Forex rebates on every trade - win or lose!

Cable must be getting quite toppy in terms of trendline , anticipated cut tomorrow imho though seems to rally with banks and indices which are squeezing the bears til they squeal

Commentary about cable from elsewhere:

Stops are building above the 1.4500 level with short-term traders invoking their god-given right to fade anything resembling a trend. Technically, the pair looks pretty good if it can overcome resistance in the 1.4545/50 area. A break of that zone would target the 1.49/1.50 region again, levels last seen in mid-January.

Bank cuts rate to record low

Anyone recognise a trader formerly known as ... Most Outrageous Southerner? ;)

Well you were right about 1.49/50, Seymour. What's your secret to riding a trend? Have you taken profits and gone short or are you waiting for this new Bail-out to get finalised?

Flossie's secret is a can of dog food and a 2am call on his alarm clock.

:o)

She's not wrong :-))

Hil knows about my nocturnal habits.....

Incidentally Falco, that wasn't me commenting, it was cut 'n' pasted from another site.

Hil knows about my nocturnal habits..... hope she doesn't know about mine.

or mine!

I hear dog food can be more nutritionally beneficial than the majority of British dietary habits, is that accompanied by a nice glass of Chateau-neuf?

I'm not sure about the nutritional benefits, Falco, but it's sure had a nice taste to it these last couple of weeks. Eh, Flossie?

:o)

You bet Hil, and continuing. You have mail btw.

Is the average trade time the time of day when trading, or the length of time the trade was running? Impressive record hope it's not a demo account!

That's average trade duration from a live Alpari account, Falco. I've also got it live on another account too. One trade a day - fixed TP and SL. Wins around 80% on cable and around 65% on loonie (although it's been on a good run lately). Average loonie win size ratio is higher, so PF for both pairs should come in about the same.

Is it hours and minutes or minutes and seconds.I guess it is all automated and very stress free!

Cable unless I am mistaken has retraced to fib. point at 1.44 approx. what do you forex experts think about longing it from here?

Hils
You still placing the trade at 2.00am?

Falco. also monthly pivot at 1.4450 area, so interesting area, but to me the charts look negative atm.........but that could all change. 4 hr candle might give you a clue in 1/2 hour

Thanks gofor it, I've tried longing it and will check the 4hour

why?

Taken a quick profit, what should I be looking for on 4 hour chart, excuse my ignorance?