Forex rebates on every trade - win or lose!

Depressingly interesting, Choccie.

Yep, tell me about it.

On a lighter note, happy 300th page 6000th post day Hils :)

Much better this morning thanks, Choccie, and good to see the 6k breached.

Don't think cable's a play just yet this morning. Need some better clues on direction first, imo.

Morning all.

Long from 28 this morning - resistance around 9075/80 so fingers crossed.

Think we are getting really overbought now though.

Morning Hils, much better then.

I'm long from 25 this morning and feel that it'll drift upwards today as no big news today that directly affects cable.

Been digesting the Philly report which suggests that cable ought to be on an uptrend.

Also dipped my toe (the middle one on my left foot to be precise) at 26. We'll see where it goes. I'll be happy to bank on any sign of a turn down.

edit. Stop at entry so zero risk.

Have a limit order in at 25 as I missed the early action. Some suggestion that we might go to 150.

'Tis the early birds that catcheth the worms, Seymour.

:o)

Out at 50

I can see why Hilary but I'm hanging on for now

Still in but would like to see it having a go at breaking this morning's high. If it fails I'll be out

If my 1-minute macd turns back up above the zero line, H, I'll go back in long again regardless of price.

I'm not so sure that I trust it though. For a start, I don't think that the Philly Fed is the be-all and end-all that it's been painted as and I wouldn't be surprised to see some big guns offloading into strength around here. My 1 hour was also showing signs of turning down at 7am, so that probably needs a bit more time for clarity.

It's stalled a touch so went out at 49 a few mins ago.

I have a bad feeling that I went out a tad too soon

My limit order cancelled now, missed all that! Will look again at lunch, busy morning ahead.

Still hanging in and very wary.
Agree with Hils, the Philly Fed is only the new black until something else comes along to turn the tide ... like another wake-up inflation call over here.

Edit: 53 and out for now

Some info from another site on yesterday Philly Fed, mite be of some interest and explane low reading.

My concern for the bearish side is this story below broke at the same time as Philly Fed survey. So was it this that caused the spike down?

WASHINGTON (XFN-ASIA) - A string of strong underground explosions rocked
several high rise buildings in Philadelphia, leading to snap evacuations, local
media reports said.
The lunchtime blasts were apparently caused by an underground power cable
malfunction, local television station NBC 10 reported.
Only one person was taken to hospital but did not appear to be seriously
injured, the city's ABC station reported, as pictures showed smoke pouring from
a manhole cover.
Hundreds of evacuated office workers were milling around the streets of the
city center, waiting for clearance to go back to their desks.

Tried another long an hour or so back, but got stopped flat and have since shorted it at 30. Again stop's at breakeven so let's see where it can get to.

No more trades for me. Just feel that it'll drift about a narrow range for the rest of today.

Happy with the earlier trade and dont fancy giving a penny back. There's always next week!

Thanks all for your Philly opinions. I still feel there's a lot to learn but at least the learning curve isn't as steep anymore.

Well I keep banging those shorts away and each time it rallies back up and stops me flat. Sooner or later one's going to stick and get me a nice leg down.

Yes a difficult day Hilary. I'm long FWIW but it's doing its best to shake me out.