Forex rebates on every trade - win or lose!

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....

1.8660 might stop the rot...

Bit of TA stuff.

UBS Technical Analysis Team:

"[Cable] is set to extend its recent gains from 1.8516, Oct 11 low. The focus is on 1.8904 next. Oct 3 high with support today at 1.8663, Oct 19 low."

Nicole Elliot, Mizuho Corporate Bank:

"Once again leading the way as Cable bounces from the $1.8500 level. Today it should try and manage a sustained break above the top of the Ichimoku 'cloud'. Note that it is not overbought and that momentum has still to turn positive."

And we end the day back where I got stopped out this morning.... :-S

Anyway, it was a tight stop.

Brave ftse long anybody... at 1.8700

Early test of this low down to 1.8690 if this can hold..things might start to point upwards again.

Perhaps some inflationery data as a trigger...

Choccy Hilary... everybody in Barbados for 1/2 term with kids??

Morning Foale, I'm here for an hour or so but off shopping with the family so I won't be taking any positions today.

I'm sure you're right about a long but I can't see it in the chart yet...

unless that's a double bottom on the 1 hour chart.

OK, I've gone long from 8688

Oct CBI at 10am might act as a catalyst..

Won't that be 11 am BST?

edit - it is 11.00 am as I've just checked GMT vs BST

Yes it will be 11:00 guys.
Next catalyst imo will be FOMC - (Bernanke's comments) and then GDP on Friday, which might hopefully set cable back on the right course :)
Gotta dash - will put a chart up later.

oh yes..I thought that it was pretty quiet considering..
Got time for that cup of tea now...

Chocolat a chart later would be great...

I wish it would hurry up and get to 1.8650-60 area...it obviously is looking to retest

Tempted to take out a long here...retraced backdown but still above. the lows and price conjestion area.. of 1.8680-95... just

thought I would post to the chat to yourself thread again...LOL

long from 1.8711... 1.8743 the high bang on the resistance level from the highs...

If we crack that...would give a nice break...

Go Cable.... 1.8755...