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

  • #74,721
  • Apr 23, 2008 2:38am Apr 23, 2008 2:38am
Gotta go gang. Trade smart.

See ya,

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #74,722
  • Apr 23, 2008 2:38am Apr 23, 2008 2:38am
btw, i went short at the same price u went long :
it was clear to me that price was going down.

just a little caution i always tend to tell. be very careful when u draw trendlines. make sure u do that on at least 3 platforms, u'll be amazed how much they differ. a support or resistance line can change dramatically. however, candlestick patters rarely differ, and if they do, they still point to the same direction. we might have a evening star on one platform, bearish engulfing on another, and price rejection on even another, but all signal "bearish" in that case. i also learned that the hard way


good luck

Quoting jarroo
A hard break through the 204.42 S/R level and I will add to my short.
  • #74,723
  • Apr 23, 2008 2:40am Apr 23, 2008 2:40am
yes jaroo. i agree that we must break at 204.42 area. first it has to close 1hr below 204.70.
  • #74,724
  • Apr 23, 2008 2:44am Apr 23, 2008 2:44am
i'd use daily cadlestick patterns for longer term trade, but i prefer h4 patterns when i'm trading short term trades.
price could reach weekly 5sma today, but bounce off of it and mess up the daily patter to point upwards. h4 gives me a clearer picture of what will happen the next 4-8 hours



Quoting jarroo
A hard break through the 204.42 S/R level and I will add to my short.
  • #74,725
  • Apr 23, 2008 2:52am Apr 23, 2008 2:52am
to me long seems much better..

buy 5 lots @ 204.70 TP1: 100 pips ...let's see
  • #74,726
  • Apr 23, 2008 2:59am Apr 23, 2008 2:59am
Quoting Srikanth
to me long seems much better..

buy 5 lots @ 204.70 TP1: 100 pips ...let's see
great
i went long since QQE was cross at TF15M or wait for http://news<img data-emoji="grin" al...1.png?v=15.1">
times to make money
  • #74,727
  • Apr 23, 2008 3:06am Apr 23, 2008 3:06am
Hi Gentlemen,

I'm a newbie and this is my first post in FF, there still long way for me to go to learn from you all.

BTW, I found a coming news:

UK Preview: A 9-0 Vote With More Hints at Balancing Acts Expected from BOE Mins
11:10 04/22 (CEP News) London – Economists are expecting a unanimous 9-0 vote and more references to policy balancing acts in the minutes of the April 9-10 Bank of England Monetary Policy Committee (MPC) meeting, during which it was decided to cut the benchmark UK interest rate by 25 basis points to 5.00%.

If the announcement is according to the above, i.e 9-0 vote, how does it effect the G/J, up or down.

Thank you.
  • #74,728
  • Apr 23, 2008 3:26am Apr 23, 2008 3:26am
Quoting cubicrey
Hi Gentlemen,

I'm a newbie and this is my first post in FF, there still long way for me to go to learn from you all.

BTW, I found a coming news:

UK Preview: A 9-0 Vote With More Hints at Balancing Acts Expected from BOE Mins
11:10 04/22 (CEP News) London – Economists are expecting a unanimous 9-0 vote and more references to policy balancing acts in the minutes of the April 9-10 Bank of England Monetary Policy Committee (MPC) meeting, during which it was decided to cut the benchmark UK interest rate by 25 basis points to 5.00%.

If the announcement is according to the above, i.e 9-0 vote, how does it effect the G/J, up or down.

Thank you.
probably down but who know how price action work
good luck all
  • #74,729
  • Apr 23, 2008 3:33am Apr 23, 2008 3:33am
It broke downwards, but them there bulls are strong today, careful trading peeps, look at that bull candle go, still holding shorts too.
Money & Pain Respect the market, protect your capital, be patient
  • #74,730
  • Apr 23, 2008 3:37am Apr 23, 2008 3:37am
Target hits

Nice $5k ...
  • #74,731
  • Apr 23, 2008 3:37am Apr 23, 2008 3:37am
ez up ez down!!!!!!!!!!! bombs away.
  • #74,732
  • Apr 23, 2008 3:40am Apr 23, 2008 3:40am
hmmm, short blew up at break even, sl bomber or what? lets see
  • #74,733
  • Apr 23, 2008 3:42am Apr 23, 2008 3:42am
g/j is in down trend actually... those who want to open new order wait for few hours..yes hours then probably short would be nice target
  • #74,734
  • Apr 23, 2008 3:43am Apr 23, 2008 3:43am
Quoting Srikanth
g/j is in down trend actually... those who want to open new order wait for few hours..yes hours then probably short would be nice target
Money & Pain Respect the market, protect your capital, be patient
  • #74,735
  • Apr 23, 2008 3:45am Apr 23, 2008 3:45am
What's your downside target?

Quoting Srikanth
g/j is in down trend actually... those who want to open new order wait for few hours..yes hours then probably short would be nice target
Regards, Android.
  • #74,736
  • Apr 23, 2008 3:46am Apr 23, 2008 3:46am
Quoting Srikanth
g/j is in down trend actually... those who want to open new order wait for few hours..yes hours then probably short would be nice target
Maybe I should do my analysis after the trade as well. Perhaps I'll have better luck.
  • #74,737
  • Apr 23, 2008 3:46am Apr 23, 2008 3:46am
Quoting toyboy tramp
may i know the reason for tht laugh? am i wrong mr.genius ??
  • #74,738
  • Apr 23, 2008 3:46am Apr 23, 2008 3:46am

Quoting Srikanth
Target hits

Nice $5k ...
  • #74,739
  • Apr 23, 2008 3:47am Apr 23, 2008 3:47am
[UK APR BoE/MPC MINUTES] showed a 3 way split with 6 members voting for a 25bp cut while Besley and Sentance voting for unchanged rates while Blanchflower went all out and voted for a bolder 50bp move. The majority were split between downside risks to CPI and those taking a view that it was not so clear. Most thought a Apr cut would reduce the need for sharper moves later. The hawks thought that while cuts are warranted, one was was not warranted quite yet as data did not justify such a move.
Patience + Humility + Study = Success
  • #74,740
  • Apr 23, 2008 3:49am Apr 23, 2008 3:49am
Quoting android
What's your downside target?

I haven't opened any shorts yet.. i'll short around 206.50 and target 200-250 pips ...dats enough for me..
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