Forex rebates on every trade - win or lose!

and me!

Looks like another range bound day just like yesterday.. (GBP/USD)

and me!

Looks like another range bound day just like yesterday.. (GBP/USD)

I'd say that you just need a bit of patience over the next few hours to let it put a fresh high in place and then short it from there. The 1-hour chart says to me that it wants to come down (over the next couple of days) but the 5-minute chart for Cable and EUR/USD both show signs of a rally first.

Gold is going down, Its at a strong resistance but it is going down. Suggesting an increase in the strength of the dollar. Oil prices are increasing though, suggesting that interest rates will not be rising in the U.S just yet meaning no giant jump in the parity. I feel the price will not breach 1.8062/82 today and the sell off of sterling will continue shortly..

IMO

But then what do I know.

Giving up for the day, bad week for me so far.. -32 today.

Well your not alone, -60 but got a little back on rbs.

Managed to win back +3 on the greenspan speach so was -29 at the end of the day.

Today is looking much better.. Hopefully some trending will take place..

looking for thrills this am
long cable ahead of Bof E minutes!

S h o w t i m e !!

Im short from 64.5 +57 atm. Holding my short.

whoops...still sticking with my long

well done Tellon

Post 1000 is mine woohoo!!

Closed and Reversed

Its a tough call. I recieved a buy signal at 15 but im not convinced. Its all happening in the next 15mins.. Dont you just love Forex..

closed long Cable at 1.7727
not sure now...so flat...
in time for elevenses!

Morning all, it don`t like it below 17700 at the mo.

Pity there are not more people trading Forex...

Cable looks capable of closing the gap to 17760
created this am at 9am 25 points away

foale,

I think a lot of people are put off because the low margin requirement prompts them to trade overexposed positions. There are also a lot of scalpers on this board. Ask any analyst at any bank and he/she will tell you that Cable's a carry trade.

I'm currently out of the market and possibly might be for the next day or so because I've got some other things to do. My personal view of Cable is that it's still a short although I suspect that you're currently seeing a rally to form a fresh high later on today. If/when that high is in place, a straight line drawn from the Monday high to the fresh high would be an excellent short stop loss and a signal to reverse to a long.

Thanks for that Hilary

...funily enough
one of my reasons for trading FX is that I tend not to overtrade ie pos size
relative to modest capital allocated to this
Dont know why my disapline is better than in CFD's as its 200:1 gearing
and always place stops and limts at the outset...probably more scared of the downside

once I learn to do that consistantly with CFD's then I should see better profts there...also like the volatilty of FX

Close long at 1.7760 just now...and now flat

Morning all