Forex rebates on every trade - win or lose!

The Dollar Protection Squad consists solely of the BoJ, mg. And they tend to come in while we're still in bed.

The ECB are too namby-pamby to intervene, the BoE couldn't really care less and a weak Dollar probably suits the Fed atm, so they're hardly likely to intervene.

choccy
I'm swinging the other way I'm afraid ;0

There's nothing like trading with the trend, mg.

:o)

hilary
That should read "there's mg trading nothing like with the trend" ;(

The Weaker the dollar is the better for the US. Although its more important the Peso, Yen and Cad $ are weak than us.. It helps the Trade Deficit.. The only ones likely to interven are the Japanese.. Rumurs are it will be the 100 level..

Got all that from interviews that have been on CNBC over the past couple of days..

Panic in Tokyo - BoJ have heard I'm short - Tora Tora !!

Actually, mg, I think that your Kamikaze style of trading against the trend might well pay off. 1.95 could prove too tough an obstacle for today.

Banzai - or is that Bonzai.

About bloody time - me and that trend were beginning to fall out. If 70 goes then I reckon it's clear water down to 40 - but thereagain, I've been calling it wrong since I started playing with this flaming cable thingymybob - apart from my first foray - should never have got lucky on my first punt ;)

Hmmmmmmmm TA reversal off 70 - and could still have some legs .....

5 more minutes and I'll decide if I stick or twist...frankly, I'd rather have been short the jpy thingie

choccie: I just love your dirty Forex technical talk "short the jpy thingie", not to mention "stick or twist".

Now where's that unattributed chart earlier in this thread that predicted 1.93, 2.1 then 2.4 -- it's panning out quite well, so far.

Thats nice, just came back and cable knocking on 9500, raised my stop so at worst I will be all square on trade.

My stop just went at 67, will be looking at long again when cable gets around 40ish

Im done till tomorrow now.. Later all..

Oh boy...someone cut my cable
But my jpy thingie's coming along nicely ;) How am I doing, MM?

Nice one, mg :))

'bout bloody time - next stage is around 420/25 level where it fannied around yesterday - IMHO, DYOR etc etc. It would still be clearly in the ranging up-trend but be a better place for me to get out.

Decided to stick with it to 380 - doesn't seem to want to stay at 20/25.

Finally took 30 off jpy - sticking with cable long for now ;)

Short again from 475 - there could, just could be a downtrend developing on the 5 minute chart - but you tend to see what you want to when you're an obsessive shorter ?8-<

[EDIT - I could have kept my mouth shut until it touched 400 - which would be a bit more robust as a confirmation - but I just wanted to share it with you all - just in case ]

AUD Australia Housing Finance 0:30 5:30 -1.0% -0.6%
JPY Eco Watchers Survey: Current (NOV) 5:00 0:00 46.4
JPY Eco Watchers Survey: Outlook (NOV) 5:00 0:00 48.8
JPY Machine Tool Orders (YoY) (NOV P) 6:00 1:00 48.3%
CHF Unemployment Rate (NOV) 6:45 1:45 3.8% 3.7%
CHF Unemployment Rate (sa) (NOV) 6:45 1:45 3.8% 3.8%
EUR ECB Mersch Speaks 9:30 4:30
USD MBA Mortgage Applications (DEC 3) 12:00 7:00 -5.8%
CAD Housing Starts (NOV) 13:15 8:15 220.0k 225.0k
NZD RBNZ Official Cash Rate (DEC 8) 20:00 15:00 6.5% 6.5%
JPY Current Account Total (OCT) 23:50 18:50 1382.7 1744.3B
JPY Adjusted Current Account Total (OCT) 23:50 18:50 1500.0 1498.3
JPY Trade Balance - BOP Basis (OCT) 23:50 18:50 1400.0 1436.5B