Forex rebates on every trade - win or lose!

,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 ;(

mg didnt do any fx 2 day move up has been sharp and swift.

Have been short since 18900 (resistance ??) last night

Me too mg - 18903, but I did one of those oco thingies before I went out 50 points lower. Waiting to see how the land lies at 18920.

You're getting even better at this game - my problem is that I'm doing too much day job stuff and have been caught out a few times in the last week or so. Strike rate not that good.

Out again in a minute so leaving my position (again) - hoping that it doesn't break out above the 900 level.

Same here, mg - it seemed a safer bet last night. I missed being able to concentrate on FX during the day, had a few goes instead at getting myself out of an ICI hole here and at work.

Bollox - bounced out again for another -50 points. Not a good strategy leaving positions unattended. I will not be doing that again - cost me dear this last couple of days - spiked out.

Buger, bugger, bugger, bugger, buggeration

mg its been allover the palce as u know did a bog fig up and down in abt 35mins.

Got a bit distracted this morning...missed the loverly top.
Long 18845, not sure how long for now

choc well done long 2 8900

Still long - dunno how much more can be squeezed out on this run, but 19030ish would be nice

Been out all day, so missed the lovely rise in Cable(or drop in Euro/Yen). I agree, it's very dodgy leaving even an oco during the day unless you're already well in profit. It seems particularly important at the moment to trade with the trend, and it's odds on, at the moment, that the currencies will make a big turn at sometime during the day.

choccie
Lend us a fiver ;))

You really are the Chocolat Queen - or is that Creme de Chocolat :)

Brilliant stuff !!

EUR/USD

Important support is seen at 1.298 and it will probably be tested a bit later. Resistance is seen at 1.308.
Keep an eye on the today events. Current quote is 1.3020.

Recommended trades:

Short at 1.3030/40, t/p @1.2970, s/l @1.3070

USD/JPY

The pair found support at 104.95 and it seems to target the first important resistance at 105.40. Current quote is 105.12

Recommended trades:

Long at 105.00/10, t/p @105.70, s/l @104.70

--

took profit on my long @ 18950

GBP/USD - British Pound Dollar
Short term (Intraday)
1,8930. GBP USD broke 1,8900 resistance. GBP USD is in an uptrend supported by 1H exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. There is a negative divergence between price and oscillators on the 1H chart. The uptrend seems to be finished. The trend should reverse. The target is expected at 1,8800. We won't take a position.
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
1,8950 - 1,8980
Supports
1,8920 - 1,8900 - 1,8850

EUR/USD - Euro Dollar
Short term (Intraday)
1,3017. EUR USD is in an uptrend supported by 1H exponential moving averages. The price is just bellow 1,3050 resistance. The volatility is high. Bollinger bands are parallel and form the trend. RSI is in a bullish configuration. There is a negative divergence between price and oscillators on the 1H chart. The uptrend should continue on 1,3100 resistance. The price should consolidate. We won't take a position.
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
1,3050 - 1,3100
Supports
1,2995 - 1,2945/50 - 1,2930

Managed to scalp 20 points in an attempt to get my confidence back ;)

Will be trying to play it both ways today - screen watching whilst trying to write a boring report - multi-tasking - not one of my strong points !!

mng mg ..good luck mate..