Forex rebates on every trade - win or lose!

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.

Stops on a move below 17988

On cable hils

Yes Dealer Dave

Happy Dave?

:o)

Beebs,

Where are you this morning? I've booked the hotel.

:o)

missed it but thanks how high do you think it will go

grrrrrrr went long 1.8026, closed at 1.8040 - went out & now look!

Ah well.

just got back in - been out for a haircut !
well done - yet again.
i got greedy and wanted 179.99 again


are we having the four-poster ?

Dave,

I'm not sure and I'm reluctant to offer advice because I'm aware that emotion plays a large part in trading and my objectives will doubtless be different to others. Normally, when the price breaks a falling resistance line you're talking of an up-leg lasting over several days (just the same as the down-leg has lasted 3/4 days).

If you live on your nerves, it might be sensible to set your stop just under a consolidation low. If you're a little more relaxed then maybe set your stop at entry for break even. If you've got balls of steel then set your stop at today's low for a potential loss.

Beebs,

I don't know what type of bed it is. I wasn't planning to do a lot of sleeping.

:o)

Btw. 18155 was perceived as a resistance level today.

Thinking about it, I'm going to run a tight stop because i) it's Friday, ii) it's been a good week and iii) I'll be happy to bank and go into the weekend flat.