Forex rebates on every trade - win or lose!

Thanks Hilary, not actually buying yet, just think a swing short from here is perhaps a bit risky.

Hilary...do you see further downside, or a lower target , or is it that you just dont yet see signs of a bottom forming, which of course is true.

...and of course its falling as we speak.

I'm short from overnight - still a little way down to go I think.

D,

Looking at the hourlies, I see it below my moving averages which are still firmly heading down. It could take another day or so till they start to level off. I also see it well below the falling resistance line which has been tested several times this week and rejected each time so is clearly defined. Finally, I see oversold oscillators which doesn't mean much at this stage as they could unwind through a sideways consolidation in the price. I'd at very least like to see my oscillators start heading upwards first.

I guess then, in answer to your question, I don't see signs of a bottom yet.

Morning All

Cable taken a hammering during Asian trading hours.

Seems to be holding at this level but key UK mortgage data later may change well move it one way or another

Edit...the 30-35 level didnt hold for very long!

thanks hilary...useful info.

Out for a useful +74. Think I'll call it a day now.

Well done Harlosh....

I couldn't resist I'm afraid - long from 74.

Thanks foale.

Would like to see a retrace now back towards my entry price before pushing higher again. A double bottom in other words which would give me confidence to add.

Here it comes?

Well the double bottom came although a little later and more drawn out than I expected.

I'm waiting for a bigger double bottom :-)

morning all, unexpected friend turned up last week hence no trading. Interesting to see what happens in five minutes, looks to me like the bottom is forming, but waiting and watching

SC - try Mcdonalds, I'm sure you'll find one there!

Morning Gfi,

I do like bottoms :-)

H - Don't we all

I no nuffin but, if I were a horny little devil that had a few dollars which needed repatriating, I think I'd be looking to do the business today.

And in future I think I'd get my customers to pay me in good ol' LSD.

:o)

H

horny, LSD. I sometimes worry about you :-)

Buying now, didn't get my double bottom :-)

Now waiting for the censors to spot this thread ...