Forex rebates on every trade - win or lose!

I went short about 10 mins ago , not a very good entry.
P.s. Hi everyone

Morning SC

No big news today but one of the Fed characters is giving a speech on the US economy later so it'll probably move a touch then.

Edit..It's moving already!

Well, after that post I got really busy so this is my first look since then. Looking at it with hindsight I think I'd have made perfect trades today, caught the bottom, sold at the top and the swings inbetween....

Then again, .....

:-)

Don't know if you guys are aware, but there was a report in the FT today that said John Gieve considered voting to raise rates in September. This is being attributed to the rise in Asian trade which knocked-on into early London trade. My feeling is that cable would have been around 50 pips lower by now and testing support of last week's uptrend at around 1.8960 if it weren't for Gieve's remarks.

Thanks Hils.

There was a very brief mention of this on squawk box first thing this morning but it didnt say which paper it was published in. I'll try to track it down later.

Here's the article if others are interested.

http://www.ft.com/cms/s/d2a1d0ae-4c83-11db-b03c-0000779e2340.html

Page 3 of the FT, Bak. Just alongside the topless photo of Clara Furse.

Will be getting daily copies of the FT from tomorrow :-)

Just back from lunch. Thanks for that Hils and Bakko.

Thinking man's crumpet.Nice :-)

Page 3 of the FT!! That Clara Furse!!! PHWWOOAAAARR!!!!!

Hils, re: Gieve's remarks -- does that still mean I'm Doomed or not, ye ken?

Of course you're still doomed. Choccie and I will make sure of that.

:o)

Afternoon peeps

Just a quick question. I'm out of touch with current opinion on fx brokers. Considering the likes of fxcm, oanda, cms, cmc etc, are there any to make sure I avoid or are they much of a muchness?

Thanks
Rob

Rob, think its goforex that has a review of fx brokers(mainly american) and they sound much the same, all pretty negative.

Still short from this am, tight stop, but like the look of the 4hourly chart

Just for you Hils ... more along the lines of "eats nibbles and leaves" though :o)

BEIJING (Reuters) - An intoxicated Chinese man who tried to give a panda a hug at Beijing Zoo found himself biting it in self defence after his clumsy attempt at affection was savagely rejected, local media reported on Thursday.

Zhang Xinyan, a building worker on holiday from China's central Henan province, climbed into an enclosure that held Gu Gu, a seven-year-old panda, at Beijing Zoo after the man had drunk four pints of beer during lunch at a nearby restaurant, the Yanzhao Metropolis Daily said.

Zhang, who couldn't remember the incident clearly, had wanted to hug the panda and shake its hand after having watched similar scenes on television.

"When I was in there, the panda was eating bamboo. Then, it seemed some people shouted, which startled the panda. He rushed over to bite my leg," Zhang said.

Zhang, who tried in vain to push the panda away, was bitten twice and forced to the ground, the paper said.

"I took the opportunity to bite the panda's back, but its fur was too thick," Zhang said.

Eventually, a zoo worker sprayed water from a hose to rescue Zhang from the panda's clutches, the paper said.

Both were worse for wear after the tussle. Zhang was rushed to hospital and given tetanus and rabies shots, while Gu Gu lost her appetite, Xinhua news agency reported.

"It was scared by the intruder and refused to eat for one and a half days," a zoo spokeswoman, surnamed Ye, told Xinhua.

But Gu Gu had recovered and was back on display on Thursday.

Zhang, however, faces at least a half-month convalescence, due to the "deep wounds", Xinhua said, citing Zhang's doctor.

His pride had also been injured, after reading stories of his exploits in newspapers.

"I wouldn't have jumped in if I knew what would happen," Zhang said.

The zoo, which plans to install cameras to monitor the enclosure, would not prosecute, Xinhua said.

But Zhang had already been tried and found guilty by Chinese Internet surfers.

"The man should be fined for the trouble he made," an anonymous commentator said in a posting on 163.com.

"He deserved to be bitten."

Oh and I came across this a while back.

http://www.forexbastards.com/index.html

Rob's question made me remember it again.
Felix Homogratus looks a cool dude :S

Thanks 4 that choc, looks interesting, will look more closely when abit more sober in the morning. Stopped out of this ams short for a few and just got back to find I caught a new short while I was out. stop in place, hope you had a good night all, CUITM

The one to watch then is EUR/GBP. Sterling rose to a 10 month biggie last week after UK manufacturing orders rose to a 21 month high. Looks like Gieve's brought the prospect of raising rates forward by a month. Sterling's been close to breaking 0.6704 since much earlier this afternoon.

And if my lines are still good from these last weeks - then cable's found support from today's lows (currently around 1.8990). The hourly MAs might cross down here, or not ;) Dipped the little piggies in at 95 earlier, stops just below 90.

Oops goforit, you sneaked up - well one of us will have a pleasant surprise :)

Morning all, long from 99, stop below 80

Morning SC - no position for me yet