Forex rebates on every trade - win or lose!

closed 180.99

Well done Bblbx:
I took another short cable 181.49 and closed at 181.15.
then took long Dow and is in credit atm.

rgdd
zarif

This could be a BIG down move!!

morning doll,

pray tell me why ?

woz it coz you got out of bed the wrong side ?

Beebs,

The stronger trend is the intact downtrend which has been in place now for over 20 days. The up legs within that downtrend have so far been good for around 300 pips, but this last 3/4 day up leg hasn't produced anything like that. The rising support line of the up leg was easily taken this morning and it's already moved to form a lower low than the Tuesday low.

Currently finding support around the 18080 level. Forex News suggest next support to be around 18020 and 17975 below that. Friday support is around the 17900 level so that should also be key.

Actually, I couldn't care less whether it goes up or down so long as it goes somewhere. The lack of volatility over the last few days hasn't been good for my system which works best on firm trends lasting several days.

you'll be dissapointed to know that
i agree with you..........

wots this, harmony on the forex thread !

might just wait a bit for a better entry though

Damn!!!!!! I'll reverse then.

:o)

Morning, FXers. Just watching . . .

silly girl, you're the guru,
it us lot have to follow you,



hmmmm....just blow in my ear would you,

hey, near my 'better' entry now,
whoose a clever boy then

morning mm

now if the yanks had made an
announcement like that, 9-0,
cable would have moved at least 100 points,



we get the stodge (nice word that, must use it more)

Unanimous vote in the March minutes dampens speculation of a rate rise in April.

Afternoon everybody:
Hilary u r right it has got more downside potential than up.

Aslo just to let u know that BrianTrayda on the Pivots thread is wanting to add the Fx levels and is looking for ideas.If u dont mind pop over on his thread and help him out.

rgds
zarif

Hohumm. Looks like I called this short a bit premature yesterday. If I'd stayed in my longs, I'd have had the 300 or so pips that I was after by now.

The resistance of the downtrend looks to be at around 18290 this morning ..... could this be a near perfect window?

Morning, Hil.

Good morning, MM. Are you well?

That I am, Ma'am.

Post Gordon, neutral effect on FX?

Derek,

I don't think that Gordon Brown is capable of influencing the markets. The market already knows that he's a dipstick.

As I see it, we're at a set of fundamental crossroads at the moment which may, or may not, be responsible for a neutral effect.

Everybody knows that UK interest rates are going up soon. It's just when. Will it be April or May? And by 25 base points or 50?

Everybody also knows that Dubbya won't let US rates go up while he's running for re-election.

Therefore the should continue to rise against the $. But there's a fly in the ointment.

The Eurozone isn't doing so well and there's talk of them having to cut interest rates. Add to that speculation of ECB intervention a la BoJ (our Tone wouldn't dare do that!) and you've got a scenario whereby the should fall against the $.

But the and have hitherto been working in tandem against general $ sentiment, be it positive or negative. So if one cross should be going up and the other cross should be coming down, who's going to win?

It's all in the charts. Somewhere.

:o)

Hil, thanks for that, even if your conclusion is clearly influenced by the Concorde Method (q.v.).

They're both going up now, Derek. Looks like the won.

:o)