Forex rebates on every trade - win or lose!

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

You should be adding to those longs from Friday, imo.

have done already thank you boss,
well this mornings anyway.......

Into the zone, Beebs.

:o)

30 love

It must be set by now?

:o)

only game all - maybe i'm just greedy

Whenever you're ready, Beebs.

:o)

i'll say this for you, you've got balls !!!!!

There's no exact science about this but, imo, the green line represents a good place for long stops here.

Hil: That photograph shows you have balls but otherwise does not do you justice, IMHO (yes, OK, I'm a creep).

MM

Would you prefer the one of me on the nudist beach on the Cote d'Azur last summer, MM?

:o)

I've yet to have the pleasure of meeting the lady in the flesh,
so couldn't possibly comment mm

MM, How could you say No..

Hil, Just to confirm your comment. Are your stops at 715?

Tellon,

My stops are on a break of the green line which is currently at 675.

stopped out 186.96 for a small profit

back in long 186.69