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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!

I appear to have been stopped from my Dollar longs and am now short Dollar from while I was in the shower. There's probably a moral there somewhere.

You're more organised than I am, Hils - still snuggled in my dressing gown ;)

Hmmmmmmmm
Interesting moves. Lost quite a few points trying to long the cable then it came good for me and I pulled my positions @ 1.8085. Ended up flat from those and now I'm short (i.e. long $) and I'm out of the money again. I seem to be going back to my contrarian ways - need an injection of "go with the trend vaccine" 'cos I'm trading like a fart.

Flatulent mg

I needed a shower, Choccy ......... I'd just done a 1 and a half hour workout. I was all sweaty.

Can't get into my website thingie to put up a chart. Was a bit sweaty over a cable long last night at 1.7986. Been willing it to retest 1.81. Reversed at 1.8116 just now - but no shower yet :S

Would you 2 stop all this about hot and sweaty and showers - I've just had to go and have a cold one myself.

Cable-wise I'm feeling a little bit slacker around the thong - they're now in net profit.

mg (maybe I'm not quite as big a fart as I thought)

Wouldn't surprise me if the Dollar does try to consolidate with a bit of a rally, mg. It did fall quite sharply overnight.

Btw, do you ever go "Commando"?

Well, a rotten day for me - all my spreadbets were in profit at one time, and all ended in losses. Most annoying was Dollar/Yen short from 1126, which went down to 1096-ish and finally stopped me out at 1144. Should have put on an oco, which frequently works for me. Not ruinous, but b***y annoying and unsettling.

That's a shame Maggot.
Don't think of it as unsettling and look on the bright side.
Considering the market upheavals of the last year, the $ is just about where it was a year ago against the 4 major currencies ;)

Forex - Dollar in broad decline as Hurricane Rita threatens - UPDATE 3

"Who Dares Wins" Hils - in fact you could describe my trading style and a bit of a thong with SAS tendencies.

mg SAS (Stupid and Suicidal)

Chuffed to bits with a couple of overnight shorts which brought me a net +150 points. It looked a bit dodgy earlier on but all proved OK in the end.

Off to Hull in a minute.

And don't forget It's Never Dull In Hull

mg (SAS Pope In Waiting, Currently Thongless)

Don't you just hate it when you withdraw too early ;)

Another couple of hundred points were there - but you win some and you could have won some more. Greedy I know but who cares wins.