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

  • #207,401
  • Nov 10, 2009 10:52am Nov 10, 2009 10:52am
Looks like bearish flag on GU?
No Signal, No Trade. No fundamenals, No headache.
  • #207,402
  • Nov 10, 2009 11:00am Nov 10, 2009 11:00am
Quoting malcolmb14
I do not want to openly discuss how or what I use to trade ES , but it makes up about 6 different charts showing money flow into and out of markets and principles of volume
come on tell us all your secrets
  • #207,403
  • Nov 10, 2009 11:04am Nov 10, 2009 11:04am
Quoting ewokuk
come on tell us all your secrets
What you share is a big help Malcom-

The secret is you gotta focus and follow your rules anyways-
Making pips is easy but losing them is even easier- that is the problem-----

Once I figure out how to stop losing I will start to move larger money into the equation
  • #207,404
  • Nov 10, 2009 11:08am Nov 10, 2009 11:08am
wrong ...lol sorry Piters ...

gu and gj are being accumulated got out of my short 10 pips only
Blogging daily now at www.volume.zone
  • #207,405
  • Nov 10, 2009 11:11am Nov 10, 2009 11:11am
Quoting No Stress
Looks like bearish flag on GU?

i see what you are saying ...

BUT that move in asia on BS 2 week old news was VERY bullish ...they just usaed the news to try and justifiy the move .. what could they say ...." large banks are trying to shaft trhe weak longs and stop them out , while buying heavy at lower prices for breakout of GU to new highs later in the week" ..lol.... that news would have gone down well ....

30 min shows bull flag , tested 38% of up move only .... and price has broken to upside.

Attached Image (click to enlarge)
Click to Enlarge Name: chart04b.gif Size: 27 KB
Blogging daily now at www.volume.zone
  • #207,406
  • Nov 10, 2009 11:21am Nov 10, 2009 11:21am
Quoting malcolmb14
better to stick with fx to begin with...
thanks a lot malcomb. still sticking to fx and still learning everyday. btw, ur analysis is great it helps a lot of newbies like me
  • #207,407
  • Nov 10, 2009 11:33am Nov 10, 2009 11:33am
Quoting ewokuk
come on tell us all your secrets

Lol...are you sure u wanna know.?
MY OPINION NOT FINANCIAL ADVISE
  • #207,408
  • Nov 10, 2009 11:34am Nov 10, 2009 11:34am
Quoting apect
thanks a lot malcomb. still sticking to fx and still learning everyday. btw, ur analysis is great it helps a lot of newbies like me

the volumeo n the upmove is very low. ...and has a slight bearish volume divergence. (menaing that buying interest really does not seem to be there , but also selling interest is not there)

but up it is testing daily pivot as ES finds support on 1087 same level it has been finding supporto n thru London and today

we could maybe look for sells around the daily pivot zone on gu , but with the 4 hour showing those wicks on the bottom I still favour buy off 6650 to 6675 zone

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Blogging daily now at www.volume.zone
  • #207,409
  • Nov 10, 2009 12:07pm Nov 10, 2009 12:07pm
Quoting malcolmb14
the volumeo n the upmove is very low. ...and has a slight bearish volume divergence. (menaing that buying interest really does not seem to be there , but also selling interest is not there)

but up it is testing daily pivot as ES finds support on 1087 same level it has been finding supporto n thru London and today

we could maybe look for sells around the daily pivot zone on gu , but with the 4 hour showing those wicks on the bottom I still favour buy off 6650 to 6675 zone

Attachment
Tomorrow UK jobs data is widely anticipated. It could be worst than expected and GU would tank hard. But now, big guys are driving it higher so that bearish party would be bigger when it happens :-)
Or, scenerio could be the other way around. Jobs number is way better
  • #207,410
  • Nov 10, 2009 12:09pm Nov 10, 2009 12:09pm
Quoting mktjong
Tomorrow UK jobs data is widely anticipated. It could be worst than expected and GU would tank hard. But now, big guys are driving it higher so that bearish party would be bigger when it happens :-)
Or, scenerio could be the other way around. Jobs number is way better
I try not to anticipate news...

here is 4 hour ... flag and wedge .. something has to give soon


if anything the jobs number will be better and that is what asia shake out on 2 week old news was about

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  • #207,411
  • Nov 10, 2009 12:12pm Nov 10, 2009 12:12pm
Quoting malcolmb14
I try not to anticipate news...

here is 4 hour ... flag and wedge .. something has to give soon


if anything the jobs number will be better and that is what asia shake out on 2 week old news was about

Attachment
bro when you have time check skype ok..
MY OPINION NOT FINANCIAL ADVISE
  • #207,412
  • Nov 10, 2009 12:27pm Nov 10, 2009 12:27pm
Quoting malcolmb14
i see what you are saying ...

BUT that move in asia on BS 2 week old news was VERY bullish ...they just usaed the news to try and justifiy the move .. what could they say ...." large banks are trying to shaft trhe weak longs and stop them out , while buying heavy at lower prices for breakout of GU to new highs later in the week" ..lol.... that news would have gone down well ....

30 min shows bull flag , tested 38% of up move only .... and price has broken to upside.

