Forex rebates on every trade - win or lose!

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?

anyone see the wood for the trees

Let me know

2 trades - lost on both david !!!

Still short myself from Sunday.. Tomorrow will finnish her off..

well done tellon,
do you plan to close before/after mpc ?
and at what price ?

support at 182.80 gone,
and very rapidly......

Interesting reversal going on from 1.8250
might be hope for us Cable bulls yet!

though have been learning to live with dispointment of late

Its been so bad I have been saying thank goodness for equities

Beeble,

I will hold my postion. If the anouncement is +25 or +50 I will close.

Ive been short for days.. I think im a dollar bull..

Hil,

1.8250 was the daily pivot point. Large selling would have started if this had broke.

Seems to be a lot of uncertainty in Cable this morning ahead of MPC. I've been using the crossover of a couple of MA's on the 5-minute chart to give entry/exit signals recently. With an hour to go, the 2 MA's seem to have converged and it doesn't look like they want to part.