Forex rebates on every trade - win or lose!

Hilary I know you are a girl with largish stops

(Bet thats the best compliment you'll get all day!)

But do you have a maximum drawdown amount or % of capital that you will take
on a day...or is it a pips amount

when I look back at a couple of my bad days..ie larger % drawdown than it should have been. I realise that a max % stop of my capital would have been useful and saved me money independant of my thoughts on the position itself

foale,

I tend to use pips amount. I'm a bit uneasy if the obvious stop is more than 100 pips away from my entry level so I then tend to scale my position size down to restrict the financial loss.

I'm out of the market atm (can't bring myself to buy it up here) but, if I were in, I'd stay long with a stop at around 17920 being the rising support line passing from the low of Thursday through the low of yesterday morning (that would have been an ideal entry ...... I didn't have computers or broadband then unfortunately).

Thanks for that..very interesting

Could not resist a small short at 1.8050

so much for 'getting back in' !

got some balls today - 182 by lunchtime ?

Nah....reckon 1.8065 the top
it has to be..I added to my short!

Closed my USD/Yen for a small profit

Ive closed my (Paper) GBP/USD @ 1.8060 as its overbought. Also resistance at 1.8100 from the upward trend.

Im am long Eur/Usd as it broke out above its channel. Although I feel that might be a false break out so have a tight stop loss.

So sorry to hear the sad news about David Anderson..
have known David quite a while now
makes you reflect on your own situation

-------------------------

Closed my short from 8065 and lower
at 8031...staying out for a while

though my inclination is for it to retrace to the 1.8005-15 area

Closed My Euro Long. -35

Its not held the upward support line from 1.2035. Looks like a sideways movemt for now.

Damn IT!!!

when i said 182 by lunchtime i was only joking !

like you tellon - out too soon

Short at 1.8109...have done ok on shorts today

though going with flow would have been easier today

short from 1.8117 myself.. Yeha!

i was only thinking about it, and you 2
have already found the balls.........

must be getting old....

looks good for you both for now - agree
it must be overbought, but i'm still
bullish for next few weeks. would just like
it to come back to 179 something for me, and
of course for you 2 as well !

sorry i spoke guys !

added to short at 1.8132

not a long term position...but this is too far too fast imo

edit: managed to close this at a profit
now flat

Starting to think a short might be the say to go for today

Starting to scale into shorts

Hilary Beeble...Tellon

any currency thoughts atm?

morning david
have a short running on cable, but not very
comfortable with it if you know what i mean.

the 2 cent move since yesterday morning caught
me with me pants down, and i would have much preferred
to be long, and will be happy to reverse my current
position at around 181.20 ish

i can see 185 within next few weeks - remains strong for me.

Have been struggling with my connection as there's been a fault on the line and the engineer has had to come out to fix it. Fingers crossed I might be able to get back to work soon.