Forex rebates on every trade - win or lose!

MG. Its your fault. you told me my stops were too close, so have widened and have been trading like a yoyo ever since. I will jump ship if 8720 res level goes.

Sorry mate - looks as if it's a bum day for you as well - go and smack a few balls at the range - get it out of your system - I've kicked both my cats ;)

We havent got any cats and my wife is lying low, its also raining and rain and golf and Bob dont mix. I will stop out at a 100pips any time now.

Will try again next week

Short 18709 (missed everything else today) - actually waiting for a decent long entry. :S

D'you want a bungee cat Bob?

mng

My 8740 stop survived the night and cable is a bit comatose at mom. I will try to close at 8680. I am holding a short and looking for a long entry!!!

Choc I would love a bungee cat ;) :)

bob good luck.

Closed cable at 84. Not too mch damage.

Going for breakfast and try to figure out which way is up

bob, when u find out let me know..:)

Still short from last night ;) 18600 would be nice.

she who waits chocco..

Morning,it`s a bit slow today.

jeffmack,
re 3209......would have been nice....but have now burned account, no excuses, out of the game.:-(

Just crossed over a trade from Friday - long from 18650 closed and now short from 18750. So a nice long - but not too sure about the short. Am away all day again so leaving a fairly wide stop

mng mg decent jap figs over night caused the move..

Here is our weekly technical report attached. In case of any problems, it can be also found at http://www.e-forex.ro/index.php/content/view/154/26/ .

Short term (Intraday)
1,2938. EUR USD consolidate until the 61,80% retracement. EUR USD is in an downtrend directed by 4H exponential moving averages. EUR USD is in a consolidation after the last bearish movement. The price is just bellow 1,2950 resistance. The volatility is high. RSI is in a bullish configuration. The price should find a resistance below 1,2950. We could take a short position at 1,2950. We will put the stop loss above 1,2980 (-30 pips). The targets are 1,2850 (+100 pips) 1,2820 (+130 pips) 1,2740 (+210 pips). This is a dangerous trade, take care and put your stop loss.
Medium term (Daily)
EUR USD broke 1,2950 support. EUR USD broke the uptrend to begin a bearish movement. The volatility rises. Bollinger bands are deviated. RSI is in a bearish configuration. The downtrend should continue to gather momentum.
Long terme (Weekly)
EUR USD is in an uptrend supported by weekly exponential moving averages. The volatility rises. Bollinger bands are deviated. MACD is in a bullish configuration. The uptrend should resume with more vigor..
Resistances
1,2950 - 1,2960 - 1,3100
Supports
1,2925 - 1,2900 - 1,2850 - 1,2800

,8765. GBP USD broke 1,8750 resistance. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). GBP USD is in a consolidation after the last bullish movement. The price is just bellow 1,8800 resistance. The volatility rises. Bollinger bands are deviated. RSI is in a bullish configuration. The price should continue to consolidate. The price should find a resistance below 1,8800. We won't take a position while the volatility is high.
Medium term (Daily)
GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). GBP USD is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. RSI is in a bearish configuration. The downtrend should continue on 1,8160 support.
Long term (Weekly)
GBP USD is in an uptrend supported by Week exponential moving averages. The volatility decreases. Bollinger bands are tightened. There is a negative divergence between price and oscillators on the monthly chart. The price should continue to consolidate.
Resistances
1,8800 - 1,8900
Supports
1,8760 - 1,8735 - 1,8680

Oh dear - gave 50 points back by trying to be clever and reversing what proved to be a nice upward trend - hope those who had it as their friend did better than me ;(