I'm not looking to long cable, Leugimp. I was looking to long GBP/JPY, but I'm still waiting. God, you short-term traders drive me nuts. It's not about the minute. It's about the day...

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I'm short for now. Yes, Leugimp, market expectations color price movement. However, when a release has an effect on your technicals, you should take notice and react. That release will have an effect on that pair over time...

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How's that methodology working out for you, Leugimp?

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There is no highly significant news ahead of FOMC on Wednesday so I figure the current technical direction will continue until then, which is SHORT!

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Good way to lose your ass over time, try macroeconomic analysis first and use technicals as entry and exit signals...

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I'm short as hell on GBP/USD, by the way, dude. I'm looking to long GBP/JPY because it yields very high on the carry trade, which fell apart recently, which I made money on as well by shorting it. Now it looks like it might resume because the fact ...

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I hope you're right because I've been short since 1.9735 and holding...

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BTW, the long I was talking about was on GBP/JPY, not Cable. I'm short as hell on Cable... I'm looking for a long I can hold for at least 100 pips, not looking for 10 pips with a pullback. Now the 4 hour is about to close as an inverted hammer, but ...

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Looks like the cat dragged in everyone tonight, by looking at who's viewing. I'm short with impunity, but looking for other opinions, especially since GBP/JPY was going long until a few minutes ago. Any thoughts on it? I'm considering a long, not ...

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Stay short for a while until it turns around, this looks like a good deal to me. I wouldn't enter any new shorts, but then again, I have no reason to...

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And that idea is based on what?

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Like I said, I have no projection, nor do I ever. I'm short until Demark or Vegas tells me to stop. I don't trade intra-day, even though I have to watch all the time because I trade off 4hr charts. I hope you're right about it ending up down, ...

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Well, half an hour to Frankfurt now, what do you think about holding a short, Monarch?

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Pretty cool, Monarch, makes me feel mellow... The black screens put me off when I first started this stuff, I've never used them...

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That's why I like Vegas with an intervening confirmation method. I don't have to calculate anything! I'm short until it fibs or slopes, and I have absolutely no idea when or where it will happen. At this point I'm along for the ride, and what a ride ...

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That method can't be backtested mechanically because it's really not mechanical but discretionary. It takes a while using it to recognize the situations where it will not work, and also I have found that if there is a news event behind the slope ...

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My current Modus Operandi being 4 hour vegas says stay short until further notice. I know there are a lot of naysayers regarding this method lately, but it's making me a lot of $$. I use an independent confirmation method based on Demark, however. ...

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Bodge, I guess they don't have the 3 stooges down under. Cultural mistake, my bad... Anyway, take a look at the daily candlestick chart on GBP/JPY. It fell out of bed. The carry trade is falling apart for the moment and I made 150+ pips shorting it ...

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Still short since 9735, seems to be working so far... I'd stay short until I saw an upward trendline break, MA cross, whatever's your poison. I think I'll close out the week in pretty good shape, around 7%. I'm holding for now, you all can do what ...

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Bodge, being an Aussie and therefore my brethren, I would think that you would have a sense of humour about this kind of shit...

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