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

  • #62,601
  • Feb 20, 2008 2:56am Feb 20, 2008 2:56am
Quoting arezab
nice signature jarroo, you're the man
Thanks
Indicators show the past. Price Action "Indicates" the future.
  • #62,602
  • Feb 20, 2008 2:56am Feb 20, 2008 2:56am
This is my view on GBPJPY. We are in wave 4 which is a triangle correction. Point D will be at 207 zone and point E at 213 zone. Good luck
Attached Image (click to enlarge)
Click to Enlarge Name: gj20022008.gif Size: 34 KB
  • #62,603
  • Feb 20, 2008 3:00am Feb 20, 2008 3:00am
Quoting jarroo
Where is that at?
lol, hope this is classified as pin....if not..my bad. Still learning
Attached Image (click to enlarge)
Click to Enlarge Name: gy 4hr.gif Size: 16 KB
  • #62,604
  • Feb 20, 2008 3:03am Feb 20, 2008 3:03am
Quoting pipchaser
This is my view on GBPJPY. We are in wave 4 which is a triangle correction. Point D will be at 207 zone and point E at 213 zone. Good luck
ur attach doesnt load for me
  • #62,605
  • Feb 20, 2008 3:04am Feb 20, 2008 3:04am
ehem..you sound so happy jarroo . I wonder how many pips already this month..don't tell me still 1000 pips..at least 2000 pips i presume.Ok. party ON.

Quoting jarroo
Neeeewwwws SHooommeewwws.
Sounds like a good reasons to hold my shorts.
  • #62,606
  • Feb 20, 2008 3:04am Feb 20, 2008 3:04am
Quoting KrazyD
lol, hope this is classified as pin....if not..my bad. Still learning
Attachment
Yes, that is a Pin Bar. Not in the best location, but . .Yes, a Pin Bar. What broker do you use? My is on GMT.
Indicators show the past. Price Action "Indicates" the future.
  • #62,607
  • Feb 20, 2008 3:05am Feb 20, 2008 3:05am
Quote..."Although the Bank of England cut interest rates by 25bp earlier this month, the accompanying statement and Quarterly Inflation Report released last week was not extremely dovish. Even though BoE Governor King recognized the downside risks to growth in the Quarterly report, he raised the bank’s inflation forecast and warned that near term inflation will continue to breach their 2 percent goal while running the risk of breaching the government’s 3 percent limit."

I'm not sure about this 9-0 rate cut view. I would doubt that they are thinking of cutting rates again for the time being, not when they are so concerned about inflation.
  • #62,608
  • Feb 20, 2008 3:06am Feb 20, 2008 3:06am
Quoting parlenk
ehem..you sound so happy jarroo . I wonder how many pips already this month..don't tell me still 1000 pips..at least 2000 pips i presume.Ok. party ON.
You wouldn't believe me if I told you.
Indicators show the past. Price Action "Indicates" the future.
  • #62,609
  • Feb 20, 2008 3:06am Feb 20, 2008 3:06am
Quoting Jerry
ur attach doesnt load for me
I have tried and it's working
  • #62,610
  • Feb 20, 2008 3:11am Feb 20, 2008 3:11am
Quoting jarroo
Yes, that is a Pin Bar. Not in the best location, but . .Yes, a Pin Bar. What broker do you use? My is on GMT.
I am with FXDD and very very happy with them...the first brokers I have been happy with and have been through 5.
  • #62,611
  • Feb 20, 2008 3:20am Feb 20, 2008 3:20am
Quoting KrazyD
I am with FXDD and very very happy with them...the first brokers I have been happy with and have been through 5.
Just a different GMT time, it usually balances out.
Indicators show the past. Price Action "Indicates" the future.
  • #62,612
  • Feb 20, 2008 3:23am Feb 20, 2008 3:23am
Quoting KrazyD
I am with FXDD and very very happy with them...the first brokers I have been happy with and have been through 5.
Looks like a nice trade if you played the break of that Pin Bar.
Indicators show the past. Price Action "Indicates" the future.
  • #62,613
  • Feb 20, 2008 3:25am Feb 20, 2008 3:25am
Quoting Bernanke_Sr
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.
I'm not sure where this 9-0 rate cut news came from but I've not heard any mention of it myself??? As far as I am aware, the BOE is aware of slowing growth in the UK but is very wary of rising inflation risk so it will be in no hurry to cut rates in the near future.
I don't think the minutes will give away anything we don't already know but they will reiterate the non dovish stance Mervyn King has.
That's what I'm hoping anyway!
  • #62,614
  • Feb 20, 2008 3:32am Feb 20, 2008 3:32am
Now what??
  • #62,615
  • Feb 20, 2008 3:34am Feb 20, 2008 3:34am
Quoting JasonGuillen
Now what??

Give it time.....must be long minutes!
  • #62,616
  • Feb 20, 2008 3:36am Feb 20, 2008 3:36am
Quoting Pip Dream
Give it time.....must be long minutes!
You think thats driving UP??
  • #62,617
  • Feb 20, 2008 3:36am Feb 20, 2008 3:36am
Quoting jarroo
Looks like a nice trade if you played the break of that Pin Bar.
I had a kind of goofed up day..I played the previous pin from 209.70 it went up 100 pips...I didn't take profit..this is my challenge right now..and so took really small loss...I saw this pin forming but got in late...am working on take profit area..this is my latest challenge. Usually its too early..then the extreme is goes against me
  • #62,618
  • Feb 20, 2008 3:39am Feb 20, 2008 3:39am
Quoting JasonGuillen
You think thats driving UP??
Well I would have expected some sort of reation either way but hopefully up...
  • #62,619
  • Feb 20, 2008 3:41am Feb 20, 2008 3:41am
Quoting JasonGuillen
Now what??
Classic ... ROFL

It's called hurry up and wait
  • #62,620
  • Feb 20, 2008 3:42am Feb 20, 2008 3:42am
It just....came out different...then sat.
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