Forex rebates on every trade - win or lose!

Neither am I, Flossie.

Hil: Just post the nude pics up here so we can all enjoy them. ;-)

SC: I do expect the rate cut and I'm looking forward to being quantitively eased.

Well that makes three of us then because I'm not convinced they'll cut either.

Think it's of more interest to see what the ECB do today.

Panic, I imagine.

The Graham Norton Show was hilarious last night.

SC
I work in Brussels Monday to Friday, so 9:18 for me

Hils
Not quite at the giving up work stage yet. Still ad hoc supporting a 28 and 25 year old offspring

Didn't think you'd had the doggies that long, jeffie ;)

Choccie
If it wasnt for insurance I would be supporting them too. One had meningitus recently and vet bills were almost 5,000

hils, i think he usually is, who did he have on last nite

Sarah Ferguson and Ed Byrne, Gofe, but it was the audience participation bit that was the funniest. I don't how much they'll edit out. It'll be on tonight.

So did they edit stuff out, Hil?

Oh yes, DelBoy. They spend about an hour and a half recording it for a half hour show. The guy is so clever and so sharp because it just flows continuously for that time without any breaks or re-takes whatsoever.

Strangely enough they edited his gay sex joke out. I can't imagine why.

And this forex malarky is a funny old game too. I spent much of yesterday mulling over my Wednesday cable longs. I might bank them at some stage today. Maybe ahead of the farmers thing. But then again, I might not.

:o)

I am still having a problem holding positions. As soon as they go 60-80 points against me I close them. Only to see them recover over the next day or 2. I dont like sitting here looking at negative numbers, it makes me nervous.

Pansy!

Jeff,

With cable at $1.42, 80 pips is just over 0.5%. If this were a stock, the chances are that your spread and costs would be more than that.

This is the effect of excessive leverage and how it screws up your emotions. One solution is to scale your position size down so that you don't use the leverage on offer.

Sob Sob

All of my trading in last couple of years has been intraday stuff. I tend to focus too much on the P&L tick by tick and it panics me in closing a positions. Probably 7 out of 10 of those positions ended up coming good.

Must try harder

Tell him Flossie.

Well Jeff,

I have to say that since I started using Winalot (this sounds like one of those corny ads for anything you like) my Fx trading has calmed down and I've realised that you can have positions held for hours or days - one of the positions ran for about 4 or 5 days I think.

I used to trade in and out over the course of a few hours only, or even minutes sometimes, but now am quite happy, because as long as the direction is right, most of the positions will come good. Having said all that this today's cable long was all over before breakfast :-)

what leverage would you recommend hils?

currently short usd/jpy, taken half my position of, will probably close the rest before nfp, dont fancy holding anything in this market over wkend