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Choccie,

I mentioned the other day that I didn't have a target as such for short cable because I felt that the projection was unattainable as I felt that the Euro and Swissie were on support from their own lines.

That projection was the rising support line through the daily lows since the end of July which currently sits at around 1.8030.

I suspect now that we will actually see that line reached over the next few days before it next finds any real support.

Sorry about that. Hilary. I stayed away cos I couldn't get a feel either and have to go to dentist this am cos bit of tooth fell out yesterday! So just continuing to watch for the moment.

There's no need to be sorry, Helen. As well as having stops which were hit on my Dollar shorts, I also had orders to buy the Dollar if the stops were hit.

:o)

Yep Hils - glad we agree :)

Just closed that short and waiting for a pullback.
Edit: hopefully to around 1.8177/81

Oh 'eck - enough of channels. Too hasty, me.



It could be quite interesting when we get to 1.8050/30, whatever ;)

Just had a query about http://www.forexmentor.com/ trading course for 245 quid.
Anyone heard of them??, or got opinions'

Glad you got my mail, Bob! My mate is also using CMC for the actual deals (still "paper trading" on the live dummy version at the mo). He reckons CMC are only "3 points away" on the spread c.t. 8 points with the next best provider? Anyway one step at a time for me - need to learn HOW to trade before I reach that stage! Well the grey matter needs to be kept stimulated!

Regards,

Markus.

-

Just goes to show perseverance can pay, after lots of failed attempts, finally managed a +ve cable trade. Not that I am paranoid or anything, but figured the only way I would get anywhere was to log-in as someone else............and it worked!!
Nicked 15 points from the bounce off of that lower support, a planned move..:-)

(Alright it should have been more, but after recent experience I am VERY cautious)

Turns out blundering ***king stupidity works a treat as well!!!
Just logged in to find a stop I had left on, through complete carelessness, has kicked in so I have a cable short @ 70 showing a +50, go figure?!?

Looks like the fairy's been in this weekend.

:o)

Just winged by, Hil . . . :)

Around 111 on the Yen looks to be key to me.

Forex - Dollar drifts as Fed action; most expect a hike - UPDATE 2

I suppose when nothing is happening no-one trades cable?
In truth I shouldn't have been. but I forgot rate decision was today, frightened the life out of me when it all kicked off....doh!
Managed to grab 2 overlapping shorts, out for +38 & +12 so I must have woken up at some point...:-)

Oil has been nice in the <$64 region. Anyone else following?

You weren't the only one Stormie :)

Forex - Dollar gets goose from Fed move, future hike bets - UPDATE 3

chocolat,

I hope from your comment you were.......

A. in the game

B. doing better than my shamateur dabblings...:-))

I'm still looking for clues from the USD/JPY which I see as being supported at around 111.40 today with EUR/USD resistance at 1.2210.

Hurricane Rita is going to play a big part in what the Dollar does from here, imo. Their weather forecasters appear worse than ours .......... "we think it'll hit Texas, but it might turn either way and could hit either Mexico or Louisiana instead." That's a mighty long length of coastline to hedge your bets against!