Forex rebates on every trade - win or lose!

Nelson Mandela Towers, Peckham, Jeffie. It'll reach me.

hils, guy called ty young got a neat(as the yanks wold say) way of explaining/trading bollinger bands, worth listening to unless your already an expert with them

OOOOH 6 from 6, after US opening.

Guess another cheque going to NMT

I'll prime the postie in that case, Jeffie, although I do hope this cheque in the post thing isn't going to turn out as the second largest lie in the world.

I guess I should ask what the first largest lie in the world is

lol even I know that :-)

.

Hilly
That breakout strategy has been 100% for me this week. I wouldnt mind getting an EA written for it so I can trade the Aussie and Jap opening.

Any advice you can give in looking for a coder. Is it like ebay, only take someone with good feedback.

Jeff what pairs are you using it with and what times? I had a quick look a GBPUSD between 1200-1400UK and I didn't like the stop levels required so under my MM.

Yesterday it would have needed 86 point SL and I dont like to trade GU with that much.

Also when are you closing your trades?

Its strange that no one has written an EA for this I read a couple of other threads about it as well and they didn't have EAs either.

Jeff,

Somebody not too far away might have already been building a system these last few weeks along those very lines. It might even already be in test.

:o)

86 pip SLs are for pansies, Spacie. REAL WOMEN don't go under 200.

:o)

Hils
I have written the outline for it so will send it to you at the weekend to get your feedback.

Tim
I will send you my rules at the weekend. I think from potential 19 trades this week 18 would be winners.

Hils ;-) I guess it depends on how long your planning to keep the trade open for, I was looking at closing on the same day, i will have a look at longer times as well, but anyway I am not claiming to be a REAL WOMEN ;-)

If your looking for testers for any EA's that someone you know is working on ...... I know someone that would be more than happy to have a look.

Jeff, that would be great thanks. Impressive figures, maybe you wont need that new job and you can join me in the long term unemployed team.

I could host it on my new VPS for you.

Once I get it running :-)

Jeff, I would be interested in seeing your setup rules if you could add me to your list please.

I have traded overnight ranges with some success but have not really looked at shorter timeframes for the range or indeed those occurring later in the day.

Tim
I use the following
Europe - EURUSD 06:00 - 08:00
NY - GBPUSD 11:00 - 13:00
Aussie - AUDUSD 21:00 - 23:00
Japan - GBPJPY 23:00 - 01:00

These times are all GMT which ODL server is on. If you use Alpari you need to add 2 hours as Europe is GBP + 2 (UK is GMT + 1)

qwento
Will do

No problem, Jeffie. Just whizz it through along with your cheque whenever you want.

I get the impression, probably wrong with my forex track record that cable is staging a fake out to the upside

The U.S. economy lost 663.000 jobs in March pushing the unemployment rate to 8.5 percent, the highest level in more than 25 years, the U.S. Bureau of Labor Statistics said today in Washington. March was the 15th consecutive month with job losses and the U.S. economy has now lost more than 5 million jobs since the financial crisis erupted in late 2007. The U.S. dollar exchange rate seems to be reacting positively to the job figures. Still, price action often reverses after a news release since investors expectations are already discounted on exchange rates.

Well I'm long & looking for a few pips although I thought if it breaks up from here we could have a nice run up for some time to come - the D1 chart probably illustrates it best.