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Stop raised to 1.9048. Bit of a pullback at the US open.

small short 190.69, tight stop

Sometimes it works to your advantage that CMC dampen out the fast spikes in the prices. Should have been stopped out several times in the past 10 minutes but still in the trade.

did they get you that time dc ?

Yep. Stopped out finally at 1.9048. Calling it a day. Got to get a train to Telford now :-(

Nice result, dc. Well done!!

Hil,

[off topic]- have you resolved your "Terminal" problems?

Also pleased that I repatriated US corporate earnings last week at only 1.88.

Derek

Derek,

Thanks. It's fine at the moment, but it is an ongoing problem with one particular view which still needs to be resolved.

Well done on the exchange timing ..... I can see the Cable heading higher in the short term. I'm sure it'll come back eventually, but the only Greenback buyers for now appear to be the BoJ and if European interest rates go up and US interest rates don't, then, imo, we're talking a fair bit more than $2 to the GBP.

Thanks, Hil. Not sure if I'm finally getting the hang of it or if I just got lucky.

B of E minutes at 9.30
If it was 9 v 0 may push cable higher again.
had a long last night @190.20, watched it up to 190.57, went ot bed with stop in at 190.30, which the bandits at cmc managed to hit. what a surprise.

Beebs,

I can't contemplate a fresh long at this level. Imo, you've got to see a pullback on some profit taking to wind those oscillators back a bit and create some fresh buy signals. Hand sitting for me till then, because I'm not going to short it either.

spot on if you'll pardon the pun
i'm tracking, not trading just now,
must have a correction soon - dont think we'll break 192
before a re-trace back to say 190ish
i was logged on by 7.00 this morning - were you around then, cos i needed some breakfast......

Beeble ,your a darling, thanks very much,much appreciated,

A certain CEO from 'over the road' was on BBC News 24 today at approximately 12.30pm discussing the current state of the Dollar.

Anyone see it/him?

DocProc; no. what did he say ?

cable now at support - 190.24
will 190.00 hold

Is the next interest rate rise now in the price?

mm; seems likely with a 9 - 0 vote in the mpc,
though prob not till apr/may
190.00 just gone - need hilarys' wizadry for next stop,
but looks like 188.70 to me.
really cant believe we're going back down there,
oh nice bounce off 190.00 - good support then.

Beebs: I agree, another 25 points rise then will see it through $2, IMHO, assuming no change in the Fed or Eurozone.

Beebs,

It's my guess that we're somewhere close to the bottom. It's looking oversold now, as is the /$ cross, and the uptrend is still intact. It could spend a bit of time consolidating, but I'll be surprised if it's not retesting the high again either tomorrow or Friday.

mm; the only thing worrying me about $2 is everyone knows it,
i've got a later timeframe, say june/july, by which time
pressure could be on fed to increase from 1%.

edit; tks hils