Forex rebates on every trade - win or lose!

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))))))))

Update Time: Hong Kong 08:30 London 00:30 New York 19:30



FX Analyst - Pro Commentary - March 25th

GBPUSD

Price: 1.8250
Day View
Resistance: 1.8260 1.8275 1.8295 1.8330

Support: 1.8220 1.8195 1.8165 1.8145



Bias: Lower

Bullish: Failure to see above the 1.8540 high and a break below 1.8450 suggests the upward correction is complete. A bullish stance is not therefore preferred today. We see resistance at 1.8260 and 1.8295 and suspect this area should hold any attempt higher. Thus only a move above 1.8295 and 1.8330 would cause a deeper pullback to yesterday's decline that could then reach 1.8370 & 1.8405 which should hold if seen.



Bearish: Loss of 1.8450 and then 1.8405 provoked a strong reaction lower. While resistance at 1.8265-95 holds we see this continuing with the most likely target being in the 1.8035-85 area where the downtrend channel high currently lies. Support is given at 1.8195 and this needs to break to generate follow-through. Once break of 1.8195 is seen we should then expect to see extension of losses through to 1.8145 and probably further down to 1.8085 at least.





Week View
Resistance: 1.8330 1.8405 1.8540 1.8670

Support: 1.8195 1.8085 1.8035 1.7940



Losses have been seen below the 4-hour Pivot Cloud which appears to have reverses the corrective pullback. Schaff Trend Cycle has finally declined but is close to zero with FXS-RSI confirming the bearish divergence and has declined into oversold territory. We have yet to see whether this is a pullback within a larger correction higher or the resumption of the downtrend. Clearly the prior downtrend channel is the stalling area for any downside pressure.



Bullish: Loss of 1.8450 and particularly 1.8405 has smothered the corrective move higher. The only was we can see any further move higher is on a break of the 1.8405 pivot resistance. If seen it would suggest a retest of the old 1.8538 high. Alternatively, watch the prior channel resistance which should now act as support and a test of this line in the 1.8035-80 area should provide a buying opportunity for a correction at least.



Bearish: Reversal from 1.8538 looks bearish and we do see a break of 1.8195 causing a move lower towards the 1.8035-80 area where the prior downtrend channel high rests. However, this channel line provide a barrier and while we would prefer to have a stronger bearish stance we need to see price break back into the channel again to achieve a stronger bearish impetus. Only if seen would we then look for continued direct losses down to 1.7820 at least.



Month View
(Updated 22nd February)

Resistance: 1.8875 1.9025 1.9140 1.9305

Support: 1.8520 1.8205 1.8020 1.7820



We were rather disappointed by the break back above 1.8577 but now consider the 1.9140 high seen last week as a probable key peak and look for losses to develop over the coming months. These should break below 1.8520 and 1.8205 en route the 1.7820 corrective low at least.

with so many posts..hard to read them all
can anyone recc a good broker to trade Forex with..

what is the commonly used one on here?