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

  • #208,461
  • Nov 24, 2009 6:36am Nov 24, 2009 6:36am
Quoting ukdaytrader
I did have 2 longs at support as volume was indicating buying. Alas I got scared and closed one of them when support broke. Ended up at b/e for the 2 trades.

Might see some upside for the rest of the week now. Let's see.....
hmmm the buying didnt look that strong to last a week, i looking for a sell just below this 147
  • #208,462
  • Nov 24, 2009 6:36am Nov 24, 2009 6:36am
Quoting ukdaytrader
I did have 2 longs at support as volume was indicating buying. Alas I got scared and closed one of them when support broke. Ended up at b/e for the 2 trades.

Might see some upside for the rest of the week now. Let's see.....
yup... this might turn into a nice long for this Year...

Next thing we know it went to 156 from 146...
Markets are not Random, they are designed!
  • #208,463
  • Nov 24, 2009 6:39am Nov 24, 2009 6:39am
Quoting ewokuk
hmmm the buying didnt look that strong to last a week, i looking for a sell just below this 147
It could go higher as much as 147.32...small H&S ...TARGET 15M.. TF..

other wise 147 was a 61% retrace of 147.47 - 146.23
Markets are not Random, they are designed!
  • #208,464
  • Nov 24, 2009 6:42am Nov 24, 2009 6:42am
Quoting Raza
It could go higher as much as 147.32...small H&S ...TARGET 15M.. TF..

other wise 147 was a 61% retrace of 147.47 - 146.23
yeah i am waiting. one of my new rules is avoid going against the current 1h candle unless absolutely certain of it, seems to help.

will likely wait until the news in an hour unless something looks real good in the next 30 mins.

the monthly pivot is 147.03
  • #208,465
  • Edited 7:07am Nov 24, 2009 6:48am | Edited 7:07am
Also note this is a Double Bottom...OR A Left Shoulder.....on 1 HR...4 HR..Even on 5 min ,, lol ..

Rounding Bottom..as well.. I like round Bottoms... lol...

Price is above 14 WMA.. on 1 Hr...

It seems we might test 148.00 again by the end of the day.....too soon to say.
Markets are not Random, they are designed!
  • #208,466
  • Nov 24, 2009 7:15am Nov 24, 2009 7:15am
Quoting Raza
Also note this is a Double Bottom...OR A Left Shoulder.....on 1 HR...4 HR..Even on 5 min ,, lol ..

Rounding Bottom..as well.. I like round Bottoms... lol...

Price is above 14 WMA.. on 1 Hr...

It seems we might test 148.00 again by the end of the day.....too soon to say.
1 hour TF, bullish divergence according to awesome indicator...will it play out?
  • #208,467
  • Nov 24, 2009 7:32am Nov 24, 2009 7:32am
Quoting ewokuk
hmmm the buying didnt look that strong to last a week, i looking for a sell just below this 147
Nice sell ...
Markets are not Random, they are designed!
  • #208,468
  • Nov 24, 2009 7:33am Nov 24, 2009 7:33am
Quoting trr
1 hour TF, bullish divergence according to awesome indicator...will it play out?

AO have rules..check it out first..
MY OPINION NOT FINANCIAL ADVISE
  • #208,469
  • Nov 24, 2009 7:38am Nov 24, 2009 7:38am
Quoting Beljevina
My bottom fishing didn't fare too bad: in @ 146.325. She's good for at least a 50% retrace of the drop from 147.46, but I'm guessing she may retrace the whole way - us indexes & futures are positive. I'm stumped though in that I can't identify normal volumes or typical VSA action. Trader beware.

Attachment

EDIT: I'm amazed at how regularly and diligently support lines are respected - the baby blue lines were drawn months ago, as GY travelled between 139 & 163.
look at your 15 min

vsa showed the buying on a 15 min vewry clearly.. I have one up all the time ... hence my sell this morning at 146.90 , closed for 45 pip as am busy today
Blogging daily now at www.volume.zone
  • #208,470
  • Nov 24, 2009 7:46am Nov 24, 2009 7:46am
Quoting malcolmb14
look at your 15 min

vsa showed the buying on a 15 min vewry clearly.. I have one up all the time ... hence my sell this morning at 146.90 , closed for 45 pip as am busy today
3 hr major bull div

seems on 15 min that dip into 146.40 got bought

I would not be surprised to see some form of test 147.50 / 148 , we could be setting up in channel 146.20 to 148

