Forex rebates on every trade - win or lose!

please explain;

oil up over $39 today, and $ gets stronger ?

must've missed something.....

Well if indeed we are range trading...this 18380-5 is a good place to reverse

18370 is the well supported uptrend line on the 1 hour
good since 3rd

added to my long on a tight stop...and now praying

However the bearish engulfing pattern on the 4 hourly
looking very worrying

Bit surprised that it failed to make a significant break higher this morning, but my new strategy said reverse at 18422 so I did. Who am I to argue with the system?

above 1.8410
and highs becomes a "possibility" again

1.8430+ and I will be adding to my long

This could still be a prelude to the 'significant break higher'
Hilary mentiond in the earlier post

We have been in this 18300 to 18470 range since the end of last month
a big 'test' of support and resistance not out of the question b4 it breaks it to the upside

8 hour chart...showing candle 'tails' commensurate with getting ready to push higher by the end of the week

Staying long.. for the moment

Afternoon All,

Short Cable from 1.8390 Stop at 550 from Sunday myself. Holding for a break bellow 300/295 level. Obvioulsy out and Long at 550.

getting my "pips squeezed" atm....
usually a sign of a reversal..


Well done Hilary and Tellon

stubbornly added a few more to long at 18372

Been out..just as well...

However...depsite the fall which looks like a selling climax to me
coupled with the near perfect Doji formed on the one hour
means I am staying long

There is a perfect "double doji" on the daily.

The current candle is bearish engulfing the doji.

The double doji is also the fib support the rsi support and line supprt.

If the candle continues tomorrow and breaks the double doji I will make a lot of money. The market will explode down.

Also BOE will not raise rates Thursday. Buy the rumour sell the news.

Any views on my opinion?

Oil = 37.17 (-0.11)
Gold = 391.5 (-2.5)

Tellon,

I think that we've seen a typical market over-reaction to the price of oil over the last 3 or 4 weeks. The market now seems to be accepting the oil situation (bar a possible terrorist attack on a Saudi pipeline maybe) and the broader economic issues seem to be returning to the fore.

Long again this morning. Hope that it's got some legs this morning and I don't get whipsawed as happened with my opening long yesterday morning. As I've said previously, I'm fully prepared to get my hands dirty day-trading if markets dictate but I'd much rather latch onto a trend and turn the screens off so that I can go outside to sunbathe. Especially in this weather.

Was thinking about my Forex trading strategy and then world domination...

but now....

just imagining Hilary's legs covered in Factor 8 !!

Have a good day everyone

foale,

The Anglo-Franco-Portuguese-Indian blood in me means that I don't need to worry too much about Factor 8. Not on my legs anyway.

:o)

she uses factor 10 david !

hilary - what was i rubbing in then ?

That was the Whitefly repellent, Beebs.

Here, in allegedly one of the sunniest corners of England zero sunscreen looks the order of the day.
Sitting at the screen scalping may be the only way to make any money today?

I am looking for a run up to 18395 this am
then more consolidation b4 a break up into the 1.8435-75 area

its going to make a run for it soon..

If it is going to go up this morning, it needs to happen pretty soon now imo, otherwise I'll be looking to reverse to a short.

edit: The Euro seems to be holding the back atm.

Both Industrial production numbers better than expected

Rate rise even morelikely now tomorrow
Cable going up..though not exactly racing

What where the numbers?