yes patience,we dont want to shop in Harrods ,we want Poundland

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Not a bad bet Mike ,I was tempted myself ,but am wiating for better price for longs as while we are in this channel

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hay acid I think you will make money out of that short as long as you dont hold it to after today ,haha

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I think inverted hammer at the end of bearish run,and is a bullish signal,so not a good one

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apart from bad news ,lol

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Hope it dont shoot up now ,lol,but you are choosing the safest option,the only thing im thinking is the market obvously thinks the news is bad for us,or its tring to touch that res before the news ??

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+ there is more news danger to come today,could get rocky

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I think going long into the news is a bit risky mate we are right at alot of res,more likely to go down at this stage,imo,trading news is =danger if you dont know what your doing.

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Ok im thinking there will be a pull back , but as long as we stay in this channel I am going to carry on longing from the bottom ,I do think we could be going very much higher technically, but we approaching some strong resistance.

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That’s great Mike you are coming to me saves me time I couldn’t be better mate

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Cool nice to see you here Mike,a bit of quality advice I mean

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Ok Jacobtrader, At what point would you say the tide has turned, I can certainly see your bearish view, and was looking forward to your charts you mentioned What’s the line that needs to be crossed for you ?

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What about direction today Mike ,I see some consolation maybe drop down to 1.9570 then up with break out up tomorrow early morning over today’s highs . I seeing bullish momentum building, or do you think im to focused on longs with that resistance ...

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Honestly never studied them ,though probably I should

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Sorry mate ,I dont think most of us even knew what the forex was in 2001

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My max low until 12 is 1.9484 . On the 4 hr ,the immediate action is trending down nicely,little bit futher away is in up trend channel,we need somthing good to break the 1.9620 + level ,a whole lot of resistance there and above ,price action at mo ...

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You know I am thinking that housing data in the morning might be bullish. Last few reports this month ,on house prices, have been very slightly better than expected. Man On The Street here has been anticipating lower rates and we now have them, ...

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[quote=AmeriTrini;1847809]I'm lookin to buy on a dip when the housing data comes out for the UK @ 700pm est. It should be bearish where as the inflation data should be bullish, so tonight I see a possible opportunity to buy on a dip. Retail sales ...

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Exactly what im thinking Ameri

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BTW I was joking about Mike copying my trades, LOL

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