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

  • #213,041
  • Jan 25, 2010 7:20pm Jan 25, 2010 7:20pm
Quoting Scrat
daily close = ny close. this is the classic trading day... but you already knew that . choose a broker that is showing daily charts this way.

scrat ,whats your view so far ? still bearish
  • #213,042
  • Jan 25, 2010 7:20pm Jan 25, 2010 7:20pm
Quoting Scrat
daily close = ny close. this is the classic trading day... but you already knew that . choose a broker that is showing daily charts this way.

Thanks Scrat...
Markets are not Random, they are designed!
  • #213,043
  • Jan 25, 2010 7:21pm Jan 25, 2010 7:21pm
Amazing strength / annoying uptrend on our GY. I'd only recently started buying in scalp mode, in partial disbelief how it's moved 170 pips since this morning, when I was saying to myself "it won't last" - good thing is, I don't (any longer) get married to expectations. It does look like the last 1-2hrs of PA is getting bought. Have just dumped a long @ our resistance here @ 147.2, and picked up a short, all for the purposes of scalping, until we figure out the PA; one would expect London to reverse things for us ... beware of news though. Including daily chart off my GMT based broker too.

EDIT: Just seeing a 12 pip tall M5 wick on the reach for resistance, so perhaps this is the top.
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  • #213,044
  • Jan 25, 2010 7:25pm Jan 25, 2010 7:25pm
it's not what i expected ,i'll searching a opportunity to cover my positions
Making money not by predicting just by following ...
  • #213,045
  • Jan 25, 2010 7:28pm Jan 25, 2010 7:28pm
Quoting gl4di4t0r
it's not what i expected ,i'll searching a opportunity to cover my positions
It just cant keep going UP...it needs to shrug of OB levels...by going down or by Ranging...

Divergence is Super Bearish..ATM..IMO..
Markets are not Random, they are designed!
  • #213,046
  • Jan 25, 2010 7:35pm Jan 25, 2010 7:35pm
Quoting Raza
It just cant keep going UP...it needs to shrug of OB levels...by going down or by Ranging...

Divergence is Super Bearish..ATM..IMO..
happy 2000 posts raza, but can you tell me who is crazy? me or GJ?
Making money not by predicting just by following ...
  • #213,047
  • Jan 25, 2010 7:41pm Jan 25, 2010 7:41pm
f*ck GJ , she is going up like a very normal situation
Making money not by predicting just by following ...
  • #213,048
  • Edited 8:00pm Jan 25, 2010 7:48pm | Edited 8:00pm
Quoting gl4di4t0r
happy 2000 posts raza, but can you tell me who is crazy? me or GJ?
...Its the Market maker...who is Crazy.. Patience....is required... they have 8 hrs before the news to F**k with our brains..
Markets are not Random, they are designed!
  • #213,049
  • Jan 25, 2010 7:51pm Jan 25, 2010 7:51pm
Quoting Beljevina
... I would think the best VSA comes from the likes of getting the best LP views ; in fact, I'm off to dbfx to see how their volume compares.
Since I'm on a quest to find good/better volume & better VSA potential (w/o Esignal!), I was very unimpressed with DBFX - their "Trading Station" SW completely ignores volume, not being able to display it at all. I'd sifted through the downloadable indicators, and although there's a GANN, nothing at all seems to reference volume in any way. In fact, I can't even figure out a way to do a take profit on existing trades. Both make for very severe limitations for what should be a top tier provider. If you can correct me on this, please post; pic included for reference. Will check Dukascopy next - have heard they have 4 LP sources: Hotspot, Currenex, Icap, & Lava.
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  • #213,050
  • Jan 25, 2010 8:03pm Jan 25, 2010 8:03pm
It's amazing what a short squeeze will do.

NM
  • #213,051
  • Jan 25, 2010 8:04pm Jan 25, 2010 8:04pm
Quoting Raza
...Its the Market maker...who is Crazy.. Patience....is required... they have 8 hrs before the news to F**k with our brains..

I am trying to take some of their Cash...
and bring me some too , i expected today as a kaboom based on huge news , but i made two winners into lossers from last week , and added 4 more ,i'm not so happy with this
Making money not by predicting just by following ...
  • #213,052
  • Edited 8:23pm Jan 25, 2010 8:10pm | Edited 8:23pm
Quoting gl4di4t0r
and bring me some too , i expected today as a kaboom based on huge news , but i made two winners into lossers from last week , and added 4 more ,i'm not so happy with this
I am not expecting Kaboom......

