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Ian,

I think that it corrupts the posts below because it seems to terminate the post after a certain number of characters regardless of content. If there is any html within the post, the closing tags may then be lost and the html will then carry on to the next post.

We will do a little digging around to see if we can solve it for you hil.


Ian

You're an angel, Ian. In the meantime, do you have any thoughts upon where Cable is going today? Up or down?

:o)

Hil,

My bet is that it will either go up, go down, stay the same or a combination of all three :0)

Ian

You've been listening to that boss of yours for too long.

:o)

I suspect that the dip buyers will move in on this current retracement at some stage and we'll see a retest of the overnight high and a possible break of 1.85 to form a new high of the up-leg.

incisive new guru in the making there hils !

agree with your synopsis - i sold my long this morning,
in the hope of getting back in later - well very soon now
by the looks of it - 184.20ish would be nice

With a view like that, he should be a politician, Beebs.

:o)

long again

Still flat...
and watching

I'm sure that a lot of traders must have been confused by that crazy price action on Cable at 1:30 on Friday at the time of the payrolls data. I certainly was at the time.

Apparently, at the same time as the payrolls were released, the Fed sent a spokesperson out to say that the Fed weren't too bothered by inflationary effects. The better than expected payrolls number sent Cable down, but the Fed comments prompted the ensuing weakness in the Dollar. Hence the wild swing each way.

stopped out on that one -28

Just over 18380 is where I would expect support buying to start. A couple of my oscillators show that it could have further to fall though. Wouldn't be surprised to see it hang around the 18380 for a little while until they turn.

long again 183.69, although
oil just dropped below $38

I see that IanT has been on Spaceman's Concorde method FX course. Very effective.

oil over 38 again - cable up 20 !

MM,

No I use my own theory which was devised from astrology, an old bingo calling machine and a devining rod :-) I am thinking of setting up some training courses, you would be more than welcome to attend.

I am probably the biggest scalper on this thread

Today I have done 1 trade..taking 25 pips on a short Cable from 18394

I just cant see a clear direction where an 'obvoius' 40-50 pips can be taken out...While I can make a case for 'both ways' doing nought

the oil situation, coupled with thursdays
interest rate thoughts have given rise to
some indecision......

i think .25% is about 85% certain, .5% =10%, no change = 5%

I caught up on the threads on another FX board over the weekend. Seems there are a few experienced players who aren't happy with the current price action and are staying out of the market waiting for a break till it sorts itself out.

Short below 280, long over 500 seems to be the concensus.

Hilary; You forgot to close the table so I have put it in for you