Forex rebates on every trade - win or lose!

Thought you'd never ask, MM :)

YCT main reason I'm looking for a bit of long gold in the back pocket long term.

Everywhere you look Benjie Bunnie's being knocked for not toeing the Greensplat hyperinflation line. He might be the tough guy now - but I agree with the premise that it won't be too long before he opens the spigots in order to prevent a depression. Gold? Fill yer boots :)

Someone called around $540 as critical support, my wee Bourneville! ;-))

Typical - I get a day when I can do a bit of trading and it doesn't look at all safe to play. Have to do some stuff in the bathroom so looks as if it's gonna be DIY rather than TIY :(

Will take a look around lunch-time - could be a bit of action on Cable between 12:00 and 14:00 with those announcements.

Could be a game of Golf instead - after last week I think I need to get out more !!

Funny but when I talk to my wife about trading cable mg she tells me I should get out more :-)

my wee Bourneville -- dark, rich, sweet, addictive, with a hint of bitterness.

Blimey, Big Al, you sure know a chat-up line . . ;-)

Nah - that's Cointreau with a touch of Guinness ;)

Harlosh
Your wife is right, of course, problem is that we don't have any mates ;(

I could play Golf with my imaginary mate - who is an ace trader and always wants to play Golf - but he tells me he's busy - so I'll have to finish the bathroom chore - he said he'd help me with that - bloody creep.

Any way, came in to have a look at the charts and I've decided to go short based on the 60minute MACD @ 18530 (19,39,9). Could be a fake but if it completes the turn-over there are a good few points.

Stops (and plugs) in place whilst I'm bathrooming.

Looking in again
The premature evaluation could have proved useful - MACD 60 (my settings) now seems to have nicely crossed. Providing it's not a fake I think I'll leave my positions open for a while.

Still labouring in the bathroom - not a pleasant place to be in this heat - but I've invented a new technique - the naked plumber - not a pretty sight but it could catch on - or has it been done before in one of those naughty 70s movies ????

mg (do yer want me to fix yer pipes missus??)

Bloody hell mg, far too much information!

Joined you earlier in a little short, reversed during the pause for 1 pip!! Reversed again, waiting to see what happens next.

pth

pth
Don't give me that - I know what you cheeky offshore types are like. I'm videoing the whole thing - do you want a copy to share with yer mates when the nights get long and you're away from home ????

Bubbling away nicely I see - cable that is - nothing else, of course - except the perspiration ......... ooooooh .......... covered in sweat as well ...........

Looking forward to a long cold drink when I'm finished - all froffy and icy :)

mg lol :-)
easy tiger, fink I'll keep the video myself and put it on EBAY, bound to be lots of interest...........................err.....not :-))
Mind you, the bathroom makeover is bound to be popular!!

LOL MM. It's the way I type 'em! ;-)))

My limits @ 18400 triggered to give me +120 and +130 from the Friday positions. I was very naughty and let them roll over the weekend. But it was nice to be able to keep my eye in on a DIY day followed by a day-job day.

Need another clear day or two with good signals when I can have a sensible watching/trading day.

Very pleased with myself - nearly disciplined trading - after a long lay off :)

Well done mg. Fortune favours the brave eh? :-)

Dollar up against most major currencies
AFX


NEW YORK (AFX) - The dollar rose Thursday against most major currencies even after a closely watched gauge of U.S. economic activity slipped in May and unemployment increased.

The euro bought $1.2582 in afternoon New York trading, down from $1.2660 late Wednesday in New York. The British pound also sank to $1.8281 on Thursday from $1.8447.

The dollar rose against the Japanese currency, climbing to 116.08 yen from 114.87.

The Conference Board reported that its Index of Leading Economic Indicators fell 0.6 percent to 137.9 in May, which was in line with analyst expectations. The decline was the third in six months and the lowest reading since October.

The index is watched closely because it's designed to predict economic activity three to six months in the future.

The Labor Department also reported Thursday that 308,000 people filed for jobless benefits last week, a bigger-than-expected rise of 11,000 from the previous week.

'It's kind of a confusing market we have here. The market is more willing to trade off of technicals than fundamentals,' said Michael Woolfolk, a senior currency strategist at the Bank of New York.

Woolfolk said the markets are looking ahead to the Federal Reserve's policy meeting next week for guidance on future interest rate movement. The markets are already pricing in another quarter-point increase next week with another quarter-point hike to follow some time this year.

To stave off inflation, the central bank has raised rates 16 consecutive times since June 2004, which has helped to boost the dollar. Higher interest rates bolster a currency by increasing the return on some investments.

In other trading, the dollar bought 1.2424 Swiss francs, up from 1.2334 late Wednesday, and 1.1179 Canadian dollars, up from 1.1088.

Nice to see you're keeping your hand in, mg ;)

Has anyone reading this thread had any success using Updata P&F for Forex Targets?

8150 seems to have worked pretty well today JT - Because of Cable's volatility I tend to use them as a rough guide rather than rely on them too much but they are often spot on.