Forex rebates on every trade - win or lose!

Fwiw, I still see this as a sell atm but I see the 17965 level as being critical as an upwards break would probably trigger a lot of the short stops. I wouldn't be surprised to see a fresh round of resistance selling if it starts to approach that level.

edit: Header updated with interest rate change.

ok ok now short !

Hallelujah Brother.

:o)

Looking over the cliff...
but will she jump....

its 100 pips down

how low will cable go

Now what if that US employment isn't that good and the US decided that they really needed a few months of reasonable employment figures before raising rates.
Short got a few but not quite happy to reenter short at this stage as mowing lawns, cutting more hedges and fixing childrens bikes.

If you connect the low of 29th April with the low of 3rd May and extrapolate the line, guess where Cable found support an hour or so ago!!!

If you then connect the high of Wednesday with the high of Thursday, we seem to be in a pennant, with resistance at around the 17965 that I mentioned earlier.

careful small short as it may not like it above 17950+

Its a war Bulls V Bears and at 13:30 one side is bringing out the Big Gun to crush the other..

WooHoo!!

Pleased with my short entry at 17959
...well assuming that resistance at the 50 area holds
I cant see it getting over that til post figures
(assuming that is the direction we are to go)

I have found if difficult trading FX this week
Still thats the name of the game...
and here we are back at last nights close more or less

hodgins...hope you are right

I've also found this week very difficult and my normally reliable oscillators have been all over the show at times. Fingers crossed that we might be on the turn now as that 17965ish looks to be holding.

edit: Maybe I spoke too soon.

Im shacking with adrenalin..

Just made 150 pips on 20 postions in about 5 seconds.

Im done for the day I need to go lie down now..

happier bunnies with the lights out of their eyes.
I am glad you were right foale!

Tellon well done...
20 positions?

that's more than the kama sutra,
well, the ones i've tried anyway !

Yeah, I started with 5 and just got out of control.. I brought my family my friends every one i know in on it.

I was a wreck waiting for my open postion numbers.

I think I'll stick with the 2% risk strategy

Keep getting the feeling that 1.7950 is a bit of a 'magnet' with Cable atm
lets see

Well done, Tellon. 20 positions ...... I'm amazed.

I'm really not at all sure on direction now having been stopped earlier. I suspect that I'm not alone, so I'll probably leave it until next week to see if it makes more sense then.

I guess it'll be interesting to see whether the rising support that I mentioned earlier from 29th April holds.

on the basis that 178.80 held i've got a small long running from 178.96,
anyone clever enough to get a short away pre figs at 180.30 ?