Forex rebates on every trade - win or lose!

Imagin if all the contracts. Thats 1.5 Trillion Dollars or 1 Billion Contracts (100k) where half long half short.

That would be $50 000 000 dollars.. A Pip!

Now bang on the interbank 1-3pip spread.. Thats 50 - 150 billion dollars a day.. No wonder these guys are rich.. I wana be an interbank broker!

edit: Thats only if you take a trillion as an american trillion! If it was an English Trillion then WOW! (* a million)

Anyway enough of my Gibarish..

Hil, Any reason you prefered GBP over EUR this morning? Im off now but will take a look on here tomorrow am.. Have a good nite all

T,

At 7am yesterday, there was a positive reaction for GBP against the EUR because of the Nationwide House Price Survey. You then had weaker than expected French Business Confidence. The result was that, by the time that I was looking to enter the market, Cable was still looking bullish but EUR/USD was looking decidely bearish.

Looking to short USD again this am, but not just yet. Oil off $1 though.

Morning,

EUR/GBP very flat today..

Looking to long cable @ about 115 though

Good morning all

Hilary I hope your migraine has gone today.

Looks quiet at the moment. I am off for a shower, hopefully the dollar will mark time till I return in 20 mins or so.

Migraine much better thanks, Bob. I get one once every 2 or 3 years, I suppose ...... starts with an inabilty to focus on anything, which lasts for about 20 minutes, followed by a stonking headache for 3 or 4 hours

Doesnt sound nice glad your better today..

hilary
Know the feeling - I can go for ages then all of a sudden - bang. For me, when I get them they come in 3s - so I probably get the second and third about the same each day for 3 days - only thing to do is lie down in a darkened room after taking Migraleve. Mine are relatively minor compared with some people I know who are violently sick etc. Glad to hear you're feeling better.

Second foray into the GBPUSD - short from 19153 19147 and 19139

I missed my window.. Turned 125 down.. Gunna take a long with a tight stop now. But looks like ive mised it.. Long 164

Trying to fight it - short some more @ 19175

Wow, up and away half an hour or so ago.Any good trigger for that?
I might think about a short /$ but wary?

Cable short @ 68 closed@ 57. Long @ 59 trailed stop up to 59 and now closed flat. Will Long again when trend resumes.

cable & euro diverged. Will cable drop or euro recover?

I dont know which way to trade cable so am reverting to basic strategy and going to play golf

cu tomorrow

That divergence is certainly making it tricky this morning. Golf sounds attractive and I don't even play it.

:o)

Im long average from 155. Stop now at 184.

Come on Cable!!

Wish I'd gone to play Golf. Beginners luck ran out - stopped out @ 200 ;(

Theres always tomorrow mg..

So... Will the yanks be buying $ when they get to work?

"The Bank of England also appeared to be comfortable with Sterling strength and this helped encourage further Sterling buying. The markets may tend to see dollar selling against Sterling as more attractive, especially with poor Euro-zone data today."