Forex rebates on every trade - win or lose!

I'm long too at 18878 looking for 1.9200. If that low at 1.8784 goes I am out.

nice entry limpy,
got a small baseline 188.80 that both you and i hit,
next below i make 188.40ish, but like you hope not to visit it.
my upside taget - more than yours, but i'm a greedy bugger,
good luck.

back to this resistance 189.20ish - if it goes we should get some
more upside

philly fed helped clear that 189.20 level
bless them

Not for long thou... :(

tellon ;~)
getting better now they've worked out it's not good for the $ !

IG Index keep closeing the Market (So you can not Buy/Sell) Im a bit new to the online world. Is this the same for CMC?

nope - cmc you can trade thru the night,
i'm on cfd's, price now 189 63-67, i.e 4 pip spread

Cool Cheers

Hi Ruth. Welcome to forex :-) Know what you mean about scalping - it's very stressful.

My approach at the moment is to try and establish a position over a couple of days, adding to it as the price rises, trying to capture the longer trend.

As Hil has pointed out, you need to be willing to set quite wide stops and take a drawdown to get into and stay in a position, but it can be quite rewarding.

Haven't been able to trade the past couple of days as I'm offline in Telford doing day-job stuff but looks like I've managed to miss a particularly difficult whipsaw period so perhaps it's for the best.

Moved my stop to breakeven so we'll see what tomorrow brings

Whew! Got out of that with a tenner. Never mind, pays for lunch in the pub on Friday.

Bank of Japan giving the $ a feel good factor
with and euro, but will it last

Morning Beebs,

Looks due for a bounce on the 5-minute chart. Slightly different picture on the 1-hourly chart though ...... might just need a bit of patience to let it unwind a touch further yet. It's a difficult one.

Is it time to reverse? (Go Short)

"The direction of the dollar over the coming days is important is determining how cable will react, but for now we remain cautiously bullish whilst 1.8800/8780 holds. Below this level, expect a pullback to longer term trend line and Fibonacci confluence at 1.8500. Look to attempt tiny longs near 1.8800, stop and reverse below 1.8770 for 1.8500"

Looks like the market was listening and gave me my answer

Tellon; short not my style at present on this animal - it bites....
having said that not sure where the next news is coming from that will
take us back up to 190 ish.
We've been to 187.45 - I know coz i had a long order at 187.42 - and that is more of a correction than i was expecting from 191.40. I think it's currently looking oversold, and the $ is only getting a leg up coeurtesy of Japan.

However....... fortune favours the brave ?

Fortune does favour the brave. But it makes you age quickly...

Blimey. I go away for a few days and look what happens! Good timing for me. I'm far too bullish on Cable at the moment and would probably have given back my profits from the start of the week if I'd been trying to play the past two days.

dclinton: Yup, it's all gone horribly wrong, and no sign of a spike today. I smell intervention, real or pending . . .

Incidentally, you said were in Telford working -- not a consultant to the I*nl*nd R*v*n*e by any chance, are you?

MM- I'm afraid so. Hopefully not for much longer, though.