy shrunk a further 0.4% during October alone. Yet the pound relentlessly continues its way up.

Since the market is never wrong, it seems all is good in the UK compared to the rest of the world. Thats a relief, I thought we had some major problems, silly me.
maybe SM just executes orders to buy GBP....nothing to do with fundamentals.
The Market pays you to be disciplined
  • #206,991
  • Nov 5, 2009 12:25pm Nov 5, 2009 12:25pm
Quoting ewokuk
I missed the UK GDP estimate earlier. apparently UK economy shrunk a further 0.4% during October alone. Yet the pound relentlessly continues its way up.

Since the market is never wrong, it seems all is good in the UK compared to the rest of the world. Thats a relief, I thought we had some major problems, silly me.
do not over htink the news .... even if news is good market may still go down .. news is bad market may still go up

Instead focus on the reaction to the news.

today we have been bouncing around in the area of high volume pivots with the ES heading up ...

that means buy dips...take 25 to 50 pip a trade ... been an alright day , rocky start with 40 pip loss , but once gj found rythem was ok , made good ground

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  • #206,992
  • Nov 5, 2009 1:21pm Nov 5, 2009 1:21pm
Yes, I will be looking to get in at 150 as well, just hopes it gets back down there.

Quoting malcolmb14
I think if anything ,and 150 holds, we pop to level piters mentioned 151.35

I am looking to pick up a long for asia off 150 to 150.15

seems ES is holding resistance 1062. This day looks all to conveniewnt .. if you know what I mean , ES may close just shy of resistance. Why do i get feeling this is set up for tomorrow?
  • #206,993
  • Nov 5, 2009 2:19pm Nov 5, 2009 2:19pm
Hey Mal, can you post a pic of the DJ or S&P Esignal chart for the US session. Like to see the extent of the low volume you are saying. It curious to see a 200 point rise in the DJ day before NFP while the bonds are also being bought bigtime.
  • #206,994
  • Nov 5, 2009 2:20pm Nov 5, 2009 2:20pm
What I see now, GJ already break UTL at H4 TF. Now depend on H4 candle...if next H4 candle can close above UTL ...151 ..will be next target
  • #206,995
  • Nov 5, 2009 2:39pm Nov 5, 2009 2:39pm
Quoting Eulogy
Hey Mal, can you post a pic of the DJ or S&P Esignal chart for the US session. Like to see the extent of the low volume you are saying. It curious to see a 200 point rise in the DJ day before NFP while the bonds are also being bought bigtime.

not ultra low but lower than last few days

seems 1062 is where they wanted it to be .. just a little to convenient

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  • #206,996
  • Nov 5, 2009 2:45pm Nov 5, 2009 2:45pm
Quoting PandoraBox
What I see now, GJ already break UTL at H4 TF. Now depend on H4 candle...if next H4 candle can close above UTL ...151 ..will be next target
151.30 to be exact ....

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  • #206,997
  • Nov 5, 2009 2:46pm Nov 5, 2009 2:46pm
this could be some form of flag

if we break out of 150.50 zone we head to 151.50 ish , this breaks next resis is 153.xx

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  • #206,998
  • Nov 5, 2009 2:49pm Nov 5, 2009 2:49pm
Are we going to see 157 first or 143? which can be seen first?
  • #206,999
  • Nov 5, 2009 2:56pm Nov 5, 2009 2:56pm
Quoting pino2
Are we going to see 157 first or 143? which can be seen first?
neither .. ping pong 147to 153 for 5 years.....

if infact we are in wave 4 and wave 5 started at 147ish , wave 5 could end at 156 or 157.5

I am not swing trading .. but this is what it looks like

I am trading each session as it comes

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  • #207,000
  • Nov 5, 2009 3:10pm Nov 5, 2009 3:10pm
frankly i think the bump up in equities during the US session is more to do with Obama bending over again to sign up for an extension to the "Monopoly Money for More Marked-up Mortgages" program than because Jobless claims was a "lovely" 10k less than expected (yay!!!).

Curious too that DJ stopped nigh on 10k
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