Forex rebates on every trade - win or lose!

long 179.99 small & tight stop,
expecting the knicker elastic to work

added a bit more 180.20,
that usually kills the bounce !

Still short but close half my position at 1.8000. Got a stop on the rest at 1.8055.

Nice thing is that I'm long on gold which seems to have stopped moving with Cable. Looking at the Euro/USD as well it seems this is more of a weak pound than a strengthening dollar. The EUR/GBP cross has moved up almost 100 points today.

doug

The annoying thing is I am about to open a NASDAQ trading account which I need to fund in dollars so this pullback is going to hurt a bit.

yup dc, noticed the big divergence /e,
charts not exactly in harmony today,
makes it trickier than usual

nice trading btw

Still short from yesterday and staying short.

:o)

ok smarty pants
;~)

For some reason I had a mental aberration and thought that the GDP was yesterday. It is in fact today along with employment.

If GDP is revised downwards it should spike the Cable upwards. Look for some movement around 1:25 as a pointer as to whether the figures have been leaked. I'll also be tightening my stops around that time although I won't have them too tight as the broader price action is still with the bears.

tks hils
thought we may have bounced to 180 50-70 ish,
but a little lacklustre at mo,
have moved stops up to lock a little bit in
10 mins to go - fasten thse seat belts guys and gals

You're probably seeing a little bit of bear closing atm ahead of the figures which is serving to push it those few points higher.

looks like figs will be good then !

Jobless claims rise to 339,000 in latest week; final 4Q GDP unchanged at 4.1% annual growth.

Damp squib. Normal service may now be resumed. Zzzzzzzzzzzzzz.

:o)

Beebs,

Covered my shorts for now. 400 & 300 pips in 24 hours is too good not to take off the table. I'll be back to short it again once it's put a high in place.

where are we going for dinner ?

or maybe a dirty weekend ?

I only play it for 50 a pip ...... can't afford dinner yet.

:o)

well i'm out now, +51 and +31,
feel embarrased to post it with all
you super-traders on here !!!!!!!!!

Wish I could say I was a super trader. Fact is I took a plunge this morning and it paid off.

I went short again at 7am this morning and it had been my intention to run it a bit longer. I've just covered it for 60 as I'm a bit uneasy about the feel of the market atm. In particular, the /$ is struggling to push lower and seems to be finding support only a fraction below the 3/4 day falling resistance line.

I'll stay out for a bit and will buy the Cable on an upwards break of 18100. However, if the moves above 12140, I might be tempted to re-enter the market.

We're getting close to the point where you should be going long! Imo of course.