Forex rebates on every trade - win or lose!

can i just clarify - when we talk about cable going down, do we mean dollar stregthening & /$ going lower ie below 1.86 now, or do we mean lower - the $ weakening & the /$ increasing? ie going above 1.87

Personally I meant, Spot Sterling/Dollar going down.

so you mean decreasing - ie going below 1.86, or 1.85?

Sue,

Cable going down means weakening, $ strengthening.

thanks hilary that's what I thought.

wish i'd kept my short open!

Sue - we all wish we could trade the left-hand side of the chart :-)

18550 coming under pressure. If that goes there should be a quick 100 pip drop till next support.

nice call boss

We have almost half of that 100 pip fall

Nearly there now although it's looking like it could carry on down. Might need a bit of patience though, as I expect there'll be a bit of support buying to give it a bounce to begin with.

Looks like the low's in. Time to reverse and go long. Stop at a move below 18468.

another well timed call!

Morning All, Opening up the week by going Long. Just the jist of my thinking bellow. Hope you all have a good trading day.

GBP/USD: Buying

"Cable rebounded from key support at US$1.8450 at the beginning and at the end of the week thereby leaving a key reversal day twice last week. Fridays upturn also emerged off the rising trendline going back to the Sep 03 bottom, which increases its potential for the week ahead."

"Medium-term target of US$2.00 still standing, we continue to view any dips as buying opportunities in anticipation of this bullish outlook."

Resistance: 1.8835, 1.8850
Support: 1.8640, 1.8500

Long at 1.8663 with a tight stop.

I could easily put the mockers on this, cox i'm long as well,
186.69

Long Tade Suggestion from A.G.Investments,

"1-Mar GbpUsd Long Entry - 1.8568 Limit - 1.8753 Stop - 1.8499 "

5 Day forcast projection - Gbp/Usd Up 1.8882 from same firm

Stop raised to break even. 15 minute indicators looking very bullish, hourly looking pretty good, too.

And stopped out for break even. Short and sweet and totally unprofitable :-)

GBP/USD
(UPWARD CORRECTION EXPECTED)from Low-1.8465
CASH: Support at 1.8440(SL can be below this)
BUY with Target1(T1)- 1.8550, T2-1.8590
Depending on risk profile targets can be selected