Thank you very much for your kind words. As you know I was really worried after losing my old job. Thankfully I managed to land a better job so I have something to provide my family with . The main downside with the new job is the commute - ...

Why do you think BoE wants a strong Pound? A weak sterling will help increase the competitiveness of UK goods overseas thus help with an export led recovery. Also a high Pound against Euro (as its happening for some time now) will suck in imports ...

I hope traders here are taking some time-out to enjoy the Olympics. The sun is out in London and Team GB is doing well. I haven't traded much all week! Wishing you all a great weekend .

Future of Euro — The Theory on Italy and Germany's Endgame for the Euro Feeling more relaxed about the euro crisis since last month's summit? Think again. The risk of a euro-zone breakup may actually be rising rather than falling, according to ...

Good show, keep it up! I didn't get the chance to trade today at all.

You were much better than me, well done I went short at 5720 and my TP got triggered at 5670 (+50 pips). I cannot complain though. This month has proven exceptional so far for me. The stats are 50 trades - 27 short trades (89% winning ...

Hello Mr.TT, I have a similar view. I have a pending short waiting at 5675. Green pips to you.

Please push up the price guys/gals, I have some sell limit orders waiting in the 5680 and 5720 area.

No worries, there is no need to be sorry. I guess it is one of the drawbacks of these forums is that we are not clear with our posts sometimes (in my case sometimes I'm a bit tipsy after having one or two drinks). Anyway, it looks I got out of my ...

Hi IBB, I don't know which post you are referring to but my employment situation hasn't changed. I am currently serving out my notice period and will finish at the end of the month. Hopefully something will turn up soon - there are one or two ...

I took the ride south from 5560 and closed at 5496 (I left some pips on the table but hey 64 pips is good) . Now I am long from 5505 TP 5575 SL5470.

Over the weekend, I suggested in the cable thread that the price is likely to go down in the near term mainly due to the problems associated with the euro. However the price has moved sideways so far and it could go either way. So I am staying out ...

I live in UK (South East) and right now the weather is cloudy but reasonably bright with 19 degrees. There is rain and a weather warning for South West of England. Only a few months ago we have had a dry weather spell and reservoir water levels were ...

The outlook for sterling depends on two main factors: the progress of the eurozone crisis and the ECB's monetary policy; and the possible resumption of quantitative easing. I don’t see anything solid in the horizon for Euro and the policymakers seem ...

I am guessing here but the clever guys at Barclays would describe this as "the spread has dislocated from itself" phenomena. Obviously there is a problem at FXCM and they are trying to avoid profit-taking/drawdowns by traders.

Thank you for your reply and I'm glad things are working out well for you. I hope the trend continues... As for me, I'm in full time employment at present (that could change soon) which means I tend to look for long(ish) types of trades as ...

Hi GDR3K, How is your full time trading going? I might be joining your ranks soon so any pointers would be greatly appreciated. As for cable, I am not comfortable with going long at all. I am waiting for it to go further up for shorting ...

Hello nAVIN, Long time no see. How are you doing these days? I didn't realise that you are still holding onto your long. I thought you got out with a break even result. Anyway, all the best. This thread has gone quiet but I guess it is summer time ...

Last week was a mixed blessing for me. On GU, I was sitting pretty with a short taken at 5630 with a target of 5470. I was in good profits so moved the SL to 5620 (+10 pips). Unfortunately, the price reached 5485 (+145 profit) and decided to go ...

My short got triggered at 5630 and now I have moved the SL to 5620 (+10 pips). Despite two attempts this week, 5540 proving to be a good support (white line in chart). We could be third time lucky soon and head towards the next hurdle at 5470 soon. ...