Attachment
I agree that Asia session could do reverse things. According to your chart, did you agree divergence between volume and price? after the violent bearish move? If the bearish flag would be confirmed, contact with the resistance should be at 1.6775/85 area (i'll try to wait late, but i have already to sleep, so i can not wait for asia session for so long lol). SL will be very tight (10/15 pips).
But, just after the big down, the high move ( major retrace) is composed by (in 15mn):
1/ First retrace: 4 high candles and retrace with 2 at 61.8%
2/ 15 high and retrace with 7 at 78.6%
3/ 10 high and retrace with 5 at 61.8%
4/ actually: we are in 15th and we did not cover yet these last 61.8%, means we did not touch yet the highest retracement peak.

The second high wave was 1.236 x first high (extension 23.6% FIB applied at AB=CD)
The third high wave was 1.0 x second high (AB=CD).
We are in the fourth wave at maximum of 1.6738 and applied AB=CD, we get 1.6729 for 61.8%FIB, explaining why actually we are in range.

We are taking more and more time to go higher but not easy to do, maybe volatility is explaining that and lower volume shown in your chart, but RSI 15 mn (and less, 1Hr) are indicating approaching at overbought area.

Then, can i wait really for 1.6775/1.6785 area to be touched? Timing in that case is difficult to know. Maybe Asia session will do it, but i'll be sleeping in that time and i could miss some opportunity or have a lost because of that range which add more time and though higher level of touching resistance channel level and my SL will be broken fastly.
No Signal, No Trade. No fundamenals, No headache.
  • #207,413
  • Nov 10, 2009 12:35pm Nov 10, 2009 12:35pm
Yes there is bearish diov for sure and hecne i mentioned the sell of dpp.

the volume today has been on a diet everywhere , could be due to remembrance day vacation and all those hard working bankers (lol) need 2 days off instead of one. More liekly they took yesterday off as well .

Real direction may not come till later in the week .... or even next week

for now trade the small ranges seems to be way to go

Quoting No Stress
I agree that Asia session could do reverse things. According to your chart, did you agree divergence between volume and price? after the violent bearish move? If the bearish flag would be confirmed, contact with the resistance should be at 1.6775/85 area (i'll try to wait late, but i have already to sleep, so i can not wait for asia session for so long lol). SL will be very tight (10/15 pips).
But, just after the big down, the high move ( major retrace) is composed by (in 15mn):
1/ First retrace: 4 high candles and retrace with 2...
Blogging daily now at www.volume.zone
  • #207,414
  • Nov 10, 2009 12:42pm Nov 10, 2009 12:42pm
Quoting malcolmb14
Yes there is bearish diov for sure and hecne i mentioned the sell of dpp.

the volume today has been on a diet everywhere , could be due to remembrance day vacation and all those hard working bankers (lol) need 2 days off instead of one. More liekly they took yesterday off as well .

Real direction may not come till later in the week .... or even next week

for now trade the small ranges seems to be way to go
For EU, the last several days upmove were on low volume completely .. manipulating .. I don't think it can sustain much longer ..
  • #207,415
  • Nov 10, 2009 12:45pm Nov 10, 2009 12:45pm
Quoting malcolmb14
Yes there is bearish diov for sure and hecne i mentioned the sell of dpp.

the volume today has been on a diet everywhere , could be due to remembrance day vacation and all those hard working bankers (lol) need 2 days off instead of one. More liekly they took yesterday off as well .

Real direction may not come till later in the week .... or even next week

for now trade the small ranges seems to be way to go
Means this night will be full of activity, and tomorrow will be holliday for all! lol. Thanks for the info, it was not in my mind at all, seen i hate trading news and calendar.
No Signal, No Trade. No fundamenals, No headache.
  • #207,416
  • Nov 10, 2009 12:46pm Nov 10, 2009 12:46pm
Quoting mktjong
For EU, the last several days upmove were on low volume completely .. manipulating .. I don't think it can sustain much longer ..

4 hour looks like all dips getting bought on eu....

can you post a chart of what you are seeing?
Blogging daily now at www.volume.zone
  • #207,417
  • Nov 10, 2009 12:47pm Nov 10, 2009 12:47pm
Quoting mktjong
For EU, the last several days upmove were on low volume completely .. manipulating .. I don't think it can sustain much longer ..
EU was between Daily support level and hard resistance of 1.5050 area.
No Signal, No Trade. No fundamenals, No headache.
  • #207,418
  • Nov 10, 2009 1:01pm Nov 10, 2009 1:01pm
Malcomb, would you mind re-posting that pdf about vsa, i think it was by john murphy, somehow it seems to have disappeared from my hard drive, i tried going back in the posts, but haven't found it yet.

Thank you
  • #207,419
  • Nov 10, 2009 1:01pm Nov 10, 2009 1:01pm
Quoting malcolmb14
4 hour looks like all dips getting bought on eu....

can you post a chart of what you are seeing?
Here u go, it's a proprietary software tho
Attached Image
  • #207,420
  • Nov 10, 2009 1:09pm Nov 10, 2009 1:09pm
he bro can you post to us a VSA doc we need it plz to learn that complicated volume
High risk High return!
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