Attached Image (click to enlarge)
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Blogging daily now at www.volume.zone
  • #208,471
  • Nov 24, 2009 7:46am Nov 24, 2009 7:46am
Quoting malcolmb14
look at your 15 min

vsa showed the buying on a 15 min vewry clearly.. I have one up all the time ... hence my sell this morning at 146.90 , closed for 45 pip as am busy today
on mine i thought it was selling lol

hard to tell difference sometimes :
  • #208,472
  • Nov 24, 2009 7:51am Nov 24, 2009 7:51am
Quoting ewokuk
on mine i thought it was selling lol

hard to tell difference sometimes :
not when you have been using vsa 2 years it isn't ... it is like taking candy form a baby


also when you see high volume on support that is never selling , if pros want to break thru support they will mark it down rapidly , locking in all sellers that would otherwise take profit

Attached Image (click to enlarge)
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Blogging daily now at www.volume.zone
  • #208,473
  • Nov 24, 2009 7:52am Nov 24, 2009 7:52am
Quoting ewokuk
on mine i thought it was selling lol

hard to tell difference sometimes :

do you use an indicator ?

that would also have shown you bull div
Blogging daily now at www.volume.zone
  • #208,474
  • Nov 24, 2009 7:57am Nov 24, 2009 7:57am
Quoting malcolmb14
do you use an indicator ?

that would also have shown you bull div
I hope you are right..cause I was also one of those Buyers when things were Falling...

Still in Loss....

147.50 is Daily Pivot... 148.00 is wave extension..161.8%...also a major support
Markets are not Random, they are designed!
  • #208,475
  • Edited 8:45am Nov 24, 2009 8:17am | Edited 8:45am
Quoting malcolmb14
do you use an indicator ?

that would also have shown you bull div
i only have an rsi that i stuck on top of the volume window to save space, but i rarely look at it these days

i actually did notice what i thought was buying at the higher 146.46 area when i woke up this morning but i discounted it after it fell through to 146.25, i figured it must have been selling instead if it continued to drop past it
  • #208,476
  • Edited 8:45am Nov 24, 2009 8:34am | Edited 8:45am
5 min had an inverted head and shoulder ... now it looks like a straight head and shoulder with the neck line at 146.43...

IF that this is going to 145.83 - 145.76... Divergence should be very Bullish There.

Sellin pressure is Crazy.. This shampoo will invalidate if price goes back to 147.00..IMO..

Whipsaw time.
Markets are not Random, they are designed!
  • #208,477
  • Nov 24, 2009 8:40am Nov 24, 2009 8:40am
Thanks Malcolm... I too hope this plays out with a test 147.50, cause I have a buy as well.

Quoting malcolmb14
not when you have been using vsa 2 years it isn't ... it is like taking candy form a baby


also when you see high volume on support that is never selling , if pros want to break thru support they will mark it down rapidly , locking in all sellers that would otherwise take profit

Attachment
  • #208,478
  • Nov 24, 2009 8:51am Nov 24, 2009 8:51am
es is dropping like a mofo. wonder if it wil break 146.30 this time. i want to see if i can get a buy from there but not if its going to go flying past it

news in 9 mins ill wait for that first
  • #208,479
  • Nov 24, 2009 8:55am Nov 24, 2009 8:55am
Quoting ewokuk
es is dropping like a mofo. wonder if it wil break 146.30 this time. i want to see if i can get a buy from there but not if its going to go flying past it

news in 9 mins ill wait for that first
Need Balls of steels to be Buying besides VSA.... lol.

I soon realized mines are not made with steel but I bought it anyways...now scratching......

By the way DJIA is gonna drop 800 points from top then Tank Further...
Markets are not Random, they are designed!
  • #208,480
  • Nov 24, 2009 8:55am Nov 24, 2009 8:55am
Are we there yet?

http://www.forexfactory.com/showpost...stcount=208318

Quoting rgitt05
My daily chart is showing a crossing on the zero lag stocs( Bearish)

Maybe a PB but the PA is heading down ..

It is not what you think, it what's on the chart.

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