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

  • #169,981
  • Apr 9, 2009 5:27am Apr 9, 2009 5:27am
now its the 30minute of heart pounding wait..tick..tick..tick
Imanuel Parsifal
  • #169,982
  • Apr 9, 2009 5:28am Apr 9, 2009 5:28am
My trading instinct is telling me price is waiting after the rate decision to break out. I believe price will head north assuming news is as expected, that is rate remains unchanged. I'm taking half position long at 146.80 and will add the other half once an hourly candle closed above 148. I have a killer trading instinct so I'm normally right. Besides, I can't go wrong trading with the trend.
  • #169,983
  • Apr 9, 2009 5:34am Apr 9, 2009 5:34am
I try to learn from hindsight
This pair is trading in a channel on the daily chart.
It bounced off the upper trend line at 151.75
A short at that area would be showing 500 pips in profit..
Attached Image (click to enlarge)
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Some drink at the fountain of knowledge. Others just gargle !
  • #169,984
  • Apr 9, 2009 5:35am Apr 9, 2009 5:35am
Quoting sycho
and hold on to you parashut...40,000 above sea level...ooppss!!
don't worry, I'm ready..
  • #169,985
  • Apr 9, 2009 5:38am Apr 9, 2009 5:38am
Quoting Pipsqueak
My trading instinct is telling me price is waiting after the rate decision to break out. I believe price will head north assuming news is as expected, that is rate remains unchanged. I'm taking half position long at 146.80 and will add the other half once an hourly candle closed above 148. I have a killer trading instinct so I'm normally right. Besides, I can't go wrong trading with the trend.
nice plan ..bro..i would encourage trading with your guts/instinct cause most of the time they are 95% wrong...and you could be passing the wrong message out to newbies here..best of luck
Imanuel Parsifal
  • #169,986
  • Apr 9, 2009 5:53am Apr 9, 2009 5:53am
im in g/u 146.33 long
hope this news comes like that
  • #169,987
  • Apr 9, 2009 5:54am Apr 9, 2009 5:54am
Quoting Pipsqueak
My trading instinct is telling me price is waiting after the rate decision to break out. I believe price will head north assuming news is as expected, that is rate remains unchanged. I'm taking half position long at 146.80 and will add the other half once an hourly candle closed above 148. I have a killer trading instinct so I'm normally right. Besides, I can't go wrong trading with the trend.

Who' having a rate decision and when? I wasn't aware of any rate announcement from anyone except Australia's this week
Thanks
  • #169,988
  • Apr 9, 2009 5:58am Apr 9, 2009 5:58am
Quoting currencyexch
Who' having a rate decision and when? I wasn't aware of any rate announcement from anyone except Australia's this week
Thanks
GBP rate decision..... in 2 mins time
  • #169,989
  • Apr 9, 2009 5:58am Apr 9, 2009 5:58am
Quoting sometospend
im in g/u 146.33 long
hope this news comes like that
best of luck..and fasten on to your seat belt..its about time
Imanuel Parsifal
  • #169,990
  • Apr 9, 2009 6:01am Apr 9, 2009 6:01am
If current GJ H4 candle close below 147, we might have bearish continuation pattern (Falling Three Method).
  • #169,991
  • Apr 9, 2009 6:02am Apr 9, 2009 6:02am
Quoting sycho
best of luck..and fasten on to your seat belt..its about time
this my first live trade
  • #169,992
  • Apr 9, 2009 6:03am Apr 9, 2009 6:03am
BoE Website - The Bank of England’s Monetary Policy Committee today voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to continue with the programme, announced on 5 March, of asset purchases totalling £75 billion financed by the issuance of central bank reserves.
The Committee noted that since its previous meeting a total of just over £26 billion of asset purchases had been made and that it would take a further two months to complete that programme.


GBP should go down now, QE has just been re-affirmed
  • #169,993
  • Apr 9, 2009 6:05am Apr 9, 2009 6:05am
does anybody remember the times when we had news and price will jump 200 pips...? at least we new the direction...
  • #169,994
  • Apr 9, 2009 6:07am Apr 9, 2009 6:07am
Quoting gico
does anybody remember the times when we had news and price will jump 200 pips...? at least we new the direction...
these are light volume times mate, everybody thinking of the Easter weekend.
  • #169,995
  • Apr 9, 2009 6:09am Apr 9, 2009 6:09am
Auslanco's 4hr/1hr qqe/gann strategy near crossing down for an entry trade short....
  • #169,996
  • Apr 9, 2009 6:10am Apr 9, 2009 6:10am
well what do we think nothing much happening
  • #169,997
  • Apr 9, 2009 6:12am Apr 9, 2009 6:12am
Quoting currencyexch
well what do we think nothing much happening

set up an OCO 15 either way from current
  • #169,998
  • Apr 9, 2009 6:12am Apr 9, 2009 6:12am
Quoting sometospend
this my first live trade
you shall chose a lion to start with
Imanuel Parsifal
  • #169,999
  • Apr 9, 2009 6:14am Apr 9, 2009 6:14am
I bet there will such a big irattional non logical move in the next half an hour.....Easter weekend......When it does something like this they are just waiting for everyone to make their mind up I guess???
Let Price determine your future!
  • #170,000
  • Apr 9, 2009 6:17am Apr 9, 2009 6:17am
wow GJ moved a massive 2 pips on GBP rate news
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