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Bob
I was beginning to think you might be Merlinless - which would be such a pity after all the Fairy's efforts. And less of the smutty talk - we don't straddle on here - especially our cables !!!

I don't know Fairies, Wellies, Loonies - now Straddling Cables - whatever next.

mg (Col. Harrrumph Retd.)

Aha. Just used IE and found Merlin. I no longer feel excluded ;-)

Thank you Bob. (And Hils). I'm on holiday (at home with days out) so just checked in and found that having had days when there are no more than two posts a week or so on this thread, I suddenly have 31 to read!!!

You're all entitled to your opinion but I'm personally deeply uncomfortable straddling Cables.

BTW anyone watching GBP/JPY? Looks to have topped and may be on the turn?

Can't find out how to post a chart though.

If you want to mail it I'll put it up for you SC.

Ok USD/CAD

The steady and relentless climb in commodity prices since the middle of 2001 has contributed to the equally steady uptrend in the value of CAD (albeit it developed a little later). After a lag of almost a year the rally in CAD value began to demand real respect. With world economic growth prospects 'positive', at worst the demand for all commodities, not just energy related, is due to go on unabated. Prevailing CRB index levels have not been seen since the late 1980s and USD/CAD has been charging towards levels not seen since 1991. The trends in both have been showing no signs of turning and it would be a brave or foolish person who bets on a turn in the longer term trend in the current environment. That's the consensus.



I watched the Loonie bump along the bottom of its recent trading range, which was impressive since those prices hadn't been seen since about 1992. Sellers, mostly real money corporates, have been finding bids easy to uncover from speculative and fund names who've been happy to take profits on shorts. I bought the $ on 22 September @ 1.1625 (simply because it looked so oversold) when there was talk of barrier options at 1.1600 - expiration was unknown. It finally happened 10 days later - no sweat though, because I was already short again ;) It's been a doddle to follow up and down so far, although technically it's on the way to testing some ancient levels.

Btw - I know you can make yourself disappear, but what did you do with Tuesday, shortie?

Oi - Longie - I'm shortie again - 'cos it's Tuesday and the 4 hour has definitely turned IMHO. Ended up flat with my afternoon longs - they always warned me about playing with girls - should have kept my shorts up - or pulled up my longs when I had it in my hand ;)

Ooops - bolloxed that one up ;(

Stopped out for -50

Choccie - mail on its way. Thanks.

Merlin has sorted the calendar out. Tuesday has now officially returned.

EUR/USD & USD/CHF pretty much on respective resistance and support about now.

GBP/JPY from SC



Why do blokes always make them so big? :)

choco
I find that, on the whole, it's not the blokes who are the cause of them getting so big (relatively)

mg (with too many short tendencies)

So which way you up now mg ;)

Short from all the 7s i.e. 1.7777 - pretty number syndrome ;)

That's as good a syndrome as any, ten four :)

This is a cable doodle from the weekend.



Occurred to me yesterday morning that the middle line was still in play.
Been adding lines and trading both ways since then.
From last night - should've posted it but I ran out of match sticks :S -



Support from a year ago is now putting up a lot of resistance - so we'll see :)

Your longs looking excellent Oh Mighty One.

I've been getting what a good MoTU should get - for trying to trade against the trend. Got myself into a bad loop - particularly as I had an overnight position that was supposed to open @ 1.7640 - which would have been brilliant - it failed to open and for some unknown reason I went all short - it all started then ........ got all contrarian (based on SFA) and have been doing it without any thought for the consequences.

Stopped out of the pretty number and currently licking wounds - and kicking myself

Really crap trading - thought I'd got that out of my system but obviously not.

Crazy thing is that when I was stopped out of my first short I was supposed to go long - and guess what - bloody ridiculous - but there you go .........

That was small for me. Thanks Choccie.

Ignore the crosshairs - they just happened to be there when I grapped the graph 0- it's the red resistance line I put in that interests me. MACD still pointing up though.

Oh 'eck ten four :(
Hope you gave it some wellie after that.

edit: oh and less of the mighty crap - save that for shortie :)