hilary
- 31 Dec 2003 13:00
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Forex rebates on every trade - win or lose!
hilary
- 26 Apr 2004 18:26
- 1050 of 11056
Oh, I see what you're trying to say, Paul. If what I read on these boards is correct, I would've thought that, for every winner, there are more likely 20 or 30 losers.
Everyone can get lucky once or twice, but a successful trader will win consistently on a regular basis. If you happen to be one of the "1 in 20" brigade, what's the point in doing it with somebody elses money? You might as well use your own.
Paulismyname
- 26 Apr 2004 22:24
- 1051 of 11056
Hilary, yes you are right, pure trading is a talent which not all of us have, and that includes me to an extent although thanks to some people here I am at least now the right side of 50%!
Prefer to look at investment as its less stressfull. I class you as a successful trader though, interestingly enough the other consistant day trader I know personally (known as Smelberg on afn) (Paula) is also consistantly good.
Tellon
- 27 Apr 2004 07:38
- 1052 of 11056
Morning All,
Ive moved my stop loss to break even on my Euro Short from yesterday. Its testing the resistance on the hourly chart and it looks a bit strong for my likeing..
France Q4 GDP in 6mins.. (0745 BST)
So we may get an answer soon..
foale
- 27 Apr 2004 09:32
- 1053 of 11056
Hils.... you still in your long Cable...or stopped out?
hilary
- 27 Apr 2004 09:40
- 1054 of 11056
foale,
Stopped yesterday. Was tempted to long again at 7am but decided on the handsitting approach instead.
Tellon
- 27 Apr 2004 10:53
- 1055 of 11056
Im considering a Long GBP/USD with a target of 18150. Not sure yet thought..
Target set by 1-hour chart resistance of Highs.
CBI Industrial Trends Survey in 7mins that may help me make up my mind.
Tellon
- 27 Apr 2004 11:11
- 1056 of 11056
Long GBP/USD (Day - Short Term & Postion - Long Term)
I think the short term maybe a mistake so using a tight stoploss. Long term im looking for 18050 - 18150
Tellon
- 27 Apr 2004 11:12
- 1057 of 11056
US: April consumer confidence (1500 BST), March existing home sales (1500 BST);
Coming Up...
hilary
- 27 Apr 2004 13:23
- 1058 of 11056
BRUSSELS (AFX) - European Central Bank president Jean-Claude Trichet said market interest rates in the euro zone are low because of the ECB's success in keeping inflation expectations under control.
Confidence in the ECB's ability to control inflation keeps market interest rates low across the whole range of maturities, he said.
'We are delivering the best yield curve possible for Europe,' he told the European Parliament economic and monetary affairs committee.
Surveys have repeatedly shown that financial markets expect future euro zone inflation to be between 1.7 and 1.9 pct, exactly in line with the ECB's target, Trichet said.
If markets were less confident about the ECB's ability to keep inflation under control, then long-term market rates in particular would rise, with negative consequences for the euro zone economy, he said.
Trichet said the ECB's forecast of a gradual recovery in the euro zone economy has been consistent for several months and was confirmed at the last governing council meeting on April 1, when the ECB left its key interest rate unchanged at 2.00 pct.
Asked about criticism that he and other council members had fuelled expectations of a rate cut at the April 1 meeting, Trichet said fewer than 20 pct of market experts and economists were expecting a rate cut at the meeting and the majority expected rates to be left unchanged.
'We are one of the most predictable central banks in the world,' he said.
Trichet declined to comment on the impact of a possible rate increase in the US, but he said ministers and central bankers at last weekend's G7 meeting in Washington had agreed that the US and euro zone economies each have different 'assets and liabilities'.
The US has a very flexible economy that is able to quickly make use of technological innovation, but it lacks savings, he said.
The euro zone meanwhile has ample savings and capital but still has a lot of work to do on structural reforms, he said.
He said there was also a consensus that the statement on exchange rates at the G7's February meeting continued to capture members' views and the same wording was therefore retained in last weekend's communique.
Asked about the apparent inconsistency of requiring new EU members to join the ERM2 exchange rate system while the UK says it would not join ERM2 ahead of any euro entry, Trichet said two years' membership of ERM2 remains one of the Maastricht conditions for euro entry.
foale
- 28 Apr 2004 07:12
- 1059 of 11056
Managed to exit my cable long at 1.7952 very early this am.
Sitting it out now, but with a downward bias in mind for later
Tellon
- 28 Apr 2004 07:47
- 1060 of 11056
Still holding my long myself.
foale
- 28 Apr 2004 08:03
- 1061 of 11056
Good luck Tellon...this is a market where many can win or lose depending on your time frame...
What else do you trade apart from FX...
I trade CFD's...though am doing much less than usual
in the current uncertain equity market
and have an equity portfolio which is not doing much either atm
Starting to short Cable again
hilary
- 28 Apr 2004 08:03
- 1062 of 11056
I've actually gone short Cable myself this morning. It's a trade which isn't in accordance with my strategy so I've only taken a half size position. I'm not entirely confident and am therefore holding a tight stop loss.
He who dares Rodney.
:o)
hilary
- 28 Apr 2004 08:05
- 1063 of 11056
Well, well. Tanked as I typed.
:o)
Tellon
- 28 Apr 2004 09:33
- 1064 of 11056
Cable - Still Long intend to hold for a while.
Foale, I used to trade Stocks/Shares I think invest is a better word. I did quite well but I found i was making trades when there was no point due to the lack of action. I moved then to Future Contracts on indices mainly FTSE and Dow and then onto FX. I enjoy FX, very much.. I found concentrating on a handfull of pairs and the FTSE and Dow effected my ability.
Anyway to cut a long story short.. FX only now.. Currently through Spread Betting of sorts..
hilary
- 28 Apr 2004 09:42
- 1065 of 11056
Stopped from my short for a miserly 5 pips. Serves me right for trying to be clever.
Agree with Tellon that Cable is still a long, although I suspect that upwards momentum could wane soon. A rising support line can now be drawn from the low of Friday to the low of this morning. A break of this line would provide a nice long stop loss and a good level to go short, imo.
foale
- 28 Apr 2004 10:01
- 1066 of 11056
Interesting Tellon I have found that indexes and CFD's dont mix
Hilary that line you mentioned getting closer by the minute
Euro much stronger than Cable this am
The failure of Cable at 17965 early this am ..and only one attempt to get there...reinforcing my short stance...
though its by no means clear cut atm
Hilary since I asked Tellon what he traded...
are you a FX and small cap shares kind of girl may I ask
hilary
- 28 Apr 2004 10:11
- 1067 of 11056
Support buying on the line takes it at the first attempt. Unfortunately, I have to pop out for an hour so I'll miss the action.
I'll answer your other question when I get back.
Tellon
- 28 Apr 2004 11:30
- 1068 of 11056
foale,
The euro buying was weak yesterday, so imo its only catching up today what it missed yesterday. Both are at the same level. Imo..
On the 15min chart we have a wedge formation.. It will break soon its running out of space..
Only Italy numbers out this morning so not much left for the rest of the day maybe Mr Brown can help my "Buy the pound" cause..
Tellon
- 28 Apr 2004 11:32
- 1069 of 11056
Oh as for your CFD, I never used Contracts for Difference myself. Spread Betting or Futures contracts mini's mainly. I would have thought CFDs would be similar..
Check out the FTSE Day Trading thread some excellent strategie in there.