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Infinity replied May 7, 2008I think these are already priced in. I think any hawkish action or suggestions from the central banks will send both pairs back up a few pips.
Auslanco - GBP/JPY and GBP/USD (newstrade)
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Infinity replied May 7, 2008I think it is an excellent trade. You stand to lose very little and you may well gain plenty pips.

Auslanco - GBP/JPY and GBP/USD (newstrade)
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Infinity replied May 7, 2008I agree
.........but if it doesn't..................Auslanco - GBP/JPY and GBP/USD (newstrade)
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Infinity replied May 7, 2008I apologize to everyone else on the board.

Auslanco - GBP/JPY and GBP/USD (newstrade)
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Infinity replied May 7, 2008You talk like a chick
You are a chick aren't you?Auslanco - GBP/JPY and GBP/USD (newstrade)
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Infinity replied May 7, 2008Why are you worrying about me, I am fine, worry about yourself
. I already stated my position and the areas that I am watching. You are obviously a frightened newbie who thinks this shit is las vegas gambling
. Get a life and stop ...Auslanco - GBP/JPY and GBP/USD (newstrade)
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Infinity replied May 7, 2008I agree with you on that point, but IF we do not get a close below this level, I think 210 is on the cards.

Auslanco - GBP/JPY and GBP/USD (newstrade)
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Infinity replied May 7, 2008As I said before, I am married only to my wife, not my forex positions and I also see this as a possible scenario.....
Auslanco - GBP/JPY and GBP/USD (newstrade)
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Infinity replied May 7, 2008Line of reasoning.... — My thoughts are based on this simple chart......as I said before, I could be wrong.

Auslanco - GBP/JPY and GBP/USD (newstrade)
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Infinity replied May 7, 2008What about the break of the red trend line? I agree it is a bear flag, but it I am not sure it is ready to break down yet. I see this flag possibly continuing to 220-1, but I could be wrong. In the short term I am watching 2 areas 205.5 and 203.5. ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
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Infinity replied May 7, 2008Blue line is 4h 200 ema and line above it is 4h 100ema. I'll have a 4h close in 5 minutes. Bless
Auslanco - GBP/JPY and GBP/USD (newstrade)
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Infinity replied May 7, 2008also.....If this last 4h bar closes like this we could have at least 100 pips up... If it closes below blue line, I will re-evaluate. Bless
Auslanco - GBP/JPY and GBP/USD (newstrade)
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Infinity replied May 7, 2008strange price action? — Just something to think about before we say gj and uj are going to down to the hell hole.......
Auslanco - GBP/JPY and GBP/USD (newstrade)
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Infinity replied May 7, 2008The reasons I am still holding a small long are: 1 - we are at the bottom of the daily channel 2 - 4h 200 ema should provide good support 3 - weekly pin (looking a bit shaky at the moment though) 4 - mm can allow it 5 - Us sentiment has shifted a ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
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Infinity replied May 7, 2008I got stopped out of half my position, the other half is below the 4h 200ema. Oh well, it's part of the game.

Auslanco - GBP/JPY and GBP/USD (newstrade)
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Infinity replied May 7, 2008exactly...... plus 4h closed above 1h 100 ema....
Auslanco - GBP/JPY and GBP/USD (newstrade)