Forex rebates on every trade - win or lose!

Just done a fibbonacci thing from the bottom on 15th Oct, to the high of 1.9050 and this goves interim targets of 1.8790, 1.8850, 1.8930 then the 1.9050

I'm happy to stay long all the time it's in that channel, Seymour. It took a bit of time to develop and find the support just above 1.85, but it now looks to be clearly defined and isn't rising too steeply, so I'm comfortable with that.

I shalln't be around much over the next week or so, so I'll just adjust my stops each morning and evening and leave it at that.

closed my euro/usd long at the top of recent rally
Pleased with my exit...

added to my Cable long on that dip....

well the top of that channel would be a nice close...
if we can get over 1.8800 that is....

reduced position size slightly at 1. 8824 top of SC's channel

Heading for a sticky bit here, 1.8826, imo. If cable can push through then I shall be very watchful of the 1.8950 area.

Edit: just seen your edit foale

Hi Choccy...yes exactly...hard to call...dont want to be left with no long..but also felt it might be capped short term...so decided to reduce a bit...


You think brek could target 1.8950.. yes..I would probably lighten up some more at 1.8900 ish.

At least we are trending up..

Still half asleep here :-0

Thanks to Chocs, Bos et al for last night and this morning, great time.

Hope others aren't picking up the wrong signals ;-)

Not traded much this week due to other commitments.

Wished I'd taken notice of this chart though - the target of 8825 (given on Tuesday) looks spot on today if we don't see another high.

The target of 9030 is interesting

Lunchtime look in - nice smile again. Moved my stop up to just below 1.8800.

SC:

Please use the correct terminology on this thread: That'll be a fibonacci thingie or even wotsit :)

As I said before MM, I'm just the apprentice.

Beginning to get a bit paranoid about the number of things (thingies?) you correct me on :-))

so where is the exit level guys... 1.8900 1.8950

I'm yet to get in :-(

Been sat on the sidelines all week and it aint very profitable!

Exited Cable at 1.8835 up 122 and 141 pleased with that...

Stopped out for +99 this morning, had a feeling it would drift lower. Anyway, with no announcements today and half term I'll probably sit and watchy from the sidelines.

1.8750 bottom of recent up channel

Just gone long again at 1.8740, very tight stop......

edit stopped out

Check out this Ernst and Young report from yesterday's Sunday Times which suggests robust UK growth this and continuing into next year.

More short and medium term UK interest rate hikes in the pipeline expected and with none coming from across the pond, this further strengthens by opinion for cable to head in a northerly direction over the next few months.

http://www.timesonline.co.uk/newspaper/0,,2769-2415364,00.html

SC, Sorry you got stopped out.

Be careful in the future not to go against the trend on no news days. Speaking from personal past experiences.

Yes, I know it was stupid.... Thanks.

Was wondering about a short in the 860's but didn't do anything....