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Good afternoon

I have had a quick count and apologies if i am slightly out but that is around 5,200 pips from the group this am…

Amazing… Probably the happiest Teacher in the World!!!

Dan

Fantastic results today… Great team effort… Well done.

Dan

06:40:19 {Justin_Jay<EN>} made 70 pips yesterday. not much, but my personal best since I joined market bytes:)

07:13: 07:19:32 {Durti_Ca$h} PICKED UP A CHEEKY 100 ALMOST ON THAT !

07:19:39 {Jeremy_W<EN>} 91 for me

07:19:40 {hemal} same Jeremy 150 for me on that one

08:07:48 {venky<EN>} out of crude aswell with a safe 65 pips..

08:17:20 {Durti_Ca$h} BANKING PIPS IS WHAT IT’S ALL ABOUT THO LARRY !!

08:17:15 {Bloom} 1/2 crude position closed, 83 pips

08:18:03 {ben} 35points taken on crude 

08:20:00 {vikki} 50 up on both

08:23:32 {William} 36 pips on gbp/jpy

08:25:29 {chuka,_i} Crude 44 pips, GBPJPY 22 pips, GBPUSD 25 pips

08:30:53 {chris} taken 60 on crude

08:32:42 {chris} happy with 60

08:38:34 {PhilW} took 19 on crude - it may go further but not prepared to sweat it!

08:38:45 {Rupert} taken 40 pips on crude

08:43:42 {venky<EN>} Agree with you Dan, got hurt many times getting carried away..especially with CRUDE!!

08:44:44 {Durti_Ca$h} HAVE BANKED 100 WITH 1/2 MY POSITION ON CRUDE !

08:44:48 {Durti_Ca$h} (WELL, 99 TO BE EXACT)

08:46:10 {rockdrive} closed on crude for 54

08:48:03 {Tom_R} 120 so far on crude and 30 on gold

08:48:26 {martin} 180 pips on E/$ since yesterday now dithering ! 50 up on crude too

08:48:59 {Gazza} Out GBPUSD for 20 pips, Out GBPJPY for 60 pips, Out GBPCHF for 16 pips, stop and TPs kicked in while I was away on a call from work ….. another reason to hate work !!

08:49:32 {Justin_Jay<EN>} yeah, but unfortunatelly, I played 21 CCI exit strategy. so I only took 50 pips on that EURO yesterdya

08:50:20 {Durti_Ca$h}  

08:50:47 {Gazza} All thanks to the strategy Dan, you know Im impressed !!

08:51:04 {barry} out gbpj 40.    Crude  closed 75% after 80

08:51:36 {Stefan<EN>} close half crude +73 and Half GBPJPY +41

08:52:22 {Flash} Closed EUR/USD yesterday for + 40 too early but lots of times try to

08:53:05 {Tom_R} thanks dc

08:53:44 {Johnh<EN>} out of g/j am

08:54:12 {bob} 30 pips profit on £ yen

08:54:25 {Durti_Ca$h} GOOD WORK BOB

08:55:08 {Durti_Ca$h} 1-23 AFTER RETACE ON CRUDE POSSIBLE FOR ANOTHER BITE LATER !!!

08:54:52 {Pauly} CLOSED CABLE POSITION IN ADVANCE OF NEWS!

08:55:21 {gareth} CLOSED CABLE 101 PTS…FROM EARLY HOURS OF THE MORNING!

08:55:24 {little_john} Dan   my first 35pips using the system

08:55:26 {PhilW} phew! 19 on crude 23 cable, nice

08:55:33 {stuey} on the forex factory there is no news out at 9.30

08:55:46 {linda_m} 30 pips on gbp usd bye off to work

08:55:46 {alexjf} 70 points on crude and gbpusd

08:55:46 {hemal} 30 on gbpjpy

08:55:52 {venky<EN>} 65 pips on crude this morning!

