Forex rebates on every trade - win or lose!

And I need you to keep those boots warm for me in Meribel at Crimbo.

:o)

D, ask for payment in Guineas, shows them what a professional outfit you are ;-)

Been watching the 'Talking Heads' spread their propaganda on
Bloomers and CNBC.

The current theme seems to be that the Democrats will curtail
Bush's spending, which will result in a smaller issue of Government
debt. This results in a reduction of Supply. If Demand does not reduce,
then there should be an increase in the $ and the price of Bonds (yield
down).

Being naturally suspicious of these characters, but not wishing to stand
in front of a train, has anyone else got a view on here?

Isn't it possible that they just neutralise each other, we maintain the
status quo, and normal market forces continue to operate just as they
have all year?

I now feel the cable pullback to 1.8950 has provided the necessary ammo to break up out of the 1.9150 area...


it just needs a trigger to get it going..as ever..

It could still pullback to 1.9000 on a final test imo...any lower and I might have to reconsider these statements.

Hils 1.9300 yeah that'll do for starters...
but by then Choocy will be sending us group tickets for Meribel...out of her profits.

It's going to have another test of the 1.9030 region before it goes anywhere, D.

Hilary. Have never been on the cable car, as theres always been a big queue.

Doubt whether the ambulance will arrive to rescue Cable - no petrol, as a result of government cuts...

Hoping for a small bounce from 9030-ish.

Hils, what makes you think it will test 9030? Because of yesterday's lows? It's been down there anyway just now.

My long was stopped out, now long again but lost all that I made this morning, still looking for the bigger move to come.....
Fairly tight stop.

NB, for those that think I'm struggling, I am but I'm holding my own. Problem is down to planning I think, still far too impetuous :-)

Seymour,

It was in no-man's land (throughout late morning London trade) waiting for the Yanks to make their mind up and the oscillators on the faster (5- and 10-minute charts) were all over the show. Once the Yanks woke up, they sent it up towards 1.9090 again for a retest of the highs. That was quickly rejected and the faster oscillators started turning down. At that point (around 1.9070ish) it was pretty clear that it wasn't going up and was going to start heading down.

1-hour charts are now heading south too, although at 1.9020ish it's at the bottom of the downward slopey channel which has formed since about 3pm yesterday.

Thanks Hils, will have another read of that later - too busy now funding my habit.

I should add that I suspect cable cable to be perched on a knife-edge going into the MPC at noon tomorrow. A rise in interest rates should easily see it push up to 1.93 very quickly imo. No change and the 4-hour charts are looking very top heavy, so you could easily see a descent towards 1.85 over the next couple of weeks.

Position squaring has got to be the order of the day in the run-up and the open positions in the market at noon will be mainly speculative which should cause quite a few stops to be triggered on the news. The big money will be looking to jump in quick in whichever direction for the ride.

Just my opinion fwiw.

Seymour,

I've circled the tell-tale signals on the 5-minute chart that I was looking at.

Thanks again Hilary. I can trade all these perfectly after the event :-)

Going to go and tweak my chart setup tonight, should be getting broadband in my testing rooms soon so can watch too closely - usually find my positions do much better if I walk away from them and let them run.

someone else said this a few days ago...but this thread has some really top quality posts...and I dont just mean mine LOL

For my money its far and away the best thread on moneyam atm...

glad we got that low out of the way.. another retest of 1.9000 would be more worrysome imo..

Agreed Foale, I'm happy to keep posting as long as you want :-0

Nice to see that low came, stopped me out, and went back up. I think no positions until after the rate decision for me now, then it's a long or a short with a wide stop!!

SC are your stops in propoprton to your target...the old risk reward ratio, or set below supports..old lows etc.

I used to get stopped out much more...by say 2 pips then it would reverse...really annoying that.

I try to allow more rooom now..after considering how things look in varoius timeframes. ( of course "more room" a euphemism for more unrealised loss...)

Although starting at the long end and working in...also gave me a better perspective too..."Wood for the trees" and all that..

Agreed Foale, I know how it works, just application. Your euphemism strikes a chord :-)

Evening, as requested here's tonight's tutorial to Miss Melnibone.
Enjoying reading all your posts and views and what you're looking
at to take positions. Keep 'em flowing. :-)

You should let F loose on here Mels - there aren't enough girlies here :)

Got a feeling yesterday's top out is it for now. In short mode again since midday.
Tricky one, this, but I've added another line from last week's to yesterday's highs, adding another dimension to the falling down channel.
See how it looks in the morning :)

Oh and heyy





祝賀 - apparently that says congratulations, Mr & Mrs Bak :))

Had a sell order in @ 76 but bottled out and deleted it ..... may live to regret it - or be pleased to have pulled ...... we'll see.

And, by the way, chocsipops ..... is there something of a mumsy nature that you haven't been telling us about?

:)))