If you are not sure ...where it is going...then look to break even..get out..

and Dont ADD more...Live to trade another DAY...

Do not be angry...Personally I dont think it will go below 146.50... next few Hrs...

I am gonna close shorts at 146.59.. and Watch..the range...

Look at your indi on 15M...how it is shrugging Bearish Divergence only to go Higher..
Markets are not Random, they are designed!
  • #213,053
  • Jan 25, 2010 8:14pm Jan 25, 2010 8:14pm
152.5
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  • #213,054
  • Jan 25, 2010 8:27pm Jan 25, 2010 8:27pm
Quoting Raza
I am not expecting Kaboom......

If you are not sure ...where it is going...then look to break even..get out..

and Dont ADD more...Live to trade another DAY...

Do not be angry...Personally I dont think it will go below 146.50... next few Hrs...

I am gonna close shorts at 146.59.. and Watch..the range...
you are really nice, i'm going to tighten my SL , so what's your plan for further moves? are u bull or bear?
Making money not by predicting just by following ...
  • #213,055
  • Jan 25, 2010 8:36pm Jan 25, 2010 8:36pm
Quoting gl4di4t0r
you are really nice, i'm going to tighten my SL , so what's your plan for further moves? are u bull or bear?
I am Bull Biased For now.....Had been since last Friday...

just Closed all Shorts...made few PIPS...better than Loosing..

Gonna watch PA for few Hrs..

The way I am seeing this UP move was WAVE A...now we are in WAVE B...which should be in 3 Waves..ABC...where ever 138% or 161% comes...I will Go Long( for Wave C).. So took some Patience Pills...

147.56 is the key to go LONG... And 148.36 is Important..any 4HR Close Above will Do...
Markets are not Random, they are designed!
  • #213,056
  • Jan 25, 2010 8:45pm Jan 25, 2010 8:45pm
I'm looking for 90.30 to hold as support for UJ, but we'll see
  • #213,057
  • Jan 25, 2010 8:53pm Jan 25, 2010 8:53pm
Quoting Raza
I am Bull Biased For now.....Had been since last Friday...

just Closed all Shorts...made few PIPS...better than Loosing..

Gonna watch PA for few Hrs..

The way I am seeing this UP move was WAVE A...now we are in WAVE B...which should be in 3 Waves..ABC...where ever 138% or 161% comes...I will Go Long.. So took some Patience Pills...

147.56 is the key to go LONG... And 148.36 is Important..any 4HR Close Above will Do...
in some profit now , i saw this up move as a correction for the 5th wave of the 3rd wvae of the 3rd wave of down moves , and i saw 147.15 for maximum , now i have doubts inside...

http://www.forexfactory.com/showthre...86#post3398186

http://www.forexfactory.com/showthre...13#post3397313
Making money not by predicting just by following ...
  • #213,058
  • Jan 25, 2010 9:06pm Jan 25, 2010 9:06pm
Quoting gl4di4t0r
in some profit now , i saw this up move as a correction for the 5th wave of the 3rd wvae of the 3rd wave of down moves , and i saw 147.15 for maximum , now i have doubts inside...

http://www.forexfactory.com/showthre...86#post3398186

http://www.forexfactory.com/showthre...13#post3397313
GOOD ANALYSIS...

Closed My short too soon...
Markets are not Random, they are designed!
  • #213,059
  • Edited 9:32pm Jan 25, 2010 9:18pm | Edited 9:32pm
BoJ statement due in next few hours
Written by Sean Lee - January 26, 2010 at 02:20 GMT
The market had looked for a while as if it was going to treat us to a nice volatile day but unfortunately the momentum is fizzling out and traders are squaring up ahead of the BoJ event risk. EUR/JPY has fallen back towards 128.00 after posting a high at 38 earlier. The rate decision and statement are expected in about 2 hours time.

EDIT: Meaning, in about an hour. Am expecting it to hit 146ish, DPP, and will exit my short there.
EDIT2: BoJ keeps policy rate at 0.1%. Not sure if there's more to come from BoJ.

And also: JPY crosses lower on renewed China move
Written by Sean Lee - January 26, 2010 at 03:13 GMT
The talk is that China has told some of the major banks to alter their lending practices again. More to come but the JPY crosses have had the wind well and truly taken out of their sails.
  • #213,060
  • Jan 25, 2010 9:33pm Jan 25, 2010 9:33pm
Pretty quick move so I booked profits on shorts and will short again around 146.50-14.70
check out my blog: forexmademillionaire dot com
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