Forex rebates on every trade - win or lose!

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

yeah, but still banging on the ceiling at 18345 and can't quite break through...

And it's broken though, up to 350+

pausing for a while, which way willit go?

well if yesterdays pattern is followed - unlikely i know - it was just after 12.00 we got a big leg up

Well, it's still finding support on the recent trend lines and fib retracement levels. The MACD and stochastic on bothe the 5 and 15 minute charts are pretty bearish but there seems to be a strong bullish push which is having to fight the indicators. I reckon up.

Or it could go down. Or it could go trendless for a while :-)

Yes, the US open at noon will either knock it back or give it a big push. The latter, I hope.

dc; you cant talk like that to spaceman - he won't understand