Forex rebates on every trade - win or lose!

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.

Everyone is talking about a sterling meltdown, but data seems to get shrugged off sub-1.95 as the money comes in. I've got a feeling that we're currently at the start of the fabled burst through $2. Wouldn't surprise me if we see it as early as sometime next week taking quite a few people by surprise.

Harlosh - good luck - I'm flat after taking 40 earlier when I got back in. I've got some support around 480 so might go long with you if it gets back down there

Interesting Hilary.

Thanks mg - wondered if you got back in time.

Who needs all those city bigwigs when you have Hilary

Thought she had short hair - all her own as well. You lurn sumfink every day doncha.

No dodgy syrups here.

Hils
Not so sure about the 50p dollar when I look at the weekly chart. meltdown could be a strong possibility according to my reading of that.

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Are you referring to your Macd mg?

When you look at that weekly chart, Meggers, meltdown was also a strong possibility on numerous occasions throughout 2002, 2003 and 2004 based upon a simple signal from the ma crossover of the macd. It didn't happen though and the fact is that the ma's are still going up, the price action is above the ma's and the macd is above the zero line.

Right im off out to remortgage the house and put it all long cable.

Talking of dodgy syrups, I might have the odd skeleton in my closet.

:o)

I think you could do worse Jeffmack :-)

Harlosh - yes I was referring to the MACD.

Hils - fair point.

ALL - just whiling away the time trying to get a longer term fix on where we might be going - medium term. My gut feel is with Hils - and that the 50p $ has been within our grasp for a few months now - but never materialised - so it would need a concerted push. When I looked at the weekly it made me wonder.

So ...... evryone

A BIG PUFF :)

Goodness me Hils - did you spill the Creme de Menthe ??

Another long signal looming on the 10-minute.

Hil: Wow. So it wasn't just me that had a mis-spent youth.

MM - you know what they say - if you remember it you couldn't have had one - I have a gap from 13 to 33 :)

I just have a gap :o)