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stewrigh replied Apr 22, 2009BTW It wouldn't be the first time we were bailed out by the IMF. The last time we had a bunch of Labour muppets in govt they had to be bailed out too.
Auslanco - GBP/JPY and GBP/USD (newstrade)
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stewrigh replied Apr 22, 2009Yep I agree its oversold - At 100 it will be even more oversold but that doesn't mean it won't get there. When I'm trading I try to keep an open mind and this keeps me out of a lot of trouble. Just because you believe its oversold doesn't guarantee ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
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stewrigh replied Apr 22, 2009I just can't make my mind up. The major(monthly) trend is down although we just bounced off the alltime low (120) also a double bottom from 1995. So is the trend reversing or is this years PA just a retrace. Think until its clearer I'll just trade ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
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stewrigh replied Apr 22, 2009I really can't decide which way this is gonna go now so i just opened the Monthly - interesting pin forming. image
Auslanco - GBP/JPY and GBP/USD (newstrade)
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stewrigh replied Apr 22, 2009I thoght the beast might retrace - but I didn't think it'd go this far - WOW
Auslanco - GBP/JPY and GBP/USD (newstrade)
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stewrigh replied Apr 22, 2009Think he made so many pips double counting he retired.

Auslanco - GBP/JPY and GBP/USD (newstrade)
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stewrigh replied Apr 22, 2009I thought the budget would have a negative reception from the markets. Just an informed guess that came right lol.
The WoRmHoLe
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stewrigh replied Apr 22, 2009I see what you mean - Don't normally look at sigs.
Auslanco - GBP/JPY and GBP/USD (newstrade)
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stewrigh replied Apr 22, 2009Yep thats also why I'm flat - lol

Auslanco - GBP/JPY and GBP/USD (newstrade)
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stewrigh replied Apr 22, 2009Why do u think the budget was good it was BS and the makets know it was BS. The UK economy is stuffed and that ain't gonna change anytime soon.
Auslanco - GBP/JPY and GBP/USD (newstrade)
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stewrigh replied Apr 22, 2009Yep - Thats why I'm staying flat.
Auslanco - GBP/JPY and GBP/USD (newstrade)
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stewrigh replied Apr 22, 2009Much as I hate to say it and I will not be going long. The 141 is a huge number - I think it'll bounce - not sure how much tho. image
Auslanco - GBP/JPY and GBP/USD (newstrade)
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stewrigh replied Apr 22, 2009U can't say u wern't warned lol
Auslanco - GBP/JPY and GBP/USD (newstrade)
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stewrigh replied Apr 22, 2009PY just dived 100 pips. They've started number crunching lol -

Auslanco - GBP/JPY and GBP/USD (newstrade)
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stewrigh replied Apr 22, 2009Yep the word ur looking for is 'BS'
Auslanco - GBP/JPY and GBP/USD (newstrade)
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stewrigh replied Apr 22, 2009Patience - they haven't crunched the numbers yet.
Auslanco - GBP/JPY and GBP/USD (newstrade)
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stewrigh replied Apr 22, 2009ur welcome - u shld sell now B-I-G.
Auslanco - GBP/JPY and GBP/USD (newstrade)