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zarif,

I've been stopped out of my longs from last week on that spike down. Sidelined for now waiting for a fresh low to form. The rising support line to the uptrend is positioned at around 18360, so I'm hoping for a fresh entry closer to that.

I'm also keeping an eye on the EUR/USD cross which isn't so strong as the Cable and which might hold the Cable back from having a good run at the resistance above 18500.

There is speculation that a US corporate has around GBP 300mn to GBP
400mn to buy at each London fix (16:00gmt) over the next five to 10 days, with
the order reportedly M&A-related.

long 184.14

added 184.69.....ooops

am i talking to myself on here,

or is the 'bunny girl' around ?

just warming up for a wee long - around 184 10 would be nice

I'm around Beebs.

That break of the rising support line could start to trigger the long stops and cause a sharp move lower. GDP revision will be important today. Short stop on move over 18538.

Looking to add around 18325ish.

i only went to make a coffee,
and 60pts down !

Just short it Beebs. You know you want to.

:o)

any idea ?
why the 100 pt drop ?
leaky figs i suppose

hilary,....are you busy feeding the rabbit....


hope so, coz just gone LONG

Rabbit, Beebs?? Roll the pastry .... we can make a pie.

:o)

Hi...despite all the charts of different instruments at the top
most seem to be trading Cable...

Is there anyone else trading anything else..

I look at euro/usd...any others?
Lot of action in it this morning

hi david
for me it's just favourite weapon,
but do occasionally trade euro....

trouble is on that one it's quite low in relation to
experts opinion, and has an interest rate cut pending.
my own view is that a 1/4% cut is now priced in, which could put it back to
1.25ish near term. just possible though is 1/2%

as for cable, well pretty certain about 1/4% increase april/may,
which again is largely factored in, but see this at 185-187 over the next few weeks.

japanese is too tricky for me with central bank whims and fancies.

hope that helps, and sure our leader, hrh, will speak to you soon...

It's a question of leverage, foale.

From the high of yesterday to the low today, the Cable has fallen around 240 pips and the has fallen around 180 pips. The has therefore, as you correctly state, fallen more when expressed as a percentage of the cross, but it is common for both crosses to have the same margin requirement which means that the Cable offers the higher leverage for trading.

Another perspective is that the is a safer play on the short tack on fundamentals (speculation of ECB rate cut) whereas the Cable is a safer long play (everyone knows that BoE will put rates up - it's just when?).

Been trading ?/$ and Euro/$ and have been a real prat; made a small scalp (and two or three on the FTSE), then I eventually got panicked by big spikes and closed, only to watch it go back, in every single case, so I would have been in profit. I even correctly caught the turn up in Cable, but got spiked out at 16.03 pm - I will have to give it up! Feel rotten.

edit - it was 16.08 - you can see the spike down. Expect you all rode it out?

Maggot;
on the contrary ! i can beat your story.......

went bottom fishing, got lucky, long 183.14, c.12.50
watched it up to 183.35ish, patted myself on the back,
but in the interests of safe trading, put the stop on
at 182.96 - seemed generous at the time -
if you look at the chart for 13.35 you'll see the ending...

you are not alone!

Beeble - well that makes me feel just a little better. But blimey you were unlucky! Just that one spike down and straight back up.

Off again this morning.

Beebs,

Hate to say I told you so, but I did say to sell it yesterday.

My short is currently about 300 pips (edit: sorry 250 ...... I can't count) in the money and I added with a further limit sell at 18325 which got filled yesterday evening. Looking to add further still, but not just yet.

:o))))))))