Have a nasty feeling there will be a massive end of day rally of about 200 pips, but just cant fathom out which direction. My guess is up, as this will take us to 154.22 cluster resistance, but I wouldnt like to trade on it!!!

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No Problem

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Does that make him (her?) a noob with moobs?

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Crept up just a touch before news, sounds like a good movement for a down trend!!!!!!!!!!!!!!!

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Hi Bad Sounds like your going the average trade price route. My advice for what it's worth..... Give yourself between 50 and 80 pip gap between trades depending on the momentum behind the rally EDIT: Also, make sure you haven't got more ...

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Absolutely, same as last month. My guess is we will find that all the news is already factored into the price and we'll see more ranging. Good news for my strategy

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Nothing wrong with basing a strategy on average price. Take small shorts on the way up, only has to come half way back to hit your b/e. Sometimes better than closing out with stops on occasions. I use average buy / sell strategy and it seems to work ...

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Not any momentum and no clear direction. Taken my 28 pips profit on my two shorts. Will wait to see what happens later with news and US employment figures.

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OK posted a second short at 1.51996. Based on news looking to get out with near 40+ pips x 2 at 1.5155. Think it may go down a bit further than I'm feeling in a bit of a bird in the hand sort of mood today. BTW. If Gbp/Eur goes down to .8700 today, ...

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Morning all, Got a good feeling this is going down today. Cleared my 50 pips from last night (Clogs/BBakker, how long did you stay up for - not much happened despite aussies attempts) I'm booking one trade today and that is 150 pips south to 1.5050.

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Guess I'm still hanging in there waiting to see what happens on opening EDIT: I'm leaning towards $ strengthening in the morning after the news and us seeing 1.5050 but I just can't help but think there will be little activity overnight. I'm going ...

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Hi all, just checking trades before off to bed for some much needed zzzz's. Got the wrong side of a short trade at 1.5212 but my strategy of increasing lots until retrace commences has fortunately brought me back to level 1.5265 to 1.5245 ...

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What do you mean by an inside candles job?

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Obviously nothing exciting going to happen in this speech. 15 mins in and no price movements. If there was anything interesting price would have been bouncing about by now.

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If you're going to get in short, I'd do it now....... Not much left on the upside if you ask me.

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I sort of follow that strategy, but not every 25 pips that's madness. I wait for daily movement between high low to hit 100-125 pips, then I take additional shorts / longs depending on direction every 50 or so pips. It's not an exact science as to ...

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Bernanke speaks at 18.30 GMT I thought?

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It;s finding it hard to go up. I've just lodged a second short at 1.5212 and fully expect the day (5pm london) to end nearer 1.51 than 1.53 Edit: because of this I haven't set a TP as yet, I;m happy to let it run.

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Then Tokyo can sell it higher so London can swing the range................. there's an upside to every session, it just depends where it is when you join.

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Hows it going all. Come back from meeting to find my short has closed out to profit..... always a nice pick you up after a budget meeting I've just booked another short at 1.5170 so hopefully can add some more. Set take profit at 1.5120 which ...

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