Forex rebates on every trade - win or lose!

While we're playing pass the hairshirt ...
bugger, rats and bubonic rats :S
Stopped out for not a lot of damage - and it even occurred to me to leave a reverse order in. But ohh no ... stupid girl :)
I said I was in 2 minds about redrawing the other week, and then I even pointed out last Friday how all the longer term indicators were down up to and including the daily.
Hadn't even planned to trade today after I was stopped out early yesterday.
Looks like election fever's taken hold of the $ then, now that we've seen the effect of the nuke fall-out?

Hils - 1.82 upwards isn't out of the question either.

FWIW, I don't think that another rate hike this year by our pals in the MPC is at all likely. Sure, it could happen, but I just don't buy the conventional wisdom.

Also, the world just shrugged off the Dear Leader's damp Plutonium squib. Perhaps the markets have acquired a modicum of maturity and resilience to fringe case lunatics and their tantrums.

So one help me...Why has the world changed so much over the last 2 weeks...

Presumably now UK interest rate rises less likely ..all of a sudden.

and why is everyone now buying the USD surely they are at the top of the current cycle...

Someone please explain...

I really don't know, D. I remain convinced that the UK will see higher interest rates which will peak at around 8% or so 2 or 3 years out, but the explanation for the recent rise in the Dollar might simply be that 1.91 is a bridge too far at this current moment in time. When you look at where cable's been over recent years and remember that just over 20 years ago everyone was forecasting Dollar parity with the pound, this recent action then becomes just a short chapter within a very long novel. It's still rising on the monthly charts and $2 isn't out of the question at some stage in the future - it's just that it's become a bit less likely imo over the next few months.

I'm sure that some bright spark will fit a piece of news to the chart retrospectively and use that as an explanation for the current action.

Your friend with the shed been round for coffee today yet, Hils? ;)

I've given up the coffee, Choccie. It dilutes the alcohol too much.

:o)

Hil: So when is Armageddon due now?

Let me know what dates you've got free, MM. Choccie and I will see what we can arrange.

:-))

Morning - long from 75 this morning - target 8679 but that might be optimistic.

Well done on spotting that break downwards Hilary and for filling yer boots when the rest of us were calling it long. :-)

Statutory Instrument 1991 No.3
The Apple Orchard Grubbing Up Regulations 1991

The King sent his cider maker, Paul le Harper, to Portadown with a handful of equipment to make sure his army wouldn't go without their favoured tipple.

H,

My unfortunate point was that whilst I identified the move down, I refused to accept it and failed to act on it myself, even after Choccie had spelled it out and somebody else I knew and respect was shorting the living daylights out of it.

Boyse, Have you had too much cider ;-)

Morning All, Not traded for the last few days but just been checking this 5 min 10 day chart.

Interesting to see the continuation of this downtrend after banging it's head off the bearish resistance line earlier this morning.

Sorry Hilary - misunderstood though I feel better now :-))

I love announcements :-)

Quick +10 from a short scalp, dangerous really...

I'm wondering whether a turn has set in and longs are the order of the day again, but keeping my powder dry for now.

Looking at 2 charts atm.
Undecided as yet - woman's prerogative ;)
Couple of longs yesterday and a reverse short play since this morning.
Preferred chart is telling me to leave my stop just above 1.86, so arbitrarily I've bunged it in at this morning's high. Hourly looks to have turned up, but I'm going to ignore it, so long as the previous biggie support thingie stays in resistance mode.

Long from 611, up you go my son....

Choccie,

I've given up on trying to be smart and think. It costs money, so I've gone back to grass roots. I went long on the Fed minutes the other night and I'm staying there for the time being.