Forex rebates on every trade - win or lose!

Tried shorting yesterday and gotn burnt,small long this morning,just closed,will try a short somtime today.

Thanks Hil,

Looks like I got out at the top.. Thats a 1st for me..

Good work T. I made 5 pips off earlier short at 9420, but closed too soon. (Again)

Got double burnt yesterday going short into a fierce rise. Managed to get a few back this morning BUT - I thought the DOW was dangerous - this is FAR OUT !!

Isn't it just..

so much more fun :)

Tom H daily market thoughts is pointing out that Euro against dollar has rallied 61.8% to 1.3315 since Oct 2000 lows. There is not a lot of EUR/USD history to go on but support should kick in soon.

Isn't Fibonnacci his middle name?

No thats what he recommends as a hair restorer.

He's just been on Bloomers saying 1.945 is strong resistance, but then the slide of the dollar will continue. So $2/ and $500 Gold sometime next year.

I was obviously far too early for shorting yesterday but gradually getting a good few points back today. Will have to get into the groove of this one - when it moves there are no prisoners taken !!

Citigroup give $/EURO at 1.40 during next 12 months.

BT:

TomH may be right about the /$, but I'm not sure about gold. During the Cable surge, Gold fell from about 477 to below 450.

Interesting times . . .

I've got a gold long on but on the day chart there's a bearish engulfing candle. Looks decidedly dodgy to me.

Morning All,

Not to sure today, looks to me like Long Euro and Short Cable....

Not sure yet what to do..

No panic T, I'd say you've got another half an hour or so yet. USD looks a long against all the Europeans, imo.

Entered 1 position at 210 short.. I usually enter a second as it goes higher but went straght down today which is not a good sign.. Waiting for 220 but I think this may be a quick short trade for only a few pips... Maybe I can get to B/E for non farm....

Spoke to soon

ITA New Car Registrations (Y/Y) NOV -8.2%
ITA PMI - Services NOV 08:45 03:45 54.0 54.4
FRA PMI - Services NOV 08:50 03:50 54.5 54.8
GER PMI - Services NOV 08:55 03:55 52.0 52.2
EUR PMI - Services NOV 09:00 04:00 53.2 53.5
GBP CIPS Services PMI NOV 09:30 04:30 56.3 56.3
GBP PMI - Services NOV 09:30 04:30 55.9
GBP Official Reserves ($ Change) NOV 09:30 04:30 $445.0M
EUR Retail Sales (M/M) OCT 10:00 05:00 0.2% 0.1%
EUR Retail Sales (Y/Y) OCT 10:00 05:00 -0.5% 0.0%
CAD Net Change in Employment NOV 12:00 07:00 30.0K 34.3K
CAD Unemployment Rate NOV 12:00 07:00 7.1% 7.1%
USD Nonfarm Payrolls NOV 13:30 08:30 200K 337K
USD Manufacturing Payrolls NOV 13:30 08:30 5K (5)K
USD Hourly Earnings M/M NOV 13:30 08:30 0.3% 0.3%
USD Average Workweek NOV 13:30 08:30 33.8 33.8
USD Unemployment Rate NOV 13:30 08:30 5.4% 5.5%
USD US Fed's Santomero Speaks On Outsourcing, Exchange Rates 14:30 09:30
USD ISM (non-Mfg) NOV 15:00 10:00 55.5 59.8
USD US Fed's Minehan Speaks on the US Labor Market 15:15 10:15

It's all about patience, T.

Went Short at 25.... Its holding my old line of resistance as support now..

Its gunna be one of those days..