Forex rebates on every trade - win or lose!

Morning.

Well I'm long at the moment but the Retail sales figures at 9.30 are a concern. Given Next's poor performance figures in its retail shops the other day I can't see the overall figures being too good which may push Cable lower to perhaps even test recent lows around 8600. So I shall close my long before the news.

Not long to find out anyway.

Back to the drawing board :-))

That's a shame Harlosh.
I'd say there's a bit of support currently around 1.8765 on any weakness.

I'm short now Choccie - stop above 835

and out - not getting it right today I'm afraid.

There's a bit of resistance here, 1.8850s - if my lines are any good, ultimately another 70 points or so from here would be nice.

Here's one for MM and the patternmeisters:

Bull targets above include 1.8900, an approximate 61.8% Fibo retracement point of the fall from 1.9092 (Aug 31 high).

:o)

Hmm, only 120 points above my close position, and my stop would have held. I have much to learn ;-)

Haven't got a longer term position as I'm back in uk most of next week (no broadband connection) and probably on the golf course tomorrow.

Cable looks nice on a four hour chart, could be a channel forming(at the top of it at the moment 1.8875) and seems to be riding the 13 ema nicely.
No advice etc............

Well I missed my target by one pip :o)
Anyway, out of Monday's longs at 1.8910.
That'll do for now.

I always did prefer drawing to sums ;)

Morning all - Cable looking very overbought this morning so looking for a short perhaps.

Morning Harlosh, I was also wondering the same....

Nice trade Choccy :-)

It's not a short yet, imo, H. That view might change during the course of the day.

Morning All, Missed all the fireworks yesterday as pc wouldnt boot up :-(

OK, just watching at the moment anyway Hilary.

Morning Seymour and yes, well done Choc.

For weeks now, pages hang for ages (up to 3 minutes sometimes!) when loading. It happens on different PC's and with different browsers (Opera & IE) which seems to rule out a problem at my end. It only happens with am and not with any other web site.

Ian, are you aware of this problem?

Hilary,

I have not experienced anything similar here - is it any particular page you are trying to access? Are the machines you are using connected or stand alone. Do they have the same firewall? If so it could be a setting on there caused by an update (I am speculating of course) Without looking at the machines, it is hard to tell what is causing this problem at your end.

Ian

Ian,

The machines are all on the same network and all have McAfee Security Doodaa installed. It's odd that it started all of a sudden and, as you say, might be a software update.

I just wondered if anybody else was experiencing the same problem.

Cable's looking like a safer short now, imo.

Thought I'd post this chart as a pretty good example of a potential high pole reversal signal. The two small arrows (if you can see them) indicate consolidation and the larger arrow is the high pole itself meaning a run up followed by an immediate slap back down. Remains to be seen whether or not it pans out during the rest of the day and it may find support on the 45 degree bullish support around 8835/40 on this chart.

My only concern is that the uptrend is so strong I'm a little loathe to short until it is clearly on its way down.

Just looking at Fibs again whilst Cable makes up its mind.

8836 is the 50% fib retracement from yesterdays high.

8816 is the 61.8% retracement.

If cable fails to hold current levels we may visit 8816 area then perhaps a rally upwards????