Forex rebates on every trade - win or lose!

Nice exits - one and all!

Covered 50% @ 1.7500

Covered remainder @88 - now flat.

A pretty good day - don't often take 100 points+ in a few hours. :o)

Well done Gausie!

G,well played.

Ta

Considering long .......

been expecting support @480 - 500. Looks like it's kicking in. Think 510 will confirm it, so waiting.

Spektaklier, this is :)

small long .... 82

Well I'm long 1.7470 now.
Was still short when you were long G, before I left work - bit late to the party but jumped in on the initial bounce off 1.7530, after I'd dithered over 1.7569 :S

Have also averaged the long down a bit (stop @ 7448)- but getting bored - may just take profits soon and go watch the apprentice.

Too many entries tire me out. If you hear me snoring, you'll know why.

H&S broken out - target 526.

This might take a while.

Well I'm teetering now - I don't know why I only closed half at 1.7503 earlier. But at least I got the shepherd's pie in while some were snoring.

Some good trading on here today you guys and girls, looks like cable just swinging round the pivot point 1.7494.

Cloud - I get the pivots by email every day - to be honest I dont even open it. Just interested in support, resistance, volatility and candles. But I know some swear by pivots - if it works for you, go do it!

Hi G...... I always plot them on the chart as the pivot is more often than not a price magnet, gives me some idea where price wants to go, but still experimenting.
Been buisy this week and not got round to giving you a bell, you around in the morning?

No. Have meetings in Bristol tomorrow.

Should be about Fri though.

Gausie, I presume it was the cable chart you wanted.

Still technically in downtrend though currently a bull rally in a bear market. The rally has just given a double top buy signal which would indicate further short term strength. Now I have it on good authority that forex traders like horizontal support and resistance lines which means there may be no resistance until 1.7850 level. If however, the red bearish resistance line does figure (and I haven't been studying forex charts long enough to know) then resistance may come in at 1.7700.

The very interesting thing is that the last projected target given is that 1.7850 level I mentioned above. The two numbers are independent of each other which provides added weight to that figure.

The overall trend is most definately down though and any longs at this time would of course be against that trend.

I'll watch with interest anyway.

Thanks Harlosh - but where's the wireless chart?

It's Thursday which means Question Time.

Harlosh,

Can you access faster P & F Forex charts eg 1 hour, 5 minute, etc?

Gause,

Do you mind me asking how much you pay round turn on your contracts?