Forex rebates on every trade - win or lose!

Afternoon - I'm tempted long but am wary that the hourly and 4 hourly indicators do not agree with me yet so will probably hold off a for a little while.

Morning - looking for a long again this morning but not sure at what price yet.

Been in since 19460 yesterday. Out for today so leaving it to run. First hurdle is 550 - it's had 3 goes at it but failed on each occasion. If it breaks through then 610 next stop. Otherwise back down to 430 - at least :(

9460 was my price yesterday mg but came out overnight - back in at 40 this morning.

Make that 4 goes - it doesn't seem to want to break through. Moved my stop up to 510 - just in case - wouldn't want to throw away my gains.

Bad entry for me in hindsight as I pre -empted the break.

Just seen my stop taken out - kept 50 at least. I've left a long to open at 435 with a tight stop - off out now

Long again from 499.

[14:57 GBP/USD: Threatening 1.9550 Resistance, MPC Minutes Tomorrow] London,
February 20. Cable is currently trading just south of 1.9550 (today"s Asian
session top) as it consolidates gains from a late London intra-day low of
1.9480. A break of 1.9550 targets 1.9567 (yesterday"s peak). 1.9600 is an upper
obstacle.
This week"s key UK event risk comes in the form of tomorrow"s 09:30GMT
publication of minutes from the February 7/8 BoE MPC meeting. IFR expects the
minutes to reveal that the base rate was held at 5.25% by a 7-2 vote--although
9-0 and 6-3 forecasts have also been noted. We suspect Tim Besley and Andrew
Sentance, may have voted to raise rates by another 25bp. The MPC"s newest
members cast prior votes to hike in January, last November and last October
(they formed a minority of two in October).

My last post felt so good, I had an urge to say it twice.


Bloody internet!

Decent enough day today but is Cable ready to break out of the descending triangle tomorrow? (Ignore the spike on the 9th)

Oooooh I feel like I'm being watched. I had a buy limit in at 19430 (? support)and a sell at 19550 (? resistance) - based on earlier resistance - and that's triggered and is running. I'll have to start issuing my own RNSs at this rate :)

Looks like the longers should have done OK for most of the day - well done Harlosh - it came good in the end.

Thanks mg - you now short then?

Yup - so long as that isn't a heightist remark ..... 'cos I can be sensitive about my vertically challengedness :)

From the 550 resistance (or what I had as a resistance) when I went out this morning.

Sorry mg I didn't know you were so. Choccie never mentioned it - honest! :-))

Good things come in little packages - or so my mum says :)

Not very confident about the 550 short - but will stick with it for the time being. Moved stop in at today's high.

550 short still running (naughty me moved my stop up to 9600) :(

Off out again - so will leave it to do or die .....

Back this aftie.

7-2

That's my prediction for the Barcelona - Liverpool score tonight. Nothing to do with the MPC.

Come on Barca.

:o)

Well I'm long from 495 earlier today.

Held over the news which I don't normally do and got a slapping for it. I'm sure Cable wants to go higher but the hourly indicators suggest otherwise. I am relying on the 4 hourly chart though which has really yet to move out of oversold territory with conviction.

Perhaps it's wishful thinking - very dangerous.

Onwards and upwards hopefully.