Forex rebates on every trade - win or lose!

Beeb,

I've set a stop and I'm going to leave my screens and let it run. Worst case is that I'll give back the mornings gains to end the day flat.

Ttfn.

Just closed the short on USD/CAD giving a good gain today.

small long cable 181.99, stop in at 181.69

long cable/usd 18119 march stp 18067. Lets see what happens.

Just got blown out cable/usd. Now am long again with a vengence long open 18062 and with a wide stop in place. going to kill it this time.

rgds
zarif

Hilary - what tech indicators are you using to track Cable? When you say a 55-period oscillator on the 5-minute do you mean an MA or some other indicator?

Ta

dc,

I tend to use RSI and slow stochs as o/bought o/sold indicators. The most important thing though, imo, is trend identification and trading with the trend.

I seem to have mastered identifying the trend. It's trading with it, rather than against it, that I seem to have a problem with :-)

do any of the other forx combinations have name like the USD/GBP cable? I want to sound as though I know what I amtalking about in here ;-)

spaceman; just preface everything with 'concorde' and we'll know that it's a
Master Guru talking.....
but the answer is no.
going to try my 10.00 theory today, got the brown trousers on....

Trailing stop took me out of my Cable short a little while back. Just watching for the moment. The EUR/USD is up to resistance ..... want to see which way it goes first.

Well, I managed to pick the bottom at 1.8040. Unfortunately I sold it :-( Got a stop at 1.8140 (above the hourly support) and am expecting a rebound from 1.8100 where the 15-min chart should encounter the 55-period MA at about the same time that the 5-min MACD should be pressuring downwards. 5-min stochasic is pretty overbought ATM.

This TA stuff is easy - just wonder why I never seem to pay attention to it when placing trades.

Just read that the CBI data is better than expected, increasing the likelihood of a .25% rate hike in the UK next month, but that may be countered by the possibility of a defeat for the government on the top-up fees vote tonight.

please can i be guru for today...

went long @ 180.47, at 9.55, then;
10.00 180.30
10.30 180.48
11.00 180.82
trailing stop in now @ 180.69

not very scientific i'm afraid, but have followed the 10.00 move for a while, but today is the first time i've traded it - it's like someone, somewhere turns a machine on that is pre-programmed to sell $ at 10.00

and stopped out 180.69 for + 22

BB, thanks for the info, shame there arnt any others, maybe we should make up some new ones?

Watching yout 1000 special looks interesting.

All,
What do you use for data feed and TA on Forex trades, I have just been using MM but I think I need something better if I keep playing forex. I will have a look at the links in the header above but it would be good to have others recomendations.

Thanks.

I'm using eSignal for the data feed and the FXCM trading station software for news feed.

"Dedicated To HONEY BUNNY"

BUY CEN , BUY CEN

Stopped out of my short at 1.8140. Gone long at 1.8145, waiting to see if it'll break through the 50% retracement at 1.8162

Well, it didn't make it at the first push and I stopped out back at my entry point, but now back in long at 1.8172 with the 50% fib retracement at 1.8162 for support and looking to get to 1.8196 which is the next fib level.

Price also buoyed by news of another 30 rebels switching over to support the government in tonight's vote and US consumer confidence figures lower not as good as expected.

dc,

It's just my opinion, but you've got to have the patience to let the long on the resistance break run. I know it's overbought and it could pullback at any time, etc, etc, but breakouts can often be good for several hundred pips if you've got the nerves to run them. It'll be Sods Law that this one pulls back about two minutes after this post.

:o)

He who dares, Rodney.