Recent content by foghorn

It got to 2.00 ish just prior to sterling's exit from the ERM in the late summer/autumn of 1992. I think you have to go back to the early eighties for higher than that (when the government was pursuing a rigorously moneterist policy and had interest rates much higher than they ought to have...

Too right! There are a few fund-of-funds investment trusts quoted on the LSE that give the mortal exposure to hedge funds. Sadly you have to pay a charge to two sets of managers this way, and the fund-of-funds manager usually takes a fixed charge as well as a perfomance-based charge, however...

Another problem is that the performance of many managed funds is routinely compared with comparable indices. The fear of underperforming the index and thus losing business forces active fund managers to become closet trackers. So if you're after buying anything but the most specialist funds...

Every time I read this it sobers me and is the reason why the core of my equity portfolio is in passive tracking funds (chosen by the criteria of cost and tracking error).

To answer the dentist007, I personally these days avoid warrants and options after making a bit of money on the latter mainly by uninformed gambler's luck ( :-0 :rolleyes: ) back in the nineties. The big problem with buying options and warrants is the time value: it works against you on longer...

BA- also looking dicey? Double top followed by lower high giving a saucer top (almost?), divergence in OBV shows money running away from this share through the post top rallies. Pulled back to 170 today would like to short on next move down below 167 if downtrend still intact by then, target...

BARC suddenly looking bearish? A lower high followed by a break of the lower channel boundary that it's been stuck in since March's lows today. Ideally I'd like to see a pullback to the broken up trendline before getting in for a short at <480p, target 415p. There doesn't appear to be any...

Correct however in this case you cannot reclaim the VAT on these items, AFAIK (at least you couldn't when I did this five years ago)

Thankfully I scalped that for +5 points. I also got stopped out of the GBP trade for +5. Should have cut earlier when I was +30

Thanks, Newtron. I think I was still a little spooked by my poor entry earlier. Still learning to control my urges ;) Cable has been bouncing off the 50% retracement line of this morning's low for about an hour now. EDIT - now through.

Back in the USDJPY in a better position with a better stop, short at 109.11 stop 109.22 target 108.80 ish. Scalped a quick 5 pips as I'm still not convinced by this trade and don't want to run before I can walk (read walk before I can crawl!)

I'm going to have to start getting up earlier for the 7am action :D I'm on Oanda's 30 minutes (with MAs set up to emulate common 1 hour MA's therefore double on this chart), trading on the 5 minute. I've also been stopped out of a USDJPY short for -15 due to stop being too close. Not a very...

Still putting a system together on paper... Long Cable at 1.6967 stop was 1.6937 now 1.6951 looking for 1.7030

fundamentals The sales of the two profitable units in NZ and Brasil have been earnings dilutive, so until share buy backs start taking place there appears to be negative sentiment (as if that makes a change for LLOY recently :D ) Latest estimates were that LLOY needs to spend 1.2 billion...

Finally we're getting some action on the triangle, although not before my stop got taken out on my premature short. I'm well clear from the cable looking to be short when the chart perks up a bit. I think we'll see it coming off the bottom of the channel at 1.6640 ish. Thankfully it's only...