Forex rebates on every trade - win or lose!

MM thanks think it might have been here...Doh

Charts on Gold/ Bonds/ Oil.

To move to a different currency cross, a little closer to home, anyone care
to post a chart and a view on Euro/Sterling, seeing as we now have 2 Doves
on the MPC (Sterling), and Trichet is more 'Vigilant' than ever (Euro) ?

Mel: Just adding my voice to the general appreciation of your postings. Great stuff.

Could be another day like Tuesday. Play the range 30 to 65 and wait for breaks.

Cheers, MM.

The Yen seems to be strengthening against all its crosses.
Is this the carry trade starting to plateau/ reverse?
Or do you often get moves with no real meaning when the
US is on holiday on lighter volume?

Some of the Yen crosses have Head and Shoulders patterns forming,
in Yen strength favour, at the end(?) of the prevailing Yen weakness trends.

long and looking for a break soon of 64...

I have that feeling we will wake up tomorrow to 1.9200

Good call Foale, looks like we're on the way. No position here, the R/R isn't good enough for me.

well its trying to break higher...

Well it certainly did but not in here since Wednesday

eek help no upper points of reference...took 1.9277 exit...
and banked the money..

berlimey!! what's all that about?

No complaining for 1 second but note to have an upper point of refernce..or likely possible target next time..

currency crisis rumours been doing rounds saying on cnbc

ok thanks Boyse

Crisis - wot crisis!!

I reckon it's currency traders catching the Yanks with their pants down on Thanksgiving weekend - got to admire the cheek of it :)

Having a pop at seeing whether it'll give up a few points - so short from 310 ..... with tight stops - EEK

Story doing the rounds of a large (200m) USD/CHF sell order leading the way, but it all seems a bit vague.

Looks to me like a combination of both USD selling and European buying, giving a doubly whammy. USD/JPY has fallen, but EUR/JPY has risen.

edit: I happen to think that it was simply a case of it finally gathering the momentum needed to break through the previous barriers. It's been threatening to do it for months.

well finally got some lines drawn and price extension up to ...1.9340 area looks enough..so since we are exactly that...staying flat... for now

normality will return on monday...

Looks evn more like the big buy 2 get one free for Xmas - but being all contrarian trying to get a few - looks like I'll probably get burnt. Need to get my trading pants changed :(

Gordon Bennet! Just looked in !!!!! That's my risk / reward ratio up in smoke!!!

Sterling heading for $2 barrier

Edit - it's an old story but still valid.