Thanks for this on a side note does anyone know any decent brokers for spread betting on forex. spread betting seems like a very good option as you dont pay ANY tax yet you can get the similar leverage/ gains? Does anyone here spread bet on FX or ...

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hah, no wonder google couldnt find it !!!!

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what does a butterfly mean and how does it work?

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i agree with that but for now i will say 2.02xx before going back up to the dizzying highs of 2.08.

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im not sure, i can see it has hit the top of the channel. this could signify the downtrend. fundamentals are probably still pointing to upward trend but we all know that news can follow moves just as easily as moves are caused by news.

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yes!!! its starting, its bouncing of the channel. setting t/p at 2.0525!!!! actually thats not a good place to put it, ill just trail it by 30 pips.

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I am also short from 2.0700, i see 2.0525 as a target.

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i think the short will come at 20700

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hi i have been trying to find out why the market open is important to the trend for the day why is this. I had a look at open and close prices for daily and 4hr calendars. I didnt notice anything, can someone explain this please?

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isnt this a good thing to do ? it sounds like a good thing if you are entering at the right time.

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this is just ridiculous! i cannot trade above 2.0665 long below 2.0616 short?

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QS, why arent you long at 2.0642? there was a line of support there on the 15 min, How about long at 2.0635??

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Nooooo...these pips are too tasty. Yum yum munch yum eating up the pips !!

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hmm who reckons 38.2 fib 2.0590 then cable back down to 2.04xx

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i see why the bounce happend and got involved also although im not sure where the long will finish. i may get out at 2.0577 or just trail the long and see where it takes me!

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Hi quicksilver, i have a question. I noticed that you placed 6 separate orders at the same price with the same t/p. Why did you do this instead of placing one order? I am new to trading so i maybe missing something obvious here, so apologies if i am ...

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i think that is correct. i reckon 0360 is a good target and below that 0227

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Is soros jr for real or are you taking the pee?

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im NEVER trading just before a news reports again! Thats what turned a comfortable winning trade into a loss! Dam the BOE Ive truly learnt my lesson!!!!

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how did you know to do this, i got screwed here!!! everything was going so well and this move caught me by surprise and i placed a larger number of lots than normal!!!!! 1 pip out for t/p turned into a loss :@ im confused and dont know what to do ...

Cable Update (GBPUSD)