Forex rebates on every trade - win or lose!

just tried on of these forex thingy trades...long cable as you dudes call it 1.8282 just a tiny wee trade as forex is a bit scarey

What an amazing day for Cable - down all day (over 200 points just since 8am) and I took a measly 22 points from it; then really had a go at 4.30 - went short, ignored a mere 15 points, and promptly ended up -46. How is it I always do it just as it turns??? It happens time after time. Someone up there has got it in for maggots.

Maggot - I'm the same. The number of times I've called the bottom or top but in the wrong direction is uncanny. I think Cable is particularly bad for mass market psychology.

Guys,

She's getting to the stage where she should turn down again shortly. Wait until she's actually turned and has started to move down before you sell it. Then put your stoploss just above the high that has just formed.

closed my position for a few points....

Could be time to think about reversing those shorts to longs. Watch the /$ for the 1st chart signals but trade the cable.

Should Hit 1.2300 but then hopefully will go back down to 1.2000

Anyone here had trouble getting CMC Platform to work? Java Errors?

cable double bottom for the day?

Traders said the much-awaited U.S. payroll figures, due at 1330 GMT, would likely be a key factor for whether the dollar continues its bull run and tests next resistance around 112 yen and a three-month peak of $1.2055 versus the euro.

"The jobs data will be crucial for the dollar," said Kenji Kobayashi, senior manager of the foreign exchange and treasury division at Bank of Tokyo-Mitsubishi.

He said the dollar would likely continue moving upward if non-farm payrolls came in above 200,000 but if the figure turns out lower than 100,000, the U.S. currency could come under "very strong" selling pressure.

Economists polled by Reuters, on average, forecast a rise of 125,000 in February non-farm payrolls.

It's not going to take much to turn this $ strength
around, and when the direction does change, it'll
be a very rapid rise for cable, and to a lesser
extent the euro. Maybe the farm payrolls will
be the catalyst. No position yet for me.

Ranging ahead of the data, Beebs. Agreed it looks like it wants to push up, but there's also been suspected BoJ intervention this morning selling the Yen which can cause general greenback bullish sentiment to rub off on other crosses.

quite a nice base line here though hils - 181.80ish
if i had a big pot i'd start buying a little - say 25%
about now, but i don't, so just gonna watch till the
trend changes.

/$ through or bounce?
Plenty of bottoms on daily chart!

Through.. Resistance at 350 on the euro ongoing trend for the past 9 Days.

Im putting a big postion on down.. Im very convinced the dollar will get stronger.

thats 225 pips so far,
wish i'd taken my own advice !

Well I'm long from yesterday and I've been adding as it's been rising. Can't decide whether to cut and run into a rally or hold and add more. Decisions, decisions.

:o))))))

i thought 185 was quite enuf for today

Beebs,

I'll be surprised if it doesn't retest the 18500 again today.

dclinton:

If you're about, Andy Greener sends his regards . . . ;-)

have a quid with you hils on that