Forex rebates on every trade - win or lose!

Choccy,

I don't have a cable target although I've got my eye on around 1.1930 on Euro Dollar as support. Doesn't look as though she'll see that level on this leg down though. There's always manana I suppose.

Looks like cable's bottomed now for today. A few more pips up and I'll be out.

Can't say I'm comfortable long for long, Hils.

I've just the place, ten four - next to my duck collection.

Fed rate hike a foregone conclusion

I have around 1.7750 target - what say you ten four?

chocs
That would be a good target but I've got to get some work done before this afternoon - then off on my travels for the next few days. So I've closed out @ 1.7720 - for +25, +35 = +60 which is another nice positive close. Need to keep this up. 60 to 70 points a day (every day) will definitely make mg a happy boy.

BTW my little lines would give a bit more than 7750 - more like 7770 actually.

Keep those Steel Balls swinging ;)

Tenfore

So much for FED raising rates - Cable hardly flickered - talk about anticipation - I thought I was the only one who traded the trend a day before it happened :)

Looks as if my open long position is active - from 1.7615. Think I'll leave it with a 50 point stop - if that one goes I've got another one set to trigger at 1.7520.

C y'all the week after next - day jobbing for a change ;(

Hey snaperoonie ten four. Reversed long there this afternoon. Got home just after 7 and forgot the decorator was coming - only just managed to have a look!

Btw - missed 1.7720 this morning as I got called away straight after posting. Gave it up at 1.7695 after the umpteenth try to get above 1.77.

Nice one ;)

Been trading cable up and down in its current little downtrend channel. But I have a shallow support line along the lows from 12 October that crossed through the channel yesterday afternoon. Currently long at 1.7628. It's got to break out one way or the other soon :S

Yip - that's a breakout :)

Just a quickie to say that as well as my 1.7615 long opening yesterday I left another to open if it reached 17630 - and it did :)

Closed them last night when I got in @ 1.7760 :)))))))))))

Might take a look later this afternoon - off up to Liverpool - so must dash

Is ther any way we can prevent the acidic forex fairy character from appearing every time we open this thread

I've removed the Fairy just for you, iqubal, and I'll now look forwards to reading your future contributions on this thread.

Hil: Oi! Wot no fairy! Next thing we know, Chelsea will lose to some Spanish outfit.

Iqubal -- there is an alternative solution to your problem -- the Fairy only appears to those using Internet Explorer -- those using FireFox or Opera browsers won't see him.

Oh 'eck.
*Poof* and he's done one without so much as a cheerio :(

Er, less of the *Poof*, please, I'm not that kind of Fairy . . .

Ha



Looks like I'm back to washing my own pots again.

I am off on holiday to Tunisia for a week. Laptops are banned by a higher authority.

Happy trading everybody

Sterling work and much burning of midnight oil this week has restored the integrity of my pet theory, "It is not possible to make a profit on cable from a terminal in my vicinity"
I now believe I have a higher authority on board for this one, called the fall from the Friday rate spike correctly, tried to place the short and lost my connection, by the time I got it back cable was close to it's afternoon low....go figure..:-)

Little opportunity to trade next week, so should be a cheap week...lol

Very exciting at the w/e - checked my emails & had 4 margin calls fom CMC saying my account was 92,000 in the red! They had put in a cable price of 0.6!

The messages have all gone today! but it got the old heart racing!

From Saturday
Fed raises rates to 4%, signals more 'measured' hikes - UPDATE 5