Forex rebates on every trade - win or lose!

Hils (off-topic): you coming to the traders' day?

mm; Dont think she's coming, but may send the legs

I'd love to come, boys, but I'm already booked in for a pedicure on that day.

:o)

Seriously, don't think I'll be able to make it ....... my son's the school goalie and he's playing a match that day.

didnt quite get the correction back to 182.00 i expected,
bit directionless atm, like the dow,
you still short hilly baby ?

hilary, first time I have visited this thread, congratulations on the header post, its a model of clarity and useful information.

I will be back.

Beeb,

I got stopped on my GBP, but hanging in there with the EUR.

I'm a bit torn on the 12560 spot level. It seems to have been key support over the last 5 days.

Dollar weakening again - just went short & scalped a few.

Sue - sent you a message. Also updated my profile to contain my email address.

Bother sat & watched dollar strengthen & did nothing.

Could have made 40 points in 10 mins.

What a well run thread this is!

and were is the coffee ?

Boyse - what do you mean?

I think he means what a well run thread!

???????????????

B.,

Forget the coffee. Isn't the Bolly on you?

:O)

Greenback seems to be struggling for direction this morning. Think I'll sit on my hands for now and wait for a clear break one way or the other.

Well, my bunglings on the pound/dollar yesterday left me about 60 points down on the day. Of the 600 points of rise over the past three days I have managed to capture about 23 :-(

Holding a position open, looing for a further rise today. IFR Forex Watch suggest we'll see a retest of the January high of 1.8580.

[IFR Forex Watch]
[GBP/USD OUTLOOK]

[20:41 GMT January 22] Cable remains underpinned by rate hike expectations and
the resumption of a dollar-bearish psychological backdrop. ECB jawboning is
paying diminishing returns in EUR/USD and cable retains its preferred status
owing to stronger growth than the EU and less onerous deficits than the US.
Cross trade was particularly noteworthy today, with several large chunks of
GBP/AUD bought by a UK name. Dealers were unable to identify the flow, but
it felt like a "deal bid", for M&A purposes, for example, rather than for
speculative purposes.
Technically, Cable looks set to re-challenge the 1.8580 highs set earlier in
January, with a strong zone of support forming between the 1.5370 and 90 levels
on dips. The 1.5390 level was briefly visited in New York after another
unfounded rumor of Osama bin Laden"s capture made the rounds at mid-morning.
UK Q4 GDP and UK retail sales are due for release tomorrow, and will seal the
deal on whether or not the BOE will hike rates in February. MPC member Large
made no mention of rates or the economy in a London speech this PM. --JC/rd

[IFR Forex Watch]

| [ GBP/USD TRADING PAGE ]
| [SPOT] |[TECHNICAL SIGNIFICANCE] |[RECOMMENDATION] | [POSITION]
: 1.8635(M) |2% MA band top |flat on a failure | [LONG at]
: 1.8580(S) |daily high Jan 12 |take profit, buy break | [1.8304]
: 1.8535(M) |daily high Jan 13 |flat on a failure |
: 1.8480(M) |daily high Jan 22 |flat on a failure |Open|21/01/04

[1.8452] 08:00 GMT FRI 23 JAN : | TIME 08 45|

: 1.8400(M) |pullback low Jan 23 |sell stops below | |
: 1.8255(M) |pullback low Jan 21 |buy a bounce |TGT |1.8580
: 1.8150(M) |daily low Jan 21, 50% |buy a bounce |Stop|1.8390
: 1.8075(M) |61.8% of 1.7825 - 1.8480 |sell a break below |
============|==========================|=========================|=============

Sharp bounce out of 1.8400 has propelled price towards the 1.8480 top from
yesterday again. Have raised stops to below the former to lock in more profits
on the trade. Daily charts constructive and the 1.8580 high from last week is
a viable target but suggesting flatting the trade for profit of 1.8535 rejects
and re establishing on dips. (AS) [08:00 GMT]
end

Out of curiosity, anyone know why /$ is known as 'Cable'?