Forex rebates on every trade - win or lose!

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

Good Morning

EUR/USD looks to be breaking from the current downtrend to the upside atm. This could pull Cable up with it. Cable is still in a downtrend though which may take a day or two to break before you see any real gains on the long tack.

Agree Hilary Euro well bid this am...with cable being the poor relation

Wholesale prices up 0.5% in March, up 0.2 ex food and energy; Jobless claims fall to 353,000 in latest week.

Cable strugling over 17720

17710 seems to be a key level for a tug of war between the bulls and the bears. I suspect that there are quite a few short stop losses positioned about 15 pips above this level. If the resistance selling can be overcome and the stops are triggered, we could see a spike up.

Long EURUSD @ 1.1865

If you draw a line from the 21st Low to the Low of today and the 20th high to the 21st high this forms a wedge.

The wedge was broken at 1.1890 this afternoon.

Also looking at the weekly chart its looking oversold. Im targeting 1.2050+

I hope...