Forex rebates on every trade - win or lose!

not sure i am just trying to decide wether to close my forex trades until after the figs or not,

i recon if they do not increase the rate the market will look at that as bad , after last fridays bad non farm payrolls,

but then again who knows what the mkt will do,

Catch 22 as usual! ;-)

Sitting short /yen and downward movement over the last couple of days.
It's brushing up against support on the hourly chart and a new downward channel would seem to be forming.
Also it always falls from August until later in the year.
Hoping to keep this one for at least a while? Oil price a possible wild card though.

Read something last week from RBOS forex guys about GBP always falling against the YEN during August , interesting.

It could be volatile though!

Lol , Japanese growth figures released last night were lower than expected and chucked a temporary? spanner in the works.

Still can't run profits - didn't catch that fantastic spike today on Cable but closed a long a few minutes before, and closed three more longs after it (total about 50 points). Could have left any of them to run but I just can't - the only times I have done in the past I've lost a load!

Bet some of you have made a fortune today.

some charts

Cable dropped 86pips just after 13:00 . . . wasssup?

some one sold it

:-)))))) That'll be it, then.

17850 ish looks next support mm

moonblue: Thanks for that.

7821 even

all my charts on here MM
http://www.tec-trix.com/forum/forum.asp?FORUM_ID=8

Anyone got any views? are all the Fx traders on holiday?

edit - when did CMC reduce their cable spread to 3 points? pleasant surprise!!

Got back from the South of France in the early hours, Sue. Can't get motivated atm. It'll still be here next week, so I'll maybe turn the screens back on then.

Tiny pound short in anticipation of strong US employment data, can always add more if things head that way after lunch (or close not too painfully).

I'm sorry, hodgins, but I'm going to offer a contrarian view.

Cable seems to have been supported at 1.7850 over recent days. It has failed to push significantly lower and is now looking well oversold on my oscillators. I suspect that bear stops are currently located at around 1.7950 and, if we can push through that level, we could see a squeeze and a subsequent up-leg over the next few days. I wouldn't be surprised if weak employment data doesn't turn out to be the catalyst this lunchtime.