Forex rebates on every trade - win or lose!

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?

:)))

I think it sounds like congratulations are due to Bakko and Mrs Bakko. Great news - well done you two!

Still batting for the long side myself...

Is choccie the surrogate ??

Nah ....... what am I thinking... CONGRATULATIONS Bakko and Mrs. Bakko

Just a quick look in and I see scores of new posts and a few for me.

Many thanks everyone.

Baby Ben, a healthy 6lb 12 was born at 12.50 am 8th Nov is doing very well. Unfortunately, mum had a real tough time before and after delivery and now on the mend.

I guess it's kiss goodbye to decent sleep for a while so plenty of time to read the new posts. Thanks Mel for all the recent thought provoking stuff...keep them comimg.

Off to visit them now so will catch you all another time.

Hope all your trades go in your desired directions today.

ok predictions for end of today say 4pm...
Cable higher or lower...than now 1.9065...

Lower