Pound Vs Dollar

[bananaman1]

have a read of this
http://www.bloomberg.com/apps/news?pid=20601083&am...
Might help u understand/help u make your decision.

[ShadownINja]

I bet!

[Chilli]

bananaman1 said:

have a read of this
http://www.bloomberg.com/apps/news?pid=20601083&am...
Might help u understand/help u make your decision.

Thing is, there's always an "expert". There will be others saying the exact opposite. Surely there is little more bad news re government that can effect the £. Even if Labour fold, the thinking will be towards a stronger, healthier governemtn in the form of the tories, will will have a positive impact. A quick rumour that the $ is no longer such a safe bet will see it fall. Millions of things could trigger it either way...Im simply hoing for a one way move!

[ShadownINja]

Yep, I tend not to bother reading such things.

[Chilli]

fk me, when's it gonna stop?!

[ShadownINja]

Chilli said:

fk me, when's it gonna stop?!

When? 1 pip below the price you finally cave in and close at. Sod's Law of Day Trading.

[bananaman1]

rising 1.6045

[Chilli]

Now breached 1.62....COME ON £!!!!!

[g4ry13]

I've been long since 1.6077 since last night. Went about 80 pips offside, getting out at 1.63 but I reckon it could go more still.

Good luck.

edit: 17:28 and I'm oot at 1.6293, I got bored of this and I reckon there's more in this but i'm happy to bank that.

Edited by g4ry13 on Tuesday 9th June 17:36

[Chilli]

g4ry13 said:

I've been long since 1.6077 since last night. Went about 80 pips offside, getting out at 1.63 but I reckon it could go more still.

Good luck.

edit: 17:28 and I'm oot at 1.6293, I got bored of this and I reckon there's more in this but i'm happy to bank that.

Edited by g4ry13 on Tuesday 9th June 17:36

Good man, a nice profit there. 16330 ATM

I really need this to continue, but will take the loss if it runs out of steam, with disaster avoided!

[g4ry13]

Chilli said:

Good man, a nice profit there. 16330 ATM

I really need this to continue, but will take the loss if it runs out of steam, with disaster avoided!

Yeah, it was pretty good - I don't normally trade for that many pips but i'm being more blasé about the whole thing these days.

How are you sleeping at night?

[Chilli]

g4ry13 said:

Chilli said:

Good man, a nice profit there. 16330 ATM

I really need this to continue, but will take the loss if it runs out of steam, with disaster avoided!

Yeah, it was pretty good - I don't normally trade for that many pips but i'm being more blasé about the whole thing these days.

How are you sleeping at night?

Just don't get too cocky!!

Not very well, actually. But then I can snooze till 14:30 when the US opens!

The June future expires on 12th.....eed a big rally!

[bananaman1]

1.6359
Had my own little drama last night ! Went short on the eur/gbp with no stop loss in place as i`m dealing in micro lot sizes,so thought i would let it ride and see what happens;).well had a quick peek as i was running out the door for work this morning,and my accounts been wiped out completley,and over drawn by £400 .a look at the chart shows a 7000 + pip spike


Anyway get home from work this evening ,and my account has been restored to what it was before the spike,computer problem the brokers end

[g4ry13]

bananaman1 said:

Anyway get home from work this evening ,and my account has been restored to what it was before the spike,computer problem the brokers end

Who's the broker? Alpari?

[Chilli]

bananaman1 said:

1.6359
Had my own little drama last night ! Went short on the eur/gbp with no stop loss in place as i`m dealing in micro lot sizes,so thought i would let it ride and see what happens;).well had a quick peek as i was running out the door for work this morning,and my accounts been wiped out completley,and over drawn by £400 .a look at the chart shows a 7000 + pip spike


Anyway get home from work this evening ,and my account has been restored to what it was before the spike,computer problem the brokers end

I had that once. It's a gutter eh? Spend most of the day thinking...What happened, why, how???!!!!!

[bananaman1]

g4ry13 said:

bananaman1 said:

Anyway get home from work this evening ,and my account has been restored to what it was before the spike,computer problem the brokers end

Who's the broker? Alpari?

Nah,Activtrades.

[bananaman1]

I had that once. It's a gutter eh? Spend most of the day thinking...What happened, why, how???!!!!!
[/quote]

yep a gutter alright ! don`t help when u can`t get good conection on your blackberry,so u can try to find out what happened either

[bananaman1]

So whats the state of play chilli ? u still in,or did u bale ? looks like it got up to 1.6480 today,but now slipping !

[Chilli]

Still in. Was looking promising earlier, but now getting a kicking again. Im on the June contract which expires on Friday, so will just leave it now.

[bananaman1]

Sorry chilli,i`m a newbie when it comes to all this forex`ing.Whats a june contract ? and how does it work.
cheers Bman