Forex rebates on every trade - win or lose!

Welcome Cloggs. And Beebs says welcome too (he's the one who's got a Portaloo as an office seat).

:o)

cable trading goes with catheter, with a portaloo
you've got to take aim !
and no, that's not taking the piss...

cluck, cluck, cluck.

:o)

Don't forget there's 9:30 UK employment data, boys.

I'm not a boy!

Back in long but should have taken my chill pill earlier.Doubled stake.
Gulp! May need another soon.

Looking to 18023 for a re-entry.

didnt get near it really. going short @ 69.5

??? 69.5?

Tellon did you mean 79.5, if so a wonderful call.
I am ducking and weaving.

It was 78.5 when i went short but i use ig index so pay a 9point spread. so I open at 69.5. Ive closed now at 71.5 for -2.

Im just not comfortable with the move, not enough legs on it.

So Out for -2

Back from tennis to find that I'd been stopped from my longs while I was out at varying levels from -15 to +120. Have re-entered long with a stop on a move below the 1:30pm low and limit orders to add if/when it rises. Intend to let it run into next week.

It's Poets day, so I'm off now. Have a good holiday, Beebs.

I am in agreement now. going Long at 16.5 (25.5 Open) Lets hope this one works out a little better.

Thanks for the welcome.Not a good start got stopped out-100 now its back to whare i started.

Blimey, just survived a probably too wide a stop and the trade that was down and had a hopeful????? limit 50 above has just got taken out for +50 when I was too slow getting back from lopping hedges.
Need another reentry now and the wife is demanding the rest of the hedges get done.

do you want yer dinner tonight hodgins,
or will you go hungry ?

I just closed my postion, +110 (I think it will go higher but im going to the pub so will take my profits and run)

Have a good weekend all.

hedges and out for dinner in that order, and no reentry

Reentry achieved long.
I just had to follow the mistress of the board long into next week!

GBPUSD
Price: 1.7960
Day View
Resistance: 1.7995 1.8015 1.8045 1.8060

Support: 1.7950 1.7920 1.7885 1.7840



Bias: Mixed - waiting for breaks

Bullish: Friday saw the overall pullback deepen towards 1.8046 from where the has been a sturdy reaction back lower. However, we see ambiguous signals and could quite well believe that support at 1.7920-50 could hold to cause a second test at the 1.8046 level and possibly even a move to 1.8095. Break of 1.7995-1.8015 would confirm the test higher. However, if seen we consider the 1.8095 area as a cap.



Bearish: Having reached key pivot resistance at 1.2046 we cannot rule out a direct resumption of the downtrend. This would require a break below 1.7920 and preferably 1.7880-90 in which case the emphasis would once again turn lower towards 1.7835-40 and then back to test the 1.7755-75 lows. Below would trigger aggressive losses to the next major target at 1.7650. Any earlier test of 1.8095 would present an excellent selling opportunity.





Week View
Resistance: 1.8095 1.8195 1.8280 1.8420

Support: 1.7840 1.7755 1.7650 1.7515



The end of last week dented the directly bearish view but the pullback has failed to break above the 4-hour Pivot Cloud and also the 1.8050-95 resistance area. Schaff Trend Cycle reversed higher and is rising though at high levels while FXS-RSI rallied above oversold territory and is still rising. We continue to prefer to retain our bearish stance with the next stalling point at 1.7650.



Bullish: The pullback higher has been slightly stronger than expected but has held, thus far, below the 1.8050 resistance level. Friday may well have seen the high in this correction but we should allow a move up to 1.8095. Thus, we can only re-assess and look for stronger gains should the 1.8100 level break. If seen we would then look for gains to extend towards 1.8195 and possibly as high as 1.8280-00.



Bearish: Although the pullback has been deeper than expected it has held below the key 1.8050 level and while the 1.8050-95 resistance holds we remain bearish for a move down through 1.7755 and onto 1.7650 where a pullback is possible. Further support is seen at 1.7515.



Month View
(Updated 19th April)

Resistance: 1.8300 1.8605 1.8875 1.9025

Support: 1.7650 1.7165 1.6905 1.6565



The move lower has met with a choppy start but we feel that we should now see losses resume and expect to see progress to the next support at 1.7650 this week. From there we should see a correction develop but the coming 4-6 weeks looks bearish towards 1.7165.