Forex rebates on every trade - win or lose!

For what it's worth, Cable is currently capped by a 60 EMA and falling RSI on the 10 min chart at 9982 ish, dunno if it will continue.

pth

The answer was NO! :(
Added at 9992 with a rather tight stop.

Managed to make my Jappy points back over the last couple of days - certainly has been a learning experience. Tempted to long but not at the moment.

Closed both for +15, should have waited :(

Well done meggers, looking for a cable short re-entry

Action in the Yen....not cable atm...just closed euro/jpy shorts and GBP/JPY from a couple of days ago... looks far enough in the very short term...

GBP / YEN entry was 247.50 and being short you do notice that carry cost as compared to cable trades... still 200 bp in 48 hours...ok for me

foale

Depends how you look at action, cable has produced 100 pips for me in the last 24 hrs (long may it continue). Anyway, I always seem to make a mess of the Yen :S

pth

Well, here we go again, short cable once more, this time from 72 (preferred 92 though)

Long USDJPY 123.03

Added to Cable short at 93, although not sure it's gonna work this time :S

Hmm, wasn't convinced about USD JPY so closed it too early :-(

Added to cable short @988

Slightly concerned it's made a higher high this morning, would like to see 9960 dumped and then we could really be in business! Got the feeling I should have been trading this both ways as well, but the minute I go long it will probably tank. (Mind you, same could be said of being short).

I'm long the Jap @ 95 and 05

Bounced off rising resistance, the original trendline support from the last move. Problem is that it's rising resistance. Short from 72 looking a bit bereft, doesn't seem to want to come off this time :(

Edit: Had that line in the wrong place, resistance at 20030

Stopped out :-(

Still in SC, but I think for not much longer :(

fwiw

IG's Trading Central, has Cable as a short below 20013, long above. Not sure how good their 'experts' are though?

Closed both Cable positions for -21 :(
Could have been a lot worse. At least I can go out now.

Despite earlier intentions to remain flat for the afternoon, shorted Cable prior to going out and whilst at me Mums, just closed for +36 so quite a reasonable day trading afterall. Will take another look in the morning and see where we go from here.

Having read all sorts of analyst comments over the weekend and the last two days I was rather of the impression that weak data throughout was expected this week putting considerable pressure on the Dollar. Thus far this doesn't appear to be the case; thought cable was going to break through $2 with considerable momentum this afternoon, but has once more fallen back. Still nervous about short positions, but I'm beginning to wonder if we are due a sharp downward correction to offset the seemingly relentless slow climb from 19650 to 20000?

Quiet here this morning. Shame I closed last night, but hey ho. Scratching my head a bit now, although I did wonder last night about a sell off, I certainly wasn't sure. Had also considered the Gold sell off yesterday and whether that would strengthen the $, perhaps it has?

Thinking cap back on :)

pth