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

  • #62,581
  • Feb 20, 2008 12:10am Feb 20, 2008 12:10am
Quoting fxfariz
huhuhu..strong downtrend....but zigzag already turn to bullish divergence at GJ n GU...but don't know yet....
im still hold my post buy...
huhuhu
Trade what you see, not what you think.
  • #62,582
  • Feb 20, 2008 12:12am Feb 20, 2008 12:12am
Quoting oscarfrx
Hi Karmo what is your clever advise for this.
Karmo doesn't offer "clever advise". He looks at this pair in a longer term with detailed analysis. Check out his threads.
Indicators show the past. Price Action "Indicates" the future.
  • #62,583
  • Feb 20, 2008 12:13am Feb 20, 2008 12:13am
Quoting jarroo
I may add to 209.40 again. Let see if Price is serious.
now I am confused!!! are you still short?
  • #62,584
  • Feb 20, 2008 12:14am Feb 20, 2008 12:14am
Quoting fxfariz
short term market??
wow mean strong downtrend...huhuhu
huhuhu
huhuhu
  • #62,585
  • Feb 20, 2008 12:17am Feb 20, 2008 12:17am
Quoting KrazyD
now I am confused!!! are you still short?
Yes, I'm looking now at price to see if the 209.40 acts as resistence instead of support.
Attached Image
Indicators show the past. Price Action "Indicates" the future.
  • #62,586
  • Feb 20, 2008 12:18am Feb 20, 2008 12:18am
Quoting KrazyD
now I am confused!!! are you still short?
dont be confused thats forex everything is possible..
  • #62,587
  • Feb 20, 2008 12:19am Feb 20, 2008 12:19am
Quoting jarroo
Yes, I'm looking now at price to see if the 209.40 acts as resistence instead of support.
If it doesn't hold, I'll make a decision to cut it loose with a small lose. If it holds I'll .
Indicators show the past. Price Action "Indicates" the future.
  • #62,588
  • Feb 20, 2008 12:19am Feb 20, 2008 12:19am
Quoting jarroo
Yes, I'm looking now at price to see if the 209.40 acts as resistence instead of support.
oh I see,,,thanks learning from you
  • #62,589
  • Feb 20, 2008 12:28am Feb 20, 2008 12:28am
Quoting GodfreyH
huhuhu
I'm thinking the same thing lol
Trade what you see, not what you think.
  • #62,590
  • Feb 20, 2008 12:35am Feb 20, 2008 12:35am
I think this is going to hover around 209.30 ish for the next hour until 9:30GMT when the Bank of England minutes are released (hawkish view I think) and then hopefully upwards upwards until 1:30pm GMT at which time US economic news is released. Not sure what effect this will have at present but it will have an effect no doubt...
  • #62,591
  • Feb 20, 2008 12:37am Feb 20, 2008 12:37am
Quoting JasonGuillen
Seems like would be hard to head south from here.... lots of resistance.
See what happens with the news @ 04:30 EST
Consensus is 9-0 for rate cut.
  • #62,592
  • Feb 20, 2008 12:40am Feb 20, 2008 12:40am
Seems like everyone thinks the news will send it up....
  • #62,593
  • Feb 20, 2008 12:41am Feb 20, 2008 12:41am
Anyone here following GBP/CHF? I'm hoping for some movement up on this one at 9:30 GMT too! (as long as the BOE minutes remain hawkish)
  • #62,594
  • Feb 20, 2008 12:41am Feb 20, 2008 12:41am
Still a good pin bar on 4hr...
  • #62,595
  • Feb 20, 2008 12:42am Feb 20, 2008 12:42am
Quoting JasonGuillen
Seems like everyone thinks the news will send it up....
Neeeewwwws SHooommeewwws.
Sounds like a good reasons to hold my shorts.
Indicators show the past. Price Action "Indicates" the future.
  • #62,596
  • Feb 20, 2008 12:43am Feb 20, 2008 12:43am
Quoting KrazyD
Still a good pin bar on 4hr...
Where is that at?
Indicators show the past. Price Action "Indicates" the future.
  • #62,597
  • Feb 20, 2008 12:50am Feb 20, 2008 12:50am
Although I think 9-0 rate cut decision has been already priced in, but I think it's wise to wait for the news to be realesed. This is important news. I presume it will have some bearish effect on the pair but in general I'm long with this pair up to at least 214 area.
Discipline + Patience - Fear - Greed = Success
  • #62,598
  • Feb 20, 2008 12:50am Feb 20, 2008 12:50am
so if 9-0 cut occurs today in UK than this should bring cable and the beast down...

Am i mistaken somewhere? I still see a good bearish setup.
  • #62,599
  • Feb 20, 2008 12:52am Feb 20, 2008 12:52am
Quoting arezab
Although I think 9-1 rate cut decision has been already priced in, but I think it's wise to wait for the news to be realesed. This is important news. I presume it will have some bearish effect on the pair but in general I'm long with this pair up to at least 214 area.
Good advice, arezab. Thanks.
Indicators show the past. Price Action "Indicates" the future.
  • #62,600
  • Feb 20, 2008 12:55am Feb 20, 2008 12:55am
Quoting jarroo
Good advice, arezab. Thanks.
nice signature jarroo, you're the man
Discipline + Patience - Fear - Greed = Success
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