Forex rebates on every trade - win or lose!

long open 18062 cable/usd yesterday closed today at 18225 for 163 points.
Also am short USD/CAD from yesterday and am locking the profits

well with a 3 cent rise in cable over the past 24 hrs, the 10.00 theory
will be in for quite a test today - it looks overbought to me

Not yet, Beebs.

Stupid woman!! I've just pressed sell to close instead of buy to add.

:o(

;o(

post 243 - spot on, if you'll pardon the pun

as for post 244 - we all do it sometime, at least you've admitted it !

so do tell, where is the top according to the re-instated Mistress Guru ?

No idea, Beebs. I'm not a subscriber to Elliot, Fibonacci or any of the other patternmeisters ...... you could burn them all at the stake as far as I'm concerned.

My strategy is simple. Identify a trend according to whatever indicators suit you best and then trade with it (rather than against it) for as long as it's maintained. You've got to be in it to win it.

Hilary - yes, patience is definitely the key. Trouble is, I've taken so many hits on Cable in the past weeks that I'm very jumpy and placing stops a bit too close. The volatility makes it very difficult.

Still, managed to wait for the breakthrough above 1.8916 yesterday and take 80 points or so on a long in the late afternoon which helped recoup my losses.

I'm still very much a learner at this trading business and one of my problems is still to open trades too impulsively ("if you're not in it you can't win it"). When I sit back and take the time I have a much better success rate.

I'm just starting to use the Fib retracements and they are surprisingly indiciative. Yesterday several times the price moved back to a fib level and paused there for some time.

looks like they've forgotten to flip the switch today....
10.00 = 183.07, where i'm long

It's a bit dithery this morning, it's true. Waiting for a move above 1.8330 (the morning's top) before considering a long. It's just as likely to bounce from there. There's clear air above there to Friday's open at 1.8441 and Friday's high of 1.8523.

dclinton; my thoughts too, approaching 10.30, but still just positive
enough to move the stop to 182.96

keeps bouncing off your 183.30 dc
maybe third time lucky ?

Well, there are some nice postive trend lines forming an upward channel and the moving averages look good.

There goes a possible breakout. Gone long at 1.8338.

well the theory still intact, though it looks more like
someone moved the selector to buy , rather than sell $,
though the euro is trying a little more now.
clean pair of heals now to 183.80 dc ?

In theory, yes :-) The price has bounced back under 1.8330 again, but keeps challenging it. If it breaks through I reckon it's clear up to 1.8440, possibly 1.8525.

Got to get above 330 and stay there, though.

flat line on forex with cmc
not good if you have a position open
anyone got a cable price please

I've just had that. Exited and restarted MM5 and it's back again.

currently 1.8329/33

tks dc - rang the dealers
back now and moving our way 183 40-44