I promise I read it properly the first time... but... you are so right... What worried me but only slightly is that "a welfare class" is a valid statement. Listening to Cypress Hill (in Spanish of course pendejo!). I love it! Anyone else learning or ...

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Great analysis/harbinger of doom! I'm currently listening to Barbie Girl in Spanish (vamos a la fiesta) so anything you could say will have no effect! I really am truly sorry for all the poor people who will be affected by this government but ...

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Dim problwm

Jacko's Forex House of Pleasure and Pain

Hang on... Americans being EVEN MORE NEGATIVE THAN BRITONS??? I'm buying GBPUSD!!!

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Er, this is the shorter version of my rant... Lo siento, a veces necesito decir tonterias para hacerme feliz.

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I think Gordon Brown and the Labour Party had a good point in their election campaign... who gives a shit what the deficit is, build growth as quickly as possible and use the proceeds to pay back the debt. The ConDem coalition see it the other way ...

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But the news didn't violate your setup? I understand. Nice one.

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It was quite positive for the gbp though. Fading it IS an option but I'd be very careful.

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It looks better on the daily, I'm on the 4 hour chart to watch for opportunities to add on but I've got two open now so should probably leave it a few days and take a look then. I'd love a break and retest of 1.19 to add on.

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Why?

EURUSD

Yes, I understand the point he is making but I just don't think it is very helpful.

Jacko's Forex House of Pleasure and Pain

This 50 level could be one to watch for a bounce and retest of 1.24/5/6?

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I know the trend is down but something tells me to be wary of the 50 level on the way down, we could definitely see a bounce there and retest of 1.24/5/6. Ultimately though I would think this is going down to 1.19/1.18. Anybody else want to get this ...

Jacko's Forex House of Pleasure and Pain

If you go to his blog address it's all about flogging his book. My point was that if you determine a target you have, to a degree, attempted to forecast the future price movement of the pair you are trading. You can't tell me that when you take a ...

Jacko's Forex House of Pleasure and Pain

Really? What are you doing when you use fib extensions, channel lines, horizontal s/r, pivot points or any other method of determining a target? Ok so beyond targets isn't worth forecasting but the whole premise of the article is silly in my view, ...

Jacko's Forex House of Pleasure and Pain

Thanks for the tip, I appreciate your help. I will/am being careful.

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Yes but with summer coming up will it be only retail traders shorting it now?

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Point taken but it's taken me a long time to work out my head and what it does to me when I think too much about stuff. I'm happy doing what I'm doing. Actually I am concentrating on keeping my losses small but I accept that the above statement does ...

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I'm thinking 1.24 was the level to be in. The break looks good. Have you any thoughts on where it will go? 1.19 and 1.18 are both strong and a break of those would be great but just maybe all the negative news is already factored in? Sideways for ...

Jacko's Forex House of Pleasure and Pain

I don't think many people are bullish eurusd at the moment but isn't it always the way that the people who everyone call mad are the ones counting the money at the end of the day? lol My trading style now entails entering trends with very small ...

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