Forex rebates on every trade - win or lose!

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.

Afternoon all, been too busy to post today until now. However, I'm slightly annoyed with myself. I caught a perfect long entry last Tuesday of 1.8688 and traded through the week off and on - because I had so much going on over half term I didn't think I would get to the screen too much. The net result is that over the last 5 days, instead of taking 300+ points, I took 88.

I suppose I'm still making money and that's what it's all about but it is very obvious that the best thing for me is to take a position, set a stop, then walk away for a few days :-); This apprenticeship has still some way to go!

Watching out for a short entry now as well.

Small short entered with a tight stop

Short from 9011 yesterday

Looks like we're a bunch of shorties then.

:o)

Well I am really hoping Cable vertically challenged today.

Hils I was wondering ..Your original long position from the mid 1.80's
did you still take the opporunity to add to that as we moved up.

I remember you saying that it was an effective way to build a position. Any quidence on how to do that or traps to avoid

eg adding 50% to position size when 100-150 in the money etc..
Any general guidance would be appreciated.

Morning folks, saw it 1.9006 this morning, but I decided to wait, or I bottled - you decide!

Anyway - now short from 8964

Well done you short stuff - got a couple of play days but missed shorting this morning - a bit rusty. Watching to see if there's a bit of a DCB so got a couple of orders to open back up towards the 900 mark.

Morning from here too.

Switched on to a nice surprise as went short yesterday at 9029 :-)

Lets hope we are not all wrong...