Forex rebates on every trade - win or lose!

Am watching your posts. There's much more help here than on the main traders' board each day. Thanks all. Am managing to consistently make small profits on cable now, even though I'm not here every day - just took 29 on an oco with a limit at 899. As Hilary has said many times, it's a question of not putting the stops too close.

I'm out for now, went at 8902 +33 at about 6 pm. Going to be away tomorrow from early doors, back late. Now looking to next week.

Looks like we're soo gonna be hotter than a hot thingie Hils ;)

Ended up with a few shorts yesterday morning - stubborn or what :) all the while watching those indicators all turning positive, short of the daily, before I left for work. Closed the lot mid-afternoon when cable failed to break 1.8750. Didn't get back in time to get comfy before FOMC, but I finally caught it at 1.8760.



It's just about to snuggle up to a rising support thingie now (1.8890) but I'm going to do a Hils and leave it - GDP just has to be crap tomorrow :)

That's it from me for a while.

Got a day to play - went short - nervously - at 906 based on the 60 minute MACD. Got the previous high as stop - 926.

Other stuff to do so will pop in and out to see if it's cooking or freezing.

Moved my stop to entry point so happy to leave it on a no win no gain basis.

Will it break 1.8915? for the run to 1.9000

Obviously stopped out flat - looking for a long now :)

I missed that low and thought I would wait....not in the groove today...
needs a clear break of 1.8925

Thar She Blows - but, unfortunately, I wasn't riding her. Glad I fixed my stop though.

I am also flat and missed it..
Think my body has started the weekend a day early..
Chat Monday...

"Desperate times require desperate measures and median new home prices (in September) were cut 9.3 percent on the month and are now down 9.7 percent year-on-year -- the steepest deflation since December 1970 -- when, if memory serves us correctly, we were in a recession," said David Rosenberg, Merrill Lynch.

Beginning of Armageddon, Hils?

1=$2 by Xmas anyone - but I'm not offering any forfeits for the Party :)

Well if you're all talking of Armageddon and $2 by Crimbo, I think I'll sell it like crazy next week.

:o)

Not just yet though ....... It's all down to timing.

Well I'm out now - got kicked off this afternoon :))
Doubt I'll be trading next week - hope you all have a good one.

Cheers, Choccie.

Still no resaon to be short...imo

I expect it to probe the low 90's even if there is a retrace later..

The basic premise of US rates level or lower...and UK rates going higher remains.

13:49 US FED: Lacker Says Labor Market Firm and Tight, Inflation High] Boston,
October 30. The Richmond Fed president, arguably the most hawkish current
member of the FOMC, has said the labor market looks "fairly tight" and he's not
surprised to see the acceleration in income growth.
Lacker is unsettled by the inflation outlook and said the longer inflation
remains elevated, the harder it is to bring it down. He considers price
stability to include a core PCE price index between one and two percent. As of
this morning's data, September's PCE index was 2.419%, down only fractionally
from 2.481% in August, the highest in 11.5 years.
After dissenting in favor of higher rates at the last three FOMC meetings,
Lacker said the economy is durable enough to withstand additional firming in
monetary conditions. He already sees signs of a stabilizing housing market and
calls for consumer spending to grow at a "reasonable" pace.
Lacker is a proven hawk but his comments have further taken the life buoy
away from those calling for a rate cut in early 2007. There will be many data
points and Fed speakers between now and Friday's jobs report with Lacker a known
risk to the bias going into today's session. ISM and Unit Labor Costs
(Wednesday and Thursday, respectively) are two others before Friday. --
Jeoff.Hall@thomson.com


Could this signal the end of this mini uptrend.

Today I've exited my longs which have been built up over the last 2 or 3 weeks. The 1.9030 to 1.9040 target that I've been going on about has been reached.

Tomorrow morning I shall think about shorting it, although I shall see how it looks first.

You back in Blighty, Hil?

Yes, MM. I was only away for a few days but it was half term and we also had a big family wedding so I wasn't around much last week.