08:55:57 {William} gbp/jpy +36

08:55:59 {Justin_Jay<EN>} +30 on GBPUSD and -7 on USDCHF. Still on GBPJPY with a few pips and Stop loss at almost break even

08:56:00 {Tony_H} Crude +100, come on

08:56:20 {Durti_Ca$h} 87 ON CRUDE. STILL IN A BIT BUT RETRACING

08:56:04 {Johnh<EN>} 85 total on g/u and g/j

08:56:05 {erakehi<SV>} 33 gbp/yen

08:56:12 {Simon} GBP/USD  27 & STILL IN

08:56:13 {Rupert} 40 on crude

08:56:14 {Peter_W} stuey, forex factory is in us time

08:56:15 {Larry} +33 crude

08:56:15 {vikki} 90 still in gbp jpy

08:56:16 {Billy_P<EN>} 40 up then made big mistake and lost 25 on EUR /USD

08:56:18 {Chris_M_W} only +10

08:56:21 {andy} 20 gbp/jpy

08:56:25 {nickmead<EN>} 30 GU 20 GY

08:56:33 {gary555<EN>} +38 g/u 32 g/chf

08:56:33 {Tom_R} just closed crude 138 and 32 in gold

08:56:36 {barry} closed crude for now. 85.    be back for 9.30

08:56:36 {Bigboy} 153 on crude - flat and really happy

08:56:40 {Pauly} CABLE 38 POINTS CLOSED!

08:56:47 {Keven}  40 on gb/jp 

08:56:57 {Bill_K} Up 19 on £/$.

08:57:05 {chuka,_i} Crude 44 pips, GBPJPY 23, GBPUSD 26

08:57:06 {stuey} 39 on combi of gbp/usd and gold

08:57:07 {Stefan<EN>} crude +73 GBPJPY +41 GBPUSD +29 great day for me

08:57:08 {Simon} GREAT TRADING!

08:57:12 {Flash} No Trade this morning!

08:57:14 {Mark_G} just watching

08:57:15 {slinger<EN>} no trade

08:57:26 {KEVIN_WEST} AUD/JPY SHORT -6

08:57:36 {chris} 60 on crude, 40 on gbp/us

08:57:42 {Richard} yeah, got in late today so haven’t traded yet. got 40 pips on gold yesterday afternoon

08:57:54 {phil} 20 pips up on gbp/usd still in

08:58:14 {ben} 50 gbp/jpy   35 crude 30 gbp/usd  gold still running at 14 up

08:58:16 {chris} stil in gold +22

09:01:58 {Larry} 10/06/2008 (Private): No Zakkyboy, first time on crude and made +30...got out as others in Live Room getting out and I got nervous too as have heard that it can be a beast. U still in?…may get in after retracement tho

09:02:08 {Tom_R} going to work 170 pips best day so far got a big smile on my face!

09:09:50 {vikki} just had my take profit hit on gbp jpy for 60 pips very happy

09:10:59 {vikki} about 250

09:15:25 {Bloom} closed crude. average 84 pips

09:25:32 {hemal} just closed gbp jpy for 60

09:25:49 {hemal}  210 for week

09:25:53 {Tonyxx} 81 pips banked across 4 markets, 3 open positions with 1 penny per point for practice short GBP/JPY, Gold & Crude.

09:35:07 {Jeremy_W<EN>} + 34.5 pips on GY. Two closes.

 09:35:10 {rockdrive} bye and thanks cl 54 and g/j 22

The FTSE closed down 29.2 points today at 5,877.6, whilst the FTSE 250 closed down 93 points at 9,741.3. The banks pulled the FTSE down, which would have been lower had it not been for the oil stocks.

Over the pond, by the time London closed the DJI was actually up about 107 points at 12,317, whilst the S&P500 was up 5 points at 1,366, and the Nasdaq up 12 points at 2,462. News expected that home sales may be better than originally thought helped, as did news from Ronald McDonalds, who posted some decent numbers. It seems no matter how bad things are, those that use McDonalds for thier food can find the cash.  Worrying news, though, was that Lehman Brothers is raiing some serious cash thru’ a share offer at US$28 a pop, with 143m to sell.  That’s $4 bln they want to raise, so to boost the bank’s coffers. The bank also said it had lost a rather hefty US$3 bln in the 2nd quarter, which was heavier than expected. This news helped pull the London banks down.

Back here in London, the banks fell.  RBS closed nearly 12p down at just shy of 234p after saying that 95% took up the rights issue shares, which was as expected.  Peers were all dsown, with HBOS closing off nearly 24p at 307p, and Barclays closing down over 19p at 318.5p.

On to power, where we gave news this morning that France’s EDF was looking to take out British Energy had given the UK power group a boost, but this reversed during the session and it closed down 14p at 721p after saying it has actually not received any potential bid offers that are higher than the 6th June closing price of 735p.  Rumours that it had accepted the DF offer seem premature.

