Forex rebates on every trade - win or lose!

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

clip from harryhindsight letter:
rgds
zarif

This week could be very important in deciding the direction of a number of markets over the coming months. With a number of central bank rate decisions, important data and significant markets approaching important technical break-out zones we should have some fun.

Currencies. All eyes are on the ECB and accordingly the Euro/$. Will they or won't they cut? I have no idea and frankly I don't care. We are in a range of roughly 1.2350 to 1.2600. There are very large stop losses below and a break through here, regardless of what the ECB do, will be significant. In fact it would be more significant if it broke with no rate cut as short term traders would be positioned the wrong way. Remember that data or rate cuts are not of the prime importance but rather how the market reacts to it. A trend will either emerge or extend when the market shrugs off news that ought to go counter to that trend.

Equities. As we have said all year we prefer the Nikkei. It has broken the important 11200 resistance zone and whilst above 10900/11000 is set to test 12000. The S&P needs to break 1159 and then 1177 which is quite possible if the SOXX stays above it's trendline support of 487/490.

Gold. This looks soft and price action would suggest that whilst the Euro/$ stays below 1.26/1.27 this will remain weak. I believe that a break higher for the dollar, through 1.2330, will see another shake-out, possibly to $470.

No doubt all the traders at Deutsche Bank will be busy working on their CV's after rumours that the mighty HSBC are thinking of taking them over; well the ones without the guaranteed 3 year packages will.HSBC don't quite have the same attitude to investment banking as Deutsche, or perhaps I should say investment banker salaries when they account for over 50% of expenses