Forex rebates on every trade - win or lose!

mg

Pleased to see MDW coming good for you at last, those two sheds must be bulging :) Unfortunately I was stopped out at 7.5p after holding forever.

Made a complete cock-up yesterday with the $/YEN, shorted as I thought it was falling through the channel and was surprised to see it go back up. Only after studying my chart did I realise the support line was drawn slightly incorrectly and the price didn't even touch it.

Looking a bit healthier today though.

BTW

My rising support line is at 11500 now, if it drops through there it's out of this channel (I think)

You should've gone to Specsavers, Luke.

:o)

Ran over the bloody things wiv me golf trolley :(

Luke
Glad I'm nowhere near you when you're on the water - could make a nasty hole in my dinghy.

mg

I'm not allowed to steer, can't see where i'm going :) And anyway, all you weekend sailors should be banned until you've passed a driving test.

Regards

Luke

Hil, OK, lets see what happens today. I'll blow the dust off Plan B but if you could remain on hot standby for today, that would be good. Where are you off to and what's the snow forecast :)

PS: And don't mention SpecSavers -- you'll cause Seymour's glasses to mist up.

Paradiski La Plagne and Les Arcs, Dezza, and the snow is fresh and soft. 145cm in resort, 275cm up top, -14oC this morning and a considerable avalanche risk.

:o)

PS. Sorry about the bad language, Seymour.

$/Yen really testing the bottom of the channel now. According to the two hourly it should drop through, as long as it aint kidding.

mg .... not nearly as smart as you may imagine ..... our company always has surplus $ income which we have to convert on a monthly basis to ....... with that in mind, it is much less fraught than trying to read micro-movements and similar ...... from memory, the position we took with our February money was not as advantageous as had we just traded on the day we needed the ..... can't remember what we have done about March ...... April I know we sold forward at 1.9450

Forgiven :-)

err, it was kidding :(
US figs spoiling the fun

[17:06 US TECHS: Dollar Index Staging a Short-term Recovery] Boston, March 23.
Yesterday saw the Dollar Index form a bullish engulfing candlestick pattern and
today's price action is confirming that signal as it pushes through the daily
swing point at 83.04. A close above that reference today would be a good
indication that the index is ready to retrace some of the recent decline. The
initial retracement level of the most recent decline is just ahead at 83.31 and
failure to get through there over the next session or two will imply that the
market is still more biased to slip lower.

Economic Data Release Calendar updated for next week with surprisingly little drama this time :)

Afternoon all - back from a wonderful week or so of walking and touring Scotland. Nearly got snowed in too in Braemar, just round the corner from Lizzie's B&B at Balmoral. Wonderful stuff and can't wait to get back there again.

Missed a load on Cable by the looks of things - seem to make a habit of going away at crucial times.

Good to be back though too :-))

Treasury Committee Opening Statement

Cable 1.9800 by the end of the week, month and quarter...any takers..

Some say when the majors range the minors trend....has that been happenning?

Happy Easter FX'ers. Tempted to short cable now and just leave it open for a week or so as I shalln't be around.

The forecast is for snow where I'm going tomorrow - it needs some now!

Despite my post 2 above here...and looking at longer bars to get a clue as to direction I am now...

short Cable
Long USD / Yen

200 pips off each should do.. lol

Have a great time Hils.

Should be back into Fx in 2-3 weeks myself, away next week then lots happening workwise after that.