As we said this morning, oil had jumped a rather worrying US$11 bbl at the end of the week.  This has backed off about $2 or $3 bbl today, but the airlines and fuel users still suffered.  British Airways closed down nearly 6p at just shy of 228p, whilst orange-coloured peer easyJet closed down nearly 7p at just shy of 301p.  Cruise ship operator Carnival closed down 40p at 1,806p.

Had the oil stocks not been as strong, the FTSE would have been down much further today.  With the price of the black stuff so strong, we saw a boost to the heavyweights, with BP closing up 14p at just shy of 595p, RD Shell closing up 32p at 2,087p, BG Group up 24p at 1,280p, Dana Petroleum closed up 29p at 1,858, and Venture Production closed up 28.5p at 923.5p.  Oil services firm Petrofac also did well, closing up 62p at 7-quid on the back of a Goldman Sachs upgarde to ‘buy’ from ‘neutral’.

On to commodities, where metal prices were on the up too.  The mining sector really has been the only performer this last year, to really speak about, anyway.  Anglo closed up 43p at 3,298, Xstrata up 115p at 4,222, and Vedanta Resources closed up 25p at 2,283p.

On to the house builders, where all have had a really poor year.  This continued today, with Barratt Developments closing down 20p at just shy of 121p, Redrow down 17p at 197.5p, and Persimmons closing down 18.5p at just shy of 429p.  Persimmons, which is the only housebuilder still in the FTSE 100, looks like it will also be kicked out to the 250 in the next shuffle.

Pub group Mitchells & Butlers closed down 20p at 260.25p after weekend press reports that said M&B management had warned that it reckoned its pub beer sales (’on-trade’) would fall by over 40% in the next 10 years.

One riser worth mentioning was Informa, which closed up over 51p at 437.5p after announcing a tie-up deal with United Business Media, who closed up 12.5p at 618p.  News that this would be one bigger group was received well.

Good afternoon all

Well we called it this morning and the retracements are on… Patience is key in this game and what a start to the afternoon.

EURUSD started falling at 1.5790.. Look at before and after…CCI 84 does it again…

GBPCHF found support with USDCHF rallying..

USDCHF finds support with EURUSD falling…. How good is this 84CCI when we wait for  a clear picture…

Here are a few examples… Not bad as long as you wait for the trades…

Speak tomorrow

Dan

Good afternoon all

Very messy morning to be honest… Many jumped in before the PPI figures came out at 9.30 and benefited from the move but a very high risk trade…

Think it is best to keep it very tight this week, until the market settles.  Wait for the obvious trades!!!

Dan

10:10:50 {barry} 20 up on ftse

10:11:09 {Nicholas} Closed +38 PIPs on XAU

10:30:44 {Durti_Ca$h} 100pips in 5mins !!!!

10:31:04 {Christoffi} Thank 80 pips

10:31:16 {ben} cable long is 50 pips up now for me

10:32:27 {Christoffi} OUT of CABLE 80 PIPS

10:33:44 {ben} out of cable for 86 points

10:34:09 {Christoffi} UP 20 pips on EUR/$

10:34:19 {chuka,_i} Just made 55 pips on GBPJPY

10:49:58 {Gazza} Thanks for a “slow but profitable morning guys, always fun” EURUSD + 28, USDCHF +36, GBPUSD +63, GBPJPY + 4, GBPCHF + 23, EURJPY -

10:52:36 {vikki} yes 70 pips

10:53:55 {vikki} out for 80 pips

10:54:25 {Stefan<EN>} short crude +80 pips –

10:54:31 {venky<EN>} out with 96 pips on the crude

10:57:15 {KEVIN_WEST} cad long plus 13

10:57:31 {andy} out for 86

10:57:35 {chuka,_i} 65 pips total on GBPJPY and USDJPY

11:01:26 {KEVIN_WEST} us cad 25 pips

11:02:47 {Jun<JA>} USDJPY 38pips

11:09:34 {Gareth} AUS/USD JUST CROSSED CCI 84 SHORT

11:18:48 {barry} +80  20 ftse 60 gpbjy - still in but stop now 208.50

11:18:58 {Bloom} USDCHF, possible long?

11:19:11 {hemal} no trades for me today

11:19:26 {Peter_W} no trades today.

