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

  • #228,021
  • Jun 17, 2010 7:54am Jun 17, 2010 7:54am
Breaking daily 5ma will release the big bear out.
  • #228,022
  • Jun 17, 2010 8:05am Jun 17, 2010 8:05am
Originally Posted by hindart http://cdn.forexfactory.com/images/buttons/viewpost.gif
I have pending short at 135.4, lets see!
executed!![quote=hindart;3809269]

closed with +60pips

done for today
  • #228,023
  • Jun 17, 2010 8:07am Jun 17, 2010 8:07am
and this should speak volumes...
Attached Image (click to enlarge)
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  • #228,024
  • Jun 17, 2010 8:08am Jun 17, 2010 8:08am
Quoting special0nefx
Breaking daily 5ma will release the big bear out.
Doubt that. PA need to close daily candle below daily GANN and LTL of the upward channel on daily TF and then we will see bearish continuation.
Do not follow my trades. Trade what you see on your own charts.
  • #228,025
  • Jun 17, 2010 8:12am Jun 17, 2010 8:12am
Quoting Geppy
and this should speak volumes...
Take a look at this one ...
Attached Image (click to enlarge)
Click to Enlarge Name: GJ - 2010-06-17 09-11.jpg Size: 542 KB
Do not follow my trades. Trade what you see on your own charts.
  • #228,026
  • Jun 17, 2010 8:16am Jun 17, 2010 8:16am
Quoting igmak
Doubt that. PA need to close daily candle below daily GANN and LTL of the upward channel on daily TF and then we will see bearish continuation.
Yes, close below dily 5ma, will give us the test for daily Gann. She still inside channel, Daily Gann can't hold it, we'll see going to test low again. Cheer
  • #228,027
  • Jun 17, 2010 8:27am Jun 17, 2010 8:27am
Quoting igmak
Take a look at this one ...
I'm aware, but really not that impressive. The poke above could simply be a false breakout. I'd need to see something more impulsive that shoots past 136.00 to be convincing. That obviously hasn't happened and now we're in the process of making a lower high. I still think 132.50 is a good target and then we'll have to judge from there.
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  • #228,028
  • Jun 17, 2010 10:35am Jun 17, 2010 10:35am
Interesting to look at the daily chart. It looks bearish to me, perhaps because of the countless rejections of the 135.7-136 zone over the last many weeks. Yet all bad news has been bought and fully retraced. Doesn't feel like the last 2 days have been downers with all the insistent up bounciness. MACD shows building strength. Appears to still be above the GANN with room to fall yet remain bullish.

If the manipulation is to continue upwards we're going to have to retest the lower channel TL 132.5/7 zone and then 130.5 IMO. Suspecting tomorrow may be that further down day. Interesting to check daily volumes though: after May 6 I show a # of sources that it's almost doubled, but it is visibly decreasing, although current volumes are still significantly above the pre-May 6 average. Not sure what to make of that & the tie into COT indicating record sterling shorts.
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  • #228,029
  • Jun 17, 2010 10:43am Jun 17, 2010 10:43am
Quoting Beljevina
Interesting to look at the daily chart. It looks bearish to me, perhaps because of the countless rejections of the 135.7-136 zone over the last many weeks. Yet all bad news has been bought and fully retraced. Doesn't feel like the last 2 days have been downers with all the insistent up bounciness. MACD shows building strength. Appears to still be above the GANN with room to fall yet remain bullish.

If the manipulation is to continue upwards we're going to have to retest the lower channel TL 132.5/7 zone and then 130.5 IMO. Suspecting tomorrow...
Very intereseting volume increase on the dips (1hr TF). PA should close above 50ema in order to go upward or flip daily GANN and break LTL of the channel on daily for bearish continuation.
Attached Image
Do not follow my trades. Trade what you see on your own charts.
  • #228,030
  • Jun 17, 2010 12:24pm Jun 17, 2010 12:24pm
Every gbp pair I see..it looks like gbp is set for a Drop...But its not dropping Yet...

Not sure what it will do with YEN ...Pairs against Yen are in Neutral zone..slightly Bullish...

RIGHT NOW ITS NOTHING bUT INDIE TRADING GOING ON...

But I believe a Big move is waiting...which ever way it goes..I dont think we will see these Levels for a Long Time...

If it Dips in Two digits...This will become Strong resistence(133-134)

If Up support...
Markets are not Random, they are designed!
  • #228,031
  • Jun 17, 2010 12:30pm Jun 17, 2010 12:30pm
Quoting Raza
Every gbp pair I see..it looks like gbp is set for a Drop...But its not dropping Yet...

Not sure what it will do with YEN ...Pairs against Yen are in Neutral zone..slightly Bullish...

RIGHT NOW ITS NOTHING bUT INDIE TRADING GOING ON...

But I believe a Big move is waiting...which ever way it goes..I dont think we will see these Levels for a Long Time...

