Forex rebates on every trade - win or lose!

Forgot to post this from this morning. It's by the well-regarded analyst at Mizuho Corporate Bank, Nicole Elliott.

Re: Cable.

"Consolidating neatly in a small 'flag' despite trading at historically very high and scary levels. The overbought situation has eased quite a lot and bullish momentum is strong. For today we favour yet more consolidation below $1.9900, with the chance of a break above here increasing if we hold above $1.9600."

Evening. Haven't sent anything to Miss M the last few days due to everything
just messing about, waiting on the US jobs data. We just chatted on the phone
instead.

Banged some stuff together tonight, so that she can see the state of play and
what to watch for when/ if the markets make up their minds and move after the
data release.

Turns out that the 2 bods at the 2 investment banks that make the final
hiring/ firing decision are both away until nearly Christmas, so she might have to
wait until the New Year for a yea or nay.
Never mind, it'll give me a chance to teach her all about the P&F pure price style
of charting when she comes up for Christmas. :-))
If that doesn't make her eyes glaze over, I don't know what will. :-)
It'll be get me own back time for all that psycho babble I had to sit through
when she was getting her degree.
What goes around, comes around! :-)))))))))

Anyway, here's the stuff.

First time I've posted a chart since installing IE7 this week.
A window popped up saying saying I had to allow scripted
windows or something or other?

Wassat all about then?

Is thats a reversal I smell?

Evening. Very quiet on here. I suppose they're all at the Xmas
bash, doing stuff they wish they hadn't when they wake up
tomorrow. :-)
(I remember that feeling very well. ;-)

Here's the end of week stuff to Miss M. Hope you're still finding
this useful. Folk on here did seem to.
What happened to all the charts and views Forex traders used
to post on here?
Do you find that the Dollar Index/ Gold/ Bond charts are helping
with your Dollar cross trade positions?
I don't want to waste your/my time in posting stuff that nobody
wants.

Link to latest Yen news

Whoops. Looks like events have overtaken me after posting the Bullish Yen
stuff.

I'm starting to feel a bit like Oil traders must feel like....................a member
of the Fukarwi Tribe. ;-))

the Yen posted pronounced drops on news that the Bank of Japan would not
raise interest rates at its upcoming meeting. Japans JiJi newswire claimed an
anonymous source saying

Melnibone brilliant post, when you start doing courses can I be your first student, after your daughter of coarse, went to the IX Forex Trader Event at Olympia on Friday the seminars were very good especially Tom Hougaard.

Mel, I will certainly be glad as long as you keep posting.

Divetime, I too planning (eventually) on attending Tom Hougaard Fibonacci seminar. Square roots very relevant. Interesting that his entries differ from that taught at www.spreadbettingtowin.com combination of both may give even more better entries?

Evening. Hard to get a word in edgeways here. :-)

Tonight's stuff to Miss M. Not a lot changed, markets are all waiting
to see what the Fed says.

Hils
I see this thread won Thread of the Year. Looks like you will have one more trophy than Chelski this year.

To help the Hilary "$2 by Xmas" attempt . . .

Claude Mattern, BNP Paribas, quoth this morning: "Sterling/dollar rebounding from a former ascending line (at $1.9460), is seen as consolidating the rally of the past few weeks. A rise towards $2.01 is expected later on." (Whatever that means.)

encouraging rally back up after figures initally knocked cable again..

someome wake me when we cross 1.9740

Fed: No change, no surprise. But they've noticed the "substantial" cooling of the housing market. So no change in rates for the next few months with possibly a slightly deflationary pressure.

Thanks for answers re fxcm guys and hils , may see a bit more of me on here in the new year.

Bet you can't wait hils :-)

Evening. Tonights stuff to Miss M.

Oooooh. I've had an email from Ian because we've won an award for Thread of the Year or something.

I'm flattered, but can't claim all the credit as it's the likes of The Fairy who posts the calendar most weeks and Chocopops and Mel and everybody else who posts who really make the thread what it is. I just pop in to make sure that you're not all fighting and to change the decor at the top of the page every now and then.

Let's hope that with the arrival of Dilbert in 2008 that the thread gets stronger.

Incidentally, where's Harlosh lately? He doesn't seem to be around. I enjoy all of his Point and Figure stuff.

Cable looks like it might be starting to turn up and turn into a long. It looks due a retrace on the 1-minute first though. Just watching to see where it gets to first.

edit 15:27 - No reason to long it just yet imo. The 10 min had started to look like it was trying to stick its head up, but it's heading lower again.

Hils...Harlosh has taken a mini break from forex as recovering from a bout of illness. I spoke to him recently and he hasn't forgotten about this thread and says he'll be back with his bag of P&F tricks soon.

Perhaps you'd give him my best regards, Bak, and I hope that he's better soon.

Will do Hils.

Been guilty of not trading and posting as much myself. Tied up with new paternal responsibilities.

Starting to get forex withdrawal symptoms so will post more as soon as I get back into it.

Must thank the rest on here especially Mel for keeping this thread active.

Bakko, please send Harlosh my regards and best wishes for a speedy recovery as well.

Haven't traded so much myself, trying to take little nibbles as and when I can. Getting much more "chilled" by using 5 minute charts instead of the frantic 1 minute chart thing I used to look at. Only so much room on my laptop :-)