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

  • #210,021
  • Dec 9, 2009 1:29am Dec 9, 2009 1:29am
Hello Ukdaytrader, how goes it... No one else was communicating, but glad to hear from you. You in anything yet?

Quoting ukdaytrader
You two should get a room.
  • #210,022
  • Dec 9, 2009 1:30am Dec 9, 2009 1:30am
Early indications arre that the volume for this current hour will be high.
  • #210,023
  • Dec 9, 2009 1:31am Dec 9, 2009 1:31am
Quoting dreed
Hello Ukdaytrader, how goes it... No one else was communicating, but glad to hear from you. You in anything yet?
Have taken a speculative long. Can see buyers coming in. Risky, so we'll see.
  • #210,024
  • Dec 9, 2009 1:42am Dec 9, 2009 1:42am
Quoting ukdaytrader
Have taken a speculative long. Can see buyers coming in. Risky, so we'll see.
Was thinking that too based on volume, but this M5 chart shows high volume on down bars, which I think would be sellers. The PA and pattern forming here also looks like she's not done tanking yet (am also expecting a low volume test & it's clearly not happenning) ... I think how far she goes will depend on the optimism/lack of it for FTSE opening.
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  • #210,025
  • Dec 9, 2009 1:49am Dec 9, 2009 1:49am
Quoting Beljevina
Was thinking that too based on volume, but this M5 chart shows high volume on down bars, which I think would be sellers. The PA and pattern forming here also looks like she's not done tanking yet (am also expecting a low volume test & it's clearly not happenning) ... I think how far she goes will depend on the optimism/lack of it for FTSE opening.
Attachment
Yea, my VSA knowledge isn't 100%, but on the hourly TF, the last bar was quite wide on increasing volume. The current bar, (atm), is smaller but has increased volume. Means buyers are coming in. BUT, we won't know just how many until the selling reaction to it is known.
  • #210,026
  • Dec 9, 2009 2:23am Dec 9, 2009 2:23am
Quoting SteveG127
Does anyone other links for trading signals on the GBPJPY? It is a pair that i am trying to master therefore looking around to whoever has the right advice. I want to see some graphs in real time, or trading in real time so that I can compare strategies.
I'm not being coy, but I would recommend you not waste your time on studying someone's/something's trading signals - they enter late and exit early. It's a waste of time. FF is a fantastic goldmine of information and learning - study this thread & zoom in on posters like Malcolm. Learn the basics and beyond on fibs, S&R, MurrayMath. Study the basics of VSA. Read a few good books and study, observe, and get to know intimately how GY behaves - to me, it has a personality completely different from say EURUSD - study the behaviour of both and you'll see how they differ. Install a few basic but good indicators to aid the learning process. But make sure your commitment to this rivals what you have been most passionate in your life, because you will be beat down, many times. Bottom line, learn how to trade and save yourself months by not trolling for signals - if they were that good, they'd be focusing on trading not panhandling signals for 89 euros/month.
  • #210,027
  • Dec 9, 2009 2:32am Dec 9, 2009 2:32am
GY is confused: UJ has resumed tanking, but GU is gaining, nicely and both seem equally convincing in their moves, so GY is trying to make up it's mind. But, I feel she'll tank to 142.1, then perhaps 141.63. But don't listen to me, because my crystal ball's broken.
  • #210,028
  • Dec 9, 2009 2:41am Dec 9, 2009 2:41am
I think your crystal ball may be right about this..
Quoting Beljevina
GY is confused: UJ has resumed tanking, but GU is gaining, nicely and both seem equally convincing in their moves, so GY is trying to make up it's mind. But, I feel she'll tank to 142.1, then perhaps 141.63. But don't listen to me, because my crystal ball's broken.
  • #210,029
  • Dec 9, 2009 2:53am Dec 9, 2009 2:53am
I have just put aside my EURUSD pair and trade the GBPJPY/EURJPY pair this week.

Since the beginning of this trade week, yen has strengthened again likely due to lower economic growth figure. Movement on the USD/JPY seemed mild because dollar has also been appreciating but not as much as yen.

It has broken the 50% fibo from last week's low to this week's high. I will be out until the number for the annual pre-budget release is out today as UK is may be subjected to a credit rating downgrade. Coupled that with a strengthening yen would throw the pair into abyss.

http://www.forexfactory.com/news.php?do=news&id=210600

Just my personal view.
  • #210,030
  • Dec 9, 2009 5:15am Dec 9, 2009 5:15am
No more short for me and i am ready to see 155..IMO
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MY OPINION NOT FINANCIAL ADVISE
  • #210,031
  • Dec 9, 2009 5:47am Dec 9, 2009 5:47am
Quoting donfriday
No more short for me and i am ready to see 155..IMO
  • #210,032
  • Dec 9, 2009 7:39am Dec 9, 2009 7:39am
Re-entered my short at 144.11, we will see what will happen.

Quoting Beljevina
GY is confused: UJ has resumed tanking, but GU is gaining, nicely and both seem equally convincing in their moves, so GY is trying to make up it's mind. But, I feel she'll tank to 142.1, then perhaps 141.63. But don't listen to me, because my crystal ball's broken.
  • #210,033
  • Dec 9, 2009 8:01am Dec 9, 2009 8:01am
Quoting dreed
Re-entered my short at 144.11, we will see what will happen.
You posted this trade after already being nearly 100 pips up? If Malcolm were here right now.....
  • #210,034
  • Dec 9, 2009 8:19am Dec 9, 2009 8:19am
No more short, should be going up soon
  • #210,035
  • Dec 9, 2009 8:20am Dec 9, 2009 8:20am
Quoting dreed
Re-entered my short at 144.11, we will see what will happen.
lol dreed how are you , its a time i not talk with you. how been doing with trading the last friday we have see a big move for GJ and other yen pairs. you have no loose in black friday ?
High risk High return!
  • #210,036
  • Dec 9, 2009 8:27am Dec 9, 2009 8:27am
Quoting special0nefx
No more short, should be going up soon
i hope so.....141.40 should okay i dont expect it to test 139 cus it might break it and that is Kaboom if it does
MY OPINION NOT FINANCIAL ADVISE
  • #210,037
  • Dec 9, 2009 8:32am Dec 9, 2009 8:32am
How can we trade this market today .. whuittt .. here .. whuittt .. there ..
  • #210,038
  • Dec 9, 2009 8:36am Dec 9, 2009 8:36am
same here, lowest 141.50. If saw 139, is kaboom test to 130 again.

Quoting donfriday
i hope so.....141.40 should okay i dont expect it to test 139 cus it might break it and that is Kaboom if it does
  • #210,039
  • Dec 9, 2009 8:39am Dec 9, 2009 8:39am
lol. Bloody S&P downgrading Spain. Could be a rocky session!

But, volume not wholly supporting this move. 142 -142.4 should represent strong support.
  • #210,040
  • Dec 9, 2009 8:41am Dec 9, 2009 8:41am
I request all senior traders of this thread to please spare 5 mins and give there kind advice on this thread it will be so helpful

http://www.forexfactory.com/showthread.php?t=210628
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