If it Dips in Two digits...This will become Strong resistence(133-134)

If Up support...
Agreed... I favor the dip bias right now followed by a potential scenario where we retrace back up to 134.00/50 or so and then one more push down to break the rising trend line that everyone sees. That would constitute a break of the bear flag on the 4H/daily and we'd expect further price drops. Of course we could see the opposite which just means that the bear flag continues and the break is prolonged.
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  • #228,032
  • Jun 17, 2010 1:18pm Jun 17, 2010 1:18pm
Quoting Geppy
Agreed... I favor the dip bias right now followed by a potential scenario where we retrace back up to 134.00/50 or so and then one more push down to break the rising trend line that everyone sees. That would constitute a break of the bear flag on the 4H/daily and we'd expect further price drops. Of course we could see the opposite which just means that the bear flag continues and the break is prolonged.
I think its better to leave it alone for now...till better set up appears..

I see 4 hr getting Bullish Again...

I am looking at other pairs for Scalp...

In the meantime I am trying to make sense out of this pattern on 1 hr and 4
Attached Images
Markets are not Random, they are designed!
  • #228,033
  • Jun 17, 2010 2:04pm Jun 17, 2010 2:04pm
this cable and GJ are all going down, its testing the s/r level that has be broken
See the chart of GU. As u can see, the GU is always hanging below the level of 1.4820/30. we shall see 1.4600 tomorrow by God's grace. hold to your shorts.

THIS IS THE DAILY CHART 1.42xxxx is very much around relax in many days to come.

Quoting special0nefx
Yes, close below dily 5ma, will give us the test for daily Gann. She still inside channel, Daily Gann can't hold it, we'll see going to test low again. Cheer
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  • #228,034
  • Jun 17, 2010 2:14pm Jun 17, 2010 2:14pm
No its getting bearish and down down we go see the UJ is going to break that level of 90.50 this time around with the next visit

THIS IS 4 HOUR CHART FOR U

Quoting Raza
I think its better to leave it alone for now...till better set up appears..

I see 4 hr getting Bullish Again...

I am looking at other pairs for Scalp...

In the meantime I am trying to make sense out of this pattern on 1 hr and 4
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  • #228,035
  • Jun 17, 2010 3:25pm Jun 17, 2010 3:25pm
2 charts with tick balance... just an experiment for now.

what i did was this - at the "end" of trading day (ny close), i look at tick balance for the day (no.upticks - no.downticks); sometimes it's negative, sometimes it's positive... then, i added net tick balance for the last 5 days (that would be a working week) and i wrote the result near last closed daily candle, so each of the numbers that are written on daily candle are actually the tick balance for the last 5 days.

and now let's analyze this data.

g-j: for the last 5 days, we have a positive tick balance, but constantly decreasing. i am very curious to see what number comes up for today. i bet it will be negative - and if this is the case, tomorrow we should see price dropping...

g-u: now this is a real puzzle. for the last 5 days or so, each day had a negative tick balance while price kept climbing. funny thing, the markets, isn't it? i bet they'll drop it like it's hot... probably tomorrow... and it will take g-j with it.
Attached Image(s) (click to enlarge)
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Nihil Sine Deo.
  • #228,036
  • Jun 17, 2010 3:35pm Jun 17, 2010 3:35pm
Thanks Scrat... I'll be looking forward to the conclusion of this experiment!


Quoting Scrat
2 charts with tick balance... just an experiment for now.

what i did was this - at the "end" of trading day (ny close), i look at tick balance for the day (no.upticks - no.downticks); sometimes it's negative, sometimes it's positive... then, i added net tick balance for the last 5 days (that would be a working week) and i wrote the result near last closed daily candle, so each of the numbers that are written on daily candle are actually the tick balance for the last 5 days.

and now let's analyze this data.

g-j: for the last 5 days, we...
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  • #228,037
  • Jun 17, 2010 3:54pm Jun 17, 2010 3:54pm
I have been wondering about ES ... ripping yet on no volume

I think this might have something to do with positioning for triple witching tomorrow

Quoting Scrat
2 charts with tick balance... just an experiment for now.

what i did was this - at the "end" of trading day (ny close), i look at tick balance for the day (no.upticks - no.downticks); sometimes it's negative, sometimes it's positive... then, i added net tick balance for the last 5 days (that would be a working week) and i wrote the result near last closed daily candle, so each of the numbers that are written on daily candle are actually the tick balance for the last 5 days.

and now let's analyze this data.

g-j: for the last 5 days, we have...
Blogging daily now at www.volume.zone
  • #228,038
  • Jun 17, 2010 4:04pm Jun 17, 2010 4:04pm
interesting isn't it.

at the end of the day, when you look back 5 days (length of a working week ), you realize that you have a net negative tick balance... so in this case, price went up but in fact all we have here is a bunch of downticks - and my question (rhetorical, obviously) is if there were buy orders, how come we see these downticks?

Quoting malcolmb14
I have been wondering about ES ... ripping yet on no volume

I think this might have something to do with positioning for triple witching tomorrow
Nihil Sine Deo.
  • #228,039
  • Jun 17, 2010 4:09pm Jun 17, 2010 4:09pm
giys any of you know how to create metatrader EA? im not very good at metatrader programing and I want to create a lil program that will make a sound alert when a candle reaches 25 or 35 pips in a high volatility market this candle will have to be as big as that within the 5 minute chart ...meaning if the candle is 25 to 35 pips long within 5 minutes will send an alert sound... can anybody help with that?

please send me a pm...

Im too girly for programming guess
  • #228,040
  • Jun 17, 2010 4:59pm Jun 17, 2010 4:59pm
this is a nice target and chart to trade

in other words we have a leg down then buy

as from yesterdays post we are losing bullish movement
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