Forex rebates on every trade - win or lose!

Wondering whether to go long from here at 1.9711, Will the cpi rebound us back to 9750+?

The poor old thing just doesn't seem to have the va va voom (technical expression) to stay up there. The consensus of the outpourings from the FX desks seems to be to treat the pullbacks as buying opportunities ready for the surge to 1.9750. After base camp is established there, it's onwards and upwards to Hil's $2 by crimbo.

Prepare for a bumpy ride.

"The consensus of the outpourings from the FX desks seems to be to treat the pullbacks as buying opportunities".......

What do they know? I'm shorting the pants off it atm.

:o)

I see my exit was an excellent short entry... 1.9600 next


every knows the proximity of $2...and the professionals are playing that for all its worth.

It used to be about $2....now its about.....which Crimbo... lol

I'll add shorting the pants off it to my lexicon of FX technical expressions.

But $2 still on the cards -- perhaps a bit before Merv the Swerve's next announcement??

I thought a lexicon was a posh Toyota.

:o)

1.9642 small long

mg reporting for duty - been fiddling about losing money this morning - on crap longs - gonna pack it in for a bit until I get my trading hat back on. I put it down to jet lag - I reckon that's the excuse that MM would give if he could remember where he was/is most days ........ and I thought I'd start my New Year off with an insult :)

Happy New Year y'all - still looking for the 50p $ in the next few weeks

out at 1.9705 enough for me atm
as a counter counter trend...

Nice call Foale ;-)

Went long at 9658, just closed at 710, thanks Foale for the heads up

lol...anytime...although I warn you
I am wrong a lot...

You and me both in the pants department Hils :)
Empire builders' shorts again this morning and I've come home to a lovely 130 point welcome.

The neighbours weren't so lucky though - the best part of a cedar has currently taken up lodgings in their house.

You're a very naughty boy SC ;)
And nice to see you back, mega matelot, even if you haven't found your landlegs yet :)

It's certainly frustrating when tasty profits ebb away, Choccy. It had retreated about 50 pips from the low by the time I got the signal to reverse.

MM's not the only one who likes long legs.


I had a knock on the door from the postie this morning who delivered the MoneyAM trophy for Thread of the Year. I'll see if I can incorporate a piccie into the header over the next few days for everybody to enjoy.

Heyyy the boat finally sailed in Hils :)
Did yours come with a rudder?

I'm not that bothered about being flat at the moment.
There's always tomorrow ;)

Seems to have a bit of an issue with getting down below 1.9740 this morning. If it can break that Asian range I feel you'll be able to turn the lights out1.


1 That's another one for the Lexicon.

I'm starting to get fed up with short legs now. Let's hope the leg up can yield something decent.

I am behaving today Choccie. No trades now until next week.

Unless.....

(No, I really am too busy!)



Hils with short legs? Leg up?

Hmmmm...

:-)

I think it's probably time for a re-publication of The Legs Up of the Zebra of Meribel.

p