Forex rebates on every trade - win or lose!

The door just opened . . . but we've been here before a number of times over the years when $2 seemed certain but it never happened. However, WDIK . . . except that my company has significant $ receipts due over the next 6 weeks -- that's wot does it.

Inflation's got to be the key driver, MM, and I can't see how, in the months to come, the UK are going to be able to get anywhere near Gordon the Moron's ridiculous targets all the time that energy costs are sky high. And with Fed tightening drawing to a conclusion, the focus has got to shift back to those deficits soon.

It would be interesting to overlay an inflation adjusted chart for US Crude on top of a cable chart for the last few decades. I haven't got a clue how to do that or what it would even look like, but I think it might be an interesting exercise nonetheless. Maybe that's one for Roger Bootle and his Sunday column in the Torygraph.

edit: Next week"s key UK event risk is Wednesday"s publication of the quarterly BoE
inflation report. This should shed fresh light on UK monetary policy. In the
wake of this week"s strong UK data, UK interest rate futures are currently
pricing a 25bp base rate hike before year-end, with another 50bp tightening
expected to follow in 2007.

Hi all, i have a favour to ask anyone who can answer this question.
Need an indipendant price.
I have an account being traded for me in US and i need to confirm what
price EUR/JPY was trading at 11-10 Chicargo time, which if i've got me maths
right is 6 hours behind UK so 17-10 UK time.
Also will interbank rate be very close to FXCM price?

many thanks
Steve.

Lost my crappy slow internet connection totally last week, so haven't been able to post for a while. Just had a look at my last post - target 18100 on a pull back!! Ho Hum!! This rise has been relentless and I guess the adage 'trade what you see' has never been truer! Just goes to show I still have a long way to go before I have this cracked, but now I'm back on Broadband at least I can watch what is happening. Anyway, short from Friday, although having completely messed up over the last 7 days, not with much confidence!!

pth

Cloudbase - a glance at the chart says it was somewhere between 143.09 and 143.13 around 17:10. It moved up to 143.25 and higher at 17:15.

choc.....thanks, thats about what i got it to. Don't wan't to elaborate further
on here, but will have a chat with you at the next North West night if your going.

Harlosh

Just downloaded the Updata wotsit and could do with a bit of help, if when you have the time

Many thanks

pth

pth

also an updata user so if you need help give me a shout. If youre connected to updata messenger, im on as fundamentalist and harlosh is greylag, add us to your contacts and it will prompt a response from us

cheers steve

Oh well, so much for Friday's short! Should have closed it flat this morning, but had a bit of a lie in for the first time in many months and missed my opportunity. However reversed during the 0930 news and clawed some back. Short again at the moment with locked in profit, although could do with it breaking through the 650 barrier. Quiet on here this morning!!

pth

Seem to remember as a kid that cable was around 4 or 5 (i'm very old!) Hence half a dollar as slang for half a crown.

Choc a favour please. What settings do you use on your MACD?
I have spent hours fiddling to try and get as early a crossover as possible, but the earlier the less stable ie it says now! and then oops back again. and also do you use 70/30 or 65/35?

Sorry, meant 60/40 or 65/35 on your RSI. (and/or stoch)

rpaco:

I think you'll find that the 1=$4 rate was fixed as a result of the Bretton Woods Agreements of July 1944 which established, inter alia, the IMF.

Sadly, I am even older than the Bretton Woods Agreements . . .

Ah yes to help us pay for the USA winning the war! Apparently we started it few years too early. Still Hollywood has since put the record straight!

Anyway its doing wonders for the Gold price. Pity gordon sold all our gold at the lowest knock down rate he could get.

Just placed a short cable bet on FOT.

Pth,

Sorry I wasn't around last night or this morning. Haven't been too well over the weekend. Anyway, good to see you trialling Updata - hope it works for you. If you need help with any aspect of it just shout.

Thanks Harlosh, plan to have a proper play this evening and see what's what

I've acknowledge you on Messenger so if I or Fundy are around, give us a bell.

You still short Cable?

That upside target on the 1-minute has prompted me to cover my short daytrade and am flat for now. I'm not willing to long it just yet awhile.

I'm also long on a pyramided medium term trade and am staying long for now despite the 100+ pip pullback today. I'm still looking for $2 from that one.

:o)

Harlosh

Had a poor start to the day -50 and then clawed a bit back short & long. The shorted for most of the pm and got ahead. Mind you I'm still short and not looking too healthy again :-(

pth