Forex rebates on every trade - win or lose!

My hourlies are still pointing towards further falls, H, but it seems to be turning up on my 5-minute having found some support just above 1.8650. I see obstacles to overcome however, firstly at 1.8687 being the base of the Asian range which has already been tested as resistance this morning and secondly at around 1.8710 being the top of the Asian range.

Something's got to give.

Very dull today but it's been making slightly lower highs and lows on my 5mins chart in the last few hours.

Ready for a break downwards?

Target almost hit. Indicators oversold. Is it time to go long I wonder?

Still pointing down on the indicators but support level hit? So will look for a hint to go long tomorrow. (Have been away at a Conference today so no trading, but I know even more about Contact Lenses!)

SC - sitting on the daily fib 50% retracement. RSI on the 1-4hr charts have all moved up above 30 and the 1hr has broken 50. Triple bottom? and a triple top 300 points above! Tempting

Morning all - long from 8655.

Morning. Nice entry Harlosh.

On the sidelines again today :-(

Morning H. Long from 680.

edit, and morning everyone else. Me and my manners ;-)

Well it didn't like the 8710 area SC - not looking so good now.

Agreed, might have to bale.....

Out -30

Out flat but I confess I never saw that coming. :-(

Just gone long at 1.8590. I'm trying to ignore the chart, think and pre-empt the market, Choccy.

:o)

That's my biggest mistake Hils, trying to pre-empt.

I think they call it the Concorde Method, Seymour. They say the best trades are the most difficult ones to make, so here's hoping.

If it goes below 1.8575, I'm out. He who dares, Rodney.

Wish I'd seen that down leg coming this morning though.

Hils ;-)

Well, I can't have been using the Concorde method, cause I went long twice this morning before the drops, have lost a bit.........

Now long again Rodney.

It's got to be here Hils *gulp*
Cos otherwise there's an awful lot of space underneath

The thing is, Choccy, if you look at the oscillators on the daily charts, 1.76 appears to be a distinct possibility.

Oh dear. The prospects for cable look pretty dire now. I can see a downward slopey channel wotsit on my hourlies, but the bottom line of it extends off my screen so I can't tell where it is. Somewhere around 1.8450 at a guess.

edit: More like 1.8350.

That sounds scary. So glad I've sat today out.

Just hope Mervyn can cheer cable up tonight