11:19:30 {erakehi<SV>} eur/yen 63 still in

11:19:35 {bob} no trade missed the $ yen

11:19:36 {Flash} GBP/USD Short + 28, In Short EUR/USD at the moment!

11:19:44 {chuka,_i} 65 pips total on GBPJPY and USDJPY

11:19:50 {Simon} GOLD  48 pips!

11:19:59 {ben} 85 pips GBP/USD Long

11:20:14 {Jun<JA>} +50 USDJPY, EURUSD and USDCHF

11:20:15 {Stefan<EN>} GBPCHF +40 still in crude

11:20:32 {John_M} just +10 on eur/$ should have been more but came out a bit soon

11:20:51 {Richard} no trades today - so far

11:20:52 {Bloom} 3 trades, break even overall

11:20:53 {chris} gbp/chf +25 and still in

11:20:54 {KEVIN_WEST} cad/usd plus 25 usd/jpy long 20

11:22:01 {Nicholas} 3 trades - +38PIPs Gold, -17 PIPs on 2 open trades just entered

11:22:14 {Billy_P<EN>} 2 trades EUR/USD,EUR YEN -39

11:22:15 {Justin_Jay<EN>} fake breakout on USDCHF - 30 pips. and unfortunatelly, got stopped with 0 pips on GBPUSD. but well, what can you do when you get stopped to the pip:)

The FTSE was up about 15 points this morning at 5,920, whilst the FTSE 250 was up 3 points at 9,838. Th strength comes from the heavyweight oil companies, as the FTSE is weighted in their direction and oil jumped to a record high again.

It was a poor day on Friday over the pond, where the DJI closed down nearly 395 poinbts at 12,209.81, whilst the S&P500 closed down over 43 points at 1,360.68, and the Nasdaq down over 75 points at 2,474.56.  All three down about 3% on the day, which is the largest fall in well over a year. News in the US that it was the biggest gain in the government’s unemployment figure for more than 20 years didn’t go down well, and then add to that the leap to almost US$140 bbl in oil price, one can see why the Dow tumpled.  US$11 rise for a barrel is a significantr jump for one day, and up to a new record is rather concerning. Recent hopes that things were turning for the better were obviously very premature.  Morgan Stanley now reckons we can see US$150 bbl by 4th July, so whether thge US still celebrates as much on their independence day we’ll have to see.

In the Far East this morning the Nikkei 225 closed down 308 points at 14,181.38, whilst in Hong Kong they were having a greather for a public holiday.  Just as well.

Staying in Asia, oil trading showed that $11 had been a too bigger jump for one day, as oil prices fell back to about US$137.70 bbl.

Back here in London, as mentioned above it was the oilers that were on the up. BP up 10p to 591p, RD Shell up 32p to 2,087p, BG Group up 14p to 1,270p, Cairn Energy up 35p at 3,340p, Dana Petroleum up 55p at 1,884p, Venture Production up 26p at 921p, and Premier Oil was up 44p at 1,698p. Petrofac, the oil services firm, was up 40p at 678p after a UBS upgrade to ‘buy’ from ‘neutral’ by UBS.

British Energy was also doing well, up 6p to 741p after weekend press reports suggested France’s EDF was looking and sniffing with a £10 bln bid. Peer International Power was up 5p to 442p, and National Grid up 7p at 710p.

On to tobacco, where Imperial Tobacco was up 23p at 1,972, and peer British American Tobacco was up 13po at 1,865p.

On to the fallers, where obviously those using fuel took a hit.  British Airways was down 8p at 225.5p, whilst easyJet was down 10p at 297.5p, and cruise operator Carnival was down 28p at 1,816p.

On to the City, where our very own London Stock Exchange (LSE:LSE) feell nearly 20p to 895p as concenrs over the markets grew, whilst ICAP was down 6p at 597.5p, and SChroders was down nearly 20p at 895p.

On to the banks, where HBOS was down 6p at 328p, Lloyds TSB down 5p at 363p, and Barclays was down 3p at 334p. Barclays were a subject of weekend press reports that
the bank is looking for some £3 bln in casgh input to bolsetr its books from some foreign institutions.

On to the high street, where Marks & Sparks was down 7p at 372p, Kingfisher down 1.3p at 132.7p, and DSG Intnl was down 2p at 60.5p after a Goldman Sachs downgrade to ’sell’ from ‘neutral’.